Malaysia Freight Forwarding Industry and Forecast to 2027 COVID-19 Impact Assessment

Overview

Executive Summary
 
Key Highlights of the Report
In 2020, country’s exports witnessed slump with crash in demand from China, Singapore and other Asian economies. Despite of securing better ranking in the business fundamentals sub-Index as compared to other  South East Asian, Malaysia lags behind Vietnam, Indonesia and Thailand in international logistics opportunities.

Land transport covering rail and road networks in Malaysia found to be of utmost importance and hence used as a primary mode of transportation. The transport and storage subsector posted 5.8% growth in 2018 and predicted to grow at a CAGR of 7.33% during 2021-2027.  

Impact of COVID-19
COVID-19 has given a boost to last mile delivery services in the country along with rise in shopping through E-commerce channel. Adoption of Emerging and evolving technologies in logistics sector is rising among the players to provide better services and reduce transit time. Though Covid-19 has badly affected many sectors, however it resulted in the greater amount of surge in e-retailing businesses in warehousing and logistics sectors. With the growing trend of online retailing due to the lockdown being one of the major factors, there would be continuous surge in the need for warehousing, backed by rapidly expanding E-retailing market in the country. 

Scope of the Study
Report titled “Malaysia Freight Forwarding Industry and Forecast to 2027–COVID-19 Impact Assessment” published by Makreo Research and Consulting Firm provides a holistic perspective of past, present and future market performance. The report studies country’s economy, its political environment, technological overview and demographic profile. The report deep dives into various parameters including road, rail, air, and seaport infrastructure. It helps to gain insights into Malaysia’s positioning in the global logistics index along with a detailed discussion on performance of country’s economy. The report also decodes the warehousing market.

The study comprises of market dynamics which offers an understanding of the industry trends, driving forces, major challenges hampering the growth and also an analysis of the future opportunities which will help market players to leverage untapped business potential. COVID-19 impact over the country and industry has also been discussed. Major players key financials and M&A has also been discussed in the report. 

Key Players Covered 
         DHL Worldwide GmbH (DHL) 
     Kuehne + Nagel     
     Tiong Nam Logistics
      DKSH Holding Ltd
      CEVA Logistics
      TASCO Behrad
       Agility’s Global Integrated Logistics Business
       Nippon Express

Key Questions Answered

• What is the present scenario of logistics in Malaysia and the future expected growth trend?
• What are the major driving forces that helped the industry to grow in the past and impact over future performance?
• How market is positioned for logistics and warehousing services and what is the role of infrastructure in logistics growth? 
• What is the impact of novel coronavirus over the Malaysia freight forwarding industry and impact over other industries such as Automobile, Electronics, Oil and Gas and others? 
• The report discusses how the future of the industry is shaping up and what all factors will drive the change?
• To analyse the latest trend & major challenges and to gain a regional perspective on the development of the market.