Engine Oil Aftermarket, Malaysia, Forecast to 2021

Engine Oil Aftermarket, Malaysia, Forecast to 2021

Increasing New Vehicle Sales and a Growing Number of Vehicles in Operation Likely to Continuously Drive Overall Market Growth

RELEASE DATE
04-Apr-2017
REGION
Asia Pacific
Research Code: 9AB2-00-28-00-00
SKU: AU01467-AP-MR_19864
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Description

The Malaysian engine oil aftermarket is likely to grow from 50.9 million liters in 2015 to 89.4 million liters by 2021 for both passenger vehicle and light commercial truck segments, recording a compound annual growth rate (CAGR) of 9.8%. The number of vehicles in operation (ViO) will increase from a total of 5.6 million units in 2015 to 6.9 million units by 2021. Growth in the Malaysian engine oil aftermarket is influenced by the rapid growth of new vehicle sales and an increasing number of ViO. Synthetic base engine oil, including synthetic and semisynthetic engine oil, is dominating the Malaysian market with a share of 89.1% in 2015. This market share is expected to increase to 90.9% in 2021. The synthetic base oil segment is expected to record positive growth due to its high cost-effectiveness and the trend will continue up to 2021.

Petronas, the local Malaysian engine oil producer, dominated the market in 2015 with a share of 23%, after Shell with a 31% share. The market is highly competitive, with the presence of both international and local brands.

Research Scope:
The aim of this study is to analyze dynamics in the Malaysian engine oil aftermarket, in terms of both passenger vehicles and light commercial vehicles. It provides a sales outlook in terms of the consumption of both new vehicle sales and ViO. This study presents the current scenario in the engine oil aftermarket and offers a forecast of consumption sales up to 2021.

Research Objectives:
•     To provide a strategic overview of the Malaysian engine oil aftermarket, highlighting the main driving factors
•     To estimate the size and sales potential of the Malaysian engine oil aftermarket during 2015–2021
•     To provide an overview of engine oil consumption volumes, by leading vehicle models, leading models of vehicles in operation, and key engine oil brands

Key Questions this Study will Answer:
•     How is the Malaysian engine oil aftermarket expected to change by 2021?
•     What are the top engine oil companies in the Malaysian market?
•     What are the key engine oil business growth opportunities in the market?
•     What is the future consumption volume in the Malaysian engine oil aftermarket?
•     What is the engine oil market demand, in terms of both new vehicle sales and ViO over the coming years?

The research closes with conclusions and a future outlook. Malaysia being a developing country, its automotive industry and engine oil aftermarket are growing rapidly. Leading domestic and international engine oil brands are participating in the Malaysian market. Growth of new vehicle sales and a growing number of vehicles in operation are likely to drive the growth of the engine oil aftermarket in Malaysia up to 2021.

Table of Contents

Executive Summary—Key Findings

Executive Summary—Market Engineering Measurements

Malaysia—Macroeconomic Data

Malaysia—Country Fact Sheet II

Malaysia—Macroeconomic Data

Malaysia—Emission Standards

Malaysia—Distribution Channel Structure

Malaysia—Distribution Channel Structure (continued)

Distribution Channel—Key Market Participants

Malaysia’s National Automotive Policy (NAP) 2015

Research Scope

Research Aims and Objectives

Key Questions this Study will Answer

Research Methodology

Product/Technology Segmentation and Definitions

Vehicle Segmentation

New Vehicles Sales Analysis—Total Sales

New Vehicle Sales Analysis—Percent Sales Breakdown by Vehicle Segment

New Vehicles Sales Analysis—Sales Breakdown by Brands

New Vehicles Sales Analysis—Sales Breakdown by Models, 2015

New Vehicles Sales Analysis—Sales Breakdown by Models, 2021

ViO Forecast

ViO—Percent Breakdown by Segment

ViO—Breakdown by Vehicle Age Group

ViO—Breakdown by Top Model, 2015

ViO—Breakdown by Top Model, 2021

ViO—Top 10 Vehicle Model Breakdown by Age Group

ViO—Average Vehicle Mileage

Market Engineering Measurements

Malaysian Engine Oil Aftermarket—Consumption Volume Forecast

Malaysian Engine Oil Aftermarket—Market Breakdown by Oil Type

Malaysian Engine Oil Aftermarket—Market Breakdown by Oil Brand

Malaysian Engine Oil Aftermarket—Oil Consumption Breakdown by Vehicle Segment

Malaysian Engine Oil Aftermarket—Product Pricing Analysis

Malaysian Engine Oil Aftermarket—Breakdown by Vehicle Segments and Oil Value

Malaysian Engine Oil Aftermarket—Most Attractive Vehicle Models

Malaysian Engine Oil Aftermarket—Replacement Rate of Main Vehicle Segments

Growth Opportunities—Engine Oil Aftermarket in Malaysia

Growth Opportunities—Engine Oil Aftermarket in Malaysia (continued)

Growth Opportunities—Engine Oil Aftermarket in Malaysia (continued)

Strategic Imperatives for Conferencing Service Providers

Key Conclusions and Future Outlook

The Last Word—Three Big Predictions

Legal Disclaimer

Table of Acronyms Used

The Frost & Sullivan Story

Value Proposition: Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
The Malaysian engine oil aftermarket is likely to grow from 50.9 million liters in 2015 to 89.4 million liters by 2021 for both passenger vehicle and light commercial truck segments, recording a compound annual growth rate (CAGR) of 9.8%. The number of vehicles in operation (ViO) will increase from a total of 5.6 million units in 2015 to 6.9 million units by 2021. Growth in the Malaysian engine oil aftermarket is influenced by the rapid growth of new vehicle sales and an increasing number of ViO. Synthetic base engine oil, including synthetic and semisynthetic engine oil, is dominating the Malaysian market with a share of 89.1% in 2015. This market share is expected to increase to 90.9% in 2021. The synthetic base oil segment is expected to record positive growth due to its high cost-effectiveness and the trend will continue up to 2021. Petronas, the local Malaysian engine oil producer, dominated the market in 2015 with a share of 23%, after Shell with a 31% share. The market is highly competitive, with the presence of both international and local brands. Research Scope: The aim of this study is to analyze dynamics in the Malaysian engine oil aftermarket, in terms of both passenger vehicles and light commercial vehicles. It provides a sales outlook in terms of the consumption of both new vehicle sales and ViO. This study presents the current scenario in the engine oil aftermarket and offers a forecast of consumption sales up to 2021. Research Objectives: • To provide a strategic overview of the Malaysian engine oil aftermarket, highlighting the main driving factors • To estimate the size and sales potential of the Malaysian engine oil aftermarket during 2015–2021 • To provide an overview of engine oil consumption volumes, by leading vehicle models, leading models of vehicles in operation, and key engine oil brands Key Questions this Study will Answer: • How is the Malaysian engine oil aftermarket expected to change by 2021? • What are the top engine oil
More Information
No Index No
Podcast No
Author Aina Asri
Industries Automotive
WIP Number 9AB2-00-28-00-00
Is Prebook No