The Malaysia automotive aftermarket market is poised for significant growth in 2024, driven by various factors including increasing vehicle parc, rising consumer awareness regarding vehicle maintenance, and technological advancements in automotive components. Market Dynamics The automotive aftermarket in Malaysia encompasses the sale of automotive parts, accessories, equipment, and services after the initial sale of the vehicle by the original equipment manufacturer (OEM). As the country experiences a steady increase in the number of vehicles on its roads, the demand for aftermarket products and services is expected to rise correspondingly. This growth is supported by a burgeoning middle-class population with higher disposable incomes, which fuels spending on vehicle maintenance and customization. Key Drivers Vehicle Parc Expansion : Malaysia's automotive parc has been expanding consistently, bolstered by economic growth and increasing urbanization. A larger...