How big is the Malaysia Passenger Vehicles Lubricants Market?

The Malaysia Passenger Vehicles Lubricants Market size is expected to reach 173.73 million Liters in 2024 and grow at a CAGR of 2.65% to reach 183.05 million Liters by 2026. Read More

What is the current Malaysia Passenger Vehicles Lubricants Market size?

In 2024, the Malaysia Passenger Vehicles Lubricants Market size is expected to reach 173.73 million Liters. Read More

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

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

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

In the Malaysia Passenger 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 Passenger Vehicles Lubricants Market?

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

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

In 2023, the Malaysia Passenger Vehicles Lubricants Market size was estimated at 168.77 million Liters. The report covers the Malaysia Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Malaysia Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

Malaysia Passenger Vehicles Lubricants Market Trends

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

This section covers the major market trends shaping the Malaysia Passenger 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, passenger vehicle is the largest segment in terms of automotive lubricant consumption. During 2015-2019, the country recorded a CAGR of 6.12% in PV lubricant consumption, majorly driven by growth in vehicles on-road and PV production in the country.
In 2020, passenger vehicles accounted for 48.73% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in PV lubricant consumption, with a share of about 76.59% during the year. During 2020, PV lubricant consumption declined by nearly 10% due to the COVID-19 pandemic, which led to a dip in PV sales and extended service intervals.
In the next five years, the transmission oils segment is expected to be the fastest-growing segment with a CAGR of 5.09%. This growth is likely to be driven by a recovery in annual average distance traveled and increasing automatic car sales in the country.