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The China logistics market size was valued at USD 2464.05 billion in 2023. The market is further projected to grow at a CAGR of 6.3% between 2024 and 2032, reaching a value of USD 4286.22 billion by 2032.
Logistics is one of the fastest-growing industries in China, with a significant contribution to the country's GDP. The demand for direct-line delivery has risen by 84% between 2016 and 2020, driven by the increasing popularity of e-commerce and the need for faster and more efficient delivery services. This trend has led to the growth of express delivery companies and the expansion of their networks.
The flurry of mergers among third-party logistics players is expected to continue, as companies seek to increase production capacity, digital capabilities, and omnichannel integration. The value of M&A activity, IPOs, and start-up deals in China shot up by more than USD 7 billion in 2021 compared with the previous year. This trend is leading to the emergence of logistics juggernauts and the blurring of lines between freight forwarders and contract logistics providers.
The cold chain logistics market in China is experiencing growth due to the increasing demand for fresh agricultural products, food safety, and the quality of fresh agricultural products, as well as the Chinese government's investments in cold chain infrastructure.
Moreover, China is a major player in both exports and imports, with manufactured goods making up 95% of all exports and the biggest categories being machinery and vehicles, electronic products, and clothing. The high volume of exports and imports of manufactured goods necessitates a robust logistics infrastructure to facilitate the movement of these products efficiently. This demand drives China logistics market growth due to increased investments in transportation, warehousing, and distribution networks.
In China, the 2PL and 3PL market is experiencing significant growth due to the increasing demand for e-commerce and the need for efficient and reliable logistics services. The 2PL market is also being driven by the increasing trend of direct-line delivery, which has risen by 84% between 2016 and 2020.
China Logistics Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Model Type
Market Breakup by Transportation Mode
Market Breakup by End User
Market Breakup by Region
Market players are utilising advancements in technology and data analytics to streamline processes, manage inventory levels, optimise routes, and ensure timely delivery of goods.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Model Type |
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Breakup by Transportation Mode |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 2464.05 billion.
The market is expected to grow at a CAGR of 6.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 4286.22 billion by 2032.
The market is driven by the growth of e-commerce, which has led to a surge in demand for streamlined logistics and supply chain management solutions.
Key trends aiding the market expansion include the growth of e-commerce, the increasing reliance on 3PLs, integration of technology, and a shift towards customer-centric logistics.
Based on end user, the market segmentations include manufacturing, consumer goods and retail, food and beverages, IT hardware and telecom, healthcare, chemicals, construction, automotive, and oil and gas, among others.
1 PL, 2 PL, and 3 PL are considered in the report.
Key players in the market are COSCO Shipping Lines Co., Ltd., FedEx Corporation, United Parcel Service, Inc., Schenker AG, Debon Logistics Co., Ltd., Deutsche Post AG, DSV A/S, CMA CGM Group (CEVA Logistics SA), Kuehne + Nagel International AG, Nippon Express Co., Ltd., Expeditors International of Washington, Inc., Kintetsu World Express Inc., and A.P. Møller – Mærsk A/S, among others.
The major regions studied in the market report are Shanghai, Zhejiang, Guangdong, Jiangsu, Beijing, and others.
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