Japan Passenger Vehicles Lubricants Market Size

Statistics for the 2023 & 2024 Japan Passenger Vehicles Lubricants market size, created by Mordor Intelligence™ Industry Reports. Japan Passenger Vehicles Lubricants size report includes a market forecast to 202 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Japan Passenger Vehicles Lubricants Industry

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Japan Passenger Vehicles Lubricants Market Summary
Study Period 2015 - 2026
Base Year For Estimation 2020
Forecast Data Period 2024 - 2026
Historical Data Period 2015 - 2019
CAGR (2024 - 2026) 0.34 %
Market Concentration High

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Japan Passenger Vehicles Lubricants Market Analysis

The Japan Passenger Vehicles Lubricants Market size is estimated at 249.42 Million Liters in 2024, and is expected to reach 251.11 Million Liters by 2026, growing at a CAGR of 0.34% 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 shorter drain intervals, as it is used for high-temperature and high-pressure applications.
  • Fastest Segment by Product Type - Hydraulic Fluids : The growth in passenger vehicle sales in the country, post the economic recovery from the COVID-19 impact, is likely to drive the demand for hydraulic fluids during 2021-2026.

Japan Passenger Vehicles Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026