Automotive Lubricants in Malaysia is expected to Generate MYR 13 Billion by selling ~281 Million Liters of Lubricants by 2025: Ken Research 1. Increasing Automotive Demand and a Growing Number of Automotive OEMs Driving the Automotive Lubricants Industry in Malaysia The Malaysia Automotive Lubricants Market is at its Growth Stage, increasing with a CAGR (2014-2020) of 11.7% and 2.7% by revenue and sales volume respectively. The industry experienced a drastic fall in lubricant sales due to the… Read More »
COVID-19 Impact on Malaysia Automotive Lubricant Market Slow Auto Sales Curb Industry Growth: Ken Research Malaysia automotive sales a slowdown will lead to a decrease in demand for auto lubricants. Companies need to evolve their product offerings and develop a reliable lubricant distribution network to maintain a competitive edge in the industry and to recover its sales. Effect on Business Auto sales already faced a downfall in 2019, but in… Read More »
Future of Automotive Lubricant Industry in Malaysia: Ken Research 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… Read More »
Rising Passenger Vehicle Sales Continue to Bolster Automotive Lubricant Sales in Malaysia: Ken Research Passenger cars, motorcycles, and trucks on an average require 8-12L, 3-4L, and 18-36L of engine oil per year respectively. In 2019, ~31 million vehicles were on road in Malaysia and ~600,000 new vehicles are registered in the country every year. The growing per capita income and unreliable public transport have been driving the sales of… Read More »
Malaysia Automotive Lubricant Market Outlook to 2025: Ken Research The report titled “Malaysia Automotive Lubricant Market Outlook to 2025- Driven by Growing Vehicle Ownership & Preference for Synthetic Lubricants“ provides a comprehensive analysis of the Lubricant Market in Malaysia. The report also initiates by explaining the need and opportunity of the automotive lubricant industry. Further, it proceeds with an explanation of current demand and demand… Read More »
