China's Growing e-Commerce Drives Investment in Logistics Parks

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Researched by Industrial Info Resources (Sugar Land, Texas)--With an annual growth rate of 21%, China leads the global e-commerce market, prompting the development of logistics-related infrastructure and efficient delivery networks across the country. Consequently, China's logistics parks market is witnessing heavy investments to handle the storage, processing and distribution of goods on a large scale.

A logistics park is a designated industrial area offering diverse logistics services, ranging from storage, distribution and management to transportation of various goods. Unlike warehouses, which focus on storage, logistics parks often house multiple logistics operations in a centralized location.

Industrial Info is tracking more than 600 active-capital spending projects, with a total investment value of about US$40 billion, in China's logistics market. About 87% of the total spending is attributed to grassroot projects, while the remainder is aimed largely at plant expansions. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project and Plant databases can click here for a list of detailed project reports and click here for a list of related plant profiles.

China's rapid urbanization is boosting the demand for logistics services in major cities. But e-commerce activity also is growing in rural areas, driving the need to set up logistics parks for efficient last mile delivery. As per China's Ministry of Commerce, rural areas witnessed a 12.5% surge year on year in the first half of 2023.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).