Automotive & Bikes

Malaysia’s automotive and bike auto parts industry is projected to grow to USD 35.1 billion by 2030, highlighting its resilience to changing consumer preferences and technology. Automotive and bike parts industry in Malaysia, is growing rapidly, with a 5.0% CAGR in auto parts manufacturing and 20.5% in imports from 2020 to 2023. The market is projected to risen up to USD 35.1 billion by 2030, driven by innovation and technology. Malaysia’s automotive sector will grow by adapting to consumer preferences and technology, needing strategic investments and collaboration for sustainability in ASEAN.

Malaysia’s motorcycle market shows significant growth potential, following strong trends in ASEAN, where Indonesia leads. Motorcycle sales from 2015 to 2023 show an overall upward trend with fluctuations. Starting at 375,402 units in 2015, sales peaked at 546,813 units in 2019 and ended in 498,327 units on 2020 due to COVID-19 pandemic’s impact on supply chains and spending. Projections shows the Motorcycle sales likely to reach 710,000 units sales in 2030. In Conclusion, economic factors, including GDP growth and inflation, significantly influence motorcycle sales, reflecting consumer confidence.

In Malaysia, the used car industry faces opportunity and challenges from Covid-19 economic recovery. Key factors that influcen sales of used car industry includes GDP growth and digitalization of the industry. The total unit of used car sales is from rise from 400,000 to 447,000 by 2023 and is projected to continue growing with a CAGR of 1.13% from 2025 to 2030. Overall, for Malaysia to embrace digitalization and hybrid sales models will be crucial for resilience and adaptation in coming years.

Malaysia’s motorcycle sales have seen a stable decline at a CAGR of -0.61% since 2012, they rebounded in 2016 following the GST Tax implementation. In contrast, exports have surged, achieving a 30.3% CAGR. The 100cc–150cc category dominates the market, with Yamaha and Honda leading in sales, highlighting the importance of these brands in shaping the Malaysian motorcycle landscape.

Malaysia’s automotive industry ranks as the third largest in ASEAN, following Thailand and Indonesia, driving significant demand for auto parts and components. In 2016, the sector contributed 4% to GDP, with domestic sales representing 86.2% of auto parts revenue. With government initiatives aimed at positioning Malaysia as a leading Energy Efficient Vehicle hub, auto parts sales are projected to grow by 2 to 5% through 2020. Overall, with different revolutions in the industry such as EV, higher automation and manufacturing costs, the industry must take steps in adapting in the challenges poised.