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Vietnam Warehousing Market

Vietnam Warehousing Market Size, Share, Analysis, Growth, Report, Forecast 2023-2028

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The new report by Expert Market Research titled, ‘Vietnam Warehousing Market Growth, Share, Price, Trends, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the Vietnam warehousing market, assessing the market based on its segments like end use, ownership, type, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

The key highlights of the report include:

Market Overview (2018-2028)

Forecast CAGR (2023-2028): 11%

Warehousing is essential to the effective operation of a supply chain network and the fulfilment of domestic and foreign consumer demands. Since Vietnam is a developing country with rapid urbanization, warehousing facilities have greatly improved in the region. Warehousing promotes mass production and lowers tariff barriers, resulting in cost-competitiveness, economies of scale and reach, lower labor costs, and technical convergence, among other advantages.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/vietnam-warehousing-market/requestsample

Furthermore, the country’s rising e-commerce penetration is fueling market growth even more. The increasing shift toward automation and the establishment of automated warehouses in the country are expected to significantly contribute to the growth of the Vietnam warehousing industry over the forecast period.

Industry Definition and Major Segments

A warehouse is essentially a commercial structure or a large space/godown where bulk products are housed and stored. Its primary purpose is to control the delivery of goods and to avoid accidents and liabilities that may occur if these goods are not adequately or securely stored. Sorting, packaging, labeling, and other tasks are made easier with the aid of a warehouse.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/vietnam-warehousing-market

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Based on type, Vietnam warehousing market can be divided into:

General Warehousing
Cold Storage Warehousing
Others

Based on ownership, Vietnam warehousing market can be divided into:

Bonded Warehouses
Non-Bonded Warehouses
Others

By End Use, the market can be divided into:

Consumer Goods
Textile and Footwear
Retail
Food and Beverage
Healthcare
Chemicals
Others

Market Trends

The country’s booming manufacturing, retail, FMCG, and advent of third-party logistics and super grid logistics sectors drive the warehousing industry. Furthermore, government policies that encourage market growth, such as the establishment of logistic parks and free trade warehouse zones, are expected to fuel market growth. Besides, technological advances in the warehousing industry, such as the launch of AI, IoT, and 3D printing, among others, are expected to generate lucrative opportunities in the coming years.

However, due to the strict lockdown measures and reduced manufacturing activities, the sudden outbreak and spread of COVID-19 would have a short-term effect on warehousing demand. Furthermore, it will assist in the strengthening of the Vietnams warehousing industry because of consumers’ changing preferences from offline to online shopping to adhere to social distancing norms.

Key Market Players

The major players in the market are Sumitomo Warehouse (Vietnam) Co., Ltd., Fnm Shipping Vietnam, Yusen Logistics Co., Ltd., Vinatech Group, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

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EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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