Malaysia Engine Testing Service Market Outlook (2021-2027) | Value, COVID-19 IMPACT, Analysis, Size, Companies, Growth, Revenue, Trends, Share, Industry & Forecast
Market Forecast By Types (Agriculture, Marine, Industrial Equipment, Power Generation, Construction Equipment), By Engine Types (Diesel, Natural Gas), By End Users (Component Manufacturers (OEM’s), Third Party Maintenance and Service), By Regions (Peninsular Region, Sabah Region, Sarawak Region) and competitive landscape
| Product Code: ETC160115 | Publication Date: Feb 2022 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 76 | No. of Figures: 15 | No. of Tables: 5 |
Malaysia Engine Testing Service market report thoroughly covers market by types, engine types, end users and regions. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Malaysia Engine Testing Service Market Synopsis
Malaysia engine testing service market is growing at a significant rate over the past few years owing to the growing economic activities across the country which leads to more usage of machineries, and hence acting as a major growth driver for engine testing servicing. The COVID-19 pandemic has negatively affected the engine servicing industry in terms of lower usage of machines in the peak season, strict lockdown disrupting major economic activities and supply chain system of the country as Malaysia is highly dependent on port trade activities and cargo services through sea route. However, the market is expected to recover sharply in the coming years owing to lifting of lockdown restrictions and increasing budget allocation in the 12th Malaysian Plan 2021-2025 by the government.
According to 6Wresearch, Malaysia Engine Testing Service Market size is projected to grow at a CAGR of 7.4% during 2021E-27F. The market is broadly divided into five segments: Agriculture, Marine, Power Generation, Construction Equipment and Industrial Equipment. Construction equipment segment dominates the market owing to their maximum use in infrastructure development activities and housing development plans. Additionally, growth in number of construction projects across the country would further increase the demand for equipments in coming years leading to a significant market growth. In terms of market segment by engine types, diesel engine segment held the largest revenue share in the year 2020 as most of machines uses diesel as a fuel in order to get maximum production output for smooth operations.
Market by Types Analysis
In terms of types, construction equipment segment has captured 37.5% of the market share of revenues in 2020. Construction Equipment has accounted for maximum revenue share due to the use of machineries in the infrastructure development, enhancing the transportation system of the country.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Malaysia Engine Testing Service Market Overview
- Malaysia Engine Testing Service Market Size
- Malaysia Engine Testing Service Market Outlook
- Malaysia Engine Testing Service Market Forecast
- Historical Data and Forecast of Malaysia Engine Testing Service Market Revenues for the Period 2017-2027F
- Historical Data and Forecast of Malaysia Engine Testing Service Market Revenues, By Types, for the Period 2017-2027F
- Historical Data and Forecast of Malaysia Engine Testing Service Market Revenues, By Engine Types, for the Period 2017-2027F
- Historical Data and Forecast of Malaysia Engine Testing Service Market Revenues, By End Users, for the Period 2017-2027F
- Historical Data and Forecast of Malaysia Engine Testing Service Market Revenues, By Regions, for the Period 2017-2027F
- Market Drivers and Restraints
- Industry Life Cycle
- Porter’s Five Force Analysis
- Impact Analysis of COVID-19
- Malaysia Engine Testing Service Market Trends
- Malaysia Engine Testing Service Market Share/Ranking, By Companies
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
- By Types
- Agriculture
- Marine
- Industrial Equipment
- Power Generation
- Construction Equipment
- By Engine Types
- Diesel
- Natural Gas
- By End Users
- Component Manufacturers (OEM’s)
- Third Party Maintenance and Service
- By Regions
- Peninsular Region
- Sabah Region
- Sarawak Region
Malaysia Engine Testing Service Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The Malaysia engine testing service market growth in revenues is anticipated to record a CAGR of 7.4% during 2021-27.
By types, construction equipment segment has dominated the market revenues due to the rise in infrastructure development activities.
By types, construction equipment segment would record key growth throughout the forecast period 2021-27.
The key players of the market include- Tai Chong Marine Engineering Sdn. Bhd., SGS Malaysia Sdn. Bhd., MWZ-Consortium Sdn. Bhd., Cummins Sales and Service Sdn. Bhd., Mitsubishi Heavy Industries Engine System Asia Pte. Ltd., Pansar Company Sdn. Bhd., Kubota Malaysia Sdn. Bhd., Deere & Company, Caterpillar Inc. and Wärtsilä Corporation.
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1. Executive Summary |
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2. Introduction |
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2.1. Report Description |
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2.2. Key Highlights of the Report |
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2.3. Market Scope & Segmentation |
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2.4. Research Methodology |
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2.5. Assumptions |
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3. Malaysia Engine Testing Service Market Overview |
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3.1. Malaysia Engine Testing Service Market Revenues, 2017-2027F |
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3.2. Malaysia Engine Testing Service Market Industry Life Cycle |
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3.3. Malaysia Engine Testing Service Market Porter's Five Forces |
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3.4. Malaysia Engine Testing Service Market Revenue Share, By Types, 2020 & 2027F |
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3.5. Malaysia Engine Testing Service Market Revenue Share, By Engine Types, 2020 & 2027F |
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3.6. Malaysia Engine Testing Service Market Revenue Share, By End Users, 2020 & 2027F |
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3.7. Malaysia Engine Testing Service Market Revenue Share, By Regions, 2020 & 2027F |
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4. Impact Analysis of Covid-19 on Malaysia Engine Testing Service Market |
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5. Malaysia Engine Testing Service Market Dynamics |
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5.1. Impact Analysis |
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5.2. Market Drivers |
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5.3. Market Restraints |
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6. Malaysia Engine Testing Service Market Market Trends |
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7. Malaysia Engine Testing Service Market Overview, By Types |
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7.1. Malaysia Engine Testing Service Market Revenues, By Agriculture, 2017-2027F |
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7.2. Malaysia Engine Testing Service Market Revenues, By Marine, 2017-2027F |
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7.3. Malaysia Engine Testing Service Market Revenues, By Industrial Equipment, 2017-2027F |
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7.4. Malaysia Engine Testing Service Market Revenues, By Power Generation, 2017-2027F |
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7.5. Malaysia Engine Testing Service Market Revenues, By Construction Equipment, 2017-2027F |
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8. Malaysia Engine Testing Service Market Overview, By Engine Types |
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8.1. Malaysia Engine Testing Service Market Revenues, By Diesel, 2017-2027F |
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8.2. Malaysia Engine Testing Service Market Revenues, By Natural Gas, 2017-2027F |
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9. Malaysia Engine Testing Service Market Overview, By End Users |
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9.1. Malaysia Engine Testing Service Market Revenues, By Component Manufacturers (OEM’s), 2017-2027F |
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9.2. Malaysia Engine Testing Service Market Revenues, By Third Party Maintenance and Service, 2017-2027F |
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10. Malaysia Engine Testing Service Market Overview, By Regions |
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10.1. Malaysia Engine Testing Service Market Revenues, By Peninsular Region, 2017-2027F |
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10.2. Malaysia Engine Testing Service Market Revenues, By Sabah Region, 2017-2027F |
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10.3. Malaysia Engine Testing Service Market Revenues, By Sarawak Region, 2017-2027F |
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11. Malaysia Engine Testing Service Market - Key Performance Indicators |
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12. Malaysia Engine Testing Service Market Opportunity Assessment |
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12.1. Malaysia Engine Testing Service Market Opportunity Assessment, By Types, 2027F |
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12.2. Malaysia Engine Testing Service Market Opportunity Assessment, By Engine Types, 2027F |
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12.3. Malaysia Engine Testing Service Market Opportunity Assessment, By End Users, 2027F |
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12.4. Malaysia Engine Testing Service Market Opportunity Assessment, By Regions, 2027F |
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13. Malaysia Engine Testing Service Market Competitive Landscape |
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13.1. Malaysia Engine Testing Service Market Revenue Ranking, By Companies, 2020 |
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13.2. Malaysia Engine Testing Service Market Competitive Benchmarking, By Operating Parameters |
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14. Company Profiles |
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14.1. Tai Chong Marine Engineering Sdn. Bhd. |
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14.2. SGS Malaysia Sdn. Bhd. |
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14.3. MWZ-Consortium Sdn. Bhd. |
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14.4. Cummins Sales and Service Sdn. Bhd. |
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14.5. Mitsubishi Heavy Industries Engine System Asia Pte. Ltd. |
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14.6. Pansar Company Sdn. Bhd. |
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14.7. Kubota Malaysia Sdn. Bhd. |
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14.8. Deere & Company |
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14.9. Caterpillar Inc. |
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14.10. Wärtsilä Corporation |
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15. Key Strategic Recommendations |
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16. Disclaimer |
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List of Figures |
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Figure 1. Malaysia Engine Testing Service Market Revenues, 2017-2027F ($ Million) |
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Figure 2. Malaysia Engine Testing Service Market Revenue Share, By Types, 2020 & 2027F |
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Figure 3. Malaysia Engine Testing Service Market Revenue Share, By Engine Types, 2020 & 2027F |
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Figure 4. Malaysia Engine Testing Service Market Revenue Share, By End Users, 2020 & 2027F |
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Figure 5. Malaysia Engine Testing Service Market Revenue Share, By Regions, 2020 & 2027F |
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Figure 6. Malaysia Manufacturing Sector Sales, June 2020-June 2021 ($ Billion) |
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Figure 7. Total Foreign Direct Investment in Malaysia, 2020-2021 ($ Billion) |
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Figure 8. Malaysia Maritime Industry’s Top 5 Partners and their Exports, 2020 ($ Million) |
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Figure 9. Malaysia Final Energy Consumption Percentage by Sector, 2018 |
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Figure 10. Malaysia Crude Palm Oil Export, 2019-2021E (Million MT) |
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Figure 11. Malaysia Engine Testing Service Market Opportunity Assessment, By Types, 2027F |
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Figure 12. Malaysia Engine Testing Service Market Opportunity Assessment, By Engine Types, 2027F |
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Figure 13. Malaysia Engine Testing Service Market Opportunity Assessment, By End Users, 2027F |
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Figure 14. Malaysia Engine Testing Service Market Opportunity Assessment, By Regions, 2027F |
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Figure 15. Malaysia Engine Testing Service Company Ranking, By Companies, 2020 |
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List of Tables |
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Table 1. Malaysia Engine Testing Service Market Revenues, By Types, 2017-2027F ($ Million) |
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Table 2. Malaysia Engine Testing Service Market Revenues, By Engine Types, 2017-2027F ($ Million) |
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Table 3. Malaysia Engine Testing Service Market Revenues, By End Users, 2017-2027F ($ Million) |
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Table 4. Malaysia Engine Testing Service Market Revenues, By Regions, 2017-2027F ($ Million) |
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Table 5. Malaysia Total Merchandise Trade through Maritime, 2005-2020 ($ Million) |
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