Industry Analysis & Industry Trends
Revenue for the Storage and Warehousing industry is expected to total $22.9 billion in 2015, up 5.2% from 2014. In the five years through 2015, the industry has been growing at an annualized rate of 7.7%.
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. In addition, fast development of foreign and domestic trade has been stimulating growth of Storage and Warehousing in China.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
From 2010 to 2020, the industry's value-added is expected to increase at an annualized rate of 6.4%, slightly lower than that of China's economic growth (averaging at estimated of 6.5%) 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