Automotive Lubricants in Malaysia is expected to Generate around MYR 12 Bn by 2025- Major growth drivers which will help the industry boom? Ken Research The Government of Malaysia through its National Automotive Policy is focusing on strengthening the capabilities of the domestic automotive industry and creating a mechanism to promote investments to ramp up the domestic production, says a report by Ken Research Passenger Car Motor Oil is the leading type of Automotive Lubricant in the Malaysian Market due… Read More »
As of 2020, presence of over 30 Mn vehicles on road in Malaysia, which is increasing year on year, Will the Malaysia Lubricant market will be able to support it? 1.With more than 32 million vehicles on road in 2020, Malaysia is the 3rd largest Automotive Industry in SEA – Region Vehicle sales volume is expected to grow due to factors including lower interest rates for loans to buy cars and introduction of new vehicle models such as Electric Vehicles (EV) indicating demand for Automotive… 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 »
