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.

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Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

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.
Indonesia Automotive Engine Oils Market

Indonesia Automotive Engine Oil Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026