Industry Analysis & Industry Trends
Revenue for the Storage and Warehousing industry is expected to total $27.2 billion in 2017, up 6.2% from 2016. In the five years through 2017, the industry has been growing at an annualized rate of 8.4%.
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 Key Buyers Chapter
The Storage and Warehousing industry has a low concentration level, with the four largest companies – China Chengtong Group, CMA Logistics Co., Ltd., China Merchants Group and Shandong Gaishi International Logistics Group – jointly accounting for 22.3% of industry revenue in 2017.
ACMR-IBISWorld estimates that enterprises with annual revenue under $600,000 represent 80.0% of the total number, while their aggregate revenue accounts for only 15.0% of total industry revenue. About 50.0% of industry revenue in 2017 is expected to be generated by the largest 70 enterprises.
The industry concentration level will increase in the next five years, as large logistics and warehouse enterprises become more competitive in terms of services and market coverage. In .. purchase to read more