How big is the Malaysia Automotive Engine Oils Market?

The Malaysia Automotive Engine Oils Market size is expected to reach 285.55 million Liters in 2024 and grow at a CAGR of 2.66% to reach 300.92 million Liters by 2026. Read More

What is the current Malaysia Automotive Engine Oils Market size?

In 2024, the Malaysia Automotive Engine Oils Market size is expected to reach 285.55 million Liters. Read More

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

BP Plc (Castrol), Chevron Corporation, PETRONAS Lubricants International, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Malaysia Automotive Engine Oils Market. Read More

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

In the Malaysia 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 Malaysia Automotive Engine Oils Market?

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

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

In 2023, the Malaysia Automotive Engine Oils Market size was estimated at 277.71 million Liters. The report covers the Malaysia Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Malaysia Automotive Engine Oils Market size for years: 2024, 2025 and 2026. Read More

Malaysia Automotive Engine Oils Market Trends

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

Market Trends of Malaysia Automotive Engine Oils Industry

This section covers the major market trends shaping the Malaysia 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 Malaysia, engine oils accounted for about 80% of automotive lubricants in 2020. During 2015-2019, engine oil consumption in the country recorded a CAGR of 5.93%. The increase in vehicle population and average distance traveled drove engine oil consumption during this period.
In 2020, the COVID-19 outbreak led to a massive decline in the usage of the existing vehicle fleet in the country, which led to a 9.7% dip in engine oil consumption. The commercial vehicle segment recorded the largest decline of 11.3% in engine oil consumption during the year.
During 2021-2026, the motorcycle segment is expected to register the highest CAGR growth of about 5.5% in engine oil consumption. The growth is likely to be driven by an expected recovery in motorcycle sales with favorable government incentives like low interest rates and high liquidity of motorcycles observed in 2021.