Rapid Growth Forecasted for Malaysia Logistics Market, Expecting 5.4% CAGR by 2030

A Quick Overview of Malaysia Logistics Market

The key object of this report on the Malaysia Logistics Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

According to the latest report, the Malaysia’s Logistics Market size is estimated to be around USD 28.88 billion in 2024. It is further expected to grow at a CAGR of around 5.4% from 2024 to 2030. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data.

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Market Dynamics:

Driver-

Rising Trade Agreements With Other Nations Enhances the Market Growth – The appropriate geographic location of Malaysia makes it a perfect trading destination since it connects the Indian Ocean to the west and the Pacific Ocean to the east. Along with this, the governing bodies of Malaysia have also recognized the importance of international trade since it helps in boosting the country’s economy. Based on the statistics by Exinpedia, the country exported goods worth USD312.7 Billion in 2023. Therefore, the authorities are increasingly signing trade pacts with countries, such as Australia, Chile, India, etc., and encouraging the exports of the products.

The trading of the products requires logistics services to handle cross-border transportation, customs clearance, and international shipping. Also, the foreign ministries are laying plans to make Malaysia a top exporter by signing agreements like the ASEAN Free Trade Area (AFTA), the Malaysia-Iran Preferential Trade Agreement (MIPTA), etc. Thus, with more trade activities in Malaysia, there would be a need for logistics services that help in inventory management, and improve supply chain solutions.

Malaysia Logistics Market Report Segmentation:

The report by MarkNtel Advisors on Malaysia Logistics Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Model

First-Party Logistics (1 PL)- Market Size Forecast 2019-2030F, USD Million
Second-Party Logistics (2 PL)- Market Size Forecast 2019-2030F, USD Million
Third-Party Logistics (3 PL)- Market Size Forecast 2019-2030F, USD Million
Fourth-Party Logistics (4 PL)- Market Size Forecast 2019-2030F, USD Million

Among them, 3 PL holds a dominant market share owing to the advantages offered by these services. This particular logistics model helps in providing a comprehensive range of logistics services to the customers. Along with this, the third-party logistics providers also manage the functions on behalf of the end-users, often integrating with the client’s supply chain systems. Therefore, the problems or queries related to the supply chain are resolved by the logistics service provider rather than the end-users.

By Transportation Mode

Air- Market Size Forecast 2019-2030F, USD Million
Rail- Market Size Forecast 2019-2030F, USD Million
Road- Market Size Forecast 2019-2030F, USD Million
Sea and Inland Waterways- Market Size Forecast 2019-2030F, USD Million

By End User

Healthcare Pharmaceuticals- Market Size Forecast 2019-2030F, USD Million
Construction- Market Size Forecast 2019-2030F, USD Million
Energy Chemicals- Market Size Forecast 2019-2030F, USD Million
Retail E-Commerce- Market Size Forecast 2019-2030F, USD Million
Food Beverage- Market Size Forecast 2019-2030F, USD Million
Consumers Goods- Market Size Forecast 2019-2030F, USD Million
Others (Automotive, Semiconductor, etc.)- Market Size Forecast 2019-2030F, USD Million

By Region

North
South
East
Central
Sarawak
Sabah

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Some of the Top Malaysia Logistics Companies in the Market

In the fast-changing Malaysia Logistics Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top players of the industry ruling the industry are:

City-Link Express (M) Sdn Bhd
CJ Logistics Corporation
DB Schenker
FedEx
DHL Group
Hextar Technologies Solutions Berhad
Pos Malaysia Bhd
Keretapi Tanah Melayu Berhad
Kuehne + Nagel
MMC Corporation Berhad
Others

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