Market Size of malaysia road freight transport Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 8.16 Billion |
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Market Size (2030) | USD 10.97 Billion |
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Largest Share by End User Industry | Manufacturing |
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CAGR (2024 - 2030) | 5.07 % |
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Fastest Growing by End User Industry | Wholesale and Retail Trade |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
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
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
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
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
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
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.
Understand The Key Trends Shaping This Market
