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

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

The Malaysia Passenger Vehicles Lubricants Market size is estimated at 173.73 Million Liters in 2024, and is expected to reach 183.05 Million Liters by 2026, growing at a CAGR of 2.65% 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 Malaysia from 2021 is likely to drive the demand for transmission oils in the country over the forecast period.

Malaysia Passenger Vehicles Lubricants Market Trends

Largest Segment By Product Type : Engine Oils

• In Malaysia, passenger vehicle is the largest segment in terms of automotive lubricant consumption. During 2015-2019, the country recorded a CAGR of 6.12% in PV lubricant consumption, majorly driven by growth in vehicles on-road and PV production in the country.
• In 2020, passenger vehicles accounted for 48.73% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in PV lubricant consumption, with a share of about 76.59% during the year. During 2020, PV lubricant consumption declined by nearly 10% due to the COVID-19 pandemic, which led to a dip in PV sales and extended service intervals.
• In the next five years, the transmission oils segment is expected to be the fastest-growing segment with a CAGR of 5.09%. This growth is likely to be driven by a recovery in annual average distance traveled and increasing automatic car sales in the country.

Malaysia Passenger Vehicles Lubricants Industry Overview

The Malaysia Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 83.40%. The major players in this market are BP Plc (Castrol), ExxonMobil Corporation, PETRONAS Lubricants International, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
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