Malaysia Logistics Market Growth to be led by Malaysian Government Initiatives, E-commerce Boom and Growth of 3PL Logistics: Ken Research

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Malaysia Logistics Market Growth to be led by
Malaysian Government Initiatives, E-commerce Boom
and Growth of 3PL Logistics Ken Research
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Availability of excellent freight infrastructure,
growth of FMCG, retail manufacturing
industries, and supportive legislative framework
were the key factors driving growth of Malaysia
Logistics Market. Malaysia ranked 32nd globally,
by the 2016 logistics performance index and it is
the worlds 24th largest trading nation which
makes the logistics industry of the country
paramount. Logistics has played a crucial role in
the trade and economic growth of the country as
Malaysia is a trade-dependent and export-oriented
economy. Australian companies preferred Malaysia
as a key country to establish operations in ASEAN
with trade accounting for USD 15 billion between
the countries during 2016. The geographical
location, business connectivity and economic
growth have further aided the logistics industry
of the country. The country is strategically
located in the center of economic activity,
surrounded by the growing ASEAN community and
several emerging Asian economies. Malaysia is
situated within a six-hour flight to countries
that account for 30 of the total global gross
domestic product, which includes Asian countries,
India, China, Korea and Japan which has further
aided the growth of logistics industry.
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The report titled Malaysia Logistics Market by
Service Mix (Freight Forwarding Market,
Warehousing Market and Value Added Services), by
Third Party Logistics, by Cold Chain Logistics,
By Express Delivery Logistics and by Industries
(Oil Gas, Engineering Equipment, Food
Beverages, Metals, Automotive and Others) -
Outlook to 2022 by Ken Research suggested that
increasing government initiatives and growing
e-commerce industry will majorly contribute to
the overall revenue growth of Malaysia logistics
market in next 5 years till 2022. Key Topics
Covered in the Report Cold Storage Warehouses in
Malaysia Cold Storage Warehouses in Malaysia Cold
Transport Services in Malaysia Logistics
Infrastructure in Malaysia Freight Forwarding
Companies in Malaysia 3PL Companies in
Malaysia DB Schenker Market Share Deutsche Post
DHL Group Fleet Size
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For more information on the research report,
refer to below link https//www.kenresearch.com/a
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