2019 Malaysia Freight and Logistics Market Shows Important Factors of Industry, Top Countries, Leading Manufacturers, Regional Analysis Forecast to 2024
“Malaysia Freight and Logistics Market” report 2019-2024 provides detailed summary of company competition, market demand, regional forecast, marketing price and new investment feasibility analysis is included of Malaysia Freight and Logistics market. It also covers approximate CAGR, key-players, scope of the report, regional analysis, major market factors of Malaysia Freight and Logistics market, reasons of buying this report and complete TOC of report.
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There are 4 key segments covered in this Malaysia Freight and Logistics Systems Market report:
- Competitor segment
- Product type segment
- End-use/application segment
- Geography segment
Malaysia Freight and Logistics Market by Key Players:
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Scope of the Report:
Key Market Trends:
Growing Maritime Sector – The Country Aims to Become a Transshipment Hub
Malaysia has a total coastline of 4,675 km (2,905 mi); 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, namely, 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. In addition to its geographical advantage, the support of numerous shipyards, ports, and terminals presents opportunities to further develop the maritime economy of the country. Even though, the maritime industry in Malaysia faces rough waters owing to overcapacity and tight financing, opportunities are still aplenty.
The country’s strategic geographic location makes it an important transshipment hub. Port Klang, the major port of the country, is the most important transshipment hub, with almost 70% of the volume being transshipment. However, certain challenges exist for the ports of Malaysia; the delay in processes in cargo businesses has been effecting the logistics performance of the country, resulting in Malaysian ports losing to their regional competitors. PSA in Singapore, which is the second-largest container port in the world, is one of the most advanced ports that can handle huge amounts of cargo. Additionally, the change ofthe government in Malaysia is expected to have a significant impact on the country’s logistics sector in the future. With the change of government in Malaysia after six decades, the new government has announced some economic and financial reforms, such as abolishing GST, reducing excise duty, restoring the currency value of Ringgit, reducing the currency dependence on foreign workers, etc.
Halal Logistics – Emerging Sector
The halal market is fast becoming recognized as a vitally important emerging market. Safety and quality assurance are the reasons for halal products being widely recognized. The major market for halal products exists in Asia and the Middle East. There is a big potential for Malaysian companies to manufacture and export halal certified products to the global market. The country can promote itself as a halal gateway and attract investments in this sector. Lack of proper certification is one of the challenges in the halal industry. Kontena Nasional Bhd. (KNB) is a provider of end-to-end halal logistics services in Malaysia. The company holds the distinction of being the first logistics provider to receive the halal logistics provider certification from the Department of Islamic Development Malaysia (Jakim) in 2009.
As of August 2018, 42 countries worldwide have recognized JAKIM’s halal certification. Asian countries, such as China, Taiwan, Japan, and Hong Kong are the top countries demanding the JAKIM halal logistics certification. Nestle Malaysia has achieved enormous success as a halal hub and is the biggest producer of halal products for Nestle. This propelled Nestle to be one of the top vendors in the halal food market, which has, in turn, attracted the Brazillian food giant, BRF, to expand its halal food business to Malaysia and other ASEAN countries, in partnership with the Kuok Group.
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Malaysia Freight and Logistics Market Covers Following Points in TOC:
- Chapter 1: Malaysia Freight and Logistics Market Definition
- Chapter 2: Research Methodology of Malaysia Freight and Logistics Market
- Chapter 3: Malaysia Freight and Logistics Market Executive Summary
- Chapter 4: Malaysia Freight and Logistics Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
- Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
- Chapter 6: Malaysia Freight and Logistics Market Segmentation by Types, End-User, and Applications Forecast to 2024
- Chapter 7: Malaysia Freight and Logistics Market Segmentation by Geographical Regions
- Chapter 8: Competitive Landscape of Malaysia Freight and Logistics Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
- Chapter 9: Key Players for Malaysia Freight and Logistics Market
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