China Micro Fulfillment Market Size & Outlook, 2023-2030
The micro fulfillment market in China is expected to reach a projected revenue of US$ 3,091.5 million by 2030. A compound annual growth rate of 36.8% is expected of China micro fulfillment market from 2024 to 2030.
Revenue, 2023 (US$M)
$344.8
Forecast, 2030 (US$M)
$3,091.5
CAGR, 2024 - 2030
36.8%
Report Coverage
China
China micro fulfillment market, 2017-2030 (US$M)
Related Markets
China micro fulfillment market highlights
- The China micro fulfillment market generated a revenue of USD 344.8 million in 2023 and is expected to reach USD 3,091.5 million by 2030.
- The China market is expected to grow at a CAGR of 36.8% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Micro fulfillment market data book summary
| Market revenue in 2023 | USD 344.8 million |
| Market revenue in 2030 | USD 3,091.5 million |
| Growth rate | 36.8% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Walmart Inc, Honeywell International Inc, KION GROUP AG, OPEX Corporation, Swisslog, Exotec, TakeOff, TGW Logistics Group, Fabric, AutoStore |
Other key industry trends
- In terms of revenue, China accounted for 7.4% of the global micro fulfillment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China micro fulfillment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,261.3 million by 2030.
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Micro Fulfillment Market Scope
Micro fulfillment market segmentation & scope
Automated Storage and Retrieval Systems (AS/RS)
Automated Guided Vehicles/Autonomous Mobile Robot (AGV/AMR)
Conveyor Systems
Sortation Systems
Warehouse Management System
Order Management
Asset Management
Delivery & Transport Management
Professional Services
Managed Services
Micro Fulfillment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China micro fulfillment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to micro fulfillment market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 58.09% in 2023. Horizon Databook has segmented the China micro fulfillment market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
- China Micro Fulfillment Component Outlook (Revenue, USD Million, 2017-2030)
- Hardware
- Automated Storage and Retrieval Systems (AS/RS)
- Automated Guided Vehicles/Autonomous Mobile Robot (AGV/AMR)
- Conveyor Systems
- Sortation Systems
- Software
- Warehouse Management System
- Order Management
- Asset Management
- Delivery & Transport Management
- Services
- Professional Services
- Managed Services
- Hardware
- China Micro Fulfillment Type Outlook (Revenue, USD Million, 2017-2030)
- Standalone
- Store-integrated/in Store
- Dark Stores
- China Micro Fulfillment End-user Outlook (Revenue, USD Million, 2017-2030)
- E-commerce
- Traditional Retailers & Distributors
- Manufacturers
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Target buyers of China micro fulfillment market databook
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Our clientele includes a mix of micro fulfillment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China micro fulfillment market , including forecasts for subscribers. This country databook contains high-level insights into China micro fulfillment market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China micro fulfillment market size, by component, 2017-2030 (US$M)
China Micro Fulfillment Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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