Malaysia Automotive Aftermarket Service Market

Malaysia Automotive Aftermarket Servicing Market Growing with the Surging Used Car sales in the country: Ken Research

Amplified demand from Post-warranty car users has driven the growth of Car Service Market in Malaysia.”

Unorganized Car Segment Contributing Majority in Multi Brand Car Service Industry: The unorganized multi-brand segment held the largest market share in the Malaysia multi-brand car service market in 2020. Malaysia has a large presence of unorganized multi-brand service centers owing to the limited entry barrier in the Malaysian car service industry. The low-cost services of these service centers are leading to higher demand from the post-warranty car owners in Malaysia.  Unorganized car service centers contribute ~91% to the multi-brand car service market in terms of revenue in 2020. These type of centers are majorly having their presence in the East, North, and South regions of the country.

Dominance of OEM car service center among the Pre-warranty cars in Malaysia: ~50% of the car parc in Malaysia are in the age group of 1-5 years, which creates a high demand for the authorized after-sales workshop in Malaysia. Extended 2-year warranty for few brands in Malaysia is leading to an increased demand for after-sales services from an authorized service center. Quality service, genuine spare parts, quick service, higher reliability are some of the major reasons for consumers to visit an OEM service center in Malaysia. OEM car service companies have started providing discounts and other offers to attract the post-warranty car segment in Malaysia.

Surging competition in the automotive aftermarket service industry in Malaysia: Owing to the declining sales of vehicles in Malaysia, companies are foraying into other subsidiary options including the automotive aftermarket segment to sustain their business. Malaysia’s leading automaker Perodua in 2017 actively started focus on offering after-sales services in order to stimulate growth in terms of revenue. Automotive companies have started to emphasize strengthening their aftermarket business to tap into the segment’s lucrative market opportunities. The market is also anticipated to witness a rise in the number of new car players in the multi-brand car service market in Malaysia.

The report titled Malaysia Automotive Aftermarket Service Market Outlook to 202: Surging Used Car Sales contributing to the Growth of Automotive Aftermarket Service Industry in Malaysiaby Ken Research suggested that the automotive aftermarket service market is further expected to grow in the near future with the surging used car sales and entry of new players in the market. The market is expected to register a positive CAGR of 3.1% in terms of revenue during the forecast period of 2020-2025.

Key Segments Covered in Malaysia Automotive Aftermarket Service Market 

By Type of Workshop

Multi Brand

OEM/Authorized

By Type of Multi Brand

Organized

Unorganized

By Type of Vehicle

Sedan

Hatchback

SUV

MPV

By Age of Car

0-5 Years

5-10 Years

10 and above years

By Region

Central

East

South

North

By Car Brand

Perodua

Proton

Honda

Toyota

Others

By Booking Mode

Online

Offline

By Service Split

Maintenance

Repair and Replacement

Body Care

Malaysia Spare Parts after Market Segmentation

By Type of Spare Parts

Electricals and Electronic Components

Suspension and Braking

Consumables and Miscellaneous

Cooling Systems

Rubber Components

Drive transmission and Steering

Others

Key Target Audience

Automotive companies

OEM Car Service companies

Multi brand Car Service companies

Automotive Spare Parts Companies

Time Period Captured in the Report:

Historical Period: 2015-2020

Forecast Period: 2020-2025

OEM Car Dealers/Service Providers:

Perodua

Proton

Honda

Toyota

Nissan

Mitsubishi

Multi Brand Car Dealers/Service Providers:

Dtox

Prestige Cars

Topbest Car Grooming

Autohaus KL

Top Speed

Auto Mobile Garage

Key Topics Covered in the Report: –

Malaysia Automotive Aftermarket Service Industry Overview

Ecosystem of Entities in Car Servicing in Malaysia

Trends and Development in Malaysia Automotive After Market Service Industry

Issues and Challenges in Malaysia Automotive After Market Service Industry

Porters Five Forces Analysis: Automotive Aftermarket Service in Malaysia

Government Regulation in Malaysia Automotive After Market Service Industry

Market Size of Malaysia after Market Service Industry

Malaysia Automotive Aftermarket Service Industry Segmentation

Competition in Malaysia OEM Aftermarket Industry

Strength and Weakness of Major Players in Malaysia OEM Automotive Aftermarket Industry

Competition in Malaysia Multi Brand Aftermarket Industry

Pricing Comparison of Major OEM Car Service Companies

Pricing Comparison of Major Multi Brand Car Service Companies

Operating Model of Organized and Unorganized Workshops

Operating Model of OEM Workshops

Malaysia Spare Parts Aftermarket Industry Overview

Sourcing Spare Parts for Automobile Service Centers (OEM/Authorized Service Centers & Multi-Brand Service Centers)

Malaysia Automotive Aftermarket Car Service Market Future Market Size

Future Outlook and Projections for Malaysia Automotive Service Market

Case Study: Autohaus KL

Analyst Recommendation

For More Information on the Research Report, Click on the Below Link: –

Future of Malaysia Automotive Aftermarket Service Market

Related Reports by Ken Research:

India Multi-Brand Car Service Market Outlook to 2025: Door Step Car Servicing, Real Time Service Status to Drive the Penetration of Multi Brand Car Service in India

Indonesia Used Car Market Outlook to 2025 – By Market Structure (Organized & Unorganized), By Type of Car (MPVs, Hatchbacks, SUVs & Others), By Brand (Toyota, Honda, Daihatsu, Suzuki & Others), By Vehicle Age, By Mileage, By Customer Age and By Region (DKI Jakarta, East Java, West & Central Java, North Sumatera & Others)

KSA Automotive Industry Outlook to 2025 – Focus on Technology Adoption & Trends for Dealers, Distributors, Spare Parts Suppliers, Fleet and Leasing Companies and Car service providers

Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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