- The key vendors in the warehousing market in China 2015-2019 are China Chengtong Group, China Merchants Group, CMA Logistics Co.,Ltd, Kerry Logistics and Sinotrans & CSC.
London, 06 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the warehousing market in China 2015-2019. Adoption of automated storage and retrieval systems is one of the major trends in the warehousing market in China. Automated storage and retrieval systems are inventory management systems that are widely used in manufacturing and distribution centers. The warehousing market in China 2015-2019 is expected to grow at a CAGR of 10.19% during the forecast period of 2014-2019.
Increase in technology-advanced warehousing units in China is predominantly driving the market. Rapid increase in domestic consumption and improved infrastructure in China’s 2nd and 3rd tier cities is stimulating growth in the market. The market is also driven by specialized value-added services provided by warehouse operators. Modern warehouses provide value-added services as well as storage, including kitting, packaging, sorting, and labelling.
“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,” says Faisal Ghaus, Vice President of Technavio Research.
“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.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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