Malaysia Multi Brand Aftermarket Industry Overview:
Malaysia's automotive
aftermarket service sector sales were USD xx Bn in 2020, with a CAGR of
2.9% from 2015 to 2020. Users with out-of-warranty vehicles choose multi-brand
car servicing outlets. The availability of quality spares from reputable
suppliers, as well as the lower cost of multi-brand repair centers, is driving
the expansion of multi-brand auto service facilities in Malaysia. The vast
majority of pre-warranty vehicles attend OEM car servicing centers in Malaysia.
Other reasons why a consumer selects OEM service facilities in Malaysia include
high-quality servicing, genuine spare parts, and greater dependability.
Report Analysis
According to the
research report, “Malaysia Automotive
Aftermarket Service Market Outlook to 2025: Surging Used Car Sales contributing
to the Growth of Automotive Aftermarket Service Industry in Malaysia” asserts that the
Malaysia Automotive Aftermarket Service market will continue to develop in the
near future due to rising used car sales and the entry of new players,
primarily during the forecast period of 2025. The sector is also primarily
propelled by car owners' desires to improve the performance of their vehicles
in terms of exhaust sound, speed, and cosmetic standards, among many other
elements. Additionally, Malaysia is seeing an increase in used car sales, which
is leading to the country's rising average age of cars, providing momentum to
the automotive servicing business.
Malaysia Four Wheeler Aftermarket Service Market Segmentation
Ø By Type of Workshop:
Based on the types of
workshops, the Malaysia Automotive Aftermarket Services Market is primarily
driven by OEM and Multi-Brand. In Malaysia, the car servicing market was found
to be dominated by the multi-brand workshop category. The market's increased
availability of post-warranty vehicles is driving up demand for multi-brand
auto servicing facilities.
Ø By Type of Multi
Brand:
In terms of
multi-brand, the type of multi-brand is categorized into organized and
non-organized markets. Among these in Malaysia, the multi-brand automobile
service market is dominated by the unorganized multi-brand car service
facility. Due to Malaysia's low entry hurdles, there are now many unorganized
multi-brand players and local garages operating there.
Ø By Type of Vehicles:
On the basis of types
of vehicles, the market constitutes Sedan, SUVs, Hatchback, and MPV. Among
these, the bulk of sedan car sales in Malaysia must result in a big number of
sedan automobiles visiting car service centers for car servicing Malaysia.
Sedans account for the majority of revenue in Malaysia's automobile service
market, followed by Hatchbacks, SUVs, and MPVs.
Ø By Services:
The Malaysia
automotive aftersales market in terms of services includes maintenance, repair
& replacement & body care. The maintenance car service segment
dominated the Malaysian automobile service market. Engine oil filter
replacement, brake fluid, battery check, fuel filter, spark plugs, radiator
coolant, and other services are included in this sector.
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Malaysia OEM
Aftermarket Industry Major Players:
The Malaysian
Automotive Aftermarket Service Industry has some major players in the OEM
car service and multi-brand car service market.
OEM vehicle service
firms were found to compete based on the number of dealerships, service
facilities, service lead time, number of cars serviced, source of spare parts,
Services Offered, USP, Recent Development, and Booking Mode. Some OEM
automotive after-service markets are Honda, Toyota, Nissan, Proton, and others.
Multi-brand automobile
service providers competed on the grounds of brands serviced, the number of
stores, service lead - times, number of cars maintained properly, USP, and
services offered. Dtox, Auto Mobile Garage, Autohaus KL, Prestige cars, and
some others are the service providers in this segment.
Regional Analysis
The Malaysia
Automotive Aftersale service market is primarily split into Central, East,
South, and North. Among these in Malaysia, the market for car automotive
aftersale services was dominated by the central region. The Central area has a
significant population and the capital city Kuala Lampur is located there,
which accounts for the majority of automobile sales and the market's
contribution to car servicing.
Malaysia
Automotive Car Service Market Future Outlook
The Malaysia
Automotive Aftermarket service market Revenue is expected to increase to USD xx
Bn by 2025, representing a CAGR of 3.1% over the projected period 2020-2025.
The car maintenance market is expected to evolve in the coming years with the
introduction of EEVs, which would necessitate different maintenance
requirements than present methods.
Key Topics Covered in the Report
·
Malaysia Automotive Aftermarket Service Industry
Overview
·
Ecosystem of Entities in Car Servicing in
Malaysia
·
Trends and Development in Malaysia Automotive
After Market Service Industry
·
Automotive
Spare Parts Companies in Malaysia
·
Issues and Challenges in Malaysia Automotive
After Market Service Industry
·
Porters Five Forces Analysis: Automotive
Aftermarket Service in Malaysia
·
Government Regulation in Malaysia Automotive
After Market Service Industry
·
Market Size of Malaysia After Market Service
Industry
·
Malaysia Automotive Aftermarket Service Industry
Segmentation
·
Competition in Malaysia OEM Aftermarket Industry
·
Strength and Weakness of Major Players in Malaysia
OEM Automotive Aftermarket Industry
·
Competition in Malaysia Multi Brand Aftermarket
Industry
·
Pricing Comparison of Major OEM Car Service
Companies
·
Pricing Comparison of Major Multi Brand Car
Service Companies
·
Operating Model of Organized and Unorganized
Workshops
·
Operating Model of OEM Workshops
·
Malaysia Spare Parts Aftermarket Industry
Overview
·
Sourcing Spare Parts for Automobile Service
Centers (OEM/Authorized Service Centers & Multi-Brand Service Centers)
·
Malaysia Automotive Aftermarket Car Service Market
Future Market Size
·
Future Outlook and Projections for Malaysia
Automotive Service Market
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