Market Size of Singapore 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) | 4.14 % |
| Market Concentration | High |
Singapore Automotive Lubricants Market Analysis
The Singapore Automotive Lubricants Market size is estimated at 13.72 Million Liters in 2024, and is expected to reach 14.88 Million Liters by 2026, growing at a CAGR of 4.14% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Commercial Vehicles : The highest lubricant consumption in the country's commercial vehicle industry is attributable to Singapore's high average lubricant requirements for commercial vehicles.
- Fastest Segment by Vehicle Type - Motorcycles : The estimated rebound in the business and travel activities is expected to support the usage and sales of motorcycles and the demand for lubricants in the segment.
- Largest Segment by Product Type - Engine Oils : Engine oils form the leading product type due to their high volume requirements and short drain intervals, as they are used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Hydraulic Fluids : The anticipated rebound in the sales and production of cars in Singapore from 2021 is expected to drive the demand for hydraulic fluids throughout the forecast period.
