Malaysia Automotive Lubricant Market Outlook to 2025

 

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Automotive Lubricants Market in Malaysia is driven by the Growth in Number of Passenger Vehicles on Road and the rapidly increasing demand for High Performing Lubricants Despite their premium pricing: Ken Research

Increase in income level generally in urban areas contributing towards increasing demand for Passenger Vehicles and a shift in preference to expensive synthetic and semi-synthetic lubricants have driven the market for Automotive Lubricants industry in recent years.

A Significant growth has been observed in the number of passenger vehicles on road majorly due to the fact that people prefer travelling by their own vehicle instead of the public transport. On an average, a passenger car and a motorcycle in Malaysia travels ~2,300 km and ~1,800 km respectively on a monthly basis. Major regional hubs in the Malaysia are the Kuala Lumpur, Penang, Perak, Selangor and Johor as majority of vehicles are located in these regions.

Impact of Covid-19: Demand of Lubricants for Heavy duty diesel vehicles was not affected as the major construction and manufacturing activities were permitted during the lockdown, whereas the sales volume of lubricants for passenger vehicles witnessed a double digit decline due to the travel restrictions by the lockdown and work from home introduced by various companies. The average km travelled by a vehicle in the country also declined si

nce the non-essential movement was not permitted in the country. Major companies faced the challenge of importing raw materials and finished products because of the trade restrictions caused by the Covid Pandemic.

Future Trends: Introduction of lubricants for electric vehicles would be a major trend for Automotive Lubricants Market In Malaysia to cater the increasing number of EVs on road. Companies are being forced to change the formulations for their lubricants to cater the demand for the changing vehicle engine norms. Vehicle owners in Malaysia would be switching towards high performance lubricants despite their premium pricing. The automotive lubricants industry would also be supported by the Malaysian government’s National Automotive Policy which tends to focus on strengthening the capabilities of the domestic automotive industry and creating a mechanism to promote investments to ramp up the domestic production which will result in the increased demand for automotive lubricants.

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 synthetic lubricants in Malaysia are expected to showcase the highest growth with a positive double digit CAGR and the passenger vehicle lubricants will occupy almost half of the market share in the coming years.

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

By End User Industry

• Passenger Vehicle
• Commercial Vehicle
• Motorcycles
• Marine

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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: 2014–2019

Forecast Period: 2020-2025

Companies Covered:

• Shell
• Petronas
• Total
• Chevron
• Castrol
• Hyrax
• Mobil
• Others

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

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

Malaysia Automotive Lubricant Market Research Report

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Ankur Gupta, Head Marketing & Communications
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Malaysia Automotive Lubricant Market 2021 Industry Outlook, Share, Size, Opportunities and Forecast to 2027

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Expenditure on automotive lubricant and vehicle servicing is a part of necessary household expenditure for a vehicle owner. Lubricants control friction and wear in the engine, protect the engine from rusting, cool the pistons, and protect the engine oil stored in the sump from combustion gases.

The 'Automotive Lubricant Industry In Malaysia' is at its Growth Stage, increasing with a CAGR (2014-2020) of ~12% by revenue in MYR and ~3% by sales volume in Litres. The growth in the industry is driven by presence of more than ~32 million vehicles on road and rising per capita income in the country.

Formation of ASEAN free trade policy in 2015, led to the emergence of MNCs in Malaysia. The stability of ASEAN’s economy, availability of skilled labour, coupled with its pro-business climate and improving infrastructure led to increase in FDI by automotive OEM. In 2020, more than ~500K vehicles including passenger cars, commercial vehicles and 2W were produced in Malaysia. Proton, Peroduo, Nissan and BMW are the major OEMs in the country. The industry is import driven due to lack of availability of raw materials in Malaysia and only a limited player has their blending plants in the country.

How Is the Market Segmented?

By Grade: Semi Synthetic is the most commonly used lubricant grade primarily due to its high performance and lower costing as compared to the synthetic lubricants. Mineral oils have the lowest drain intervals amongst all the grades of the lubricants.

By Type: In a year, a passenger car, motorcycle and trucks require 8-12L, 3-4L and 18-36L of engine oil. Other lubricants required include Gear and transmission oil, Hydraulic oil, grease and others. Passenger car engine oil accounted for maximum market share due to presence of higher number of passenger cars on road as of 2020.

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By End Users: In Malaysia Passenger Vehicles are the biggest end users followed by commercial vehicles. The average lubricant consumption of commercial vehicles is much higher than that of a passenger car and motorcycle because of difference in size and distance travelled.

By Sales Channel: Direct sales by companies constitute sales from fuel stations and sales to OEMs. Majority of sales are undertaken through indirect distributor network. Through distributor network the lubricants are majorly sold through service stations, garages and OEM workshops as vehicle owners primarily depend on their mechanics for selecting and changing lubricants. Online sales contribute a very small share but with increasing official presence of lubricant manufacturers on e-commerce platforms it is expected to gain traction in the future.

By Viscosity Grade: The viscosity grade of a motor oil provides information on the oil’s resistance to flow in your vehicle’s engine. A lubricant with a low viscosity grade will be more fluid, more liquid, and will flow more easily. Inversely, the higher the grade, the thicker the oil, making its flow slower, which allows the formation of a protective film on engine parts.

Competitive Landscape

The competition in the industry is concentrated with presence of 15-30 lubricant manufacturers. The industry is dominated by multinational oil producers such as Shell, Castrol & Chevron and the national government owned Petronas. Manufacturers are competing on the basis of product portfolio, prices, distribution network, brand value and presence in different motorsports. Manufacturers are continuously trying to evolve their product offering in order to cater to the evolving demand. Manufacturers are venturing into production of E-fluids (lubricants for EVs) to cater to increasing numbers of electric vehicles. Players such as Petronas and Shell have recently launched online sales on Lazada and Shopee Mall.

Malaysia Automotive Lubricants Future Outlook and Projections

The industry faced a downfall in 2020 due to economic slowdown created by coronavirus pandemic. In the next 2-3 years the sales volume for automotive lubricants in Malaysia are expected to grow back to pre-covid numbers.

The demand of synthetic lubricants along with other expensive high-performance E-lubricants is expected to drastically increase which will enable growth in the future. New product launches have assumed more importance than ever for growth of the passenger vehicles in Malaysia. New vehicle models offering smart connectivity features such as remote vehicle access through smartphone apps will get higher customer interest and will induce the growth for the automotive lubricants in the near future.

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
• 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: 2014–2019
• Forecast Period: 2020-2025

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

Related Reports by Ken Research: -

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

Landscape of Malaysia Medical Education Market-Growth in Medical Graduates, Pushing Candidates to Seek Specialization Contributing to Medical Workforce

Contact Us: -

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Malaysia Automotive Lubricant Market Size, Share & Trends, Analysis Report By Application, By Region, And Segment Forecasts Till- 2027

 

The report titled “Malaysia Automotive Lubricant Market Outlook to 2025- Driven by growing adoption of high-performance lubricants, increasing vehicles on road coupled with the availability of products on E-commerce platforms" provides a comprehensive analysis of the Automotive Lubricant Market in Malaysia. The report also initiates by explaining the need and opportunity of automotive lubricant industry in Malaysia. Further it proceeds with explanation of current market size and demand by different segments. It also includes the growth drivers, trends, developments, challenges, value chain analysis and pricing analysis. It gives detailed explanation of competitive scenario including cross comparison between major players, Porter’s Five Force analysis and detailed company profiles of major players. It concludes with future scope and analyst recommendations. 

Market Overview

The industry is at growth stage, with increasing demand of automotive lubricants due to increasing automotive sales. The industry is import driven as both the end product and raw materials are majorly imported from other countries such as Thailand, Singapore, China, Europe and USA. The prices have been continously increasing due to increasing price of base oil and crude oil. Over the review period, Malaysia lubricants market observed a healthy growth both in terms of revenues as well as sales volume. In the year 2020, the market witnessed a double digit negative growth rate because of the covid-19 pandemic. 

Segmentation By Grade (Synthetic, Semi-Synthetic and Mineral)

High performance and expensive synthetic and semi-synthetic lubricants are gaining pace with increasing marketing efforts by lubricant manufacturers and increasing sales margins of synthetic lubricant to mechanics by distributors as well as manufacturers. With increasing use of synthetic lubricants the average per annum requirement of lubricant is falling but the higher prices of synthetic lubricants leads to increasing market revenue. 

Demand By Type (Passenger Car Engine Oil, Heavy Duty Engine Oil, Motorcycle Engine Oil, Hydraulic Oil, Gear Oil & Transmission Oil and Greases)

In 2020, Passenger Car Engine Oil accounted for the leading share in the automotive lubricant sales followed by Heavy Duty Engine Oil, Motorcycle Engine Oil and others. Increasing number of passenger cars, increasing average distance travelled by a vehicle and the high consumption of lubricants in a commercial vehicles are ensuring the dominance of Passenger Car Engine Oil and Heavy Duty Diesel Engine Oil. Large circulation of motorcycles catapulted the share of motorcycle oil to the third highest in the market.

By End Users

Since, number of Passenger Vehicles in Malaysia is higher than other vehciles, they are the biggest consumers of automotive lubricants. The number of passenger vehicles on road is one the rise due to increasing private vehicle ownership because of high per capita income and unreliable public transport system in the country. Increasing average distance travelled by trucks catapulted the share of commercial vehicle to the second highest in the market.

By Sales Channel

Majority of sales were undertaken through distributors followed by direct sales to OEMs and through company owned fuel stations. By distributors maximum sales were attributed to service stations and garages due to high influence of mechanics in lubricant purchase. The share of supermarkets and online retail is low due to the low trust level attributed and relatively new status of these modes of distribution.

Competitive Landscape

The industry is concentrated with presence of around 15-30 manufacturers including multinational oil producers and local manufacturers. The industry is majorly dominated by three major players namely Castrol, Shell and Petronas accounting for a market share of +70% collectively in terms of sales volume in 2020.

Future Outlook and Projection

The industry experienced a major downfall in 2020 due to coronavirus pandemic, but it is expected to gain the pace and recover the loss in the next 2-3 years. Semi-Synthetic and Synthetic grades are expected to gain prominence and favor owing to demand for superior quality and increasing lubricant quality standard awareness among consumers. Introduction of electric vehicle will dampen the demand of traditional engine oil but will drive sales of E-lubricants. Market consolidation will take place as the automotive lubricant industry is a niche space and players with better geographical presence will take over others.

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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
• 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: 2014–2019
• Forecast Period: 2020-2025

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 Practices 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, refer to below link:-

Malaysia Automotive Lubricant Market Research Report

Related Reports

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

Landscape of Malaysia Medical Education Market-Growth in Medical Graduates, Pushing Candidates to Seek Specialization Contributing to Medical Workforce

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249