Warehousing Market in China 2015-2019
Warehouse operators offer different kinds of services to customers, such as loading and unloading, inventory management, and other SCM related services. In addition, they provide a wide range of value-added services such as assortment and grading, packaging and labeling, and shipping services. Warehousing services improve the efficacy of logistics by introducing new and innovative SCMs.
Technavio's analysts forecast the warehousing market in China to grow at a CAGR of 10.19% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the warehousing market in China for the forecast period 2015-2019. To calculate the market size, the report considers revenue generated by the warehousing and storage service providers.
Technavio's report, Warehousing Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the warehousing market landscape in China and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Warehousing Market in China 2015-2019
Technavio recognizes the following companies as the key players in Warehousing Market in China: China Chengtong Group, China Merchants Group, CMA Logistics, Kerry Logistics and Sinotrans & CSC
Other Prominent Vendors in the market are: CEVA Logistics, China Ocean Shipping Group, Conestoga Cold Storage, Jiangsu Feiliks International Logistics, Kuehne + Nagel International, Logwin Logistics, Menlo worldwide Logistics, Nyk Logistics, Penske Logistics, Schneider Logistics and Shanghai Hengfu Logistic
Commenting on the report, an analyst from Technavio’s team said: “Currently, vendors in the warehousing market in China are focusing on providing different types of value-added logistics services, such as the sorting and grading of products, packaging, MIS services in the logistics supply chain, and other legal formalities necessary in the process. There are a few players in the market that provide one-stop solutions. The market is witnessing a trend of shippers choosing warehousing service providers that provide a one-stop solution to avoid the tediousness associated with outsourcing different tasks to different vendors.”
According to the report, increasing demand for outsourcing warehousing services is one of the major drivers in the warehousing market in China. Manufacturing companies in China are expanding their production capacities and operations, which leads to an increase in the logistics needs in terms of the storage of raw materials and finished goods for retailers and distributors. Therefore, the increased SCM complexity of manufacturing companies has resulted in manufacturers outsourcing part of their SCM functions to warehouse and storage service providers. Also, given the benefits of outsourcing in terms of increased operational efficiency and cost savings, shippers are also increasingly outsourcing the logistics part of their operations to warehouse service providers, thereby enabling them to focus on their core competencies.
Further, the report states that the warehousing market in China is highly fragmented and competitive because of the presence of many players offering differentiated warehousing services."
China Chengtong Group, China Merchants Group, CMA Logistics, Kerry Logistics, Sinotrans & CSC, CEVA Logistics, China Ocean Shipping Group, Conestoga Cold Storage, Jiangsu Feiliks International Logistics, Kuehne + Nagel International, Logwin Logistics, Menlo worldwide Logistics, Nyk Logistics, Penske Logistics, Schneider Logistics, Shanghai Hengfu Logistic