How big is the Indonesia Automotive Engine Oils Market?

The Indonesia Automotive Engine Oils Market size is expected to reach 516.38 million Liters in 2024 and grow at a CAGR of 4.09% to reach 559.46 million Liters by 2026. Read More

What is the current Indonesia Automotive Engine Oils Market size?

In 2024, the Indonesia Automotive Engine Oils Market size is expected to reach 516.38 million Liters. Read More

Who are the key players in Indonesia Automotive Engine Oils Market?

BP PLC (Castrol), ExxonMobil Corporation, PT Pertamina, PT Wiraswasta Gemilang Indonesia (Evalube) and Royal Dutch Shell Plc are the major companies operating in the Indonesia Automotive Engine Oils Market. Read More

Which segment has the biggest share in the Indonesia Automotive Engine Oils Market?

In the Indonesia Automotive Engine Oils Market, the Motorcycles segment accounts for the largest share by vehicle type. Read More

Which is the fastest growing segment in the Indonesia Automotive Engine Oils Market?

In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the Indonesia Automotive Engine Oils Market. Read More

What years does this Indonesia Automotive Engine Oils Market cover, and what was the market size in 2023?

In 2023, the Indonesia Automotive Engine Oils Market size was estimated at 495.19 million Liters. The report covers the Indonesia Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Indonesia Automotive Engine Oils Market size for years: 2024, 2025 and 2026. Read More

Indonesia Automotive Engine Oils Market Trends

Statistics for the 2023 & 2024 Indonesia Automotive Engine Oils market trends, created by Mordor Intelligence™ Industry Reports. Indonesia Automotive Engine Oils trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Indonesia Automotive Engine Oils Industry

This section covers the major market trends shaping the Indonesia Automotive Engine Oils Market according to our research experts:

Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Motorcycles</span>

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.