Trading In Industrial Machinery Companies in Malaysia

Industrial machinery companies in Malaysia engage in the business of trading, repairing and maintaining industrial machinery and equipment. They also provide related services such as installation, commissioning, training and consultation. These companies cater to a wide range of industries such as manufacturing, construction, oil and gas, palm oil, mining, and others.

Most industrial machinery companies in Malaysia are small and medium enterprises (SMEs). However, there are a few large companies that are involved in this business. The top three companies in this sector are CNC Machinery Sdn Bhd, Hap Seng Consolidated Berhad and UMW Equipment & Engineering Sdn Bhd.

The industrial machinery sector in Malaysia is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2016 to 2020. This growth is driven by the increasing demand for machinery and equipment from the manufacturing and construction industries. In addition, the government’s initiatives to promote the use of industrial machinery in the country are also expected to boost the growth of this sector.