Indonesia Automotive Engine Oils - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026
The Indonesia Automotive Engine Oils Market size is estimated at 516.38 Million Liters in 2024, and is expected to reach 559.46 Million Liters by 2026, growing at a CAGR of 4.09% during the forecast period (2024-2026).
Key Highlights
- Largest Segment by Vehicle Type - Motorcycles : Indonesia has a large active motorcycle fleet. As a result, lubricant consumption in this sector occupies the highest share in the country's automotive lubricant industry.
- Fastest Segment by Vehicle Type - Motorcycles : The recovery in motorcycles and moped sales and usage in Indonesia in 2021 is expected to augment the demand for various motorcycle lubricants in the country in the future.
Indonesia Automotive Engine Oils Market Trends
Largest Segment By Vehicle Type : Motorcycles
- In Indonesia, engine oils accounted for about 82% of the automotive lubricant consumption in 2020. During 2015-2019, engine oil consumption in the country recorded a CAGR of 4.81% due to an increased on-road vehicle population.
- In 2020, the COVID-19 outbreak led to a massive decline in the country's usage rate of the existing vehicle fleets, leading to an 11.03% dip in engine oil consumption. The passenger vehicle (PV) segment recorded the largest decline of 17.93% in engine oil consumption during the year.
- During 2021-2026, the motorcycle segment is expected to register the highest growth of about 5.71% in engine oil consumption, followed by the PV segment (4.02%). The growth is likely to be driven by the rising sales of automatic scooters in the country during 2021-2026.
Indonesia Automotive Engine Oils Industry Overview
The Indonesia Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 88.13%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, PT Pertamina, PT Wiraswasta Gemilang Indonesia (Evalube) and Royal Dutch Shell Plc (sorted alphabetically).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
- 1 Executive Summary & Key Findings
- 2 Introduction
- 2.1 Study Assumptions & Market Definition
- 2.2 Scope of the Study
- 2.3 Research Methodology
- 3 Key Industry Trends
- 3.1 Automotive Industry Trends
- 3.2 Regulatory Framework
- 3.3 Value Chain & Distribution Channel Analysis
- 4 Market Segmentation
- 4.1 By Vehicle Type
- 4.1.1 Commercial Vehicles
- 4.1.2 Motorcycles
- 4.1.3 Passenger Vehicles
- 4.2 By Product Grade
- 5 Competitive Landscape
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
- 5.3 Company Profiles
- 5.3.1 BP PLC (Castrol)
- 5.3.2 CHEVRON CORPORATION
- 5.3.3 ENEOS Corporation
- 5.3.4 ExxonMobil Corporation
- 5.3.5 PT Pertamina
- 5.3.6 PT Surganya Motor
- 5.3.7 PT Wiraswasta Gemilang Indonesia (Evalube)
- 5.3.8 Royal Dutch Shell Plc
- 5.3.9 Top 1
- 5.3.10 TotalEnergies
- 6 Appendix
- 6.1 Appendix-1 References
- 6.2 Appendix-2 List of Tables & Figures
- 7 Key Strategic Questions for Lubricants CEOs
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