Strategic Analysis of Malaysian Commercial Vehicle Industry, Forecast to 2025

  • ID: 4481344
  • Report
  • Region: Malaysia
  • 123 pages
  • Frost & Sullivan
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Annual Demand for Pickups, Light-medium-heavy Trucks and Buses to Grow With Infrastructure Growth and Entry of New Players by 2025

FEATURED COMPANIES

  • Ford
  • Hino
  • Isuzu
  • Mitsubishi
  • Nissan
  • Toyota
  • MORE

Malaysia is the third largest commercial vehicle (CV) market in Asia Pacific after Indonesia and Thailand and is at the beginning of a rapid growth phase. The Total Industry Volume (TIV) has continued to decrease since 2013 due to slow economic growth and a depreciating Ringgit that has impacted business confidence and purchasing power. Consequently, production has also declined over the years. Pickups account for the largest segment, in terms of both sales and production.

Japanese brands have the widest CV distribution and service network in Malaysia. During the forecast period, the Malaysian CV market is expected to experience positive growth despite challenges related to the depreciating Ringgit value and price hike, import of rebuilt trucks and stringent credit approval criteria. Due to the economic crisis in 2015, Malaysia’s GDP growth declined from 6% in 2014 to 5% and then 4.5% in 2015 and 2016, respectively. The Consumer Price Index rose to 5.1% in March 2017, recording its highest level in eight years. Higher retail fuel prices have increased inflation. The biggest sector that has been affected is transport, with an increase of 23% when compared on a year-to-year basis. Besides, in 2015, the Ringgit depreciated against the USD, EURO, THB, JPY, CNY and IDR. This, together with its slow improvement in 2016, also hindered customers’ decision to purchase new vehicles/fleets.

However, OEMs can overcome these challenges due to the various trends supporting the growth of the CV market. These include migration of C-segment users to the pickup segment, continuous infrastructure projects and market penetration by new players. Since 2015, there has been a significant increase in preference for pickups as opposed to C-segment vehicles. It is likely that this migration has been triggered by the multiple functionality that pickup trucks offer, the increased number of entrepreneurs in this space, and the availability of reasonably priced pickup trucks. Many OEMs are taking advantage of this trend by offering multiple variants and facelift models. Reliability and high resale value are among the factors that are contributing to the high demand for pickup trucks in Malaysia.

Research Scope

This study aims to research, analyze and forecast the commercial vehicles market in Malaysia during 2012-2025. The scope of the study includes:

  • Strategic overview of the CV market, including key technology trends, market trends, and market drivers and restraints
  • Market size and forecasts for pickups, light trucks, medium trucks, heavy trucks and bus segments by OEM and sales breakdown for 2012–2016
  • Current and future forecasts by segments until 2025
  • Competitor analysis, including competitive factors, competitor market shares, and product portfolio analysis and capabilities
  • Analysis of OEM’s perspective of the CV market

Key Issues Addressed

  • How is the business environment of the automotive industry impacting the sales of CVs?
  • How are CVs classified and how is the market structured?
  • Who are the market leaders and what are their market shares?
  • What are the technology trends?
  • Is there potential for growth within the market?
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FEATURED COMPANIES

  • Ford
  • Hino
  • Isuzu
  • Mitsubishi
  • Nissan
  • Toyota
  • MORE

1. Executive Summary

  • Market Engineering Measurements
  • Total Commercial Vehicles Market Sales Snapshot
  • Competitive Environment-Commercial Vehicles Market
  • Market and Technology Trends
  • Total Commercial Vehicles Market-Sales Scenario Analysis

2. Research Scope, Objectives, Background, and Methodology

  • Research Scope
  • Research Aims and Objectives
  • Key Questions this Study Will Answer
  • Research Methodology
  • Key OEM/Participant Groups Compared in this Study

3. Definitions and Segmentation

  • Vehicle Definitions
  • Vehicle Segmentation

4. Commercial Vehicles Market Overview

  • Commercial Vehicles Market-Sales Breakdown by Segments
  • Commercial Vehicles Market-Sales Breakdown by Brands
  • Commercial Vehicles Market-Sales Breakdown by States
  • Commercial Vehicles Market-Production Breakdown by Segments
  • Commercial Vehicles Market-Production Breakdown by Brands
  • Powertrain Mix by Fuel Type
  • Commercial Vehicles Age Analysis
  • Commercial Vehicles Age Analysis-New Versus Used
  • Commercial Vehicles Fleet Type and Size
  • Malaysian Commercial Vehicles Market-Lifecycle Analysis
  • The Malaysian Commercial Vehicles Industry-Outlook of Value Chain by 2025
  • Applications of Commercial Vehicles by Fleet Type

5. Market Network and Dealership

  • Commercial Vehicles Market-Dealership Analysis
  • Commercial Vehicles Market-Dealership Analysis by State
  • Commercial Vehicles Market-Major Dealers

6. Regulatory Environment

  • Emission Norms and Legislations
  • Applicable National Standards / Global Standards
  • Safety and Fuel Efficiency Regulations

7. Key Industry Sectors Outlook-Total Commercial Vehicle Market

  • Key Industries Impacting Malaysia’s Commercial Vehicle Market
  • Agriculture Industry-Development and Impact
  • Agriculture Industry-Future Growth
  • Manufacturing Industry-Development and Impact
  • Manufacturing Industry-Future Growth
  • Construction Industry-Development and Impact
  • Construction Industry-Future Growth
  • 8. External Challenges: Drivers and Restraints-Total Commercial Vehicles Market
  • External Challenges: Drivers and Restraints-Total Commercial Vehicles Market
  • Market Drivers
  • Drivers Explained
  • Market Restraints
  • Restraints Explained

9. Forecasts and Trends-Total Commercial Vehicles Market

  • Market Engineering Measurements
  • Total Commercial Vehicles Market-Sales Scenario Analysis
  • Total Commercial Vehicles Market-Optimistic Scenario Analysis
  • Total Commercial Vehicles Market-Frost & Sullivan Scenario Analysis
  • Total Commercial Vehicles Market-Conservative Scenario Analysis
  • Total Commercial Vehicles Market Sales Snapshot

10. Segment Market Share and Competitive Analysis

  • Competitive Environment-Commercial Vehicles Market
  • Pickup Segment-Unit Sales by OEMs
  • Pickup Segment-Competitive Environment
  • Pickup Segment-Key Best Selling Models
  • Small Commercial Vehicle Segment- Unit Sales by OEM
  • Small Commercial Vehicle Segment-Competitive Environment
  • Small Commercial Vehicle Segment-Key Best Selling Models
  • Light Truck Segment-Unit Sales by OEM
  • Light Truck Segment-Competitive Environment
  • Light Truck Segment-Key Best Selling Models
  • Medium Commercial Vehicle Segment-Unit Sales by OEM
  • Medium Commercial Vehicle Segment-Competitive Environment
  • Medium Commercial Vehicle Segment-Key Best Selling Models
  • Heavy Commercial Vehicle Segment-Unit Sales by OEM
  • Heavy Commercial Vehicle Segment-Competitive Environment
  • Heavy Commercial Vehicle Segment-Key Best Selling Models
  • Light Bus Segment-Unit Sales by OEM
  • Light Bus Segment-Competitive Environment
  • Light Bus Segment-Key Best Selling Models
  • Medium/Heavy Bus Segment-Unit Sales by OEM
  • Medium/Heavy Bus Segment-Competitive Environment
  • Medium/Heavy Bus Segment-Key Best Selling Models

11. OEM Profiles

  • Top Market Participants
  • Manufacturing Locations
  • Commercial Vehicles Manufacturers-UMW Holdings Berhad
  • Commercial Vehicles Manufacturers-Isuzu Malaysia Sdn Bhd
  • Commercial Vehicles Manufacturers-Tan Chong Motor Holdings Berhad
  • Commercial Vehicles Manufacturers-Sime Darby Berhad
  • Commercial Vehicles Manufacturers-Hino Motor Sales (M) Sdn Bhd
  • Recent Activities

12. Growth Opportunities and Companies to Action

  • Growth Opportunities and Companies to Action
  • Growth Opportunity 1-Infrastructure Projects
  • Growth Opportunity 2-Increasing Demand for Pickups
  • Growth Opportunity 3-Market Expansion by Chinese Companies
  • Growth Opportunity 4-Growth in Manufacturing Industry
  • Strategic Imperatives for Success and Growth

13. Conclusions and Future Outlook

  • Strategic Recommendations for Global OEMs
  • Commercial Vehicle Market-Recommended Dealership Locations
  • The Last Word-3 Big Predictions
  • Legal Disclaimer

14. Appendix

  • List of Exhibits
  • Table of Acronyms Used
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  • Ford
  • Hino
  • Isuzu
  • Mitsubishi
  • Nissan
  • Toyota
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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