Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 2.7 % over the past five years, to reach an estimated $113.0bn in 2024.
Trends and Insights
Extensive downstream demand has supported industry growth
- Storage and warehousing is a fundamental industry of the national economy and social development, and is widely used in many important fields.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The recovery of social consumption will support industry growth
- The COVID-19 epidemic in 2020 and 2022 in China has resulted in lower social consumption, as well as lower demand for warehousing and logistics.
Biggest companies in the Storage & Warehousing in China
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
GLP China Holdings Limited | 882.1 | |
Vanke Logistics Development Co., Ltd. | 670.6 | |
JINGDONG Property, Inc. | 443.5 |
To view the market share and analysis for all 10 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including High standard warehouses, Ordinary warehousesg and Logistics services related to warehousing. High standard warehouses is the largest segment of the Storage & Warehousing in China.
Trends and Insights
High standard warehouses have become the largest segment
- High standard warehouses typically have larger areas, higher floors, wider column spacing, modern loading and unloading platforms, and better security systems.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
High standard warehousesOrdinary warehousesLogistics services related to warehousingCompanies
GLP China Holdings LimitedVanke Logistics Development Co., Ltd.JINGDONG Property, Inc.Purchase this report to view all 10 major companies in this industry.
Related Terms
HIGH STANDARD WAREHOUSELOGISTICSINVENTORYPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Rising online shopping market has supported industry demand. China has 915.0 million units of online shopping users as of 2023. The surging expansion of online shopping marke...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
High standard warehouses represent the largest product segment. The demand for high standard warehouses in China has growing rapidly, driving industry operators to increase i...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Industry activities are active in the economically developed regions. There are multiple mega cities in the East China region with dense population and strong demand for stor...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Industry concentration level is low. The four largest companies – GLP, VX Logistics, JDP and CMST – jointly accounting for 2.1% of industry revenue in 2024.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Leading companies often engaged in multi operations. Leading industry operators is mostly engaged in logistics, supply chain, or commercial real estate, and warehousing is a ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of GLP China Holdings Limited's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Vanke Logistics Development Co., Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of JINGDONG Property, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 7 additional companies
Detailed analysis
- Description and key data for GLP China Holdings Limited, and factors influencing its performance in the industry
- Description and key data for Vanke Logistics Development Co., Ltd., and factors influencing its performance in the industry
- Description and key data for JINGDONG Property, Inc., and factors influencing its performance in the industry
- Description, key data and performance trends for 7 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Government guides the industry development. The Chinese Government has released a series of policies and regulations to guide the development of the logistics industry, w...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Industry profit margins are not high. Lower warehousing rent during the COVID-19 period also resulted in decreasing industry profit margins. Profit will represent 5.2% of ind...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Storage & Warehousing industry in China in 2024?
The market size of the Storage & Warehousing industry in China is $113.0bn in 2024.
How many businesses are there in the Storage & Warehousing in China industry in 2024?
There are 10,929 businesses in the Storage & Warehousing industry in China, which has grown at a CAGR of 0.4 % between 2019 and 2024.
Has the Storage & Warehousing industry in China grown or declined over the past 5 years?
The market size of the Storage & Warehousing industry in China has been growing at a CAGR of 2.7 % between 2019 and 2024.
What is the forecast growth of the Storage & Warehousing industry in China over the next 5 years?
Over the next five years, the Storage & Warehousing industry in China is expected to grow.
What are the biggest companies in the Storage & Warehousing market in China?
The biggest companies operating in the Storage & Warehousing market in China are GLP China Holdings Limited, Vanke Logistics Development Co., Ltd. and JINGDONG Property, Inc.
What does the Storage & Warehousing in China include?
High standard warehouses and Ordinary warehouses are part of the Storage & Warehousing industry.
Which companies have the highest market share in the Storage & Warehousing in China?
The company holding the most market share in China is GLP China Holdings Limited.
How competitive is the Storage & Warehousing industry in China?
The level of competition is high and increasing in the Storage & Warehousing industry in China.
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Competitors
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Complementors
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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