How Malaysia Logistics Market Is Positioned?
Overview: Malaysia Logistics Market comprises of both organized and unorganized players which provide both logistics and warehousing services in the country. They consist of a combination of shipping, international freight forwarding companies which combine with courier service providers primarily engaged inland transport and complete logistics services providers that operate on a multimodal transport model. Due to high growth in e-commerce and manufacturing sector, players have begun turning to 3PL (Third Party Logistics). They have also been witnessed to adopt new technology. In 2014, Malaysia bagged the overall rank of 25 on the LPI index but plunged to 41st position in 2018 due to a significant decline in infrastructural development of the country.
Market: The market has been continuously growing. In recent years, the market share of third-party logistics has been growing at a significant rate in the country. Malaysia logistics industry has shown remarkable growth over the last five years recording a CAGR of ~% owing to the country strongly investing and upgrading its transportation services and being open to collaboration. The freight forwarding sector is the leading segment towards the revenues of the logistics industry, followed by warehousing and courier and parcel activities. The other sectors include cold chain, e-commerce deliveries, and 3PL market.
Malaysia Logistics and Warehousing Market
By Service Mix: Freight forwarding segment has dominated the logistics industry of Malaysia and has grown at a five-year CAGR of ~% during the period 2013-2018. The market was witnessed to grow from MYR ~ billion in 2013 to MYR ~ billion in 2018. This is primarily due to rising demand for transportation of goods from one place to another and increasing export and import value has positively impacted the freight forwarding industry of the country. Warehousing is the second largest contributor in the logistics industry of Malaysia and reached MYR ~ billion in 2018 owing to an increasing number of industries. Courier and parcel market acquired a revenue share of MYR ~ billion in the year 2018 which was an increment from 2013. This is primarily due to confident long term prospects of the Malaysian courier market owing to growth in the rise in online shopping.
How Is Malaysia Freight Forwarding Market Positioned?
Freight forwarding industry witnessed significant growth in the past few years. Expanding manufacturing sector, FMCG sector, retail sector, and e-commerce industry in the country have attributed to the phenomenal growth in the sector during the period 2013-2018. The industry dominated the logistics market. Developments made by companies such as establishment and expansion of warehouse area by the companies have positively impacted the market. Freight forwarding accounts for ~% of the total value of the goods.
The market witnessed tremendous growth during 2013-2018. It increased from MYR ~ billion in 2013 to MYR ~ billion in 2018. The logistics industry in Malaysia has evolved over the last 3 years. The economy of the country is growing at a rate of ~% and ~%, driving the growth of the freight forwarding industry.
The growth in the freight forwarding the market can be attributed to development in major industries such as manufacturing, retail, wholesale, construction, agriculture, and mining. Expanding the FMCG sector, retail sector, food, and E-commerce industry in the country have boosted the extraordinary growth in the freight forwarding industry in Malaysia. Malaysia is among the top 25 import and export destination in the world. The major flow corridors for the country include China, Singapore, The United States, Japan, and others.
Malaysia Freight Forwarding Market Segmentation
By Mode of Service: Malaysia freight forwarding market was dominated by land freight. It acquired the highest share of ~% owing to the high number of deliveries that take place through roads. Airfreight acquired the second-largest share of ~% in the year 2018 in the freight forwarding market growing at a slow pace during the period. Sea freight was witnessed to grow at a faster pace during the period 2013-2018 due to increasing infrastructure investment by the government and acquired a share of ~% by the year 2018.
By Mode of Freight: This includes domestic and international freight. International freight involves transportation of freight by road, rail air or sea from Malaysia to other countries. In terms of revenue, international freight forwarding contributed the majority share of ~% in 2018. The remaining share of ~% was occupied by domestic freight in 2018.
By Flow Corridors: Asian Countries flow corridor is the largest contributor in terms of revenue in the freight forwarding market owing to the free trade agreement. It was witnessed to account for ~% share in case of sea freight and ~% share in case of air freight as of 2018. North American countries contributed ~% revenue share in the freight forwarding market by sea and ~% revenue share by air. European countries contributed ~% in terms of air freight but ~% in terms of sea freight as of 2018. Other flow corridors include Oceania, South American and Middle Eastern and African countries which accounted for ~% in terms of air freight and ~% in terms of sea freight.
By End Users: Malaysia’s manufacturing industry was evaluated to contribute ~ % in the country’s GDP as of 2018 which has positively impacted the freight forwarding market. The manufacturing sector dominated the freight forwarding market in Malaysia. Food and beverage industry has also impacted the freight forwarding market in Malaysia positively due to growing demand for packaged food and perishable goods. It acquired the second-highest revenue share of ~% in 2018. The revenue share of the automotive sector has remained buoyant in the freight forwarding market and acquired the third-highest share of ~% in 2018. The other sectors include consumer retail, construction; chemicals and others which acquire the remaining ~% share in the overall Malaysia logistics market and contributed revenue of MYR ~ billion.
By 3PL and Integrated Logistics: Third-Party Logistics dominated the freight forwarding market of Malaysia in 2018 as most companies preferred to undertake third party logistics for providing freight forwarding solutions to their clients.
The market share held by a 3PL business in Malaysia, Freight Forwarding market was evaluated to be ~% in the year 2018 whereas; integrated logistics business in the country acquired a much lesser revenue share of ~%.
Future Outlook
The freight forwarding market of Malaysia is expected to dominate the logistics market of the country in the future and grow at a five-year CAGR of ~% during the forecast period 2018-2023E. New players are expected to enter the market while the existing players are expected to expand their current revenue share. The freight forwarding companies in Malaysia are also expected to improve its supply chain and technology in the future.
Key Segments Covered:-
Logistics and Warehousing:
By Service Mix (Freight Forwarding, Warehousing and Courier and Parcel Activities)
Freight Forwarding:-
By Mode of Service (Land Freight, Sea Freight, and Air Freight)
By Mode of Freight (Domestic and International Freight Forwarding)
By Flow Corridors (Asian Countries, North American Countries, European Countries, and Others)
By End Users (Food and Beverages, Automotive, Manufacturing, and Others)
By Third Party Logistics and Integrated Logistics
Courier and Parcel:-
By Air and Ground Express
By Domestic and International Shipments
By Delivery Period (One Day Delivery, Two Day Delivery, Three Day Delivery, and More than Three Day Delivery)
By Intra City and InterCity
By Market Structure (B2B, B2C, and C2C Segments)
By Region (Central, Southern, Northern, Eastern Coast & East Malaysia)
By Onshore and Offshore Shipments
E-Commerce:
By Delivery Period (Same Day Delivery, Next Day Delivery, Two Day and More than Two Day Delivery)
By Area of Delivery (Intracity and Intercity Shipments)
Third-Party Logistics:
By Service Mix (Freight Forwarding and Warehousing)
Warehousing:
By Business Model (Industrial/Retail, Container Freight/Inland Container Depot, and Cold Storage)
By Geography (Central, Southern, Northern and Eastern Coast & East Malaysia)
By Type of Warehouses (Closed Warehouses and Open Yards)
By Third Party Logistics and Integrated Logistics
By End Users (Food and Beverages, Manufacturing, Automotive, Consumer Retail, and Others)
Cold Chain
By Cold Storage and Cold Transport
Key Target Audience:-
Logistics Companies
Warehousing Companies
Cold Chain Companies
Courier and Parcel Companies
Express Logistics Companies
E-Commerce Logistics Companies
E-Commerce Companies
Logistics Association
Government Association
Investors and Private Equity Companies
Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2019-2023
Key Companies Covered:-
Freight Forwarding and Warehousing Market:-
DHL
Kuehne + Nagel
Tiong Nam Logistics
TASCO Berhad
CEVA Logistics
DB Schenker
Agility Logistics
CJ Logistics
POS Malaysia
Nippon Express
DKSH
FedEx
Courier and Parcel Market
POS Malaysia
GD Express
E-Commerce Logistics Market
Lazada Express
Ninja Van
POS Logistics
DHL E-Commerce
The Lorry
Skynet
ABX Express
J&T Express
Keywords:-
Freight Forwarding Market Malaysia
Malaysia Freight Forwarding Market Size
Malaysia Logistics Market Competition
Malaysia E-Commerce Logistics Market Size
Malaysia Logistics Market Future Outlook
Malaysia 3PL Logistics Market
Road Freight Industry Malaysia
Contract Logistics Freight Malaysia
Cold Chain Market Malaysia
Transport Infrastructure Malaysia
Logistics Services in Malaysia
Freight Forwarders Malaysia Logistics Industry
Logistics Companies Malaysia
Major Players Express Delivery Malaysia
Warehousing Services in Malaysia
Warehousing Type Malaysia
Malaysia Cold Storage Warehouse
Third-Party Logistics Malaysia
For More Information On The Research Report, Refer To Below Link:-
Related Reports by Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
No comments:
Post a Comment