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Malaysia Road Freight Transport Market Size

The Malaysia Road Freight Transport Market is projected to experience significant growth over the forecast period, driven by various sectors such as manufacturing, e-commerce, and agriculture. The market's expansion is supported by the growth of export-oriented industries, particularly in electronics and electrical products, which are key drivers of the manufacturing sector. Additionally, the increasing prominence of cross-border e-commerce, with substantial contributions from countries like China, Singapore, the United States, and Japan, further influences the market dynamics. Efforts to enhance domestic production through advanced technologies and reduce import dependency are expected to contribute to the market's growth trajectory.

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Market Size of malaysia road freight transport Industry

Malaysia Road Freight Transport Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 8.16 Billion
svg icon Market Size (2030) USD 10.97 Billion
svg icon Largest Share by End User Industry Manufacturing
svg icon CAGR (2024 - 2030) 5.07 %
svg icon Fastest Growing by End User Industry Wholesale and Retail Trade
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Malaysia Road Freight Transport Market Analysis

The Malaysia Road Freight Transport Market size is estimated at 8.16 billion USD in 2024, and is expected to reach 10.97 billion USD by 2030, growing at a CAGR of 5.07% during the forecast period (2024-2030).

8.16 Billion

Market Size in 2024 (USD)

10.97 Billion

Market Size in 2030 (USD)

4.00 %

CAGR (2017-2023)

5.07 %

CAGR (2024-2030)

Largest Market by Distance

74.14 %

value share, Long Haul, 2023

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The long-haul industry is expected to be supported by a five-year centralized economic development plan set by the Malaysian government.

Largest Market by Goods Configuration

63.80 %

value share, Solid Goods, 2023

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Since the vast majority of goods transported within the solid goods segment also significantly contribute to the country's value-added output, the segment dominates the market.

Largest Market by End User Industry

40.27 %

value share, Manufacturing, 2023

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Exports of manufactured goods rose by 22% YoY during 2022, boosted by electrical and electronic products (+30% YoY).

Fastest Growing Market by Truckload Specification

5.67 %

Projected CAGR, Less than-Truck-Load (LTL), 2024-2030

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The growth in e-commerce is driving the LTL segment of the market. By 2025, 875,000 MSMEs are expected to adopt e-commerce, compared with 489,958 in 2020.

First Leading Market Player

2.17 %

market share, CJ Logistics Corporation, 2022

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CJ Century operates with over 1,000 employees in Malaysia and a fleet of around 120 vehicles. The company also operates 29 modern warehousing facilities in Malaysia.

The e-commerce sector in Malaysia experienced a YoY growth of 2.98% in 2022, which drove the growth of the market

  • In 2022, the export-oriented industries, which comprised 69.2% of the manufacturing sector, grew by 7.1%, while the domestic-oriented industries increased by 10.3%. Exports of manufactured goods rose by 22% YoY in 2022, boosted by exports of electrical and electronic products, which rose by 30%. In 2023, the domestic manufacturing sector is estimated to grow by 3.9% on account of expansion in all sub-sectors. Export-centric industries were expected to grow steadily, with the electronics and electrical segment continuing to drive growth in the sector.
  • Cross-border spending is high in Malaysia and accounts for four out of 10 e-commerce transactions in the country. The top four countries for cross-border sales are China, Singapore, the United States, and Japan. Approximately 61% of cross-border e-commerce in Malaysia was from China as of January 2020. The market share of cross-border e-commerce in Malaysia is almost equal to that of domestic e-commerce. Moreover, in 2022, the e-commerce sector in Malaysia experienced a YoY growth of 2.98% and reached USD 7.95 billion. The growth in e-commerce sales drove the wholesale and retail trade end-user segment in 2022.
  • In the coming years, the country aims to increase domestic production using technologies such as the Internet of Things (IoT) and precision farming to reduce import dependency. Over the next 2-7 years, Malaysia aims to raise fish production from aquaculture from 26% of total fish production to 60%, which is expected to boost the agriculture, fishing, and forestry end-user segment. Moreover, an increase in exploration and production activities is expected to drive the oil and gas, mining, and quarrying end-user segment.
Malaysia Road Freight Transport Market

Malaysia Road Freight Transport Industry Segmentation

Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Domestic, International are covered as segments by Destination. Full-Truck-Load (FTL), Less than-Truck-Load (LTL) are covered as segments by Truckload Specification. Containerized, Non-Containerized are covered as segments by Containerization. Long Haul, Short Haul are covered as segments by Distance. Fluid Goods, Solid Goods are covered as segments by Goods Configuration. Non-Temperature Controlled, Temperature Controlled are covered as segments by Temperature Control.

  • In 2022, the export-oriented industries, which comprised 69.2% of the manufacturing sector, grew by 7.1%, while the domestic-oriented industries increased by 10.3%. Exports of manufactured goods rose by 22% YoY in 2022, boosted by exports of electrical and electronic products, which rose by 30%. In 2023, the domestic manufacturing sector is estimated to grow by 3.9% on account of expansion in all sub-sectors. Export-centric industries were expected to grow steadily, with the electronics and electrical segment continuing to drive growth in the sector.
  • Cross-border spending is high in Malaysia and accounts for four out of 10 e-commerce transactions in the country. The top four countries for cross-border sales are China, Singapore, the United States, and Japan. Approximately 61% of cross-border e-commerce in Malaysia was from China as of January 2020. The market share of cross-border e-commerce in Malaysia is almost equal to that of domestic e-commerce. Moreover, in 2022, the e-commerce sector in Malaysia experienced a YoY growth of 2.98% and reached USD 7.95 billion. The growth in e-commerce sales drove the wholesale and retail trade end-user segment in 2022.
  • In the coming years, the country aims to increase domestic production using technologies such as the Internet of Things (IoT) and precision farming to reduce import dependency. Over the next 2-7 years, Malaysia aims to raise fish production from aquaculture from 26% of total fish production to 60%, which is expected to boost the agriculture, fishing, and forestry end-user segment. Moreover, an increase in exploration and production activities is expected to drive the oil and gas, mining, and quarrying end-user segment.
End User Industry
Agriculture, Fishing, and Forestry
Construction
Manufacturing
Oil and Gas, Mining and Quarrying
Wholesale and Retail Trade
Others
Destination
Domestic
International
Truckload Specification
Full-Truck-Load (FTL)
Less than-Truck-Load (LTL)
Containerization
Containerized
Non-Containerized
Distance
Long Haul
Short Haul
Goods Configuration
Fluid Goods
Solid Goods
Temperature Control
Non-Temperature Controlled
Temperature Controlled
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Malaysia Road Freight Transport Market Size Summary

The Malaysia Road Freight Transport Market is poised for significant growth, driven by the expansion of export-oriented industries and the burgeoning e-commerce sector. The manufacturing sector, particularly in electrical and electronic products, has been a key contributor to this growth, with substantial increases in exports. The rise in cross-border e-commerce transactions, predominantly with countries like China, Singapore, the United States, and Japan, has further bolstered the demand for road freight services. The transportation sector's integral role in Malaysia's socio-economic development is underscored by the substantial growth in transportation and storage activities, fueled by increased demand from manufacturing, FMCG, and automotive sectors. The government's initiatives to enhance logistics services through digital adoption and infrastructure development, such as the MRT3 and ECRL projects, are expected to further support market expansion.

The market landscape is characterized by fragmentation, with major players like CJ Logistics Corporation, DHL Group, NYK Line, Taipanco Sdn Bhd, and Tiong Nam Logistics holding a modest share. Recent investments in clean mobility and regional expansion by key players highlight the industry's focus on sustainability and growth. The government's strategic investments in refining and petrochemical projects, alongside efforts to boost domestic production through technologies like IoT and precision farming, are anticipated to drive further growth in the road freight transport sector. These developments, coupled with the country's aim to reduce import dependency and increase local production, position the Malaysia Road Freight Transport Market for robust growth in the coming years.

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Malaysia Road Freight Transport Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Agriculture, Fishing, and Forestry

      2. 1.1.2 Construction

      3. 1.1.3 Manufacturing

      4. 1.1.4 Oil and Gas, Mining and Quarrying

      5. 1.1.5 Wholesale and Retail Trade

      6. 1.1.6 Others

    2. 1.2 Destination

      1. 1.2.1 Domestic

      2. 1.2.2 International

    3. 1.3 Truckload Specification

      1. 1.3.1 Full-Truck-Load (FTL)

      2. 1.3.2 Less than-Truck-Load (LTL)

    4. 1.4 Containerization

      1. 1.4.1 Containerized

      2. 1.4.2 Non-Containerized

    5. 1.5 Distance

      1. 1.5.1 Long Haul

      2. 1.5.2 Short Haul

    6. 1.6 Goods Configuration

      1. 1.6.1 Fluid Goods

      2. 1.6.2 Solid Goods

    7. 1.7 Temperature Control

      1. 1.7.1 Non-Temperature Controlled

      2. 1.7.2 Temperature Controlled

Malaysia Road Freight Transport Market Size FAQs

The Malaysia Road Freight Transport Market size is expected to reach USD 8.16 billion in 2024 and grow at a CAGR of 5.07% to reach USD 10.97 billion by 2030.

In 2024, the Malaysia Road Freight Transport Market size is expected to reach USD 8.16 billion.

Malaysia Road Freight Transport Market Report Snapshots

Malaysia Road Freight Transport Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030