Malaysia Automotive Lubricant Market - Revenue, Growth Rate Demand Forecast

Expenditure on automotive lubricant and vehicle servicing is a part of 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 (2014-2020) of ~12% by revenue in MYR and ~3% by sales volume in Litres. The growth in the industry is driven by presence of more than ~32 million vehicles on road and rising per capita income in the country.

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 labour, coupled with its pro-business climate and improving infrastructure led to increase in FDI by automotive OEM. In 2020, more than ~500K vehicles including passenger cars, commercial vehicles and 2W were produced in Malaysia. Proton, Peroduo, Nissan and BMW are the major OEMs in the country. The industry is import driven due to lack of availability of raw materials in Malaysia and only a limited player has their blending plants in the country.

How Is the Market Segmented?

By Grade: Semi Synthetic is the most commonly used lubricant grade primarily due to its high performance and lower costing as compared to the synthetic lubricants. Mineral oils have the lowest drain intervals amongst all the grades of the lubricants.

By Type: In a year, a passenger car, motorcycle and trucks require 8-12L, 3-4L and 18-36L of engine oil. Other lubricants required include Gear and transmission oil, Hydraulic oil, grease and others. Passenger car engine oil accounted for maximum market share due to presence of higher number of passenger cars on road as of 2020.

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By End Users: In Malaysia Passenger Vehicles are the biggest end users followed by commercial vehicles. The average lubricant consumption of commercial vehicles is much higher than that of a passenger car and motorcycle because of difference in size and distance travelled.

By Sales Channel: Direct sales by companies constitute sales from fuel stations and sales to OEMs. Majority of sales are undertaken through indirect distributor network. Through distributor network 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 increasing official presence of lubricant manufacturers on e-commerce platforms it is expected to gain traction in the future.

By Viscosity Grade: The viscosity grade of a motor oil provides information on the oil’s resistance to flow in your vehicle’s engine. A lubricant with a low viscosity grade will be more fluid, more liquid, and will flow more easily. Inversely, the higher the grade, the thicker the oil, making its flow slower, which allows the formation of a protective film on engine parts.

Competitive Landscape

The competition in the industry is concentrated with presence of 15-30 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 continuously trying to evolve their product offering in order to cater to the evolving demand. Manufacturers are venturing into production of E-fluids (lubricants for EVs) to cater to increasing numbers of electric vehicles. Players such as Petronas and Shell have recently launched online sales on Lazada and Shopee Mall.

Malaysia Automotive Lubricants Future Outlook and Projections

The industry faced a downfall in 2020 due to economic slowdown created by coronavirus pandemic. In the next 2-3 years the sales volume for automotive lubricants in Malaysia are expected to grow back to pre-covid numbers.

The demand of synthetic lubricants along with other expensive high-performance E-lubricants is expected to drastically increase which will enable growth in the future. New product launches have assumed more importance than ever for growth of the passenger vehicles in Malaysia. New vehicle models offering smart connectivity features such as remote vehicle access through smartphone apps will get higher customer interest and will induce the growth for the automotive lubricants in the near future.

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
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

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

Time Period in the Report

Historical Period: 2014-2020
Forecast Period: 2021F-2025F

Companies Covered:

Shell
Petronas
Total
Chevron
Castrol
Hyrax
Mobil
Others

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

Malaysia Automotive Lubricant Market Research Report

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