LONDON--(BUSINESS WIRE)--The third-party logistics market in China is expected to post a CAGR of close to 7% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the rising e-commerce market. The e-commerce market in China is one of the largest e-commerce markets in the world and is growing at a higher rate than most countries in the world. The B2C e-commerce sales in China are expected to reach around USD 1 trillion by 2022, growing at a CAGR of around 10-15% during the forecast period.
This market research report on the third-party logistics market in China 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
In this report, Technavio highlights the use of blockchain to improve traceability in logistics as one of the key emerging trends in the third-party logistics market in China:
Third-party logistics market in China: Use of blockchain to improve traceability in logistics
A blockchain is a sequential series of information and has records of events that cannot be altered or tampered with. In other words, a blockchain system is a chain of cryptographically protected records. Multiple users can access or add data to the chain without being able to change or delete the information that is already present. The use of blockchain removes the need for a central authority to maintain records.
“There are several advantages of using the blockchain technology in a supply chain. Blockchain technology increases security, reduces fraud, automates data flow, improves traceability and trackability, reduces paperwork, and increases transparency. The use of blockchain technology is gaining popularity in China,” says a senior analyst at Technavio for research on logistics.
Third-party logistics market in China: Segmentation analysis
This market research report segments the third-party logistics market in China by type of service including, transportation, warehousing and distribution, and value-added services. The report also offers an up-to-date analysis of the market concerning the current market scenario, latest trends and drivers, and the overall global environment.
The transportation segment held the largest market share in 2017, accounting for nearly 50% of the market. This segment is expected to dominate the global market throughout the forecast period.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market sizing
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
