According to SPER Market Research, the Vietnam Warehousing Market is estimated to reach USD XX billion by 2032 with a CAGR of 11.23%. The Vietnamese warehousing market was valued in billions of dollars in terms of revenue production. A gain was seen in the market, which was shown to increase. With a steady rise in organized retail or modern shopping across the nation over the past few years, Vietnam’s retail market has been developing quickly. Vietnamese consumers have an increasing need for warehousing services as a result of the country’s growing middle class, sizable young population, and thriving tourism industry. In order to reduce waste and inconsistencies that hinder production overall, “Just-in-Time” and “Just-in-Case” manufacturing procedures are becoming more popular throughout the world’s warehousing industry, including Vietnam.
The lack of enough space in the ports, IDC, and CFS is expected to result in an increase in demand for warehousing services over the course of the projection period, driving revenue growth in the billions for the Vietnam warehousing industry. Growing cross-border trade between Vietnam, Laos, and Cambodia will boost the Vietnamese warehousing sector for efficient storage requirements.
Vietnam Warehousing Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 11.23%
- Forecast Market Size (2032): XX billion
Demand for climate-controlled warehouses has increased recently on a global scale. Using cold storage facilities helps to prolong the shelf life of such products because many consumables are perishable but need to be kept for longer periods of time. Also, it enables businesses and merchants to plan their operations around seasonal produce’s availability and demand. Also, these warehouses are perfect for goods that need particular treatment, such as flowers, medicines, and other items.
Vietnam has a vibrant population, a developing economy, and a burgeoning middle class. The Southeast Asian warehousing business, which is expanding, is a source of support for the Vietnamese economy. Vietnam is one of the most rapidly developing nations in East Asia, making warehousing facilities including public and private warehouses, cold chains, container yards, and others crucial to ensuring the country’s development. Furthermore, the growth of public-private partnerships enables companies to broaden their offerings to incorporate other logistics functions including transportation, inventory management, and customer services. This is helping the Vietnam warehousing business to expand, as is the increasing penetration of major players.
Impact of COVID-19 on the Vietnam Warehousing Market
Wearing masks, maintaining a 6-foot separation from others, and remote learning are examples of COVID components that are (hopefully) temporary, whereas other components are part of it for good. The consequences of COVID on the warehouse will be significant and long-lasting. The COVID variances and surges that continue to appear in various parts of the world are making it difficult for the global supply chain and labour pool to keep up. Flexibility is essential for warehouses to survive in this unsteady environment. Some businesses are experiencing unprecedented demand, while demand in other industries is declining, as a result of a combination of an erratic supply chain and shifting consumer behaviour. Warehouses are making adjustments to best fulfil consumer demand while we wait for the supply chain to normalize.
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Vietnam Warehousing Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
- Cold Storage Warehousing
- General Warehousing
- Bonded Warehouses
- Non-Bonded Warehouses
By End User:
- Consumer Goods
- Food and Beverage
- Textile and Footwear
- Wooden Products
- Central Vietnam
- North Vietnam
- Southern Vietnam
This report also provides the data for key regional segments of Central Vietnam, North Vietnam, Southern Vietnam.
Vietnam Warehousing Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Bac Ky Logistics Vietnam, Damco Vietnam, Kerry Logistics Vietnam, Nippon Express Vietnam, Noi Bai Cargo Terminal Services, Sea and Air Freight International, Sotrans Vietnam, Transimex Saigon Corporation, Vinafco, Vinalink Logistics.
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