Market Size of Malaysia Automotive Engine Oils Industry
| 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 |
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.
