Based on the historical data and forecasts, the Motor Vehicles Industry contribution to Malaysia's GDP stands at 1.1% for the years 2024 and 2025. It is expected to decrease slightly to 1.0% in 2026 and further decrease to 0.9% by 2027 and 2028. In 2023, the actual contribution was at a higher value, necessitating vigilance about these downward trends.

Year-on-year variations show a stable percentage from 2024 to 2025, followed by a minor decline in 2026. A drop of 0.1% continues into 2027, maintaining that level into 2028. The Compound Annual Growth Rate (CAGR) over the five years reflects an average annual decline, indicating a shrinking contribution to GDP.

Future trends to watch for:

Potential impacts of government policies and incentives on the automotive sector.
Technological advancements and their adoption rates in the industry.
Global supply chain adjustments and their influence on the local automotive market.
The automotive consumer behaviors shifting towards green and electric vehicles.