How big is the Malaysia Commercial Vehicles Lubricants Market?

The Malaysia Commercial Vehicles Lubricants Market size is expected to reach 98.23 million Liters in 2024 and grow at a CAGR of 1.91% to reach 102.01 million Liters by 2026. Read More

What is the current Malaysia Commercial Vehicles Lubricants Market size?

In 2024, the Malaysia Commercial Vehicles Lubricants Market size is expected to reach 98.23 million Liters. Read More

Who are the key players in Malaysia Commercial Vehicles Lubricants Market?

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

Which segment has the biggest share in the Malaysia Commercial Vehicles Lubricants Market?

In the Malaysia Commercial Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type. Read More

Which is the fastest growing segment in the Malaysia Commercial Vehicles Lubricants Market?

In 2024, the Transmission & Gear Oils segment accounts for the fastest growing by product type in the Malaysia Commercial Vehicles Lubricants Market. Read More

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

In 2023, the Malaysia Commercial Vehicles Lubricants Market size was estimated at 96.70 million Liters. The report covers the Malaysia Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Malaysia Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

Malaysia Commercial Vehicles Lubricants Market Trends

Statistics for the 2023 & 2024 Malaysia Commercial Vehicles Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Malaysia Commercial Vehicles Lubricants trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Malaysia Commercial Vehicles Lubricants Industry

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

Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>

In Malaysia, commercial vehicles (CVs) formed the second largest segment and accounted for about 29% of lubricant consumption. During 2015-2019, lubricant consumption recorded a CAGR of 4.92% in the CV segment. CV lubricant consumption was majorly driven by a rise in on-road CV population in the country during this period.
In 2020, commercial vehicle lubricant consumption declined by 10.51% as the COVID-19 pandemic affected sales. Engine oil accounts for a 77.2% share in CV lubricant consumption, followed by transmission oils (12.5%). A major dip of 11.32% was observed in engine oil consumption in the CV segment during the year.
During 2021-2026, transmission oil is likely to be the fastest-growing segment with a CAGR of 4.13%. The increasing share of automatic commercial vehicles in the country is expected to boost the consumption of transmission oils over the next five years.