The manufacturing industry in Malaysia provides a lot of opportunities in terms of jobs and production. This is one sector which has a high output and is considered as one of the major drivers of the economy for the country.
Contantly growing market
In October 2019, the Malaysian manufacturing market generated more than RM74.6 billion. This is a growth of about 2.2% as compared to 2018 when it registered RM73.1 billion. Among the common industries involved in the manufacturing sector in Malaysia are:
- Transport Equipment and other products
- Non-metallic mineral products
- Basic Metal and Fabricated metal products
- Electrical and Electronics.
It must be noted that Malaysia was once the top manufacturers of air-conditioning systems in the world. Besides that, it is involved in the manufacturing of many other finished goods such as rubber products, tin and many more.
Traits in Manufacturing Business
The eco-system of the economy in Malaysia makes it a good and ideal place for manufacturers. As such, there has been a rising number of automotive brands that have since established assembly plants in Malaysia more notably in Pekan, Pahang. This includes brands like Volkswagen and Mercedes-Benz. What makes the Malaysian economy such a vibrant manufacturing market includes:
- Location – Malaysia has ports that can contribute to the transportation and shipment of raw materials and finished goods.
- Manpower – Malaysia has a strong workforce of manpower readily available.
- Stability – The economic and political climate in Malaysia is perceived as among the most stable in the region and globally with very low risk of natural disasters.
