The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Malaysia Logistics Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Malaysia Logistics Industry (2024-2030):

According to the latest report, The Malaysia Logistics Market  is estimated to be around USD 28.88 billion in 2024. It is further expected to grow at a CAGR of around 5.4% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Malaysia Logistics industry.

Key Takeaways: Beneficial for Stakeholders and Clients:

·       Historical Data: 2019-22

·       Base Year: 2023

·       Forecast Period: 2024-30

·       CAGR (2024-30): 5.4%

·       Market Value (2024): USD 28.88 billion

What are the major Driver the Malaysia Logistics industry?

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.

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Malaysia Logistics Market Segmentation

The Malaysia Logistics Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

• 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
• 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

As per the regional aspect, the Malaysia Logistics Market is expected to be dominated by Malaysia by capturing the potential market share.

Explore further details about this research report - https://www.marknteladvisors.com/research-library/malaysia-logistics-market.html

Top Companies in the Malaysia Logistics Market

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, among others

Malaysia Logistics Industry Recent Development:

2024: FedEx: Announced its plans to expand its business in Malaysia and focus on the delivery of the products via air freight by using the existing facilities at several airports

2023: City-Link Express (M) Sdn Bhd:  Partnered with XL Holdings to expand chilled, frozen goods delivery services across the country.

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