How big is the Indonesia Passenger Vehicles Lubricants Market?

The Indonesia Passenger Vehicles Lubricants Market size is expected to reach 140.46 million Liters in 2024 and grow at a CAGR of 3.38% to reach 150.12 million Liters by 2026. Read More

What is the current Indonesia Passenger Vehicles Lubricants Market size?

In 2024, the Indonesia Passenger Vehicles Lubricants Market size is expected to reach 140.46 million Liters. Read More

Who are the key players in Indonesia Passenger Vehicles Lubricants Market?

BP PLC (Castrol), CHEVRON CORPORATION, ExxonMobil Corporation, PT Pertamina and Royal Dutch Shell Plc are the major companies operating in the Indonesia Passenger Vehicles Lubricants Market. Read More

Which segment has the biggest share in the Indonesia Passenger Vehicles Lubricants Market?

In the Indonesia Passenger Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type. Read More

Which is the fastest growing segment in the Indonesia Passenger Vehicles Lubricants Market?

In 2024, the Transmission & Gear Oils segment accounts for the fastest growing by product type in the Indonesia Passenger Vehicles Lubricants Market. Read More

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

In 2023, the Indonesia Passenger Vehicles Lubricants Market size was estimated at 135.64 million Liters. The report covers the Indonesia Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Indonesia Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

Indonesia Passenger Vehicles Lubricants Market Trends

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

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

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

In Indonesia, the passenger vehicle (PVs) segment was the second largest in terms of automotive lubricant consumption. During 2015-2019, the country recorded a CAGR of 4.9% in PV lubricant consumption, majorly driven by the growing on-road PV population and rising SUV sales.
In 2020, PVs accounted for about 21.7% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in PV lubricant consumption, at about 71.77%, during the year. During 2020, PV lubricant consumption declined by 17.84% due to COVID-19, which led to a dip in PV sales and extended service intervals.
During 2021-2026, the transmission oil segment is expected to become the fastest-growing segment, at a CAGR of 6.89%. This growth is likely to be driven by the rising sales of automatic cars and electric vehicles.