MALAYSIA AUTOMOTIVE AFTERMARKET MARKET

Malaysia Automotive Aftermarket Market Size & Insights

Malaysia Automotive Aftermarket Market size is project to add an incremental market revenues of over USD 3 billion between 2025 and 2032 growing at robust CAGR during the forecast period. The automotive aftermarket offer significant opportunities, with over millions of passenger vehicles are currently out of warranty in 2024, and the passenger cars with an out of warranty population is on the rise.

Malaysia Automotive Aftermarket Market Overview

Malaysia automotive industry holds 3rd position in Southeast Asia and 20th position worldwide with the annual production of 747 thousand vehicles in 2024. An increase of around 4% in terms of vehicle production as compared to 2023. Automotive Industry is the one of the foremost industries boosting the Malaysian economy. Malaysia reported more than 27 vehicle producers and 640 component manufacturers. Proton and Perodua are the major car manufacturers operating in the automotive industry in Malaysia. As per the Malaysian Automotive Association, Proton and Perodua captured more than 50% of market share in terms of vehicles production and sales.

Major Malaysia Automotive Aftermarket Industry Drivers

Growing Middle Class Driving Vehicle Ownership

The demand for Malaysia automotive aftermarket is primarily driven by the growth of the middle class in the country with a population of 34.1 million, which is grew at around 2 percent in 2024. The growth driver which is a middle-class population comprises of around 40% of the population. Malaysia is witnessing surge in urbanization coupled with rising income levels are driving demand for cars and eventually providing further impetus to the demand for automotive aftermarket in the country. In addition, lower interest rates are also increasing vehicle ownerships and giving opportunity to consumers to own a car who were otherwise left out of the market because they lack the purchasing power, cheaper loans is projected to increase vehicle on roads.

Increase in Vehicle Sales

Malaysia Automotive Aftermarket market is predicted to grow due to the increase in vehicle production and sales. With the increasing income and change in the consumer habits, the demand for passenger and commercial vehicles is expected to increase. As per Malaysian Automotive Association, passenger car sales registered a positive growth of 3.9% YoY and the new vehicle sales reached 747 thousand units in 2024.

Increase in Average Vehicle Age

Rising average age of vehicle along with the growing vehicle in operation is further boosting the Malaysia Spare Parts Aftermarket Industry. Moreover, government initiatives such as National Automotive Policy is propelling the Malaysia’s automotive aftermarket. National Automotive Policy was inaugurated in 2006 to diversify the automotive industry in Malaysia and to develop Malaysia as a regional hub. In 2009, government focused to boost the investment and to strengthen the capability of the domestic market. In 2014, Malayasia focused on green initiatives by making country as a regional hub for the Energy Efficiency Vehicle. The government further aimed to increase the exports of vehicles, automotive spare parts and aftermarket sectors, which will further encourage the Automotive Aftermarket Service Industry in Malaysia. NAP2020 planned to digitally transform the automotive industry by adopting advanced technologies such as AI, IoT, Industry 4.0, autonomous driving and others. All these government initiatives is projected to support the Malaysian automotive aftermarket market.

Rise in Awareness for Maintenance and Repair to Improve Vehicle Performance

As per the GMI Research report, Automotive Aftermarket in Malaysia will continue to grow during the forecast period. The market is propelled by the rapid expansion of the organised sector has boosted the online aftermarket industry in Malaysia due to the consumer desire to improve the overall vehicle performance.

Malaysia Automotive Aftermarket Market Segment Analysis 

Vehicle Type  Insights: Passenger vehicle dominates the aftermarket market revenues

Passenger vehicle segment drive the demand for aftermarket revenue.

Vehicle Type  Insights: Tire generates the largest revenues

Tire segment dominates the market revenues and projected to dominate during the forecast period.

Malaysia Automotive Aftermarket Market Major Players & Competitive Landscape

Major players operating in the market are Denso, Robert Bosch, Perodua, Proton, Delphi, Champion, Toyota, Mitsubishi, Valeo etc.

Malaysia Automotive Aftermarket Market Scope of the Report

Malaysia Automotive Aftermarket Market Report Segmentation

The Malaysia Automotive Aftermarket has been segmented on the basis of vehicle type, certification and replacement part. By replacement parts, the market is segmented into Clutch Parts, brake parts, tire, filters, Lighting Components, battery, electronic components, Engine Components, Lubricants, and others. Based on the vehicle type, the market has been segmented into commercial vehicles and passenger vehicles. Based on certification, the market has been segmented into Certified Parts, Counterfeit Parts, Genuine Parts, Others.

Malaysia Automotive Aftermarket by Vehicle Type

• • Commercial Vehicles
  • Passenger Vehicles

Malaysia Automotive Aftermarket by Replacement Parts

• • Tire
  • Battery
  • Brake Parts
  • Filters
    • Air Filter​
    • Oil Filter​
    • Others​
  • Lighting Components​
  • Electroniccomponents​
  • Lubricants​
  • Clutch Parts​
  • Engine Components
    • Timing Belt​
    • Spark Plugs​
    • Others​
  • Others

Malaysia Automotive Aftermarket by Certification

• • Genuine Parts
  • Certified Parts
  • Counterfeit Parts
  • Others

Malaysia Automotive Aftermarket Leading players

• • Denso
  • Robert Bosch
  • Perodua
  • Proton
  • Delphi
  • Champion
  • Toyota
  • Mitsubishi
  • Valeo