Malaysia Automotive Lubricant Market Industry Analysis, Application Analysis, Growth Rate And Forecast 2021-2027

 

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Increasing Consumption of Semi-Synthetic and Synthetic Lubricants: Synthetic and semi-synthetic lubricants are majorly used in the automotive sector for the efficient functioning / smooth working of automobiles. Semi Synthetic and Synthetic Lubricants are known for better characteristics such as high Viscosity Index (VI), high level of thermal stability, low freezing point, high boiling point and others, therefore these lubricants collectively help in reducing friction in the vehicle. These lubricants are also recommended by the local garage mechanics due to better performance and increased drain intervals when compared with traditional mineral lubricants.

Market Consolidation: The industry is concentrated by multi-national lubricant manufacturers as Shell, Castrol, Total and state-owned Petronas. The companies have been primarily marketing passenger vehicle lubricant brands such as Helix, Syntium, Magnatec and Edge which are also some of the few bestselling brands in the category. Even with the presence of local blending plants of market leading manufacturers in Malaysia, the industry is highly dependent on imports from countries such as Singapore, Thailand, China, Europe, and USA due to lack of raw material, technology and required infrastructure in Malaysia.

Automotive Lubricants are expected to witness the largest growth in passenger vehicles due to the increasing per capita disposable income and shift in consumer preference towards latest models with low emissions and high fuel economy. The market growth will also be supported by increasing urbanization and upsurge in personal travel needs. High performing automotive lubricants provide various advantages such as longer equipment life cycle, higher reliability, cost reduction and more.

The report titled “Malaysia Automotive Lubricants Market outlook to FY2026” by Ken Research suggested that the Automotive Lubricants Market revenue is expected to grow at a double digit positive CAGR and the Automotive Lubricants Market sales volume is expected to grow at a single digit positive CAGR. The industry in Malaysia is at its growth stage and the demand will continue to grow owing to increasing number of private as well as commercial vehicle, increasing awareness about automobile servicing and shift in preference towards high performance expensive lubricants.

Key Segments Covered in the Report: -

Market Size of Malaysia Automotive Lubricants in terms of Sales Volume in Mn L, 2020

Market Size of Malaysia Automotive Lubricants in terms of Sales Revenue in MYR, 2020

Market Segmentation of Malaysia Automotive Lubricants in terms of Sales Volume in Mn L, 2020

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By End User Industry

Passenger Vehicle

Commercial Vehicle

Motorcycles

Marine

By Grade

Synthetic

Semi-Synthetic

Mineral

By Type

Passenger Car Engine Oil

Heavy Duty Engine Oil

Motorcycle Oil

Gear oil and Transmission Oil

Hydraulic Oil

Grease and others

By Sales Channel

OEMs

Fuel Stations

OEM Workshops and Spare Part Shops

Service Stations and Garages

Online

Hypermarket/Supermarket

By Viscosity Grade

0W-20

5W-40

10W-40

15W-40

15W-50

Others

Key Target Audience

Lubricant Manufacturing Companies

Oil Producers

Lubricant Distributors

Government Associations

Time Period Captured in the Report: -

Historical Period: 2014–2020

Forecast Period: 2021-2025

Key Topics Covered in the Report: -

Automotive Lubricants Market Size on the Basis of Sales Volume and Revenue

Automotive Lubricants Market Segmentation – By type of Lubricant, By Grade of Lubricant, By Viscosity, By End Users

Target Addressable Audience – Passenger and Commercial Vehicles, Regional Analysis, Used Car Sales

Supply Ecosystem and Competition Parameters

Value chain analysis in the Automotive Lubricants Market in Malaysia

Demand Scenario

Trends and Developments in Automotive Industry in Malaysia

Growth Drivers for Automotive Industry in Malaysia

Marketing Strategies

Challenges Faced by Lubricant Producers

Porter Five Force Analysis

Emerging Business Strategies

Best Practises in Business

Pricing Analysis

Customer Buying Decision Parameters

Cross Comparison between Major Players in the Industry

Impact of Covid-19 on the Automotive Lubricants Industry in Malaysia

Future Projections and Market Size for Malaysia Automotive Lubricants Industry

Time Period in the Report

Historical Period: 2014-2020

Forecast Period: 2021F-2025F

Companies Covered:

Shell

Petronas

Total

Chevron

Castrol

Hyrax

Mobil

Others

For More Information on the research report, refer to below link: -

Malaysia Automotive Lubricant Market Research Report

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Malaysia Used Car Market Outlook To 2025 (Second edition) – Growth of Online Used Car Platforms and increased shift from using public transport to personal cars, fueled by Covid-19 to accelerate Industry's Growth

Indonesia Automotive Aftermarket Service Market Outlook to 2026: Influx of new players and car variants from abroad are contributing to the growth of automotive aftermarket service industry in Indonesia

Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249