Showing posts with label Malaysia Auto Finance Industry Outlook. Show all posts
Showing posts with label Malaysia Auto Finance Industry Outlook. Show all posts

Thursday, November 17, 2022

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: Government has introduced various programmes for developing roads and other infrastructure. It has set a substantial budget for transport development works to help boost the country’s economy. The Finance Ministry has announced US$829.6 million will be used for infrastructure projects. 

Boosting second hand vehicle sales: With this extended warranty programme, used car dealers are protected from the risk associated with sourcing, such as trading cars with pre-existing issues, in-scope components condition, or reported beyond economical repair. Strict Puspakom (Malaysian computerized vehicle Inspection Company) inspection is followed.

Limited Research & Development: Presently, while local manufacturers and assemblers of motor vehicles undertake R&D activities, their total expenditures on R&D are still small, compared with other global automotive producers. Manufacturers of parts and components based in the country, which have the capacity and capability to design, develop and export their products, are Tier-1 suppliers, which are mostly foreign-owned. Local suppliers, which are mostly in Tiers2 and 3, lack the capacity and capability in R&D, and are dependent on the design technology from the automotive manufacturers. To remain competitive, global producers are increasingly outsourcing their non-critical R&D activities. A similar arrangement will need to be undertaken by domestic manufacturers.

Analysts at Ken Research in their latest publication- “Malaysia Automotive Finance Market Outlook to 2026-Driven by exorbitant car prices, growing digital penetration, preference for owning passenger cars amidst systematically regulated car ownership policies by the Government” by Ken Research provides a comprehensive analysis of the potential of Automotive Finance Industry in Malaysia. The rising demand for new and used cars among the population, along with the easy availability of finance and low interest rates and Government Initiatives, the automotive finance market has shown a significant growth during the current period.

malaysia-automotive-finance-market

Key Segments Covered: -

Malaysia Automotive Finance Market:

By Distribution Channels:

OEMs

Banks

NBFCs

Commercial Banks

Investment Bank

Islamic Banks

By type of Vehicles:

Passenger

Commercial

By tenure of Loan:

0-5

6-7

8-9

By condition of Vehicle:

New

Old

By Region:

Central

Southern

Eastern

Northern

Other

Request for Free Sample Report: - https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTUz

Key Target Audience

Auto Finance Providers

Insurance companies

Car Manufacturers

Financial service provider

NBFCs

Fin-tech companies

Global automotive finance companies

Government Bodies & Regulating Authorities

Time Period Captured in the Report:

Historical Year: 2016-2021

Base Year: 2021

Forecast Period: 2022F– 2026F

Companies Covered:

Auto Finance Providers

Maybank

Public Bank

CIMB

Hong Leong

Ambank

RHB Bank

Affin Bank

Bank Simpanan Nasional

Key Topics Covered in the Report

Malaysia Automotive Finance Market Overview

Ecosystem of Malaysia Automotive Finance Market

Business Cycle and Genesis of Malaysia Automotive Finance Market

Export and Import Overview of Malaysia Automotive market

Industry Analysis of Malaysia Automotive Finance Market

SWOT Analysis of Malaysia Automotive Finance Market

 Malaysia Auto-finance market Value Chain

Non-Performing Assets in Auto-finance Segment

Major types of Auto loans in Malaysia

Key Growth Drivers in Auto Finance Market in Malaysia

Major Challenges and Bottlenecks in Malaysia Automotive Finance Market

Regulatory Framework in Malaysia Automotive Finance Market

Competitive Landscape in in Malaysia Automotive Finance Market

Market Share of Major Auto Finance Providers in Malaysia Automotive Finance Market

Detailed Analysis on Malaysia Automotive Finance Market (Market Size and Segmentation, 2016-2022; Future Market Size and Segmentation, 2023-2027F)

Market Opportunity and Analyst Recommendations

For more insights on the market intelligence, refer to the link below: -

Malaysia Automotive Finance Market Outlook to 2026

Related Reports by Ken Research: -

Qatar Auto Finance Market Outlook to 2026F

Vietnam Auto Finance Market Outlook to 2026F