Future of Automotive Lubricant Industry in Malaysia: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit How Is the Automotive Lubricant Industry Positioned in Malaysia? Expenditure on automotive lubricant and vehicle servicing is a part of the necessary household expenditure for a vehicle owner. Lubricants control friction and wear in the engine, protect the engine from rusting, cool the pistons, and protect the engine oil stored in the sump from combustion gases. The automotive lubricant industry in Malaysia is at its Growth Stage, increasing with a CAGR (2014-2019) of 18.2% and 9.6% by revenue and sales volume respectively. The growth in the industry is driven by the presence of more than ~31 million vehicles on road and growing per capita income in the country. The formation of ASEAN free trade policy in 2015, led to the emergence of MNCs in Malaysia. The stability of ASEAN’s economy, availability of skilled labor, coupled with its pro-business climate, and improving infrastructure led to an increase in FDI by automotive OEM. In 2019, ~ vehicles including passenger cars, CV and motorcycle & scooters were produced in Malaysia. Proton, Peroduo, Nissan, and BMW are the major OEMs in the country. The industry is import driven and only ~30% of the total lubricants consumed were produced in Malaysia in 2019. Even though major players such as Castrol, Shell, and Petronas have a blending plant in Malaysia, they still have to import some specialized lubricants from different countries in Asia. How Is Market Segmented? By Grade: Mineral Oil is the most commonly used lubricant grade primarily due to its low retail price as compared to synthetic and semi-synthetic variants which are costlier as they come with high additives and highly refined base oil quality. Synthetic and semi-synthetic lubricants are gaining traction in the industry due to its better performance. By Type: In a year, a passenger car, motorcycle, and trucks require 8-12L, 3-4L, and 18-36L of engine oil. Other lubricants such as Gear oil, Hydraulic oil, grease, and transmission fluids are changed after 50,000-60,000 km, +80,000 km, 150,000 km, and 130,000 km respectively. Passenger car engine oil accounted for maximum market share due to the presence of more than ~10 million passenger cars on road as of 2019. By End Users: In Malaysia Passenger Vehicles are the biggest end-users followed by commercial vehicles, motorcycles, and marine. ~48% of the total vehicles on road in 2019 were passenger vehicle and the remaining 46% and 6% were motorcycles and commercial vehicles respectively. The average lubricant consumption of commercial vehicles is much higher than that of a motorcycle because of the difference in size and distance traveled. By Sales Channel: Direct sales by companies constitute sales from fuel stations and sales to OEMs. The majority of sales are undertaken through indirect distributors network. Through distributors, the lubricants are majorly sold through service stations, garages, and OEM workshops as vehicle owners primarily depend on their mechanics for selecting and changing lubricants. Online sales contribute a very small share but with the increasing official presence of lubricant manufacturers on e-commerce platforms it is expected to gain traction in the future. Competitive Landscape The competition in the industry is concentrated on the presence of 15-25 lubricant manufacturers. The industry is dominated by multinational oil producers such as Shell, Castrol & Chevron, and the national government-owned Petronas. Manufacturers are competing on the basis of product portfolio, prices, distribution network, brand value, and presence in different motorsports. Manufacturers are continually trying to evolve their product offerings in order to cater to the evolving demand. Manufacturers are venturing into the production of E-fluids to cater to increasing numbers of electric vehicles. Players such as Petronas and Shell have recently launched online sales on Lazada and Shopee Mall. What Is The Future Of Malaysia Automotive Lubricant Industry? The industry will face a downfall in 2020 due to the economic slowdown created by coronavirus pandemic. Car sales are expected to fall and vehicles currently on road are expected to travel smaller distances due to the implementation of work from home strategy across the country and due to the drastic fall in the tourism industry. The industry is expected to recover by 2024. The demand for synthetic lubricants along with other expensive high-performance E-lubricants are expected to drastically increase which will enable growth in the future. By 2025, the industry is expected to value more than MYR ~18 billion. Key Segments Covered: – By End User Industry Passenger Vehicle Commercial Vehicle Motorcycles Marine By Grade Synthetic Semi-Synthetic Mineral By Type Passenger Car Engine Oil Heavy Duty Engine Oil Motorcycle Oil Grease Gear oil and Transmission Oil Hydraulic Oil By Sales Channel OEMs Fuel Stations OEM Workshops and Spare Part Shops Service Stations and Garages Online Hypermarket/Supermarket Companies Covered: Shell Castrol Petronas Total Caltex Chevron Exxon Mobil 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 Key Topics Covered in the Report: – Target Addressable Audience Supply Ecosystem and Competition Parameters Demand Scenario Marketing Strategies Challenges Faced by Lubricant Producers Porter Five Force Analysis Emerging Business Strategies Best Practises in Business Pricing Analysis For More Information on the Research Report, refer to below links: – Malaysia Automotive Lubricant Market Future Related Reports by Ken Research Malaysia Industrial Lubricants Market Outlook to 2023 – By Origin (Mineral Lubricants, Semi-Synthetic Lubricants and Synthetic Lubricants), By Industrial Lubricants (Hydraulic Oils, Industrial Greases, Metal Working Fluid/Cutting Oil, Industrial Gear Oil, Turbine Oil, Compressor Oil and Others), By End Users (Construction & Mining, General Manufacturing, Power Generation, Metal Production, Food Processing, Cement Industry and Others), By Distribution Channel (Direct Sales and Dealer Network) Vietnam Lubricants Market Outlook to 2023 – By Grade (Mineral, Semi-Synthetic and Synthetic Lubricants), By Application (Automotive and Industrial) By Type of Automotive and Industrial Lubricants, By End User of Automotive and Industrial Lubricants End User, and By Distribution Channel of Automotive and Industrial Lubricants Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: Automotive Lubricant Distributors in Malaysia, Automotive Lubricant Industry Malaysia, Automotive Lubricant Market Malaysia, Automotive Lubricant Marketing Strategies, Best Practises Automotive Lubricant Market, Bio-Lubricant in Malaysia, Caltex Malaysia Automotive Lubricants Market Size, Castrol Automotive Lubricant Market Analysis, Commercial Vehicle Lubricant Market, COVID 19 Impact on Automotive Lubricant, E-Fluids in Malaysia, Exxon Mobil Malaysia Lubricants Market Sales Growth, Future of Malaysia Automotive Lubricant Market, Impact of COVID-19 on Lubricant Market Malaysia, Lubricant Industry Malaysia, Lubricant Manufacturing Companies in Malaysia, Lubricant Market Malaysia, Malaysia Auto Lube Market, Malaysia Automotive Grease Market, Malaysia Automotive Industry, Malaysia Automotive Lubricant Industry, Malaysia Automotive Lubricant Industry Research Report, Malaysia Automotive Lubricant Major Players, Malaysia Automotive Lubricant Market, Malaysia Automotive Lubricant Market Analysis, Malaysia Automotive Lubricant Market Outlook, Malaysia Automotive Lubricant Market Research Report, Malaysia Automotive Lubricant Market Revenue, Malaysia Automotive Lubricant Market Share, Malaysia Automotive Lubricant Market Size, Malaysia Downstream Industry, Malaysia Engine Oil Market, Malaysia Gear Oil Market, Malaysia Heavy Duty Engine Oil Market, Malaysia Lubricant Industry, Malaysia Lubricant Market, Malaysia Marine Lubricant Market, Malaysia Mineral Lubricant Market, Malaysia Motorcycle Oil Market, Malaysia Oil Producers Market Share, Malaysia Semi-Synthetic Lubricant Market, Malaysia Shell Synthetic Lubricant Market Revenue, Malaysia Synthetic Lubricant Market, Passenger Car Engine Oil Market in Malaysia, Passenger Vehicle Lubricant Market, Sale Revenue of Lubricant in Malaysia, Transmission Oil Market Malaysia