Malaysia Automotive Finance market is expected to grow at 3% By 2026: Ken Research The Malaysian automotive industry is the third largest in Southeast Asia, and the 23rd largest in the world, with an annual production output of over 500,000 vehicles. The automotive industry contributes 4% to Malaysia’s GDP. Story outline Increasing middle-class population with higher disposable income drives automotive finance industry Malaysia’s number of vehicle finance population reached~ 33.3 million, emphasizing… Read More »
Malaysia Automotive Finance Industry is expected to grow at a CAGR of ~3% between 2022-2026F owning to increasing passenger car sales, upcoming brand-new car models and strict government regulations: Ken Research Malaysia Automotive Finance Market is in the growing stage, being driven by increasing passenger car ownership, emergence of new players, innovation and government initiatives. There are several players in the Malaysia auto finance market some of which are Al Rajhi Bank, Maybank, Affin Bank, CIMB Bank and AmBank group. Government is planning to establish a… Read More »
Increasing Car Prices Creates Demand For Malaysia’s Auto Finance Industry; It Is Expected To Grow At A ~3% CAGR From 2022-2026 – Ken Research 1. Import of Automobiles is very prominent in Malaysia; High imports create business opportunity for Banks and other auto-finance providers For more information, Request a Free Sample Report ASEAN, with a population size of 560 million, provides a vast market potential for the automotive industry. Global automotive manufacturers have been positioning themselves in the region,… Read More »
Number of passenger car ownership in Malaysia exceeded the population in Malaysia and As demand for automobile rises, the demand for auto-financing rises automatically: Ken Research High Car Ownership: Malaysia has relatively younger population who are more enthusiastic about cars. Malaysia’s car market is very small with high ownership of cars in Malaysia. Malaysians prefer to own a personal vehicle rather than using public transport. Most of people start owning a car at an early age in Malaysia. Infrastructure Development Programmes:… Read More »
