Availability
of excellent freight infrastructure, growth of FMCG, retail & manufacturing
industries, and supportive legislative framework were the key factors driving
growth of Malaysia Logistics Market.
Malaysia ranked 32nd globally, by the 2016
logistics performance index and it is the world’s 24th largest trading nation
which makes the logistics industry of the country paramount. Logistics has played
a crucial role in the trade and economic growth of the country as Malaysia is a
trade-dependent and export-oriented economy. Australian companies preferred
Malaysia as a key country to establish operations in ASEAN with trade
accounting for USD 15 billion between the countries during 2016. The
geographical location, business connectivity and economic growth have further
aided the logistics industry of the country. The country is strategically
located in the center of economic activity, surrounded by the growing ASEAN
community and several emerging Asian economies. Malaysia is situated within a
six-hour flight to countries that account for 30% of the total global gross
domestic product, which includes Asian countries, India, China, Korea and Japan
which has further aided the growth of logistics industry.
The report titled “Malaysia
Logistics Market by Service Mix (Freight Forwarding Market, Warehousing Market
and Value Added Services), by Third Party Logistics, by Cold Chain Logistics,
By Express Delivery Logistics and by Industries (Oil & Gas, Engineering
Equipment, Food & Beverages, Metals, Automotive and Others) - Outlook to
2022” by Ken Research suggested that increasing government initiatives
and growing e-commerce industry will
majorly contribute to the overall revenue growth of Malaysia logistics market
in next 5 years till 2022.
Key Topics
Covered in the Report
Cold Storage Warehouses in Malaysia
Cold Storage Warehouses in Malaysia
Cold Transport Services in Malaysia
Logistics Infrastructure in Malaysia
Freight Forwarding Companies in Malaysia
3PL Companies in Malaysia
DB Schenker Market Share
Deutsche Post DHL Group Fleet Size
For more
information on the research report, refer to below link:
Related
Reports by Ken Research
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