Automotive Industry In Malaysia 2019

Automotive growth is expected to remain moderate for the rest of 2019 with the commercial vehicle segment expected to see better traction driven by growth in foreign direct.

Automotive industry in malaysia 2019. Industry players are relying on nap 2020 to guide and seamlessly transform themselves 2019 in review. However in 2019 the malaysian automotive manufacturers managed to increase their market share and ended the year on the first and second rank among the bestselling car brands in the country. The malaysian automotive industry is the third largest in southeast asia and the 23rd largest in the world with an annual production output of over 500 000 vehicles the automotive industry contributes 4 or rm 40 billion to malaysia s gdp and employs a workforce of over 700 000. Vehicle demand in malaysia registered growth of 1 per cent in 2019 due to strong performance of new model launches in the suv segments notably proton x70.

In a briefing on the overview of the malaysian automotive sector in 2018 by malaysia automotive robotics and iot institute marii it was revealed that automotive exports saw significant gains and even reached record figures. The automotive industry in malaysia consists of 27 vehicle producers and over 640 component manufacturers. Over the years maa had grown and assumed a much greater role encompassing both the trade as well as the manufacturing aspects of the industry. The malaysian automotive association maa was established in november 1960.

On its own the automotive sector continues to improve demonstrating growth in many segments within the sector.