The Malaysia freight logistics market size was valued at USD 36 billion in 2020 and is anticipated to reach USD 54 billion by 2028, expanding at a CAGR of 3.8% during the forecast period, 2021–2028. The growth of the market is attributed to the Belt and Road Initiative, launched by China, which has sparked the growth of trade between neighboring nations, boosting Malaysia's logistics business.
Freight referred to any form of products, objects, or commodities that are delivered in bulk by air, surface, or sea/ocean transportation. The total process of controlling how resources are bought, stored, and delivered to their final destination is referred to as logistics. Malaysia’s logistics business has progressed in recent years. Companies are benefiting from the expansion of e-commerce in the country. Due to the extremely high margins and increased demand, businesses are becoming more interested in developing sectors such as cold chain logistics, last-mile delivery services.
Malaysia has a trade-dependent economy that generates significant flows of commercial activity to and from global markets, particularly in the region. Supporting major industries such as oil, manufacturing, and gas is one that logistics is concerned about.
Key Players Covered in the Report
CEVA Logistics; City-Link Express (M) Sdn Bhd; CJ Century Logistics Holdings Berhad; Complete Logistic Services Bhd; Deutsche Post DHL Group; GD Express Carrier Berhad; Kerry Logistics Network Limited; KTM Berhad; MMC Corporation Berhad; Nippon Express Co. Ltd; PKT Logistics Group Sdn Bhd; Pos Malaysia Bhd; Tiong Nam Logistics Holdings Bhd; TransOcean Holdings Bhd; and Xin Hwa Holdings Berhad
Malaysia Freight Logistics Market Segment Insights
Based on functions, the Malaysia freight logistics market is divided into freight forwarding, freight transport, warehousing, and value-added services, and others. The freight forwarding segment is expected to account for a key share of the market during the forecast period owing to the behalf of shippers, freight forwarders are responsible for organizing international transportation and customs clearance. Shippers can have a significant logistical burden without forwarders, which can be adverse to the global market's overall productivity.
On the basis of end-users, the market is segmented into manufacturing and automotive, oil and gas, mining and quarrying, agriculture, fishing, and forestry, constructions, distributive trades, and others. The manufacturing, oil, and gas segment is expected to constitute a key share of the market in the coming years.
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