Malaysia Two Wheeler Market Forecast and Opportunities, 2025

2015 – 2025 MALAYSIA TWO-WHEELER MARKET Competition, Forecast and Opportunities

Published: June 2020 www.techsciresearch.com MARKET INTELLIGENCE. CONSULTING

Table of Contents

Ta b l e o f C o n t e n t s

S. No.

Contents

1.

Product Overview

2.

Research Methodology

3.

Voice of Customer 5.1.

5.2.

5.3.

5.4.

5.5.

Aided/Unaided Brand Recall Factors Influencing Purchase Decision Influencer of Purchase Brand Satisfaction Challenges/Unmet Needs

4.

Executive Summary

5.

Malaysia Two-Wheeler Production Overview

6.

Malaysia ICE Two-Wheeler Market Outlook 6.1.

6.2.

Market 6.1.1.

Market 6.2.1.

6.2.2.

6.3.

6.4.

6.5.

7.

6.2.3.

6.2.4.

Market Market Market

Size & Forecast

By Value & Volume Share & Forecast

By Vehicle Type (Motorcycle, Scooter/Moped)

By Engine Capacity (Up to 125cc, 126-250cc, 251-500cc, Above 500cc)

By Company

By Region Attractive Index (By Vehicle Type) Attractive Index (By Engine Capacity) Attractive Index (By Region)

Malaysia Motorcycle Market Outlook 7.1.

Market Size & Forecast

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Table of Contents S. No.

Contents 7.1.1.

7.2.

7.3.

8.

Market Share & Forecast 7.2.1.

By Engine Capacity (Up to 125cc, 126-250cc, 251-500cc, Above 500cc)

7.2.2.

By Company

Pricing Analysis of Prominent Models

Malaysia Scooter/Mopeds Market Outlook 8.1.

Market Size & Forecast 8.1.1.

8.2.

8.3.

9.

By Value & Volume

By Value & Volume

Market Share & Forecast 8.2.1.

By Engine Capacity (Up to 125cc, 126-250cc, 251-500cc, Above 500cc)

8.2.2.

By Company

Pricing Analysis of Prominent Models

Malaysia Electric Two Wheeler Market Outlook 9.1.

Market Size & Forecast 9.1.1.

9.2.

By Value & Volume

Market Share & Forecast 9.2.1.

By Vehicle Type (Motorcycle, Scooter/Moped)

9.2.2

By Battery Capacity (>25Ah, <25Ah)

9.2.3

By Battery Type (Lead-Acid, Lithium Ion)

9.2.4

By Company

9.3.

Market Attractive Index (By Battery Capacity)

9.4.

Pricing Analysis of Prominent Models

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Table of Contents S. No.

Contents

10.

Product Benchmarking

11.

Prominent Dealers & Distributors

12.

Import and Export Analysis

13.

Impact of COVID-19 on Malaysia Two Wheeler Market

14.

Market Dynamics

15.

Market Trends & Developments

16.

Economic Profile

17.

Competitive Landscape

18.

Strategic Recommendations

19.

About Us & Disclaimer

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Scope of Report

Product of Interest (POI): Two Wheeler

Two wheeler is a vehicle that runs on two wheels with engine powering the vehicle. Two wheelers can be categorized into motorcycle and scooter/moped. In motorcycle, engine is mounted in the middle of the frame, with a fuel tank above it, and a manual clutch and gear system. In scooter, engine is located between the rider and rear. While, in moped, engine is located below the driver seat with an overlay of plastic or nonstructural body panels.

Market Segmentation

MALAYSIA TWO WHEELER MARKET

ENGINE CAPACITY

VEHICLE TYPE

•

Up to 125cc

•

Motorcycle

•

126-250cc

•

Scooter/Moped

•

251-500cc

•

Above 500cc

Year Range

Review Period

2015 – 2018 REGION • East Malaysia • West Malaysia

Base Year

2019 Estimated Year

2020 Forecast Period

2021 – 2025

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RESEARCH METHODOLOGY © TechSci Research

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Research Methodology

Market Profiling

In-depth secondary research was conducted to determine top players in Malaysia two wheeler market, overall market size and segmental market size.

Formulating Questionnaire

In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide.

Developing List of Respondents

List of industry players and industry specialists was developed.

Data Collection

TechSci conducted interviews with industry experts and industry players for data collection and verification.

Primary Research Data Collection

Data Filter Research & & Analysis Intelligence

Actionable Insights

Business Solution

 Identifying Key Opinion Leaders  Questionnaire Design  In-depth Interviews

Primary Research Research Primary LinkedIn  LinkedIn TechSci Internal Internal  TechSci Database Database

Data Validation

Data obtained as a result of primary and secondary research was validated through rigorous triangulation.

Desk Research  Recent Developments  Market Changing Aspects/Dynamics  Government Policies  Final Conclusion

Secondary Secondary Research Research Company Websites Websites  Company Company Annual Annual  Company Reports Reports White Paper Paper Study Study  White Financial Reports Reports  Financial Investor  Investor Presentations Presentations Regulatory Body Body  Regulatory Associations, etc. etc.  Associations,

Data Analysis

The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about Malaysia two wheeler market.

Company Analysis  Market Participants  Key Strengths

Paid Sources Sources Paid Factiva  Factiva Hoovers  Hoovers

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Research Methodology Baseline Methodology •

Our dedicated team of industry experts has monitored and analyzed various aspects of Malaysia two wheeler market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing traffic congestion and rising demand for connectivity in mid-sized and smaller cities, etc. and speculated a positive outlook during the next five years. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in Malaysia two wheeler market.

Methodology Followed for Calculation of Market Size: •

Market Size by Value & Volume: Market size, in terms of value & volume, for the year 2019 was calculated based on information

collected

through

exhaustive

secondary

research

and

primary

surveys,

with

various

key

opinion

leaders/stakeholders, such as two wheeler manufacturers, distributors, suppliers, industry experts, and other industry participants.

•

The team interviewed more than 20 two wheeler manufacturers, 20 two wheeler distributors/dealers, 20 industry experts and other value chain stakeholders in Malaysia Two Wheeler market to obtain the overall market size for 2015-2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2015-2019.

•

Respondents were asked about the current and future market growth rates, market shares by vehicle type, by engine capacity and by each region. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated © TechSci Research

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Research Methodology Methodology Followed for Calculation of Market Shares: •

Market shares by vehicle type, by engine capacity, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares, trends and recent development in the Malaysia two wheeler market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting: •

TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.

•

Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Malaysia Two Wheeler market, TechSci Research used various forecast techniques such as: 

Moving Average



Time Series Analysis



Regression Analysis



Econometric and Judgmental Analysis

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Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long- term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data.

Partial List of Companies Interviewed

Key Secondary Sources



Boon Siew Honda Sdn Bhd.



World Bank



Suzuki Malaysia Sdn Bhd



TechSci Research Proprietary Database & Knowledge



Hong Leong Yamaha Motor



TVS Motor Company



Company Annual Reports



Kawasaki Motors (Malaysia) Sdn Bhd



Industry Reports



Sanyang Motor Co.



Statista



KTM Malaysia



News Dailies



Modenas



Credible Paid Databases



Harley Davidson Petaling Jaya.



Eclimo Sdn Bhd.

Repository

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Industry Brief According to TechSci Research report, “Malaysia Two Wheeler Market, By Vehicle Type (Motorcycle, Scooter/Moped), By Engine Capacity (Up to 125cc, 126-250cc, 250-500cc and Above 500cc) By Company and By Geography, Forecast & Opportunities, 2025”, Malaysia two wheeler market was valued USD 0.81 Billion in 2019 and is forecast to grow at CAGR of 8.96% until 2025, to reach USD 1.07 Billion by 2025. Growing number of passenger and commercial vehicles have increased the congestion on roads, which has a direct effect on the usage of two wheelers in Malaysia. Travelling through highly congested areas is easier for two wheelers because of their light weight and high manoeuvrability. Two wheelers help in saving travel time, by the virtue of their high manoeuvrability, which makes travelling easier in congested traffic and narrow streets as compared to passenger cars. Thus, growing congestion on roads in Malaysia is resulting in increase in demand for two wheelers due to their high manoeuvrability and cost effectiveness.

One of the primary reasons for growing demand for two wheelers in Malaysia is that they provide better mileage compared to passenger cars, owing to smaller sizes and lighter weight. High motorcycle fuel efficiency also reduces travel cost. Moreover, two wheelers don’t have any peripheral units which consume power from engine. Also, in comparison to passenger cars, the maintenance cost of two wheelers is comparatively lower with the annual maintenance cost of a two wheeler being approximately one-third of the maintenance cost of a small passenger car. Furthermore, the tax and insurance cost incurred in owning a two wheeler is also low compared to passenger car. Thus, better fuel economy, low maintenance cost and low cost of ownership are among the major driving factors boosting demand for two wheelers in Malaysia.

Malaysia electric two wheeler market can be segregated based on vehicle type, battery capacity, battery type and region. Malaysia two wheeler market was dominated by scooters, capturing a volume share of more than 65% in 2019, predominantly due to their lower prices, better maneuverability and the increasing preference of these vehicles by the female population. The country is witnessing massive growth in employment among the female population. More and more women are taking up service jobs where they are required to travel every day.

Keeping in mind their personal mobility and safety, scooters appears as a convenient travel option.

Major companies operating in the economy include Boon Siew Honda Sdn Bhd, Suzuki Malaysia Sdn Bhd, Hong Leong Yamaha Motor, TVS Motor Company, Kawasaki Motors (Malaysia) Sdn Bhd, Sanyang Motor Co., KTM Malaysia, Motosikal dan Enjin Nasional Sdn Bhd, Harley Davidson Petaling Jaya and Eclimo Sdn Bhd., among others.

“Electric two wheelers exhibit huge growth potential and the market is projected to witness a CAGR of 16.20% during the forecast period, in volume terms. Even though the current purchasing cost is higher than that of the conventional counterpart, but in the near future the price is expected to decline to a large extent with the continuous decline in battery cost which accounts for a huge cost share of an electric vehicle. From 2010 to 2020, the cost of batteries declined by almost 15%, which is further expected fall by 30 to 35% during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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Sample Data - Snapshot Malaysia ICE Two Wheeler Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F CAGR 2015-2019

By Value: xx%

By Volume: xx%

1.50

CAGR 2020E-2025F

By Value: xx%

By Volume: xx%

0.80 0.60

1.00

0.40 0.50

0.20

0.00

0.00 2015

2016

2017

2018

2019

2020E

2021F

Value (USD Billion)

2022F

2023F

2024F

2025F

Volume (Million Unit)

Malaysia Electric Two Wheeler Market Share, By Vehicle Type, By Volume, 2015–2025F

2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

Malaysia Electric Two Wheeler Market Share, By Battery Capacity, By Volume, 2015–2025F

2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

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Report Name: MALAYSIA TWO-WHEELER MARKET Competition, Forecast and Opportunities 2015 – 2025

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To View Sample OR Purchase Report

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About Us & Disclaimer About Us TechSci Research is a global market research and consulting company with offices in Canada, India and the UK. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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Disclaimer

The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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