Indonesia Passenger Vehicles Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026

Indonesia Passenger Vehicles Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026

The Indonesia Passenger Vehicles Lubricants Market size is estimated at 140.46 Million Liters in 2024, and is expected to reach 150.12 Million Liters by 2026, growing at a CAGR of 3.38% during the forecast period (2024-2026).

Key Highlights

• Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and shorter drain intervals, as it is used for high-temperature and high-pressure applications.
• Fastest Segment by Product Type - Transmission & Gear Oils : The expected recovery of passenger car sales and production in Indonesia from 2021 is likely to drive the country's demand for transmission oils during the forecast period.

Indonesia Passenger Vehicles Lubricants Market Trends

Largest Segment By Product Type : Engine Oils

• In Indonesia, the passenger vehicle (PVs) segment was the second largest in terms of automotive lubricant consumption. During 2015-2019, the country recorded a CAGR of 4.9% in PV lubricant consumption, majorly driven by the growing on-road PV population and rising SUV sales.
• In 2020, PVs accounted for about 21.7% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in PV lubricant consumption, at about 71.77%, during the year. During 2020, PV lubricant consumption declined by 17.84% due to COVID-19, which led to a dip in PV sales and extended service intervals.
• During 2021-2026, the transmission oil segment is expected to become the fastest-growing segment, at a CAGR of 6.89%. This growth is likely to be driven by the rising sales of automatic cars and electric vehicles.

Indonesia Passenger Vehicles Lubricants Industry Overview

The Indonesia Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 86.75%. The major players in this market are BP PLC (Castrol), CHEVRON CORPORATION, ExxonMobil Corporation, PT Pertamina and Royal Dutch Shell Plc (sorted alphabetically).

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• The market estimate (ME) sheet in Excel format
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