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 SWOT Analysis Chapter
From 2009 to 2019, the industry's value-added is expected to increase at an annualized rate of 7.6%, at about the same pace as overall economic growth during the same period.
A majority of players in the industry generate low revenue and most do not need or cannot afford sophisticated warehousing management systems. Even for large players, management technology is seldom applied. There is still large potential for players to increase levels of automation.
Since China completely opened the logistics market in 2005, foreign warehousing enterprises have been entering the market. Competition is therefore expected to intensify and industry concentration will increase in the next five years... purchase to read more