How big is the Malaysia Automotive Lubricants Market?

The Malaysia Automotive Lubricants Market size is expected to reach 357.51 million Liters in 2024 and grow at a CAGR of 2.81% to reach 377.88 million Liters by 2026. Read More

What is the current Malaysia Automotive Lubricants Market size?

In 2024, the Malaysia Automotive Lubricants Market size is expected to reach 357.51 million Liters. Read More

Who are the key players in Malaysia Automotive Lubricants Market?

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

Which segment has the biggest share in the Malaysia Automotive Lubricants Market?

In the Malaysia Automotive Lubricants 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 Lubricants Market?

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

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

In 2023, the Malaysia Automotive Lubricants Market size was estimated at 347.23 million Liters. The report covers the Malaysia Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Malaysia Automotive Lubricants Market size for years: 2024, 2025 and 2026. Read More

Malaysia Automotive Lubricants Market Trends

Statistics for the 2023 & 2024 Malaysia Automotive Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Malaysia Automotive Lubricants 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 Lubricants Industry

This section covers the major market trends shaping the Malaysia Automotive Lubricants Market according to our research experts:

Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Passenger Vehicles</span>

In Malaysia, passenger vehicles (PVs) accounted for the largest share of 47.4% in the total number of on-road vehicles in 2020, followed by motorcycles and commercial vehicles (CVs) at 46.01% and 6.59%, respectively.
The PV segment accounted for the highest share of 48.73% in the total lubricant consumption in 2020, followed by CVs (29.07%) and motorcycles (22.2%). In 2020, the COVID-19 outbreak led to a notable dip in lubricant consumption, wherein the lubricant consumption of commercial vehicles recorded the highest dip of 10.51%, followed by passenger vehicles (9.92%).
The motorcycle segment is projected to be the fastest-growing lubricant consumer, with a CAGR of 5.47%, over the forecast period. The expected recovery in the average distance traveled by existing fleets and the growing sales are projected to drive the motorcycle lubricant consumption during this period.