Malaysia Automotive Lubricant Market 2021 by Types, Application, Technology

1. Malaysia Automotive Lubricant Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021 - 2027 www.kenresearch.com

2. The report titled “Malaysia Automotive Lubricant Market Outlook to 2025- Driven by growing adoption of high-performance lubricants, increasing vehicles on road coupled with the availability of products on E-commerce platforms" provides a comprehensive analysis of the Automotive Lubricant Market in Malaysia. The report also initiates by explaining the need and opportunity of automotive lubricant industry in Malaysia. Further it proceeds with explanation of current market size and demand by different segments. It also includes the growth drivers, trends, developments, challenges, value chain analysis and pricing analysis. It gives detailed explanation of competitive scenario including cross comparison between major players, Porter’s Five Force analysis and detailed company profiles of major players. It concludes with future scope and analyst recommendations. Market Overview The industry is at growth stage, with increasing demand of automotive lubricants due to increasing automotive sales. The industry is import driven as both the end product and raw materials are majorly imported from other countries such as Thailand, Singapore, China, Europe and USA. The prices have been continously increasing due to increasing price of base oil and crude oil. Over the review period, Malaysia lubricants market observed a healthy growth both in terms of revenues as well as sales volume. In the year 2020, the market witnessed a double digit negative growth rate because of the covid-19 pandemic.Segmentation By Grade (Synthetic, Semi-Synthetic and Mineral)High performance and expensive synthetic and semi-synthetic lubricants are gaining pace with increasing marketing efforts by lubricant manufacturers and increasing sales margins of synthetic lubricant to mechanics by distributors as well as manufacturers. With increasing use of synthetic lubricants the average per annum requirement of lubricant is falling but the higher prices of synthetic lubricants leads to increasing market revenue.

3. Demand By Type (Passenger Car Engine Oil, Heavy Duty Engine Oil, Motorcycle Engine Oil, Hydraulic Oil, Gear Oil & Transmission Oil and Greases)In 2020, Passenger Car Engine Oil accounted for the leading share in the automotive lubricant sales followed by Heavy Duty Engine Oil, Motorcycle Engine Oil and others. Increasing number of passenger cars, increasing average distance travelled by a vehicle and the high consumption of lubricants in a commercial vehicles are ensuring the dominance of Passenger Car Engine Oil and Heavy Duty Diesel Engine Oil. Large circulation of motorcycles catapulted the share of motorcycle oil to the third highest in the market.By End Users Since, number of Passenger Vehicles in Malaysia is higher than other vehicles, they are the biggest consumers of automotive lubricants. The number of passenger vehicles on road is one the rise due to increasing private vehicle ownership because of high per capita income and unreliable public transport system in the country. Increasing average distance travelled by trucks catapulted the share of commercial vehicle to the second highest in the market.By Sales ChannelMajority of sales were undertaken through distributors followed by direct sales to OEMs and through company owned fuel stations. By distributors maximum sales were attributed to service stations and garages due to high influence of mechanics in lubricant purchase. The share of supermarkets and online retail is low due to the low trust level attributed and relatively new status of these modes of distribution.Competitive LandscapeThe industry is concentrated with presence of around 15-30 manufacturers including multinational oil producers and local manufacturers. The industry is majorly dominated by three major players namely Castrol, Shell and Petronas accounting for a market share of +70% collectively in terms of sales volume in 2020.

4. Future Outlook and ProjectionThe industry experienced a major downfall in 2020 due to coronavirus pandemic, but it is expected to gain the pace and recover the loss in the next 2-3 years. Semi-Synthetic and Synthetic grades are expected to gain prominence and favor owing to demand for superior quality and increasing lubricant quality standard awareness among consumers. Introduction of electric vehicle will dampen the demand of traditional engine oil but will drive sales of E-lubricants. Market consolidation will take place as the automotive lubricant industry is a niche space and players with better geographical presence will take over others.Request for Sample Report @https://www.kenresearch.com/sample-report.php?Frmdetails=NDcyODI3Key Segments Covered in the ReportMarket Size of Malaysia Automotive Lubricants in terms of Sales Volume in Mn L, 2020Market Size of Malaysia Automotive Lubricants in terms of Sales Revenue in MYR, 2020Market Segmentation of Malaysia Automotive Lubricants in terms of Sales Volume in Mn L, 2020By End User Industry Passenger VehicleCommercial Vehicle Motorcycles MarineBy GradeSyntheticSemi-SyntheticMineral

5. By TypePassenger Car Engine OilHeavy Duty Engine OilMotorcycle Oil Gear oil and Transmission Oil Hydraulic Oil Grease and othersBy Sales ChannelOEMsFuel StationsOEM Workshops and Spare Part Shops Service Stations and Garages Online Hypermarket/Supermarket By Viscosity Grade0W-205W-4010W-4015W-4015W-50Others

6. Key Target AudienceLubricant Manufacturing CompaniesOil ProducersLubricant Distributors Government Associations Time Period Captured in the Report:-Historical Period: 2014–2019Forecast Period: 2020-2025Key Topics Covered in the Report:-Automotive Lubricants Market Size on the Basis of Sales Volume and RevenueAutomotive Lubricants Market Segmentation – By type of Lubricant, By Grade of Lubricant, By Viscosity, By End UsersTarget Addressable Audience – Passenger And Commercial Vehicles, Regional Analysis, Used Car SalesSupply Ecosystem and Competition Parameters Value chain analysis in the Automotive Lubricants Market in MalaysiaDemand ScenarioTrends and Developments in Automotive Industry in MalaysiaGrowth Drivers for Automotive Industry in MalaysiaMarketing Strategies Challenges Faced by Lubricant Producers Porter Five Force Analysis Emerging Business Strategies Best Practises in BusinessPricing Analysis Customer Buying Decision ParametersCross Comparison Between Major Players in The IndustryImpact of Covid-19 on the Automotive Lubricants Industry in MalaysiaFuture Projections and Market Size for Malaysia Automotive Lubricants Industry

7. Time Period in the ReportHistorical Period: 2014-2020Forecast Period: 2021F-2025FCompanies Covered:ShellPetronasTotalChevronCastrolHyraxMobilOthersFor More Information, refer to below link:-Malaysia Automotive Lubricant Market Research ReportRelated ReportsMalaysia Used Car Market Outlook To 2025 (Second edition) – Growth of Online Used Car Platforms and increased shift from using public transport to personal cars, fueled by Covid-19 to accelerate Industry's GrowthLandscape of Malaysia Medical Education Market-Growth in Medical Graduates, Pushing Candidates to Seek Specialization Contributing to Medical WorkforceContact Us: Ken ResearchAnkur Gupta, Head Marketing & CommunicationsAnkur@kenresearch.com+91-9015378249