Industry Analysis & Industry Trends
Revenue for the Storage and Warehousing industry is expected to total $21.4 billion in 2014, up 8.5% from 2013. In the five years through 2014, the industry has been growing at an annualized rate of 8.2%.
Industry demand has been strong since China's entrance to the World Trade Organization (WTO) in 2001. Foreign logistics resources and industry expertise streamed into the Chinese market, which improved service quality and accessibility, and increased demand for warehousing services. The financial crisis that started in late 2008 resulted in lower output and demand from downstream industries in 2009, leading to weaker demand for services from this industry. With the recovery in the Chinese and global economies, the industry rebounded strongly in the following years.... purchase to read more
Industry Report - Industry Locations Chapter
East China is the largest consumer for services in this industry, estimated to account for 49.3% of industry revenue, 47.3% of enterprises and 45.3% of employees in 2014. East China, especially Shandong and provinces in the Yangtze River Delta, is the most economically advanced region in China. Many cities along the east coast in this region are major port cities, among which Shanghai and Xiamen are the largest. Attracted by the large flow of goods, many warehousing enterprises have established branches and warehouses in this region. Therefore, performance of international trade influences the performance of this industry in East China.
North China and Middle South China have similar geographic spreads... purchase to read more