Third-party Logistics Market in China Size to Grow by $ 73.78 Billion During 2021-2025

Technavio has been monitoring the third-party logistics market in China and it is expected to grow by $ 73.78 billion, accelerating at a CAGR of almost 6.90% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

Third-party Logistics Market in China: Receive Free Sample Report

Third-party Logistics Market in China: China to lead market growth during the forecast period

• Growth by the manufacturing segment will be significant during the forecast period. The manufacturing and logistics industries are closely related to each other. The manufacturing industry requires the support of the logistics industry to stay competitive and effective. The demand from the manufacturing industry for 3PLs for inventory management during 2021-2025 will be high.
• Rise in e-commerce market demand will be a significant factor in driving the growth of the third-party logistics market in China. Some major e-commerce platforms in China are Taobao, Jingdong, and Tmall.  Due to high internet penetration, there is a rise in demand even from rural areas, which will positively impact market growth.
• E-commerce firms are also investing in logistics development to capitalize on the growing e-commerce market in China and stay competitive.

Third-party Logistics Market in China: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. COSCO Shipping Co. Ltd., CTSI Logistics, DEPPON LOGISTICS Co. Ltd., FedEx Corp., Fulfillment Bridge, JIAYOU INTERNATIONAL LOGISTICS Co. Ltd., John Swire & Sons Ltd., Kerry Logistics Network Ltd., S.F. Holding Co. Ltd., and VHK LOGISTIC (HK) Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

Third-party Logistics Market in China: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive third-party logistics market in China growth during the next five years
• Precise estimation of the third-party logistics market in China size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the third-party logistics market in China industry across China
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of third-party logistics market in China vendors

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of 6.90%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 73.78 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Rise in e-commerce market demand will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   China are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   100% growth will originate from China
    
6. Who are the leading market vendors?
   The leading vendors in this market are COSCO Shipping Co. Ltd., CTSI Logistics, DEPPON LOGISTICS Co. Ltd., FedEx Corp., Fulfillment Bridge, JIAYOU INTERNATIONAL LOGISTICS Co. Ltd., John Swire & Sons Ltd., Kerry Logistics Network Ltd., S.F. Holding Co. Ltd., and VHK LOGISTIC (HK) Ltd.
    
7. What are the market segments covered in this report?
   The market is segmented by End-user (Manufacturing, Automotive, Consumer goods, Food and beverage, and Others), Service (Transportation, Warehousing and distribution, and Value-added services), and Geography (China)