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Malaysia Engine Oil Sector Share & Size Analysis : Ken Research

The report titled u201cMalaysia Automotive Lubricant Market Outlook to 2025- Driven by Growing Vehicle Ownership & Preference for Synthetic Lubricants" provides a comprehensive analysis of the Lubricant Market in Malaysia. The report also initiates by explaining the need and opportunity of the automotive lubricant industry. Further, it proceeds with an explanation of current demand and demand by different segments.

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Malaysia Engine Oil Sector Share & Size Analysis : Ken Research

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  1. Automotive Lubricants in Malaysia is expected to Generate around MYR 12 Bn by 2025- Major growth drivers which will help the industry boom? Ken Research The Government of Malaysia through its National Automotive Policy is focusing on strengthening the capabilities of the domestic automotive industry and creating a mechanism to promote investments to ramp up the domestic production, says a report by Ken Research Passenger Car Motor Oil is the leading type of Automotive Lubricant in the Malaysian Market due to the presence of more than 15 Mn Motor Cars. Market Share of Various Type of Lubricants by Sales Volume, 2020 Passenger Car Motor Oil 1% 4% 1% Heavy Duty Diesel Engine Oil 12% Motorcycle Oil 47% Gear and Transmission Oil 35% Hydraulic Oil Greases and others Online Presence of Lubricant’s Companies in Malaysia Passenger car motor oil has the highest demand in Malaysia and contributed 46.5% of the total sales volume in 2020 because of the rising number of passenger vehicles on road on account of factors such as increasing population, rising income levels, improving road infrastructure and more. A focus of the government to decongest the roads of Malaysia and improving the public transport system has led to a rise in the commercial vehicles on road, resulting in the surging demand for Heavy Duty Diesel Engine Oil, making it the second largest category in automotive lubricants.

  2. 2. Online Presence in the Lubricants Market will provide for a huge opportunity for companies looking to grow by enhancing reach among consumers. Online Presence of Lazada and requirements of Seller Application on its Platform Interested to Know More about this Report, Request a Sample Report Companies in the Automotive Lubricant Market in Malaysia are making an official presence on e-commerce platforms such as Lazada and Shopee Mall. Companies are also introducing home automotive maintenance services in partnership with workshops and garages increasing their sales of Automotive Lubricants in the country.

  3. 3. Demand for High Performing Lubricants will drive future of Malaysia’s Automotive Lubricant Industry. Introduction to Synthetic Lubricants Visit this Link :-Request for custom report Synthetic formulations are gaining popularity in Malaysia, largely due to performance benefits, including enhanced fuel economy and improved engine protection. Consumers in Malaysia are increasingly shifting towards synthetics, despite their premium price, in order to better protect their vehicle what is considered a significant household investment. Follow Us Facebook | Twitter | LinkedIn | Instagram

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