Malaysia Automotive Aftermarket Service Market Growth, Share, Trends and Future Scope 2032
Malaysia Automotive Aftermarket Service Market Size- By Type of Workshop, By Type of Vehicle, By Age of Car, By Car Brand, By Booking Mode, By Service Split, By Type of Spare Parts- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Mar-2023 | Report ID: AMIN2345 | Pages: 1 - 106 | Formats*: |
| Category : Automotive & Transportation | |||
Malaysia Automotive Aftermarket Service Market Overview
According to SPER Market Research, the Malaysia Automotive Aftermarket Service Market is estimated to reach USD XX billion by 2032 with a CAGR of 3.34%.
Users of out-of-warranty vehicles tend to favour multi-brand auto repair shops. The expansion of multi-brand automobile service centers in Malaysia is being fuelled by lower cost multi-brand service centers and the accessibility of high-quality spare parts from reputable suppliers. The vast majority of pre-warranty vehicles attend OEM auto service centers in Malaysia. Further factors contributing to a customer's preference for OEM service centers in Malaysia include the provision of high-quality service, the use of authentic parts, and the facilities' greater dependability.
With the introduction of EEVs, which would have various maintenance requirements, away from the current maintenance methods, the auto maintenance market is projected to change over the next several years. The Malaysia Automotive Aftermarket Service Market Revenue is Expected to Grow During the Forecast Period.
Through the adoption of technology like live end-to-end updates, service tracking, round-the-clock grievance redressal, online booking, and others, car servicing businesses in Malaysia have begun to become technologically advanced. Customers' need for car servicing is rising as a result of Malaysian auto service firms' technological advancements. Customers now visit the service center for routine or minor vehicle maintenance due to the convenience of arranging a car service and monitoring the status of the service. The average age of cars in Malaysia is rising, which is stimulating the demand for automotive services. Malaysia is also seeing an increase in the sales of second-hand cars. In Malaysia, a lack of auto parts such electronic chips had caused production and delivery delays, which in the short to medium term had increased demand for second-hand cars. An increase in the number of used automobiles on the road is being caused by people shifting their attention from buying new cars to maintaining their existing ones, which is raising the demand for multi-brand car repair.
Impact of COVID-19 on the Malaysia Automotive Aftermarket Service Market
Due to the historic decline in new vehicle sales, the coronavirus pandemic has a significant impact on Malaysia's automotive aftermarket industry. Before the COVID-19 epidemic, sales of new cars sustained the OEM aftermarket industry. The OEM aftermarket business has been badly impacted by the present decline in new car sales. Industry players are quickly moving to internet sales channels as the COVID-19 pandemic spreads throughout the area. Pioneering in this market, NFM Auto Parts Malaysia offers OEM and aftermarket components to customers at reasonable costs. Consumers are increasingly purchasing parts online due to the convenience and low cost of doing so, as well as the availability of the entire product line of accessories, parts, and other items. Wiper blades, tires, filters, and brake pads make up the majority of the parts that are offered online. Future car sales are anticipated to rise as a result of an improving economy, the availability of the COVID-19 vaccination, the release of new models, and the extension of the sales tax exemption for the first half of the year.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type of Workshop, By Type of Vehicle, By Age of Car, By Car Brand, By Booking Mode, By Service Split, By Type of Spare Parts |
| Regions covered | Central, East, North, South |
| Companies Covered | Auto Mobile Garage, Autohaus KL, Dtox, Honda, Mitsubishi, Nissan, Perodua, Prestige Cars, Proton, Top Speed, Topbest Car Grooming, Toyota |
Target Audience-
- Automotive companies
- Automotive Spare Parts Companies
- Multi brand Car Service companies
- OEM Car Service companies
Malaysia Automotive Aftermarket Service Market Segmentation:
1. By Type of Workshop:
- Multi Brand
- Organized
- Unorganized
- OEM/Authorized
2. By Type of Vehicle:
- Hatchback
- MPV
- Sedan
- SUV
3. By Age of Car:
- 5 – 10 Years
- 10 and Above Years
4. By Car Brand:
- Honda
- Perodua
- Proton
- Toyota
5. By Booking Mode, 2019-2032 (USD Million):
- Offline
- Online
6. By Service Split:
- Body Care
- Maintenance
- Repair and Replacement
7. By Type of Spare Parts:
- Consumables and Miscellaneous
- Cooling Systems
- Drive Transmission and Steering
- Electricals and Electronic Components
- Rubber Components
- Suspension and Braking
8. By Region:
- Central
- East
- North
- South
Key Topics Covered in the Report:
- Size of Malaysia Automotive Aftermarket Service Market (FY’2019-FY’2032)
- Overview of Malaysia Automotive Aftermarket Service Market
- Segmentation of Malaysia Automotive Aftermarket Service Market By Type of Workshop (Multi Brand, OEM/Authorized)
- Segmentation of Malaysia Automotive Aftermarket Service Market By Type of Vehicle (Hatchback, MPV, Sedan, SUV)
- Segmentation of Malaysia Automotive Aftermarket Service Market By Age of Car (0 – 5 Years, 5 – 10 Years, 10 and Above Years)
- Segmentation of Malaysia Automotive Aftermarket Service Market By Car Brand (Honda, Perodua, Proton, Toyota, Others)
- Segmentation of Malaysia Automotive Aftermarket Service Market By Booking Mode (Offline, Online)
- Segmentation of Malaysia Automotive Aftermarket Service Market By Service Split (Body Care, Maintenance, Repair and Replacement)
- Segmentation of Malaysia Automotive Aftermarket Service Market By Type of Spare Parts (Consumables and Miscellaneous, Cooling Systems, Drive Transmission and Steering, Electricals and Electronic Components, Rubber Components, Suspension and Braking, Others)
- Statistical Snap of Malaysia Automotive Aftermarket Service Market
- Malaysia Automotive Aftermarket Service Market Growth Analysis
- Problems and Challenges in Malaysia Automotive Aftermarket Service Market
- Malaysia Automotive Aftermarket Service Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Malaysia Automotive Aftermarket Service Market
- Details on Recent Investment in Malaysia Automotive Aftermarket Service Market
- Competitive Analysis of Malaysia Automotive Aftermarket Service Market
- Major Players in the Malaysia Automotive Aftermarket Service Market
- SWOT Analysis of Malaysia Automotive Aftermarket Service Market
- Malaysia Automotive Aftermarket Service Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the Malaysia Automotive Aftermarket Service Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4. Heat map analysis
6. Competitive Landscape
6.1 Malaysia Automotive Aftermarket Service Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Malaysia Automotive Aftermarket Service Market
7. Malaysia Automotive Aftermarket Service Market, By Type of Workshop, 2019-2032 (USD Million)
7.1 Multi Brand7.1.1 Organized7.1.2 Unorganized7.2 OEM/Authorized
8. Malaysia Automotive Aftermarket Service Market, By Type of Vehicle, 2019-2032 (USD Million)
8.1 Hatchback8.2 MPV8.3 Sedan8.4 SUV
9. Malaysia Automotive Aftermarket Service Market, By Age of Car, 2019-2032 (USD Million)
9.1 0 – 5 Years9.2 5 – 10 Years9.3 10 and Above Years
10. Malaysia Automotive Aftermarket Service Market, By Car Brand, 2019-2032 (USD Million)
10.1 Honda10.2 Perodua10.3 Proton10.4 Toyota10.5 Others
11. Malaysia Automotive Aftermarket Service Market, By Booking Mode, 2019-2032 (USD Million)
11.1 Offline11.2 Online
12. Malaysia Automotive Aftermarket Service Market, By Service Split, 2019-2032 (USD Million)
12.1 Body Care12.2 Maintenance12.3 Repair and Replacement
13. Malaysia Automotive Aftermarket Service Market, By Type of Spare Parts, 2019-2032 (USD Million)
13.1 Consumables and Miscellaneous13.2 Cooling Systems13.3 Drive Transmission and Steering13.4 Electricals and Electronic Components13.5 Rubber Components13.6 Suspension and Braking13.7 Others
14. Malaysia Automotive Aftermarket Service Market, By Region, 2019-2032 (USD Million)
14.1 Malaysia Automotive Aftermarket Service Size and Market Share by Region (2019-2025)14.2 Malaysia Automotive Aftermarket Service Size and Market Share by Region (2026-2032)14.3 Central14.4 East14.5 North14.6 South
15. Company Profiles
15.1 Auto Mobile Garage15.1.1 Company details15.1.2 Financial outlook15.1.3 Product summary15.1.4 Recent developments15.2 Autohaus KL15.2.1 Company details15.2.2 Financial outlook15.2.3 Product summary15.2.4 Recent developments15.3 Dtox15.3.1 Company details15.3.2 Financial outlook15.3.3 Product summary15.3.4 Recent developments15.4 Honda15.4.1 Company details15.4.2 Financial outlook15.4.3 Product summary15.4.4 Recent developments15.5 Mitsubishi15.5.1 Company details15.5.2 Financial outlook15.5.3 Product summary15.5.4 Recent developments15.6 Nissan15.6.1 Company details15.6.2 Financial outlook15.6.3 Product summary15.6.4 Recent developments15.7 Perodua15.7.1 Company details15.7.2 Financial outlook15.7.3 Product summary15.7.4 Recent developments15.8 Prestige Cars15.8.1 Company details15.8.2 Financial outlook15.8.3 Product summary15.8.4 Recent developments15.9 Proton15.9.1 Company details15.9.2 Financial outlook15.9.3 Product summary15.9.4 Recent developments15.10 Top Speed15.10.1 Company details15.10.2 Financial outlook15.10.3 Product summary15.10.4 Recent developments15.11 Topbest Car Grooming15.11.1 Company details15.11.2 Financial outlook15.11.3 Product summary15.11.4 Recent developments15.12 Toyota15.12.1 Company details15.12.2 Financial outlook15.12.3 Product summary15.12.4 Recent developments
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Malaysia Automotive Aftermarket Service Market is projected to reach USD XX billion by 2032, growing at a CAGR of 3.34% during the forecast period.
Malaysia Automotive Aftermarket Service Market grew in market size from 2021. The Market is expected to reach USD XX billion by 2032, at a CAGR of 3.34% during the forecast period.
Malaysia Automotive Aftermarket Service Market CAGR of 3.34% during the forecast period.
You can get the sample pages by clicking the link -Click Here
Malaysia Automotive Aftermarket Service Market size is USD XX billion from 2022 to 2032.
Malaysia Automotive Aftermarket Service Market Segment is Covered By Type of Workshop, By Type of Vehicle, By Age of Car, By Car Brand, By Booking Mode, By Service Split, By Type of Spare Parts
The Asia-Pacific region is anticipated to have the highest market share in Malaysia Automotive Aftermarket Service Market.
The key players in the market include Companies Covered Auto Mobile Garage, Autohaus KL, Dtox, Honda, Mitsubishi, Nissan, Perodua, Prestige Cars, Proton, Top Speed, Topbest Car Grooming, Toyota
The Malaysia Automotive Aftermarket Service Market Revenue is Expected to Grow During the Forecast Period.
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