How big is the Japan Automotive Engine Oils Market?

The Japan Automotive Engine Oils Market size is expected to reach 348.44 million Liters in 2024 and grow at a CAGR of 1.04% to reach 355.71 million Liters by 2026. Read More

What is the current Japan Automotive Engine Oils Market size?

In 2024, the Japan Automotive Engine Oils Market size is expected to reach 348.44 million Liters. Read More

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

Cosmo Energy Holdings Co. Ltd, ENEOS Corporation, ExxonMobil Corporation, Idemitsu Kosan Co. Ltd and Royal Dutch Shell Plc are the major companies operating in the Japan Automotive Engine Oils Market. Read More

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

In the Japan Automotive Engine Oils Market, the Passenger Vehicles segment accounts for the largest share by vehicle type. Read More

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

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

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

In 2023, the Japan Automotive Engine Oils Market size was estimated at 345.23 million Liters. The report covers the Japan Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Japan Automotive Engine Oils Market size for years: 2024, 2025 and 2026. Read More

Japan Automotive Engine Oils Market Trends

Statistics for the 2023 & 2024 Japan Automotive Engine Oils market trends, created by Mordor Intelligence™ Industry Reports. Japan 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 Japan Automotive Engine Oils Industry

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

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

In Japan, engine oils accounted for about 67% of automotive lubricants in 2020. During 2015-2019, engine oil consumption in the country recorded a negative CAGR of 3.35%. The high phase-out rate of commercial vehicles (CVs) and decline in average distance traveled by passenger vehicles (PVs) are some of the major factors leading to a decline in automotive engine oil consumption.
In 2020, the COVID-19 pandemic led to a massive decline in usage of existing vehicle fleets in the country, which led to a 12.27% dip in engine oil consumption. The PV segment recorded the largest decline of 12.6% in engine oil consumption during the year.
Over the next five years, the motorcycle segment is expected to register the highest CAGR of 2.84% in terms of engine oil consumption, while the PV segment is likely to register a negative growth of 0.04% in engine oil consumption due to growing electric vehicle sales.