Malaysia Motorcycle Market: An Overview 2017
Domestic motorcycle sales in the past 5 years shown a decline from year to year with Annual Growth Compound Rate (CAGR) of -5.77% starting from 2012 with a total of 609,596 units until 2016 dropping to 452,804 units. Motorcycles with a 101cc – 150cc engine class are the best-selling motorcycles in Malaysia with annual increase of CAGR with 9.4% CAGR from 2009 – 2014. Despite the decline in motorcycle industry in Malaysia, sales for motorcycles of this class have become many options.
Malaysian Auto Parts Industry : An Overview 2020
During 2019, The Malaysian auto parts and component industry recorded total sales of RM 49.1 billion with approximately 80% of the auto parts and component produced were for domestic consumption. Among the auto part and component manufactured in Malaysia, in 2019, Parts & Accessories manufacturing share contributes about 80%, followed by tyre manufacturing at 12%. The Malaysian automotive industry currently houses e27 vehicle manufacturers, 641 parts and components manufacturers, with a workforce of 709,457 employees.
Malaysian Used Car Industry: Final Report 2020
In 2019, more than 600,000 used cars were sold throughout Malaysia. Among the brands, Perodua was the most popular brand sought by buyers contributing to 39% of the volume sold. However, between 2015 and 2019, used car industry CAGR was -1.95%. It is forecasted that between 2020 and 2025, at average the number of used car sold will slightly less than 550,000 units.
Malaysian Motorcycle Industry 2016
The Malaysian motorcycle industry is facing a decline in market demand since year 2013. This trend is expected to continue into year 2018. In addition to locally manufactured motorcycles, the market imports a considerable amount of motorcycles.