Live Breaking News & Updates on Projections For Malaysia Automotive Service Market

Share this article
Share this article
- Automotive slowdown & the COVID-19 pandemic brought a sustained downward trend in new passenger car sales in 2021 in Malaysia
- The OEM/Authorized car service market is anticipated to grow with a CAGR of 11.7% during the forecast period 2020-2025
GURUGRAM, India, April 27, 2021 /PRNewswire/
Surging Vehicle Parc in Malaysia: Malaysian automotive industry in witnessing a growth in the number of vehicle parc, which is leading to higher demand for the multi brands and OEM car service companies in Malaysia. ~65% of the vehicle parc in Malaysia in 2020 comprised of post warranty cars that generally visit multi brand car service centers. Whereas, the pre warranty cars in the country prefer visiting the OEM car service centers.  Multi brand service centers cost ~40% less as compared to the authorized car service center which is the major reason for consumer to shift to the multi brand service center during the post warranty ....

Kuala Lumpur , Porters Five Forces Analysis , Malaysia Automotive Aftermarket Service Market Outlook , Malaysia Automotive Aftermarket Service Industry Segmentation , Ken Research , Service Centers Multi , Brand Service Centers , Car Service , Periodic Car Maintenance Service Malaysia , Malaysia Automotive Aftermarket Service Industry Overview , Projections For Malaysia Automotive Service Market , Spare Parts For Automobile Service Centers , Growth Of Automotive Aftermarket Service Industry , Automotive Aftermarket Service , Car Service Companies , Malaysia Automotive Aftermarket Service Market , Malaysia Automotive After Market Service Industry , Multi Brand Car Dealers Service Providers , Car Dealers Service Providers , Technological Advancement In Car Service Industry , Automotive Spare Parts Companies , Vehicle Parc , Car Service Industry , Used Car Sales , Automotive Aftermarket Service Market Outlook , Surging Used Car Sales ,