From Rust to Robust: How the Malaysian Government Fuels Growth in the Automotive Aftermarket Service Sector? – Ken Research The Malaysia after-sales service market recorded a positive CAGR of ~3% during the period 2015-2020. However, the market witnessed a decline in the demand for aftermarket services during the 2nd quarter of 2020 owing to the COVID-19 situation. During that time, the Malaysian market witnessed a decline in new car & used car sales in… Read More »
Malaysia Unorganized Automotive Aftermarket Services Market Poised to register a CAGR of over 11% during the period 2020-25. Will the projections justify growth? 91% of the market is captured by unorganized independent garages which offer personal touch, flexibility, convenience and economic services to the customer: Ken Research 1. Low Service Cost Leading to Higher Preference of Multi Brand Car Service Centers Click to Read Full Article: Malaysia Automotive Aftermarket Service Market When it comes to authorized service car… Read More »
Malaysia Automotive Aftermarket Services Market Poised to register a CAGR of over 3% during the period 2020-25. Will it sustain? : Ken Research The market shall witness a growth of CAGR 3% in the revenue share from the OEM/ Authorized service centers owing to the increased discounts and offers provided by these centers to retain their customers: Ken Research 1. Car Servicing in Malaysia Growing on the Back of Diminishing Average Age of Car Ownership Click to Read… Read More »