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 centers, high spare part cost is charged due to genuineness of parts & high labour cost. Extra services will be invariably charged separately for labour hours whereas, Multi Brand Car Service centres avail comparatively 40% less cost. Moreover, High level of customization & personal service is also available & owners can request a particular mechanic to work on car & supervise the operation.

2. Marketing Strategies & targeting a specific group Leading to Growth of OEM/Authorized Service Centers.

Request a Free Sample to learn more about the report: Click here

Over 50% of the car parc in Malaysia are in the age group of 1-5 years, which leads to high demand for the authorized after sales workshop in Malaysia. Moreover, extended 2 year warranty for few brands in Malaysia is leading to an increased demand for the after sales services from an authorized service center. Authorized after sales workshops in Malaysia are offering ~20-30% discount on their services to attract the post warranty customers who generally prefer the multi brand workshops. Authorized after sales workshops providing additional value-added services and warranty on the serviced to retain their customers. All in all, higher transparency in authorized workshops is attracting the customers also after post warranty.

3. Organized Multi Brand Service Centers to Witness Increasing Market Share with Entrance of New Players.

Visit this Link: – Request for custom report

Malaysia aftermarket service market anticipated to record a CAGR of over 3% during the period 2020-2025. The market shall witness a growth 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. The market shall also witness surge in the sale of used cars in Malaysia leading to the growth of car service market. Entry of new players is expected in the years to come.

Malaysia Automotive Aftermarket Services Market Poised to register a CAGR of over 3% during the period 2020-25. Will it sustain? : Ken Research

 Buy Now

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 Full Article: Malaysia Automotive Aftermarket Services Market

Automotive aftermarket service started back in 1960's in Malaysia. The companies seen during this period included Kah Motor (Honda Dealer), Tan Chong Motors (Nissan Dealer) and others. Car service industry in Malaysia is growing at a CAGR of over 3%during 2015-2020. Proton and Perodua are the most popular homegrown car brands in Malaysia. Malaysia automotive ecosystem consists of 25 vehicle manufacturers and assemblers, 600 local vendors and 50,000 aftermarket establishments. Malaysia automotive ecosystem consists of over 600,000 jobs.

2. Malaysia Automotive Aftermarket Service Industry Growing with Surging Used Car Sales

To learn more about this report Download a Free Sample Report

The used car sales in Malaysia has been growing steadily, benefitting the aftermarket service industry. Used car sales in Malaysia steady despite pandemic, as it has deterred people from using public transport leading to higher demand for post warranty service from multi-brand workshops. The used car sales in Malaysia recorded a CAGR of over 4% during 2015-2020.No End of Life (ELV) Vehicle Policy  is Malaysia is leading to the surging number of used cars in Malaysia.

3. Malaysia aftermarket service market anticipated to record a CAGR of over 3% during the period 2020-2025

Visit this Link: – Request for custom report

NAP2020 aims to enhance Malaysia’s automotive Industry in the era of digital industrial transformation from 2020-2030. The Malaysia automotive aftermarket service market is anticipated to witness a surge in the number of organized multiband service centers to cater to the demand of the post warranty car users. The car maintenance market is anticipated to evolve in the next few years with the entrance of EEVs which will demand different maintenance requirement away from the current maintenance practice. The Malaysian automotive market is anticipated to witness more number of player providing extended warranties which would lead to a higher demand for the car service from OEMs. The market is anticipated to grow at a CAGR of over 3% in the upcoming years.