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Home > Business/Finance > Diversified Services > Shipping & Logistics
Strategic Analysis of 3PL Markets in the Malaysian Automotive Sector
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| Published Date:
November 2006
Published By:
Frost & Sullivan
Page Count:
128
Order Code:
R1-5653
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This Frost & Sullivan research service titled Strategic Analysis of 3PL Markets in the Malaysian Automotive Sector provides an overview of the 3PL markets in the Malaysian automotive sector, analyzing various segments and their logistical needs, along with key market drivers, restraints, and trends that are impacting the market. In this research service, Frost & Sullivan's expert analysts thoroughly examine the following segments of the automotive sector: multinational companies, multinational joint venture companies, domestic major companies, and domestic small companies.
Market Overview
Booming Automotive Market and Growing Logistics Needs Drive 3PL Usage in the Automotive Sector
With the rising automotive sales and the evincing interest of automakers to lower their production costs, third party logistics (3PL) usage in the Malaysian automotive sector is expected to increase significantly. "The encouraging development of the Malaysian automotive sector in intra-ASEAN and intra-Asian level trade has created further avenues for 3PL adoption," says Frost & Sullivan Industry Analyst Srinath Manda. In addition, 3PL providers are expanding the services offered by devising customized solutions for the automotive sector and fulfilling more logistics needs, enhancing the overall uptake of 3PL.
However, both multinational and domestic key 3PL service providers are facing challenges from small, unorganized participants, who are offering services at a relatively low price. Moreover, most of the Malaysian automotive logistics service providers still focus only on providing the basic logistics operations such as transportation and warehouse facilities. To allay such challenges and expand their presence in the automotive sector, major participants are expected to gain expertise to deal with emerging logistics needs including superior network and service range.
Malaysian Government’s Focus on Improving Logistics Infrastructure Aids 3PL Market Progress
With the Malaysian Government striving hard to create an efficient logistics setup in the country, by encouraging investments from multinational logistics service providers to improve logistics infrastructure, the 3PL market is all set to flourish. Several multinational giants have been working with the government in various infrastructure projects ranging from highways, railways, and ports to integrated logistics parks.
"Furthermore, the government continues to focus on developing state-of-the-art logistics support ports such as Port of Tanjung Pelepas and Port Klang, and airports such as KL International Airport," notes Manda. The Malaysian Government’s active participation in the regional free trade agreements is also likely to help the 3PL market in the Malaysian automotive sector thrive in the future.
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