• posted by admin
• 1 comment(s)
• 14 Aug, 2024

Key Market Indicators

Malaysian vehicle registration is projected to hit approximately 715,000 units by 2028, up from around 638,000 units in 2023. This marks an average annual growth rate of 1.8%. Since 2010, the Malaysian market has seen a yearly increase of 1.3%. In 2023, Malaysia ranked 36th globally, with Ecuador just ahead at the same unit count. Leading the ranks were Canada, China, and Austria in the second, third, and fourth positions, respectively.

On the production front, Malaysia is expected to see a decline. Vehicle production is set to decrease to about 531,000 units by 2028, down from approximately 554,000 units in 2023. This represents an average annual decline of 0.7%. Since 2002, Malaysian vehicle production has experienced a yearly drop of 0.4%. In 2023, Malaysia was 22nd in the world, with South Africa slightly ahead at the same unit count. The United States, Japan, and Germany held the second, third, and fourth spots in this ranking, respectively.

Malaysia Automotive Market Data and Forecasts

Malaysia Automotive: how will it grow in the coming years?
Let's check some interesting forecasts here:

• Forecast: Vehicles Production in Malaysia
• Forecast: Commercial Vehicles Production in Malaysia
• Forecast: Passenger Cars Production in Malaysia
• Forecast: Light Commercial Vehicles Production in Malaysia
• Forecast: New Vehicles Registrations in Malaysia
• Forecast: Commercial Vehicles Registrations in Malaysia
• Forecast: Motor Vehicles Revenue in Malaysia
• Forecast: Motor Vehicles Parts and Accessories Market Size Value in Malaysia
• Forecast: Passenger Cars in Use in Malaysia
• Forecast: Vehicles in Use in Malaysia
• Forecast: Commercial Vehicles in Use in Malaysia
• And many more ....

[Source: ReportLinker]