Malaysia Freight & Logistics Market Future Outlook 2023 | DB Schenker, DHL, Yusen Logistics, Sinotrans

Malaysia Freight & Logistics Market: Size, Trends & Forecasts (2019-2023): The report presents an in-depth assessment of the Malaysia Freight & Logistics including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Malaysia Freight & Logistics investments from 2019 till 2023

Overview: 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. For instance, Royal Malaysian Customs departments issuance of license is mandatory to operate in the custom brokerage services in Malaysia.

Major Key Players: DB Schenker, DHL, Yusen Logistics, Sinotrans, Tasco, Tiong Nam Logistics Holdings, Xin Hwa, CEA Project Logistics, and Ceva, amongst others.

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Insights on the Shipping Industry

Malaysia has a total coastline of 4,675 km (2,905 mi), and peninsular Malaysia has 2,068 km (1,285 mi), while East Malaysia has 2,607 km (1,620 mi) of coastline. Malaysia has the 29th longest coastline in the world. The prominent ports in Malaysia, which account for the major share of goods traded are Port Klang, Johor Port, Port of Tanjung Pelepas, Kuantan Port, Penang Port, Bintulu Port, and Kemaman Port. The Malaysian shipping industry has been growing exponentially over the years. The strategic location of the ports of Malaysia, coupled with the low cost for docking, acts as a prominent driver for the market. There was a 17.5% overall growth rate of Malaysia's container port throughput from 2013 to 2016.

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. The high growth rate of this port is attributed to several factors, which include its efficient and productive terminal operators, strong support from Port Klangs shipping and logistics community, and the supply-demand dynamics of port facilities, as well as advanced state-of-the-art cargo-handling equipment.

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. XX port had the highest CAGR 6.6% over 2011-2016, followed by Pulau Pinang, at a CAGR of 3.6%.

Insights on Contract Logistics

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. Demand for contract logistics to facilitate e-commerce business is increasing, due to highly transactional nature of the e-commerce business, and hence, there is a requirement to convert such requirement for fulfilment logistics into medium-term/long-term. E-commerce in Malaysia has grown significantly over the past five years.

Tasco, the countrys leading logistics firm, is expected to penetrate into the cold chain logistics segment. In this regard, the company has also acquired 100% of Gold Cold Transport Sdn Bhd at MYR 185.62 million, and has made a proposal to acquire six parcels of land in Indah for MYR 113.83 million. The company plans to acquire the cold chain logistics division of MILS at MYR 9.9 million from Swift logistics.

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Key Developments in the Market
December 2017: CEVA logistics secured a partnership with Ace Turtle, an omni-channel platform company, for cross-border trade solutions in Southeast Asia. As per the agreement, CEVA will provide international freight forwarding services to Ace Turtle for countries, like China to India, China to Singapore, India to Malaysia, the United States to Singapore, and similarly from Europe to Asia-Pacific.

JVK International Movers Ltd, a subsidiary of JWD Info logistics PCL, acquired Ocean Air International Company Ltd, a homegrown freight forwarding agency. The company will now offer its services under the brand name of Total Logistics Solution Provider to the existing customers of JWD. The THB 83 million deal will help both the companies to expand their market size as an integrated logistics solution provider.

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