Home / All / Industry FAQs /

Cold storage manufacturing industry market in China

Cold storage manufacturing industry market in China

Update Time:2021/2/24

Cold storage manufacturing industry market in China


       Cold storage is one of the important infrastructures in the cold chain logistics industry. In recent years, the quantity of cold storage in China has increased, but compared with the huge market demand is still insufficient. According to data from China Internet of Things, the demand for cold storage in the first half of 2018 exceeded 1.5 million square meters, up 14.9% year on year. At present, domestic cold storage demand is mainly concentrated in Beijing, Shanghai, Guangzhou and Shenzhen, as well as Fujian, Tianjin, Zhejiang, Jiangsu, Shandong, Chongqing, and Henan.


 

(The darker the color, the greater the demand)

 

       Cold storage, as an important tool in cold chain logistics, is related to a number of market segments. Among them, the third-party logistics enterprises have the largest demand for multi-cold storage, while the food processing enterprises have the smallest demand.

 

       The demand for cold storage is growing day by day, and the concentrated area of the cold storage leasing market is close to the demand concentrated area. According to incomplete statistics, in the first half of 2018, the rentable area of cold storage in China exceeded 3.3 million square meters, with a year-on-year growth of 12.1%. The range of rental cold storage is mainly concentrated in Beijing, Shanghai, Guangzhou and Shenzhen, as well as Hubei, Shandong, Jiangsu, Liaoning, Shandong, and Henan.


 

(The darker the color, the greater the demand)

 

Through the comparison of cold storage demand heat map and cold storage rental heat map, it can be seen that the domestic cold storage supply and demand pattern has the following characteristics:

 

       The supply and demand of cities such as Beijing, Shanghai and Guangzhou are flourishing. Fujian, Zhejiang, Guizhou, and Henan have strong demand and insufficient cold storage. These are mainly second-tier provincial capitals, which will face a new round of rapid economic development and consumption upgrading, and the cold storage market will further expand in the future.

       Hubei, Hunan, Shandong and others are relatively surplus cold storage. First of all, in the cold storage business, to find the right positioning to achieve differentiation. Secondly, the cold storage surplus is not only because of less demand, but also may be because the cold storage itself can not meet the demand.

 

The materials and analysis are from the "2018-2023 China Cold Storage Market Prospects and Investment Opportunities Research Report" released by China Institute of Commerce and Industry.