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Malaysia Used Car Market Outlook

The automotive aftermarket service industry in Malaysia recorded a positive CAGR of ~% on the basis of revenue in between 2016 and 2021.

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Malaysia Used Car Market Outlook

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  1. Ken Research | Automotive Aftermarket in Malaysia The automotive aftermarket service industry in Malaysia recorded a positive CAGR of ~% on the basis of revenue in between 2016 and 2021. The automotive aftermarket deals with oil and lubricants, batteries, tires, filters, starters and alternators, coatings and paint consumables, exhaust components, spark plugs, crash parts, etc. Material and technology used for automotive manufacturing has improved from the past which increases the average age of vehicles. Online Used Car Penetration Overall Online Penetration for Used Car in Malaysia stands at 9.8% as of 2021. The Used Car Industry in Malaysia contributes ~1.0% to the country’s GDP. The key drivers of slowing growth were weaker demand for new cars reflecting the impact of decreased in level of income and slowing public investments. Snapshot On Online Used Car Landscape The online used car market has been emerging with the rise in the popularity of e-commerce platforms in the country. The growth of online advertising, which has fueled the rise of online classified platforms that have revolutionized the way in which pre-owned vehicles have been sold in the country. With the growth in the number of vehicles sold online, these players not only witnessed a sharp growth in marketplace revenue but also from other sources including advertisements, subscriptions and other value-added services. Some of the largest players in the space follow a complete transaction marketplace model that provide consumers a completely digital experience and enable them to book test drive & buy used cars online. These platforms also provide ancillary services such as insurance, warranty, financing options & documentation support. They are expected to demonstrate a ~% CAGR till 2026 on account of growth in the online segment due to rapid internet penetration and increase in transaction volume due to preference of owning personal vehicles, mainly due to Covid-19. Competition Scenario in Malaysia Used Car Market There exists Intense competition in the highly fragmented market with various OEM certified, brand authorized dealerships, multi-brand outlets & independent (standalone as well as clustered dealers) operating in the industry. Used Car Market in Malaysia has been dominated by B2C and OEM Dealerships which has captured majority share in the sales volume of used cars during 2020. Price, age, residual value of the vehicle, brand value, maintenance required are some of the most important factors impacting the preference of consumer. The players compete on parameters such as Product Portfolio, Distribution Network, Pricing, Discounts, and Geographical Location, Value Added Services, Collaborations & Partnerships and After Sales Service. Request for Sample Report: report.php?Frmdetails=NDI3MTQ1 - https://www.kenresearch.com/sample-

  2. Malaysia Used Car Market Future Outlook and Projections The used car industry is expected to demonstrate strong demand arising due to preference of personal vehicles over public transportation, mainly on account of Covid-19 pandemic. The strong pent-up demand in used car sales as witnessed in in 2021 will drop slightly in 2022 on account of reduced govt. incentives and the volume will normalize. The sales of economical cars are also expected to increase over the forecast period. Use of advanced technologies such as AI to valuate car online by looking at the pictures only, 360-degree view of the interiors of the car, etc. to enhance digital experience of consumers. FMCCAM is planning to introduce new online marketplace and look for used car financiers from Japan, China and Taiwan so as to increase used car sales. Key Segments Covered in Malaysia Automotive Aftermarket Service Market: - By Type of Workshop Multi Brand OEM/Authorized By Type of Multi Brand Organized Unorganized

  3. 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

  4. 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

  5. & 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 support@kenresearch.com +91-9015378249

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