Malaysia Automotive Market, 2020

Malaysia Automotive Market, 2020

Passenger Vehicle Sales Continue to Increase, Bringing 0.7% Year-on-Year Growth to the Entire Automotive Industry

RELEASE DATE
26-Mar-2020
REGION
Asia Pacific
Research Code: PB02-01-00-00-00
SKU: AU01974-AP-MO_24223
$4,950.00
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Description

From 2018 to 2019, the Association of South East Asian Nations (ASEAN) automotive market decreased by 2.9% year-on-year (YoY), and total sales reached 3.5 million units. The main reasons include the direct impact of the global economic slowdown on automotive sales, and decline in sales faced by Indonesia (by political activities), which is the leader of the ASEAN, with a 29.8% share.

In 2019, Malaysia’s total industry volume (TIV) achieved 604,290 units. It is expected to increase to 608,800 units by 2020, with an increase of 0.7% year-on-year (YoY). Gasoline powertrain dominates the Malaysian automotive market with a market share of 82.6%.

In Malaysia, the passenger vehicle market is dominated by passenger cars and sport-utility vehicle (SUV) segments, accounting for 69.5% and 22.5% of share, respectively. This is followed by multi-purpose vehicles (MPVs) and window vans, with a combined share of 8%. MPVs, in particular, have lost their market attractiveness, falling from 12.3% of the share in 2018. The main reasons include market competition of new SUV models and affordable prices offered by SUVs.

The commercial vehicle market decreased by 17.4% from 65,510 units in 2018 to 54,110 units in 2019. Pickup was highly popular, and accounted for 64.5% of the share in 2019. This was followed by trucks (23.2%) and panel vans (8.3%).

A total of 9,760 electric vehicles were sold in Malaysia. Plug-in hybrid electric vehicles (PHEVs) accounted for 98.9% of battery electric vehicles (BEVs) which accounted for 1.1%. Low fuel prices and lack of direct incentives have led to low BEV adoption. Premium OEMs, especially BMW is the main contributor, accounting for 78.8% of share.

In Malaysia, the shared mobility market is concentrated in Klang Valley, Johor Bahru, and George Town. The eHailing market has undergone a transformation by obtaining Public Service Vehicle (PSV) licenses. Its growth has been challenged by the mandatory regulations of the Malaysian government. Its fleet decreased from 209,100 vehicles in 2018 to 101,080 vehicles in 2019. Nevertheless, it is expected that the fleet size will increase by 2020.

Comparatively, oBike and Mobike cancelled bicycle sharing operations in Malaysia in 2019. LinkBike continues to operate in George Town with a total of 250 bicycles. eScooter sharing operators including Beam, Tryke, and Neuron Mobility which began to penetrate Malaysia in 2019.
Smartphone connectivity is the basic feature of connected passenger vehicles and connected commercial trucks. The connected mobility market will focus on the use of in-vehicle applications and remote access to vehicles. Anti-theft, fuel monitoring, and cargo safety are the expected features required in Malaysia.

Research Scope

This study aims to provide a strategic outlook of the automotive industry including both commercial and passenger vehicles in Malaysia. It offers a snapshot of the current automotive market in Malaysia. It presents current scenarios in the sharing mobility industry, including eHailing, car sharing, bicycle sharing, and eScooter sharing services. It provides a market overview between 2018 and 2020.

Research Objectives

  • To provide a strategic overview of the passenger and commercial vehicle market in Malaysia.
  • To present and predict total industry volume of the passenger and commercial vehicle market in Malaysia towards 2020.
  • To offer a current market overview of the Malaysian shared mobility industry.
  • To provide a snapshot of the Malaysian connected mobility industry.
  • To present Government policies and future trends towards automotive and shared mobility industry in Malaysia.

Key Issues Addressed

  • What are the current scenarios and future trends of the automotive and shared mobility segments in Malaysia?
  • What are the Government regulations of the automotive and shared mobility industries in Malaysia?
  • What is the current status of electric vehicles (EVs) and EV-related industries in Malaysia?
  • Who are the key market participants in the automotive and shared mobility segments in Malaysia?
  • Who are the main market players in the connected vehicle industry in Malaysia?

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Key Findings

Automotive Market Outlook in Malaysia

Key Automotive Market Highlights in 2019

Growth Outlook 2020

Research Scope

Research Aims and Objective

Key Questions this Study will Answer

Research Methodology

ASEAN Automotive Market Snapshot

Malaysia’s Automotive Market Snapshot

Automotive Market Breakdown by Vehicle Segments

Leading OEMs and Vehicle Models in Malaysia

Emission Standard and Fuel Specification

Key Predictions in 2020—Malaysia’s Automotive Market

Key Government Regulations

Electric Vehicle Market Snapshot

Electric Vehicle Product Launch Roadmap

Electric Vehicle Charging Infrastructure Snapshot

Leading Charging Operators

Charging Infrastructure Development Plan in Malaysia

Key Predictions in 2020—Malaysia’s Electric Vehicle Market

Key Government Regulations

Car Sharing Market Snapshot

Leading Car Sharing Operators

eHailing Market Snapshot

Leading eHailing Operators

Bicycle Sharing Market Snapshot

Leading Bicycle Sharing Operators

eScooter Sharing Market Snapshot

Leading eScooter Sharing Operators

Key Predictions in 2020—Malaysia’s Shared Mobility Market

Connected Passenger Vehicle Solutions Snapshot in Malaysia

Connected Passenger Vehicle Case Study—Proton X70

Connected Commercial Vehicle Solutions Snapshot in Malaysia

Key Predictions in 2020—Malaysia’s Connected Mobility Market

Growth Opportunity—Automotive Market in Malaysia

Strategic Imperatives for Success and Growth

Key Trends and Recommendations

The Last Word—3 Big Predictions

Legal Disclaimer

Acronyms Used

Market Engineering Methodology

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
From 2018 to 2019, the Association of South East Asian Nations (ASEAN) automotive market decreased by 2.9% year-on-year (YoY), and total sales reached 3.5 million units. The main reasons include the direct impact of the global economic slowdown on automotive sales, and decline in sales faced by Indonesia (by political activities), which is the leader of the ASEAN, with a 29.8% share. In 2019, Malaysias total industry volume (TIV) achieved 604,290 units. It is expected to increase to 608,800 units by 2020, with an increase of 0.7% year-on-year (YoY). Gasoline powertrain dominates the Malaysian automotive market with a market share of 82.6%. In Malaysia, the passenger vehicle market is dominated by passenger cars and sport-utility vehicle (SUV) segments, accounting for 69.5% and 22.5% of share, respectively. This is followed by multi-purpose vehicles (MPVs) and window vans, with a combined share of 8%. MPVs, in particular, have lost their market attractiveness, falling from 12.3% of the share in 2018. The main reasons include market competition of new SUV models and affordable prices offered by SUVs. The commercial vehicle market decreased by 17.4% from 65,510 units in 2018 to 54,110 units in 2019. Pickup was highly popular, and accounted for 64.5% of the share in 2019. This was followed by trucks (23.2%) and panel vans (8.3%). A total of 9,760 electric vehicles were sold in Malaysia. Plug-in hybrid electric vehicles (PHEVs) accounted for 98.9% of battery electric vehicles (BEVs) which accounted for 1.1%. Low fuel prices and lack of direct incentives have led to low BEV adoption. Premium OEMs, especially BMW is the main contributor, accounting for 78.8% of share. In Malaysia, the shared mobility market is concentrated in Klang Valley, Johor Bahru, and George Town. The eHailing market has undergone a transformation by obtaining Public Service Vehicle (PSV) licenses. Its growth has been challenged by the mandatory regulations of the Malaysian government. Its fleet decreased from 209,100 vehicles in 2018 to 101,080 vehicles in 2019. Nevertheless, it is expected that the fleet size will increase by 2020. Comparatively, oBike and Mobike cancelled bicycle sharing operations in Malaysia in 2019. LinkBike continues to operate in George Town with a total of 250 bicycles. eScooter sharing operators including Beam, Tryke, and Neuron Mobility which began to penetrate Malaysia in 2019. Smartphone connectivity is the basic feature of connected passenger vehicles and connected commercial trucks. The connected mobility market will focus on the use of in-vehicle applications and remote access to vehicles. Anti-theft, fuel monitoring, and cargo safety are the expected features required in Malaysia.--BEGIN PROMO--

Research Scope

This study aims to provide a strategic outlook of the automotive industry including both commercial and passenger vehicles in Malaysia. It offers a snapshot of the current automotive market in Malaysia. It presents current scenarios in the sharing mobility industry, including eHailing, car sharing, bicycle sharing, and eScooter sharing services. It provides a market overview between 2018 and 2020.

Research Objectives

  • To provide a strategic overview of the passenger and commercial vehicle market in Malaysia.
  • To present and predict total industry volume of the passenger and commercial vehicle market in Malaysia towards 2020.
  • To offer a current market overview of the Malaysian shared mobility industry.
  • To provide a snapshot of the Malaysian connected mobility industry.
  • To present Government policies and future trends towards automotive and shared mobility industry in Malaysia.

Key Issues Addressed

  • What are the current scenarios and future trends of the automotive and shared mobility segments in Malaysia?
  • What are the Government regulations of the automotive and shared mobility industries in Malaysia?
  • What is the current status of electric vehicles (EVs) and EV-related industries in Malaysia?
  • Who are the key market participants in the automotive and shared mobility segments in Malaysia?
  • Who are the main market players in the connected vehicle industry in Malaysia?
More Information
No Index No
Podcast No
Author Wenjian Ma
Industries Automotive
WIP Number PB02-01-00-00-00
Is Prebook No
GPS Codes 9673-A6,9800-A6,9882-A6,9AF6-A6