China Logistics Industry to Grow at 9% CAGR by 2013
With growing industrial base and increase in consumer demand for goods, China logistics industry is expected to surge at a CAGR of around 9% during 2011-2013, RNCOS identified.
- (1888PressRelease) February 04, 2011 - According to our latest report "Chinese Logistics Market Forecast to 2012", China logistics industry has been witnessing tremendous growth rate for the past few years, on the back of growing industrial base, increasing consumer demands for goods, and rise in economy. Moreover, with the increasing government support in the form of infrastructural investments and growing trade practices, the value of China logistics industry is expected to reach nearly CNY 135.7 Trillion by the end of 2013, growing at a CAGR of around 9% during 2011- 2013.
The concept of logistic services in China is mainly confined to transportation services. Operations like, warehousing, distribution management are handled by the in-house department of manufactures and service providers. However, during the past few years, both government and industry players have incorporated measures to attract investments and improve the performance level. The liberal economic approach adopted in policy measures along with increasing demand for goods and domestic market has resulted in exponential growth patterns in the industry.
Ongoing analysis revealed that, Chinese logistics enterprises are increasingly shifting towards green logistics, with the growing awareness of global environment concern. Additionally, outsourcing logistics facilities are gaining importance on the back of rising demand for high tech logistics facilities. These trends are expected to grow in near future on the back of huge untapped opportunities in both the sectors. Besides, increasing investments for transportation infrastructural development is emerging as one of the major driving factors for the Chinese logistics industry.
"Chinese Logistics Market Forecast to 2012" provides extensive research and rational analysis of the Chinese logistics industry along with brief overview of the key players operating in the industry. Our research findings will definitely help consultants, industry analysts, and vendors to get an in-depth knowledge of the current, past, and future performance of the industry. The forecasts presented in the report are based on the correlation between past market trends, statistical analysis, and industry drivers and provides a direction to clients, in which, the industry is likely to move in future. It will also help clients in identifying potential opportunities in the Chinese logistics industry.
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