Malaysia Automotive Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026
The Malaysia Automotive Lubricants Market size is estimated at 357.51 Million Liters in 2024, and is expected to reach 377.88 Million Liters by 2026, growing at a CAGR of 2.81% during the forecast period (2024-2026).
Key Highlights
- Largest Segment by Vehicle Type - Passenger Vehicles : Malaysia has a large active passenger vehicle parc. As a result, the lubricant consumption of this sector occupies the highest share in the overall lubricant market.
- Fastest Segment by Vehicle Type - Motorcycles : Post the rebound in economic and business activity, the increasing sales and presence of motorcycles are expected to boost the demand for motorcycle lubricants in Malaysia.
- 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 Malaysia from 2021 is likely to drive the demand for transmission oils in the country over the forecast period.
Malaysia Automotive Lubricants Market Trends
Largest Segment By Vehicle Type : Passenger Vehicles
- In Malaysia, passenger vehicles (PVs) accounted for the largest share of 47.4% in the total number of on-road vehicles in 2020, followed by motorcycles and commercial vehicles (CVs) at 46.01% and 6.59%, respectively.
- The PV segment accounted for the highest share of 48.73% in the total lubricant consumption in 2020, followed by CVs (29.07%) and motorcycles (22.2%). In 2020, the COVID-19 outbreak led to a notable dip in lubricant consumption, wherein the lubricant consumption of commercial vehicles recorded the highest dip of 10.51%, followed by passenger vehicles (9.92%).
- The motorcycle segment is projected to be the fastest-growing lubricant consumer, with a CAGR of 5.47%, over the forecast period. The expected recovery in the average distance traveled by existing fleets and the growing sales are projected to drive the motorcycle lubricant consumption during this period.
Malaysia Automotive Lubricants Industry Overview
The Malaysia Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 82.10%. The major players in this market are BP Plc (Castrol), Chevron Corporation, PETRONAS Lubricants International, Royal Dutch Shell Plc and TotalEnergies (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 Type
- 4.2.1 Engine Oils
- 4.2.2 Greases
- 4.2.3 Hydraulic Fluids
- 4.2.4 Transmission & Gear Oils
- 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 Emirates National Oil Company (ENOC)
- 5.3.4 ExxonMobil Corporation
- 5.3.5 Petron Corporation
- 5.3.6 PETRONAS Lubricants International
- 5.3.7 Royal Dutch Shell Plc
- 5.3.8 TotalEnergies
- 5.3.9 UMW HOLDINGS BERHAD
- 5.3.10 Valvoline Inc.
- 6 Appendix
- 6.1 Appendix-1 References
- 6.2 Appendix-2 List of Tables & Figures
- 7 Key Strategic Questions for Lubricants CEOs
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook