Peninsular Malaysia has the highest constitution of Logistics Infrastructure due to the Presence of Major Malaysian Cities in the Region, while the government is taking initiatives to improve East Malaysia’s Logistics Network.
Inland ports as the Gateway of Trade: Inland ports in Malaysia are crucial to the nation's system of freight transportation since they serve as the country's entry points for exporters and importers. Because of this, Malaysia's logistics industry is expanding and is responsible for 4-6% of the nation's GDP. F&B, Manufacturing, Electronics, Automotive, Pharma, and other sectors are important revenue generators for Malaysia's logistics market. Some of the major inland ports are Ipoh, Batu Pahat, Nilai and more.
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Technological Advancements with Government Initiatives: The Malaysian government has prioritized the logistics sector in order to promote sector growth. The Third Industrial Masterplan (IMP3) and the Logistics and Trade Facilitation Masterplan were two of the government's initiatives. Moreover, the expansion of a number of industries, including food and beverage, consumer products, electronics, and others, has prompted the adoption of a number of new technologies in the logistics sector. For instance, cloud-based platforms seamlessly connect essential logistics supply chain components, and various digital workflow solutions have contributed to the expansion of Malaysia's logistics business.
The Mission of the Malaysian government: In Malaysia, the transport ministry's mission is to improve people's quality of life and support a competitive economy by moving people and goods across the country in an efficient and sustainable manner. In addition, the Royal Malaysian Customs Department is implementing policies established by the department and the government regarding industries, import, export, and border control. Warehousing Management and Control Unit, Licensing Manufacturing Warehouse Management & Control Unit, and others are included which they have to take care of.
Analysts at Ken Research in their latest publication “Malaysia Logistics Market Outlook to 2027F- Driven by the Rising Demand from Manufacturing, F&B, Retail, and other industries along with increasing Government Initiatives to Strengthen the Logistics Infrastructure” observed that Malaysia Logistics Market is in its growing phase. Increasing demand for food, beverages, and manufacturing products in Malaysia, Government support through Third Industrial Masterplan (IMP3) and the Logistics and Trade Facilitation Masterplan are some of the factors that will contribute to the Malaysia Logistics Market growth over the period of 2022-2027F with a CAGR of 7.8%.
Key Segments Covered in the report
Malaysia Logistic Market
Malaysia Freight Forwarding Market
Malaysia Land Transportation Market
Malaysia Warehousing Market
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Malaysia 3PL Market
Malaysia Courier and Parcel Market
Key Target Audience
Time Period Captured in the Report:
Companies Covered:
Key Topics Covered in the Report
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Logistics Services in Malaysia
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