With growing foreign competitors, the pressure is on domestic warehouse operators to improve efficiency.
San Francisco, CA (PRWEB) March 09, 2013
Revenue for the Storage and Warehousing industry in China is expected to total $19.2 billion in 2013, growing at an annualized rate of 7.5% since 2008. Industry demand has been strong since China's entrance to the World Trade Organization (WTO) in 2001. Foreign logistics resources and industry knowledge streamed into the Chinese market, which improved service quality and accessibility, and increased demand for warehousing services, says IBISWorld.
The Storage and Warehousing industry has a low concentration level, with the four largest companies – China National Materials Storage and Transportation Corporation, Shanghai New Jinqiao International Logistics, P.G. Logisistics, and CMA Logistics – jointly accounting for a quarter of industry revenue. Small warehouse operators with low levels of automation and machinery account for the majority of industry participants, says IBISWorld. However, with an increasing number of foreign competitors, the pressure is on domestic companies to improve productivity and efficiency. To help address these problems, the government introduced several new standards in early 2008 to improve warehousing quality and increase professional development within the industry.
In the five years through 2018, this industry is forecast to develop steadily. IBISWorld anticipates that that more regulations aimed at improving the competitive strength of enterprises will be implemented over the period.
For more information, visit IBISWorld’s Storage and Warehousing in China industry report page.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189
IBISWorld Industry Report Key Topics
The Storage and Warehousing industry in China comprises businesses that provide storage or warehousing services for products other than grain products (including grain, cotton, oil-bearing crops and other crops). Storage services can be under contract and may include distribution. Warehousing services can be private or public.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.