How big is the Indonesia Automotive Lubricants Market?

The Indonesia Automotive Lubricants Market size is expected to reach 635.99 million Liters in 2024 and grow at a CAGR of 4.24% to reach 691.03 million Liters by 2026. Read More

What is the current Indonesia Automotive Lubricants Market size?

In 2024, the Indonesia Automotive Lubricants Market size is expected to reach 635.99 million Liters. Read More

Who are the key players in Indonesia Automotive Lubricants 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 Lubricants Market. Read More

Which segment has the biggest share in the Indonesia Automotive Lubricants Market?

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

Which is the fastest growing segment in the Indonesia Automotive Lubricants Market?

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

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

In 2023, the Indonesia Automotive Lubricants Market size was estimated at 608.93 million Liters. The report covers the Indonesia Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Indonesia Automotive Lubricants Market size for years: 2024, 2025 and 2026. Read More

Indonesia Automotive Lubricants Market Trends

Statistics for the 2023 & 2024 Indonesia Automotive Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Indonesia Automotive Lubricants 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 Lubricants Industry

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

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

In Indonesia, motorcycles accounted for the largest share of 84.49% in the total number of on-road vehicles in 2020, followed by passenger vehicles (PVs) and commercial vehicles (CVs) at 11.6% and 3.91%, respectively.
The motorcycle segment accounted for the highest share of 56.71% in the total lubricant consumption in 2020, followed by PV (20.7%) and CV (20.6%). In 2020, the COVID-19 outbreak led to a notable dip in lubricants consumption, with PV lubricant consumption recording the highest dip of 17.84%, followed by commercial vehicles (12.96%) and motorcycles (8.46%).
The motorcycle segment is projected to be the fastest-growing lubricant consumer, with a CAGR of 5.69%, over the forecast period. The growth is expected to be driven by a recovery in motorcycle production and sales and the growing use of the existing fleet.