Market Size of Indonesia Commercial Vehicles Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 3.50 % |
| Market Concentration | High |
Indonesia Commercial Vehicles Lubricants Market Analysis
The Indonesia Commercial Vehicles Lubricants Market size is estimated at 133.61 Million Liters in 2024, and is expected to reach 143.12 Million Liters by 2026, growing at a CAGR of 3.5% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and low drain intervals. It is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : The expected recovery of commercial truck sales and the production in Indonesia in 2021 are likely to drive the demand for transmission oils in this sector at a high rate.
