“Amplified demand from Post-warranty car users has driven the growth of Car Service Market in Malaysia.”
Unorganized Car Segment Contributing Majority in Multi Brand Car Service Industry: The unorganized multi-brand segment held the largest market share in the Malaysia multi-brand car service market in 2020. Malaysia has a large presence of unorganized multi-brand service centers owing to the limited entry barrier in the Malaysian car service industry. The low-cost services of these service centers are leading to higher demand from the post-warranty car owners in Malaysia. Unorganized car service centers contribute ~91% to the multi-brand car service market in terms of revenue in 2020. These type of centers are majorly having their presence in the East, North, and South regions of the country.
Dominance of OEM car service center among the Pre-warranty cars in Malaysia: ~50% of the car parc in Malaysia are in the age group of 1-5 years, which creates a high demand for the authorized after-sales workshop in Malaysia. Extended 2-year warranty for few brands in Malaysia is leading to an increased demand for after-sales services from an authorized service center. Quality service, genuine spare parts, quick service, higher reliability are some of the major reasons for consumers to visit an OEM service center in Malaysia. OEM car service companies have started providing discounts and other offers to attract the post-warranty car segment in Malaysia.
Surging competition in the automotive aftermarket service industry in Malaysia: Owing to the declining sales of vehicles in Malaysia, companies are foraying into other subsidiary options including the automotive aftermarket segment to sustain their business. Malaysia’s leading automaker Perodua in 2017 actively started focus on offering after-sales services in order to stimulate growth in terms of revenue. Automotive companies have started to emphasize strengthening their aftermarket business to tap into the segment’s lucrative market opportunities. The market is also anticipated to witness a rise in the number of new car players in the multi-brand car service market in Malaysia.
The report titled “Malaysia Automotive Aftermarket Service Market Outlook to 202: Surging Used Car Sales contributing to the Growth of Automotive Aftermarket Service Industry in Malaysia” by Ken Research suggested that the automotive aftermarket service market is further expected to grow in the near future with the surging used car sales and entry of new players in the market. The market is expected to register a positive CAGR of 3.1% in terms of revenue during the forecast period of 2020-2025.
Key Segments Covered in Malaysia Automotive Aftermarket Service Market
By Type of Workshop
Multi Brand
OEM/Authorized
By Type of Multi Brand
Organized
Unorganized
By Type of Vehicle
Sedan
Hatchback
SUV
MPV
By Age of Car
0-5 Years
5-10 Years
10 and above years
By Region
Central
East
South
North
By Car Brand
Perodua
Proton
Honda
Toyota
Others
By Booking Mode
Online
Offline
By Service Split
Maintenance
Repair and Replacement
Body Care
Malaysia Spare Parts after Market Segmentation
By Type of Spare Parts
Electricals and Electronic Components
Suspension and Braking
Consumables and Miscellaneous
Cooling Systems
Rubber Components
Drive transmission and Steering
Others
Key Target Audience
Automotive companies
OEM Car Service companies
Multi brand Car Service companies
Automotive Spare Parts Companies
Time Period Captured in the Report:
Historical Period: 2015-2020
Forecast Period: 2020-2025
OEM Car Dealers/Service Providers:
Perodua
Proton
Honda
Toyota
Nissan
Mitsubishi
Multi Brand Car Dealers/Service Providers:
Dtox
Prestige Cars
Topbest Car Grooming
Autohaus KL
Top Speed
Auto Mobile Garage
Key Topics Covered in the Report: –
Malaysia Automotive Aftermarket Service Industry Overview
Ecosystem of Entities in Car Servicing in Malaysia
Trends and Development in Malaysia Automotive After Market Service Industry
Issues and Challenges in Malaysia Automotive After Market Service Industry
Porters Five Forces Analysis: Automotive Aftermarket Service in Malaysia
Government Regulation in Malaysia Automotive After Market Service Industry
Market Size of Malaysia after Market Service Industry
Malaysia Automotive Aftermarket Service Industry Segmentation
Competition in Malaysia OEM Aftermarket Industry
Strength and Weakness of Major Players in Malaysia OEM Automotive Aftermarket Industry
Competition in Malaysia Multi Brand Aftermarket Industry
Pricing Comparison of Major OEM Car Service Companies
Pricing Comparison of Major Multi Brand Car Service Companies
Operating Model of Organized and Unorganized Workshops
Operating Model of OEM Workshops
Malaysia Spare Parts Aftermarket Industry Overview
Sourcing Spare Parts for Automobile Service Centers (OEM/Authorized Service Centers & Multi-Brand Service Centers)
Malaysia Automotive Aftermarket Car Service Market Future Market Size
Future Outlook and Projections for Malaysia Automotive Service Market
Case Study: Autohaus KL
Analyst Recommendation
For More Information on the Research Report, Click on the Below Link: –
Future of Malaysia Automotive Aftermarket Service Market
Related Reports by Ken Research:
Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
