Market Research Report
Malaysia Road Freight Transport Market - Growth, Trends, and Forecast (2018 - 2023)
|Published by||Mordor Intelligence LLP||Product code||704932|
|Published||Content info||131 Pages
Delivery time: 2-3 business days
|Malaysia Road Freight Transport Market - Growth, Trends, and Forecast (2018 - 2023)|
|Published: August 1, 2018||Content info: 131 Pages||
The Malaysia road freight transport market is expected to expand due to growing e-commerce marketplace in the country. Developing land infrastructure in line with government's eleventh Malaysian plan and IMP3 2006 - 2020 focusing heavily on trade. From a majorly agriculture-based economy, expansion has proceeded to the degree that manufacturing is gradually emerging as a leading sector. Halal logistics has become an important part of freight and logistics in Malaysia. Malaysia's trade surplus amounted to around 22.69 billion U.S. dollars in 2017. The growing trade, especially with neighboring countries, is expected to further boost the Malaysia road freight transport market.
Intermodal Transportation Complimenting Road Freight Market
The railroad system for a port to hinterland freight in Malaysia is important. Road linkage in Malaysia covers 210 658 kilometers, of which 79 percent is paved, and 1969 km are expressways. Furthermore, rail tracks cover 2,262 km of the Malaysian peninsula. The electrified double tracks connect Ipoh-Padang Besar and Seremban-Gemas covering a large portion of dry ports, ICTs seaports, and freight terminals. Penang, Johor, and Klang being important cities for Malaysian seaports. The Malaysian road system facilitates almost 80 percent of freight logistics with the remaining portion catered by railways. Road networks connect port Klang, PTP, and Penang Port to and from the hinterland. Port Klang has a sufficient road network to connect it with every region in Malaysia such as the North-South Expressway, Klang Valley Expressway and Federal Highway 2. PTP is connected to Singapore and the main capital of Malaysia through the North-South Highway Link and Malaysia-Singapore Second Link respectively while Penang Port can be accessed through the North-South and East-West highways. Thus the development of railways in Malaysia will further boost the road freight system to increase the connectivity across the hinterland.
Government and private sector initiatives and expenditure on intermodal infrastructure have led to numerous economic benefits for Malaysia. For example, land bridging has reduced the transit time of freight of Malaysia to Bangkok from 5 days via a sea feeder to 2.5 days via rail. It is estimated that freight costs in the above scenario are 30% lower by rail. It also offers great potential in attracting motor vehicles and refrigerated cargoes from Bangkok - which, in turn, would be shipped out of Port Klang. Flow-on effects of the improvement in intermodal infrastructure have allowed Malaysia to support the distribution activities across the ports and ICDs. Furthermore, it has eased pressure and lowered the dwelling time of containers during peak hours.
Jul 2018: TASCO, a Yusen Logistics subsidiary in Malaysia, reached agreements to acquire Gold Cold Transport Sdn Bhd, Inc. (GCT) and MILS Cold Chain Logistics Sdn Bhd (MCCL), two leading cold chain logistics providers in Malaysia, under demand for refrigerated transportation and cold storage facilities for perishable products, such as fresh produce, beverages, and pharmaceuticals, is rising as a result of population growth and increased personal consumption throughout the ASEAN region.
Oct 2017: Xin Hwa Holdings Bhd's wholly-owned subsidiary Xin Hwa Trading & Transport Sdn Bhd has bagged contracts worth RM13.7 million for the Mass Rapid Transit Route II of Sungai Buloh - Serdang -Putrajaya (MRT Route II) project. Xin Hwa expects the contracts to contribute positively towards the group's earnings for the financial year ending March 31, 2018
Major Players: Some of the major players include DHL Group, Agility Malaysia, Kerry Group, CEVA Logistics (Malaysia) Co., Ltd., YUSEN LOGISTICS CO. LTD, and Schenker (Malaysia) Co., Ltd. among others.
Malaysia Road Freight Transport Market Report Summary
Malaysia Road Freight Transport Market
(2014 - 2023)
Market Size in 2017
Provided in the full report
Market Size in 2023
Over USD XX.XX billion
Provided in the full report
Largest Market Share
International segment accounts for major share of the market
TASCO, a Yusen Logistics subsidiary in Malaysia, reached agreements to acquire Gold Cold Transport Sdn Bhd, Inc. (GCT) and MILS Cold Chain Logistics Sdn Bhd (MCCL)
Xin Hwa Holdings Bhd's wholly-owned subsidiary Xin Hwa Trading & Transport Sdn Bhd has bagged contracts worth RM13.7 million for the Mass Rapid Transit Route II
DHL Group, Agility Malaysia, Kerry Group, CEVA Logistics (Malaysia) Co., Ltd., Yusen Logistics Co. Ltd - TASCO and Schenker (Malaysia) Co., Ltd. among others
Latest trends in the Malaysia Road Freight Transport Industry, growth prospects, industry competitiveness, major players, value/supply chain, regional market share, and forecast to 2023.
Reasons to Purchase the Report
To study current and future market outlook in the developed and emerging markets
Analyzing various perspectives of the market with the help of Porter's five forces analysis
Detailed analysis of the segment that is expected to dominate the market
Regions that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the market estimate sheet (in Excel)
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5. 1 MARKET COMPETITION OVERVIEW