Market Size of malaysia courier, express, and parcel (cep) Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 1.58 Billion |
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Market Size (2030) | USD 2.24 Billion |
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Largest Share by Destination | Domestic |
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CAGR (2024 - 2030) | 6.07 % |
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Fastest Growing by Destination | International |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Malaysia Courier, Express, and Parcel (CEP) Market Analysis
The Malaysia Courier, Express, and Parcel (CEP) Market size is estimated at 1.58 billion USD in 2024, and is expected to reach 2.24 billion USD by 2030, growing at a CAGR of 6.07% during the forecast period (2024-2030).
1.58 Billion
Market Size in 2024 (USD)
2.24 Billion
Market Size in 2030 (USD)
4.78 %
CAGR (2017-2023)
6.07 %
CAGR (2024-2030)
Fastest Growing Market by Speed of Delivery
6.98 %
Projected CAGR, Express, 2024-2030
Express delivery has been witnessing steady growth, with major global express delivery firms actively operating in Malaysia, supported by established networks.
Fastest Growing Market by Model
7.89 %
Projected CAGR, Business-to-Consumer (B2C), 2024-2030
The segment witnessed growth as the Malaysian government recognized the growing significance of e-commerce in promoting B2C transactions that facilitate major delivery demand.
Largest Market by Shipment Weight
68.32 %
value share, Light Weight Shipments, 2023
The e-commerce market for fashion items, toys, and hobby & DIY goods is the major facilitator for the segment's growth.
Largest Market by End User Industry
38.14 %
value share, E-Commerce, 2023
Malaysia has the highest internet penetration rate in Southeast Asia, driven primarily by a growing number of digitally savvy people.
First Leading Market Player
18.16 %
market share, J&T Express, 2022
J&T Express Malaysia has over 450 drop points and 25 gateways in Malaysia. It also offers guaranteed next-day delivery services in Malaysia.
Growing CEP market demand owing to industry's advancements and service expansions
- During 2022, Malaysia had 59,024 courier motorcycles, which were the most used mode for domestic courier deliveries. About 40,880 delivery cars, 8,786 trucks, and 10,455 vans were used for courier deliveries in 2022. In addition, the country had 33 aircraft for international courier deliveries. The number of courier, express, and parcel delivery vehicles is significantly expected to rise, along with infrastructure improvements. CEP market value is also projected to register a CAGR of 6.23% from 2023 to 2029.
- As of 2021, the domestic segment of the Malaysian courier, express, and parcel market made a larger contribution to the market revenue, accounting for an 65.19% share, and the international segment made a smaller contribution with an 34.81% share. This was majorly due to the booming e-commerce market in Malaysia, which was valued at about USD 7.72 billion in 2021, registering a 38.85% YoY growth over 2020. Of the categories in the Malaysian e-commerce market, the electronic products category accounted for the maximum contribution to revenue with a 32.90% share.
- Significant expansions have occurred in the Malaysian CEP market to cater to the increasing demand. Best’s logistics network in Malaysia expanded to cover over 100 last mile service stations and operate 270 stations and seven sorting centers nationwide. A new cross-border logistics service aims to allow consumers in Malaysia to buy products through Chinese e-commerce platforms such as Taobao, Pinduoduo, and JD.com. This would shorten cross-border shipping to 6 working days after parcels leave China. The East Coast Railway Line (ECRL) project, to be completed in 2026, aims to reduce shipping time between the eastern and western coasts of Peninsular Malaysia.
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Understand The Key Trends Shaping This Market
