Malaysia Box Truck Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Malaysia Box Truck Market is segmented by Type (Refrigerated and Non-Refrigerated), By Propulsion Type (IC Engine and Electric), and By Application Type (Food Delivery, Last Mile Delivery, and Others). The report offers market size and forecast for Malaysia Box Truck Market in Value (USD billion) for all the above-mentioned segmentation.

Malaysia Box Truck Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Malaysia Box Truck Market Size

Malaysia Box Truck Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 6.89 %
Market Concentration Medium

Major Players

Malaysia Box Truck Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Malaysia Box Truck Market with other markets in Automotive Industry

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Malaysia Box Truck Market Analysis

The Malaysia Box Truck Market is expected to register a CAGR of 6.89% during the forecast period.

Over the years, demand for box trucks witnessed a steady rise, although during the 2020 COVID-19 pandemic, the market witnessed a decline owing to the trade restrictions imposed by governing bodies. Across Malaysia, food and beverage, last-mile delivery industries suffered a steady setback which reduced the demand for box trucks.

Moreover, post-2021, the market witnessed a recovery where lockdowns and key-dependent industries recovered, which showcased strong demand for box trucks in Malaysia. Over the longer run, with increased demand for food delivery services and last-mile e-commerce, the box truck market in Malaysia is anticipated to register a higher growth rate.

Owing to the high demand for food delivery services post-COVID-19, refrigerated box truck demand has witnessed steady growth. These refrigerated box trucks helped in transporting cold storage products for several applications in Food and Beverage industries across Malaysia.

Considering these factors, the demand for box trucks is anticipated to witness a high growth rate during the forecast period in Malaysia.

Malaysia Box Truck Industry Overview

The market is primarily driven by constructive alliances between the truck manufacturer and engineering design companies, under which both jointly retrofit the box structure over the chassis of the truck.

Moreover, key players, including Wong Brothers Refrigeration Sdn Bhd., Chop Yong Cheong (CYC), etc., are seeking joint partnerships with key truck manufacturers, including Tata Motors, UD Trucks, Isuzu, Traton, and others for the same to maintain a seamless supply of the trucks. Further, the key end-use industries seek longer-term cooperation with key suppliers of box trucks to carry out their business, including food delivery, last-mile services, etc.

Malaysia Box Truck Market Leaders

  1. Tata Motors Limited

  2. Traton Group

  3. UD Truck Corp.

  4. Chop Yong Cheong (CYC)

  5. Wong Brothers Refrigeration Sdn Bhd.

  6. *Disclaimer: Major Players sorted in no particular order
Malaysia Box Truck Market Concentration
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Malaysia Box Truck Market News

  •  August 2022: Swift Haulage Bhd, a major logistics service provider, announced international cooperation and MoU with Volvo Trucks Malaysto to introduce electric commercial vehicles in the country.
  • December 2021: Swift Haulage Bhd announced the expansion and strengthening of its business operation in the country. The company announced its plans to expand its facilities and warehouses to propel the logistics business in the country.

Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porters Five Force Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size in Value USD Billion)

  • 5.1 Vehicle Type
    • 5.1.1 Refrigerated
    • 5.1.2 Non-Refrigerated
  • 5.2 Propulsion Type
    • 5.2.1 IC Engine
    • 5.2.2 Electric
  • 5.3 Application Type
    • 5.3.1 Food Delivery
    • 5.3.2 Last Mile Delivery
    • 5.3.3 Others

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles (Truck Manufacturer)*
    • 6.2.1 Isuzu Motors Ltd.
    • 6.2.2 Tata Motors Limited
    • 6.2.3 Mitsubishi Fuso Truck and Bus Corporation
    • 6.2.4 UD Trucks Corp.
    • 6.2.5 Traton Group
    • 6.2.6 EMAC Power Ltd.
    • 6.2.7 Hino Motors, Ltd.,
    • 6.2.8 Swift Haulage Bhd.
    • 6.2.9
  • 6.3 Company Profiles (Retrofitting Companies)*
    • 6.3.1 Chop Yong Cheong (CYC)
    • 6.3.2 A-Plus Manufacturing Sdn Bhd
    • 6.3.3 JK Schelkis offShore Sdn Bhd
    • 6.3.4 Wong Brothers Refrigeration Sdn Bhd.
    • 6.3.5 NCE Auto Trading Sdn Bhd.
    • 6.3.6 T.R.K Bangkok Industry & Exporter Co., Ltd.
    • 6.3.7

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Malaysia Box Truck Industry Segmentation

A box truck is a cube van typically used for transporting loose loads, which are larger and bulkier than other types of trucks. These trucks include boxes, cartons, crates, etc.

Malaysia Box Truck Market is segmented by type, propulsion, and application. On the basis of type, the market is segmented by refrigerated and non-refrigerated. On the basis of propulsion type, the market is segmented into IC engines and electric. Based on application, the market is segmented into food delivery, last-mile delivery, and others. The report offers market size and forecast for Malaysia Box Truck Market in Value (USD billion) for all the above-mentioned segmentation.

Vehicle Type Refrigerated
Non-Refrigerated
Propulsion Type IC Engine
Electric
Application Type Food Delivery
Last Mile Delivery
Others
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Frequently Asked Questions

What is the current Malaysia Box Truck Market size?

The Malaysia Box Truck Market is projected to register a CAGR of 6.89% during the forecast period (2025-2030)

Who are the key players in Malaysia Box Truck Market?

Tata Motors Limited, Traton Group, UD Truck Corp., Chop Yong Cheong (CYC) and Wong Brothers Refrigeration Sdn Bhd. are the major companies operating in the Malaysia Box Truck Market.

What years does this Malaysia Box Truck Market cover?

The report covers the Malaysia Box Truck Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Malaysia Box Truck Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Malaysia Box Truck Industry Report

Statistics for the 2025 Malaysia Box Truck market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Malaysia Box Truck analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.