Malaysia Automotive Lubricant Market: Ken Research

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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.

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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.

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 vehciles, 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 Channel

Majority 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 Landscape

The 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.

Future Outlook and Projection

The 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.

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Key Segments Covered in the Report

Market Size of Malaysia Automotive Lubricants in terms of Sales Volume in Mn L, 2020
Market Size of Malaysia Automotive Lubricants in terms of Sales Revenue in MYR, 2020
Market Segmentation of Malaysia Automotive Lubricants in terms of Sales Volume in Mn L, 2020
By End User Industry

Passenger Vehicle
Commercial Vehicle
Motorcycles
Marine

By Grade

Synthetic
Semi-Synthetic
Mineral

By Type

Passenger Car Engine Oil
Heavy Duty Engine Oil
Motorcycle Oil
Gear oil and Transmission Oil
Hydraulic Oil
Grease and others
By Sales Channel
OEMs
Fuel Stations
OEM Workshops and Spare Part Shops
Service Stations and Garages
Online
Hypermarket/Supermarket
By Viscosity Grade
0W-20
5W-40
10W-40
15W-40
15W-50
Others

Key Target Audience

Lubricant Manufacturing Companies
Oil Producers
Lubricant Distributors
Government Associations

Time Period Captured in the Report:-

Historical Period: 2014–2019
Forecast Period: 2020-2025

Key Topics Covered in the Report:-

Automotive Lubricants Market Size on the Basis of Sales Volume and Revenue
Automotive Lubricants Market Segmentation – By type of Lubricant, By Grade of Lubricant, By Viscosity, By End Users
Target Addressable Audience – Passenger And Commercial Vehicles, Regional Analysis, Used Car Sales
Supply Ecosystem and Competition Parameters
Value chain analysis in the Automotive Lubricants Market in Malaysia
Demand Scenario
Trends and Developments in Automotive Industry in Malaysia
Growth Drivers for Automotive Industry in Malaysia
Marketing Strategies
Challenges Faced by Lubricant Producers
Porter Five Force Analysis
Emerging Business Strategies
Best Practises in Business
Pricing Analysis
Customer Buying Decision Parameters
Cross Comparison Between Major Players in The Industry
Impact of Covid-19 on the Automotive Lubricants Industry in Malaysia
Future Projections and Market Size for Malaysia Automotive Lubricants Industry