Market Size of china freight and logistics Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 1.22 Trillion |
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Market Size (2030) | USD 1.78 Trillion |
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Largest Share by Logistics Function | Freight Transport |
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CAGR (2024 - 2030) | 6.39 % |
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Fastest Growing by Logistics Function | Courier, Express, and Parcel (CEP) |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
China Freight and Logistics Market Analysis
The China Freight and Logistics Market size is estimated at 1.22 trillion USD in 2024, and is expected to reach 1.78 trillion USD by 2030, growing at a CAGR of 6.39% during the forecast period (2024-2030).
1.22 Trillion
Market Size in 2024 (USD)
1.78 Trillion
Market Size in 2030 (USD)
5.27 %
CAGR (2017-2023)
6.39 %
CAGR (2024-2030)
Fastest Growing Market by Mode of Transport
7.21 %
Projected CAGR, Air, 2024-2030
Construction on the Dalian Jinzhou Bay International Airport, China's first airport on an artificial island and the world's largest offshore airport, commenced in October 2023.
Largest CEP Market by Destination
65.25 %
value share, Domestic, 2023
E-commerce has been the key catalyst for the growth of the domestic CEP segment. The e-commerce market in China grew by 6.7% YoY and reached USD 1.3 trillion in 2023.
Largest Market by End User Industry
39.74 %
value share, Manufacturing, 2023
In 2023, investment in the electronic information manufacturing industry in China grew by 9.3% YoY. Among the products, the output of mobile phones rose 6.9% YoY to 1.57 billion units in 2023.
Largest Warehousing Market by Temperature Control
91.70 %
value share, Non-Temperature Controlled, 2023
New warehouse supply in the 19 markets in China reached a record high of 7 million sq. m in 2022, with Tier I satellite cities accounting for the bulk of the new stock.
Fastest Growing Warehousing Market by Temperature Control
6.14 %
Projected CAGR, Temperature Controlled, 2024-2030
In June 2023, ESR unveiled its first integrated cold storage facility in Sichuan, China. This facility, located in a cold chain industrial park, holds strategic importance in China's Belt and Road initiative
Rising adoption of in-house logistics services owing to booming demand and moderate supply in the industry
- In 2022, intra-city express deliveries reached a cumulative volume of 128 billion. The parcel delivery sector saw a 1.6% Y-o-Y revenue increase in the first 11 months of 2022. This uptick was driven by heightened reliance on parcel services during lockdowns, as consumers increasingly turned to online shopping, even for daily essentials. This surge in e-commerce bolstered domestic demand and volume for courier, express, and parcel (CEP) services. In June 2023, Cainiao Group, in collaboration with AliExpress, announced plans to expedite cross-border parcel deliveries, aiming to cut delivery times to five working days, a 30% acceleration from the industry average.
- The Chinese transportation infrastructure has witnessed remarkable expansion and enhancement over the past decade. By 2021, the country's highway network stretched over 169,100 kilometers. The high-speed rail network also grew to 40,000 kilometers. In 2021, China boasted 248 fully operational civil airports. Its coastal and inland river ports featured 2,207 and 452 berths, respectively, capable of handling vessels with a deadweight of 10,000 tons or more.
- China is actively investing in infrastructure to bolster its logistics sector and ensure a seamless supply chain. In 2022 alone, the country allocated over USD 3.4 billion for road transport infrastructure improvements. Looking ahead, the National Development and Reform Commission, along with the Ministry of Transport, has set ambitious goals for road expansion. By 2035, they aim to extend the national road network to 299,000 kilometers of highways and 162,000 kilometers of expressways.
Understand The Key Trends Shaping This Market
China Freight and Logistics Industry Segmentation
Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Courier, Express, and Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing and Storage are covered as segments by Logistics Function.
- In 2022, intra-city express deliveries reached a cumulative volume of 128 billion. The parcel delivery sector saw a 1.6% Y-o-Y revenue increase in the first 11 months of 2022. This uptick was driven by heightened reliance on parcel services during lockdowns, as consumers increasingly turned to online shopping, even for daily essentials. This surge in e-commerce bolstered domestic demand and volume for courier, express, and parcel (CEP) services. In June 2023, Cainiao Group, in collaboration with AliExpress, announced plans to expedite cross-border parcel deliveries, aiming to cut delivery times to five working days, a 30% acceleration from the industry average.
- The Chinese transportation infrastructure has witnessed remarkable expansion and enhancement over the past decade. By 2021, the country's highway network stretched over 169,100 kilometers. The high-speed rail network also grew to 40,000 kilometers. In 2021, China boasted 248 fully operational civil airports. Its coastal and inland river ports featured 2,207 and 452 berths, respectively, capable of handling vessels with a deadweight of 10,000 tons or more.
- China is actively investing in infrastructure to bolster its logistics sector and ensure a seamless supply chain. In 2022 alone, the country allocated over USD 3.4 billion for road transport infrastructure improvements. Looking ahead, the National Development and Reform Commission, along with the Ministry of Transport, has set ambitious goals for road expansion. By 2035, they aim to extend the national road network to 299,000 kilometers of highways and 162,000 kilometers of expressways.
| End User Industry | |
| Agriculture, Fishing, and Forestry | |
| Construction | |
| Manufacturing | |
| Oil and Gas, Mining and Quarrying | |
| Wholesale and Retail Trade | |
| Others |
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| Other Services |
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China Freight and Logistics Market Size Summary
The China Freight and Logistics Market is poised for significant growth, driven by robust infrastructure development and a surge in e-commerce activities. The market is characterized by its expansive transportation network, including extensive highways, high-speed rail, and a vast number of airports and ports, which facilitate efficient logistics operations. The Chinese government's substantial investments in road transport infrastructure and the logistics sector underscore its commitment to enhancing supply chain efficiency. This strategic focus is further supported by initiatives aimed at reducing transportation bottlenecks and improving logistics networks, particularly in key economic regions like the Yangtze River Delta. The market's growth trajectory is also bolstered by the increasing demand for courier, express, and parcel services, a trend accelerated by the rise in online shopping during lockdowns.
Despite challenges such as fluctuating oil prices and a decrease in manufacturing orders impacting transportation and storage services, the market remains resilient. The Chinese government has implemented policies to stabilize industrial and supply chains, ensuring continued support for the logistics sector. The market is fragmented, with major players like Deppon Logistics, SF Express, and Sinotrans Limited holding significant shares. International collaborations and innovations, such as DHL's expansion of inter-continental connectivity and Kuehne + Nagel's decarbonization solutions, highlight the dynamic nature of the market. As China continues to navigate its net-zero journey, the logistics industry is expected to adapt and evolve, maintaining its critical role in the country's economic landscape.
China Freight and Logistics Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes 1. Market value in USD for all segments 2. Market volume for select segments viz. freight transport, CEP (courier, express, and parcel) and warehousing & storage 3.Forecasts up to 2029 and analysis of growth prospects)
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1.1 End User Industry
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1.1.1 Agriculture, Fishing, and Forestry
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1.1.2 Construction
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1.1.3 Manufacturing
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1.1.4 Oil and Gas, Mining and Quarrying
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1.1.5 Wholesale and Retail Trade
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1.1.6 Others
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1.2 Logistics Function
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1.2.1 Courier, Express, and Parcel (CEP)
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1.2.1.1 By Destination Type
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1.2.1.1.1 Domestic
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1.2.1.1.2 International
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1.2.2 Freight Forwarding
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1.2.2.1 By Mode Of Transport
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1.2.2.1.1 Air
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1.2.2.1.2 Sea and Inland Waterways
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1.2.2.1.3 Others
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1.2.3 Freight Transport
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1.2.3.1 By Mode Of Transport
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1.2.3.1.1 Air
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1.2.3.1.2 Pipelines
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1.2.3.1.3 Rail
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1.2.3.1.4 Road
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1.2.3.1.5 Sea and Inland Waterways
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1.2.4 Warehousing and Storage
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1.2.4.1 By Temperature Control
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1.2.4.1.1 Non-Temperature Controlled
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1.2.4.1.2 Temperature Controlled
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1.2.5 Other Services
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China Freight and Logistics Market Size FAQs
How big is the China Freight and Logistics Market?
The China Freight and Logistics Market size is expected to reach USD 1224.71 billion in 2024 and grow at a CAGR of 6.39% to reach USD 1776.48 billion by 2030.
What is the current China Freight and Logistics Market size?
In 2024, the China Freight and Logistics Market size is expected to reach USD 1224.71 billion.
