Malaysia Automotive Engine Oils Market Size

Statistics for the 2023 & 2024 Malaysia Automotive Engine Oils market size, created by Mordor Intelligence™ Industry Reports. Malaysia Automotive Engine Oils size report includes a market forecast to 2026 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Malaysia Automotive Engine Oils Industry

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Malaysia Automotive Engine Oils Market Summary
Study Period 2015 - 2026
Base Year For Estimation 2020
Forecast Data Period 2024 - 2026
Historical Data Period 2015 - 2019
CAGR (2024 - 2026) 2.66 %
Market Concentration High

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Malaysia Automotive Engine Oils Market Analysis

The Malaysia Automotive Engine Oils Market size is estimated at 285.55 Million Liters in 2024, and is expected to reach 300.92 Million Liters by 2026, growing at a CAGR of 2.66% during the forecast period (2024-2026).

  • Largest Segment by Vehicle Type - Passenger Vehicles : Malaysia has a large passenger vehicle parc. As a result, the lubricant consumption of this sector occupies the highest share in the country's automotive lubricant industry.
  • Fastest Segment by Vehicle Type - Motorcycles : The recovery in motorcycle production and sales in Malaysia from 2021 and increasing business activities are positive factors driving the consumption of lubricants.

Malaysia Automotive Engine Oils Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2026)