DUBLIN--(BUSINESS WIRE)--The "Malaysia Freight & Logistics Market Study - Market Trends, Analysis & Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
The Malaysian freight & logistics market was estimated to be worth USD 53.45 billion in 2017. The Malaysian freight forwarding industry is highly competitive, due to a large degree of fragmentation in the market. Despite the fragmentation, the market is largely tied by the regulatory requirements for establishment and operation.
Malaysia has a total coastline of 4,675 km, and peninsular Malaysia has 2,068 km, while East Malaysia has 2,607 km of coastline. Malaysia has the 29th longest coastline in the world.
Port Klang saw 10.8% growth in 2016, registering 13.17 million twenty-foot equivalent units (TEUs) in container-handling, compared to 11.89 million TEUs in 2015. Port Klang accounted for the largest share of sea cargo through Malaysia.
Among the ports in Malaysia, Kelang and Tanjung Pelepas account for the largest volume share of container throughput, which was about 86.9% in 2016. Kelang had the highest volume share of 53.2% and Miri accounted for the smallest volume share of 0.1% in 2016.
The demand for contract logistics in Malaysia is driven by the growth in e-commerce and pharmaceutical sectors. Several multinational companies have expanded their presence across the country to serve the supply chain. Also, the preference for same-day delivery has created a shift toward local courier services that are closer to end users.
- DB Schenker
- Yusen Logistics
- Xin Hwa
- Century Logistics
- Tiong Nam Logistics Holdings and Ceva
Key Topics Covered:
2. Market Overview
3. Market Dynamics
4. Malaysia Freight & logistics Market Insights, by Mode of Freight Transport Forecast
5. Malaysia Freight & Logistics Market Insights, by Function Forecast
6. Malaysia Freight & Logistics Market Insights, by End User Forecast
7. Key Company Players
8. Investment Outlook
For more information about this report visit https://www.researchandmarkets.com/research/9bm3ck/malaysia_freight?w=4