Market Size of Malaysia Automotive Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 2.81 % |
| Market Concentration | High |
Malaysia Automotive Lubricants Market Analysis
The Malaysia Automotive Lubricants Market size is estimated at 357.51 Million Liters in 2024, and is expected to reach 377.88 Million Liters by 2026, growing at a CAGR of 2.81% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : Malaysia has a large active passenger vehicle parc. As a result, the lubricant consumption of this sector occupies the highest share in the overall lubricant market.
- Fastest Segment by Vehicle Type - Motorcycles : Post the rebound in economic and business activity, the increasing sales and presence of motorcycles are expected to boost the demand for motorcycle lubricants in Malaysia.
- 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 - Transmission & Gear Oils : The expected recovery of passenger car sales and production in Malaysia from 2021 is likely to drive the demand for transmission oils in the country over the forecast period.
