The Logistics Industry in Malaysia is expected to contribute more than $350 Bn by 2027F owing to the Government Initiatives to Improve Cross Border Infrastructure and Malaysia's growing FTAs: Ken Research

High Demand for Road and Sea Transportation: Road Transport in Malaysia is the most preferred mode of transportation and will continue to be so in 2027F. Water transportation is also expected to grow in the future as high infrastructure investment is undertaken by the government to improve the state of maritime logistics in the country. Demand for Road transportation from manufacturing sector, FMCG companies, and automotive players is rapidly increasing in Malaysia due to increasing production capacities by top players in the country. Moreover, many 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 their supply chain and technology in the future.

India, 11/01/2023 (informazione.news - comunicati stampa - trasporti)

Road Transport in Malaysia is the most preferred mode of transportation and will continue to be so in 2027F. Water transportation is also expected to grow in the future as high infrastructure investment is undertaken by the government to improve the state of maritime logistics in the country. Demand for Road transportation from manufacturing sector, FMCG companies, and automotive players is rapidly increasing in Malaysia due to increasing production capacities by top players in the country. Moreover, many 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 their supply chain and technology in the future.

In the upcoming years due to the increase in outsourcing by various businesses and the quick delivery options offered by 3PL providers, the market is anticipated to expand at a significant rate. The supply chain's optimization and corporate efforts to reduce costs are anticipated to fuel market expansion. Additionally, a supportive environment for 3PL businesses in Malaysia is expected to draw more foreign competitors, fostering competitiveness and opening up new market prospects.

Analysts at Ken Research in their latest publication  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%.

The Philippines Logistics Market is expected to witness significant growth during the period 2022P-2027F, owing to new players entering the market and various technological advancements like robots. The revenue of the logistics market in the Philippines is expected to increase over the forecasted period due to high demand for e-commerce, tech-enabled warehouses and cold storage services. Also, strong initiatives by the government to improve transportation and connectivity in the region will boost the logistics market in the country.

The Netherlands Logistics market is projected to witness a robust CAGR during 2022 to 2027F. Driven by world-class seaports, centrally located airports, and an extensive, and modern network of roads and highways, the Netherlands Logistics Industry will witness growth in the coming years. Moreover, the country's geographical location makes it possible to reach around 170 million consumers within 24 hours. These factors support the growth of the freight logistics and transport sector.

The Pakistan Logistics Market is projected to show a significant growth, to contribute ~ Bn by 2027F with increase in demand, and government initiatives. The growth rate of total fleet size is anticipated to increase over the period with surge in working class population along with government incentives and policies.

The Thailand E-Commerce Logistics Market witnessed significant growth during the period 2017-2021, largely due to growth in online shopping and entry of new players. The growth of Thailand's logistics sector is also being supported by booming exports with automotive, agribusiness, chemicals and electronics being in-demand industries at the moment.

According to Ken Research estimates, the South Korea E-Commerce Logistics Market – which grew from approximately $ ~12 Bn in 2018 to approximately $ ~13 Bn in 2021 – is forecasted to grow further into $ ~16 Bn opportunity by 2026F, owing to internet penetration, government initiative, time spend on internet and improved logistics.

 

Ken Research Private Limited
Ankur Gupta , Director Strategy and Growth

+91-9015378249

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