Reportlinker.com has a new market research report related to the logistics and freight industry.
China’s steady economic high growth rate formed the foundation for the storage industry for the storage industry is a part of service industry which, in turn, depends on other industries. The growth rate of China’s GDP was 10% continuously or above for the 5 years from 2003 to 2007 and the storage industry grew to keep pace.
In 2007, the nationwide storage cost was RMB1.4943 trillion (about $205 billion) accounting for 32.9% of overall logistics costs, increased by 21.2% as compared with the same period of 2006.
The domestic total cost of logistics in 2007 reached RMB752.83 billion (about $103 billion), a 26.2% increment over the same period of 2006.
In the future, the report suggests, storage demand will develop in a comprehensive and specialized direction. Logistics Parks will become collecting center for storage and transport industry. And the business will become more and more internationalized because there are already many foreign-invested enterprises gathering in logistics parks.
Live-PR sums up the report by saying the cost of logistics enterprises rose sharply due to customers’ growing demand of storage service. They need not only storage service but also many relevant services. As far as enterprises are concerned, the logistics cost of comprehensive enterprises increased more rapidly than that of storage and transport enterprises.
The reports ends: in view of those factors such as inflation, China’s storage industry will keep a growth rate of 10-15% annually.