openPR Logo
Press release

Malaysia Automotive Lubricant Market - Revenue, Growth Rate Demand Forecast

11-16-2021 05:34 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research

Malaysia Automotive Lubricant Market - Revenue, Growth Rate

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

Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDcyODI3

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: -

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/malaysia-automotive-lubricant-market-outlook-to-2025/484734-100.html

Related Reports by Ken Research: -

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/malaysia-used-car-market-outlook-to-2025/472827-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/indonesia-automotive-aftermarket-service-market-outlook-to-2026/444310-100.html

Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Malaysia Automotive Lubricant Market - Revenue, Growth Rate Demand Forecast here

News-ID: 2464410 • Views: 367

More Releases from Ken Research

Asia Pacific Digital Manufacturing Market 2021-2031 Research Report by Component …
According to our research analysis, Asia Pacific digital manufacturing market 2021-2031 will grow by 16.8% annually with a total addressable market cap of USD 1,196.3 billion over 2022-2031, driven by the emerging trend of digitalization, the extensive research and development (R&D) in the field of production technologies, the development of technologically advanced and innovative digital manufacturing tools, the implementation of the Internet of Things (IoT) and robotics, along with the
Europe Digital Manufacturing Market 2021-2031 Research Report by Size, Share, Gr …
According to our research analysis, Europe digital manufacturing market 2021-2031 was valued at USD 50.7 million in 2021 and will grow by 13.5% annually over 2021-2031, driven by the emerging trend of digitalization, the extensive research and development (R&D) in the field of production technologies, the development of technologically advanced and innovative digital manufacturing tools, the implementation of the Internet of Things (IoT) and robotics, along with the increasing adoption
Kuwait Logistics and Warehousing Market Research Report, Size, Share, Growth, Tr …
The growth of freight forwarding in Kuwait was assisted by development in key industries such as oil and gas, manufacturing, retail, wholesale, construction, agriculture and mining. The Kuwait market observed the entry of several foreign players as flexible policies were introduced by the government to boost the economic growth of the region. Sea (Inland Waterway and maritime) registered in freight movement in freight forwarding market in 2017 owing to
Kuwait Education Market Research Report 2022, Size, Share, Growth, Demand, Futur …
Kuwait's education market is in its growth stage. Transformations and overhauls brought in the complete education curriculum through government interventions & subsidies extended has been a key market assistance parameter. The two key organizations that oversee the functions of this sector in Kuwait are the Ministry of Education and the Ministry of Higher Education. The education market in Kuwait has dominated a revenue growth close to close to 6% throughout 2012-2017.

All 5 Releases


More Releases for Lubricant

Industrial Lubricant Market Outlook To 2024
Industrial Lubricant Market Outlook To 2024: Key Product Categories (Engine Oils, Process Oils, Metalworking Fluids, General Oils), Application (Textiles, Energy, Food Processing, Metalworking, Hydraulic), Regional Segmentation, Competitive Dynamics, Pricing Analysis (OPP, IPP, RAP) And Segment Forecast The global industrial lubricant market is expected to grow to 70 billion USD by the end of the year 2024 with a CAGR of 3.1% till 3024. A wide range of application in sectors like,
Polyolesters Biobased Lubricants Lubricant Additives Market 2023
Global Polyolesters for Bio-based Lubricants and Lubricant Additives Market: Overview Polyolester lubricants (POE) are lubricant oils that used in a wide range of application as they can work under varying temperatures, which range anywhere between -75 F to 600 F. The remarkable adaptability of these lubricants, high solvency and dispersibility, good oxidative stability, and low volatility are expected to make a significant contribution to the soaring revenue of the global polyolesters
Vietnam automobile lubricant market beckons
With automotive lubricant demand rising from 2.6 million liters (in 2015) to 4.1 million liters (in 2021), global and regional manufacturers are taking notice of the Vietnam market. How can brands win in this market? Leon Perera, Chief Executive Officer of Spire Research and Consulting, shared his insights on key trends in the Lube Report Asia magazine. With many players competing in the Southeast Asia market for motorcycle lubricants, leaders will
Global Lubricant Additives Market Report, 2017-2025
IndexBox has just published a new report "World: Prepared Additives For Mineral Oils - Market Report. Analysis and Forecast to 2025" ( http://www.indexbox.co.uk/store/world-prepared-additives-for-mineral-oils-market-report-analysis-and-forecast-to-2020/?utm_source=opr ). This report is best suitable for you if you: • Are planning to enter a new geographical market and wish to know which one is best for your product • Are planning to enter a new product market and want to have a detailed overview of the market before
Lubricant Additives Market | Analysis & Trends 2020
The leading players in the global lubricant additives market are focusing on product innovation to develop and design improved products, reports Transparency Market Research (TMR) in a new study. The intensely competitive market has a few leading players such as Chevron Oronite Company LLC, Afton Chemical Corporation, The Lubrizol Corporation, and Infineum International Limited. In the short term, companies are focusing on developing products that not only meet consumer needs
Europe Lubricant Industry 2017 Market Research Report
The Europe Lubricant Industry 2017 Market Research Report is a professional and in-depth study on the current state of the Lubricant industry. Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Lubricant market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status. Secondly, development policies and plans are discussed as well as manufacturing processes and cost structures.