Sunday, February 5, 2023

Email id: support@kenresearch.com, Contact Us : +91-9871552944

Home Automotive, Transportation and Warehousing Automotive and Automotive Components Malaysia Automotive Lubricant Market Outlook to 2025

Malaysia Automotive Lubricant Market Outlook to 2025

Automotive Lubricants Market in Malaysia is driven by the Growth in Number of Passenger Vehicles on Road and the rapidly increasing demand for High Performing Lubricants Despite their premium pricing: Ken Research

Increase in income level generally in urban areas contributing towards increasing demand for Passenger Vehicles and a shift in preference to expensive synthetic and semi-synthetic lubricants have driven the market for Automotive Lubricants industry in recent years.

A Significant growth has been observed in the number of passenger vehicles on road majorly due to the fact that people prefer travelling by their own vehicle instead of the public transport. On an average, a passenger car and a motorcycle in Malaysia travels ~2,300 km and ~1,800 km respectively on a monthly basis. Major regional hubs in the Malaysia are the Kuala Lumpur, Penang, Perak, Selangor and Johor as majority of vehicles are located in these regions.

Impact of Covid-19: Demand of Lubricants for Heavy duty diesel vehicles was not affected as the major construction and manufacturing activities were permitted during the lockdown, whereas the sales volume of lubricants for passenger vehicles witnessed a double digit decline due to the travel restrictions by the lockdown and work from home introduced by various companies. The average km travelled by a vehicle in the country also declined since the non-essential movement was not permitted in the country. Major companies faced the challenge of importing raw materials and finished products because of the trade restrictions caused by the Covid Pandemic.

Future Trends: Introduction of lubricants for electric vehicles would be a major trend for Automotive Lubricants Market In Malaysia to cater the increasing number of EVs on road. Companies are being forced to change the formulations for their lubricants to cater the demand for the changing vehicle engine norms. Vehicle owners in Malaysia would be switching towards high performance lubricants despite their premium pricing. The automotive lubricants industry would also be supported by the Malaysian government’s National Automotive Policy which tends to focus on strengthening the capabilities of the domestic automotive industry and creating a mechanism to promote investments to ramp up the domestic production which will result in the increased demand for automotive lubricants.

The report titled Malaysia Automotive Lubricants Market outlook to FY2026 by Ken Research suggested that the Automotive Lubricants Market revenue is expected to grow at a double digit positive CAGR and the Automotive Lubricants Market sales volume is expected to grow at a single digit positive CAGR. The synthetic lubricants in Malaysia are expected to showcase the highest growth with a positive double digit CAGR and the passenger vehicle lubricants will occupy almost half of the market share in the coming years.

Key Segments Covered in the Report: –

  • Market Size of Malaysia Automotive Lubricants in terms of Sales Volume in Mn L, 2020
  • Market Size of Malaysia Automotive Lubricants in terms of Sales Revenue in MYR, 2020
  • Market Segmentation of Malaysia Automotive Lubricants in terms of Sales Volume in Mn L, 2020

By End User Industry

  • Passenger Vehicle
  • Commercial Vehicle
  • Motorcycles
  • Marine

Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDcyODI3

By Grade

  • Synthetic
  • Semi-Synthetic
  • Mineral

By Type

  • Passenger Car Engine Oil
  • Heavy Duty Engine Oil
  • Motorcycle Oil
  • Gear oil and Transmission Oil
  • Hydraulic Oil
  • Grease and others

By Sales Channel

  • OEMs
  • Fuel Stations
  • OEM Workshops and Spare Part Shops
  • Service Stations and Garages
  • Online
  • Hypermarket/Supermarket

By Viscosity Grade

  • 0W-20
  • 5W-40
  • 10W-40
  • 15W-40
  • 15W-50
  • Others

Key Target Audience

  • Lubricant Manufacturing Companies
  • Oil Producers
  • Lubricant Distributors
  • Government Associations

Time Period Captured in the Report: –

Historical Period: 2014–2019

Forecast Period: 2020-2025

Companies Covered:

  • Shell
  • Petronas
  • Total
  • Chevron
  • Castrol
  • Hyrax
  • Mobil
  • Others

Key Topics Covered in the Report: –

  • Automotive Lubricants Market Size on the Basis of Sales Volume and Revenue
  • Automotive Lubricants Market Segmentation – By type of Lubricant, By Grade of Lubricant, By Viscosity, By End Users
  • Target Addressable Audience – Passenger and Commercial Vehicles, Regional Analysis, Used Car Sales
  • Supply Ecosystem and Competition Parameters
  • Value chain analysis in the Automotive Lubricants Market in Malaysia
  • Demand Scenario
  • Trends and Developments in Automotive Industry in Malaysia
  • Growth Drivers for Automotive Industry in Malaysia
  • Marketing Strategies
  • Challenges Faced by Lubricant Producers
  • Porter Five Force Analysis
  • Emerging Business Strategies
  • Best Practises in Business
  • Pricing Analysis
  • Customer Buying Decision Parameters
  • Cross Comparison Between Major Players in The Industry
  • Impact of Covid-19 on the Automotive Lubricants Industry in Malaysia
  • Future Projections and Market Size for Malaysia Automotive Lubricants Industry

For More Information on the research report, refer to below link: –

Malaysia Automotive Lubricant Market Research Report

Related Reports by Ken Research: –

Malaysia Used Car Market Outlook To 2025 (Second edition) – Growth of Online Used Car Platforms and increased shift from using public transport to personal cars, fueled by Covid-19 to accelerate Industry’s Growth

Landscape of Malaysia Medical Education Market-Growth in Medical Graduates, Pushing Candidates to Seek Specialization Contributing to Medical Workforce

Follow Us

LinkedIn | Facebook | Twitter YouTube

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

RELATED ARTICLES

The EV Charging equipment market is growing rapidly, owing to New Manufacturing Plants in the Kingdom and the Entry of new market players: Ken...

Buy Now Driven by an increased focus on sustainability, and government initiatives, the EV Charging equipment market in KSA has ample growth potential in the...

India EV Charging Equipment Market Revenue is expected to grow at a CAGR of 25.2% from 2021 to 2026: Ken Research

Buy Now 1. Charging infrastructure in India is currently quite underdeveloped but has huge potential in the near future owing to increasing EV deployment in...

The Market Shares Of Automotive Lubricants And Industrial Lubricants In Nigeria Lubricants Market Is Expected To Remain Fairly Stagnant And The Market Size For...

Buy Now Nigeria Lubricants Market Ecosystem The Nigeria Lubricants market is moderately fragmented with major global and national players occupying almost half of the market. The...

Most Popular

The Bahrain Catering Industry has grown steadily in the last five years due to the rising focus on healthier meals during the Covid-19 pandemic:...

Buy Now The Covid-19 pandemic posed challenges for the Bahrain Catering Market, but post-pandemic the industry is expected to bounce back as things go normal. Bahrain...

The Oman Mattress Industry has grown steadily in the last five years owing to the increasing urbanization and rising healthcare and hospitality sector: Ken...

Buy Now The Mattress Market in Oman saw a steady growth in the period of 2017-2022, as there is an increase in disposable incomes and...

The EV Charging equipment market is growing rapidly, owing to New Manufacturing Plants in the Kingdom and the Entry of new market players: Ken...

Buy Now Driven by an increased focus on sustainability, and government initiatives, the EV Charging equipment market in KSA has ample growth potential in the...

France Car Finance Market Emerging Players, Revenue, Trends, Analysis: Ken Research

Buy Now Ecosystem of France Car Finance Market The France Car Finance Market is moderately consolidated, with the top companies occupying major share. The major players...