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.
- Automotive, Mobility & Logistics
- Warehousing, Supply Chain & Logistics
- Micro Fulfillment Market Outlook
- Warehousing, Supply Chain & Logistics
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)
Global Market
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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
Micro Fulfillment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Honeywell International Inc | View profile | 95,000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | www.honeywell.com |
| KION GROUP AG | View profile | 42,325 | Thea-Rasche-Strasse 8, Frankfurt am Main, HE, Germany, 60549 | www.kiongroup.com |
| Walmart Inc | View profile | 2,100,000 | 702 S.W. 8th Street, Bentonville, AR, United States, 72716 | stock.walmart.com |
| OPEX Corporation | View profile | 1001-5000 | Moorestown, New Jersey, United States, North America | www.opex.com |
| Swisslog | View profile | 5001-10000 | Buchs, Inner-Rhoden, Switzerland, Europe | swisslog.com |
| Exotec | View profile | 501-1000 | Lille, Nord-Pas-de-Calais, France, Europe | www.exotec.com/ |
| TakeOff | View profile | 101-250 | Waltham, Massachusetts, United States, North America | www.takeoff.com |
| TGW Logistics Group | View profile | 1001-5000 | Marchtrenk, Oberosterreich, Austria, Europe | www.tgw-group.com |
| Fabric | View profile | 251-500 | New York, New York, United States, North America | getfabric.com |
| AutoStore | View profile | 501-1000 | Vatne, More og Romsdal, Norway, Europe | autostoresystem.com |
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 Outlook 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 Market Component Outlook (Revenue, USD Million , 2017-2030)
- Hardware
- Software
- Services
- China Micro Fulfillment Market Type Outlook (Revenue, USD Million , 2017-2030)
- Standalone
- Store-integrated/in Store
- Dark Stores
- China Micro Fulfillment Market End-user Outlook (Revenue, USD Million , 2017-2030)
- E-commerce
- Traditional Retailers & Distributors
- Manufacturers
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Horizon Databook provides a detailed overview of country-level data and insights on the China Micro Fulfillment Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Micro Fulfillment Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
China Micro Fulfillment Market, 2017-2030 (US$M)
China micro fulfillment market statistics, by component, 2017-2030 (US$M)
