Latest News - Warehouse And Storage Market in China: Manufacturing is expected to lead the End-user segment during 2024-2028

The Warehouse And Storage Market in China is being driven by Rising demand in e-commerce market

The Warehouse And Storage Market in China is expected to grow at a CAGR of 6.77% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 37 billion. The surge in China's e-commerce sector has driven a significant demand for efficient warehouse and storage solutions. Last-mile delivery services, a crucial aspect of e-commerce, can be optimized by positioning warehouses near consumers to minimize delivery times. However, the scarcity and escalating costs of land in major urban areas, such as Shanghai and Beijing, are pushing up rental prices for warehouse spaces. To mitigate this challenge, developers are constructing multi-story warehouse units to maximize available space. Notable players like Goodman, which owns 110,000 square meters of business space in Shanghai, are attracting major e-commerce companies, including Jingdong, to their facilities. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Manufacturing
  • Healthcare
  • Chemicals
  • Others
• Type
  • General
  • Refrigerated
  • Farm products
• Geography
  • China

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand in e-commerce market
• Increasing presence of third-party logistics providers
• Growing consumption of frozen and perishable foods

However, the market also witnesses some limitations, which are as follows:

• Increase in rentals for warehouse and storage space
• Scarcity of qualified logistics personnel
• Long payback period in warehouse investment

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Market Scope in Warehouse And Storage Market in China Research Report

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Research Analysis Overview

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Market Research Overview

The global air freight and logistics market encompasses the revenue generated by companies offering air freight transportation, courier services, and logistics solutions, which involve package and mail delivery, customs agents, and real-time tracking of goods in transit up to the point of delivery. According to Technavio's market analysis, the market's size is determined by the earnings of air freight and logistics service providers worldwide. Factors driving growth in this sector include the surge in cross-border e-commerce activities, as consumers increasingly purchase goods from overseas retailers. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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