Press release
Malaysia Automotive Lubricant Market
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 since 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.
Visit @ https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/malaysia-automotive-lubricant-market-outlook-to-2025/484734-100.html
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
Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDcyODI3
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
For more details @ https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/malaysia-automotive-lubricant-market-outlook-to-2025/484734-100.html
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: -
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/education-and-recruitment/education/landscape-of-malaysia-medical-education-market/456317-99.html
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