Two-Wheeler Lubricants Market Size (2024 - 2029)

The Two-Wheeler Lubricants Market is experiencing growth, driven by rising demand for engine oils in developing countries and increased motorcycle sales in regions like India and China. Despite the challenges posed by the growing penetration of electric vehicles, the market has rebounded to pre-pandemic levels and is expected to expand steadily. The Asia-Pacific region leads in market consumption, with significant contributions from China, India, and Japan.

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Market Size of Two-Wheeler Lubricants Industry

Two-Wheeler Lubricants Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Two-Wheeler Lubricants Market Major Players

*Disclaimer: Major Players sorted in no particular order

Two Wheeler Lubricants Market Analysis

The Two-Wheeler Lubricants Market is projected to register a CAGR of more than 4% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market is now estimated to have reached pre-pandemic levels and is expected to grow steadily.

  • Increasing demand for engine oils from developing countries is fuelling market growth.
  • Increasing sales of motorcycles in countries such as India, China, etc., are expected to fuel the market's growth.
  • On the other hand, the increasing penetration of electric vehicles is likely to hamper the market growth.
  • The Asia-Pacific region dominated the global market, with the largest consumption from countries such as China, India, and Japan.

Two Wheeler Lubricants Industry Segmentation

Lubricant products are made from a combination of base oils and additives. The composition of base oil in the formulation of lubricants is primarily between 75-90%. The Two-Wheeler Lubricants Market is segmented by product type, end-user industry, and geography. The market is segmented by product type into engine, hydraulic, brake, and chain oil. By end-user industry, the market is segmented into motorcycles and scooters. The report also covers the market size and forecasts for two-wheeler lubricants in 15 countries across major regions. Each segment's market sizing and forecasts are based on volume (million liters).

Product Type
Engine Oil
Hydraulic Oil
Brake Oil
Chain Oil
End-user Industry
Motorcycles
Scooters
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Russia
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East & Africa
Saudi Arabia
South Africa
Rest of Middle-East & Africa
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Two-Wheeler Lubricants Market Size Summary

The two-wheeler lubricants market is experiencing a steady growth trajectory, driven by increasing demand for engine oils, particularly in developing countries. The market, which faced setbacks due to the COVID-19 pandemic, has rebounded to pre-pandemic levels and is projected to continue expanding. The surge in motorcycle sales in countries like India and China is a significant contributor to this growth. However, the rising adoption of electric vehicles poses a potential challenge to market expansion. The Asia-Pacific region leads the global market, with China, India, and Japan being the largest consumers. Engine oils, essential for lubricating internal combustion engines, play a crucial role in enhancing engine performance and longevity through various additives that reduce friction, wear, and tear.

The demand for two-wheeler lubricants is particularly robust in developing regions, with Asia-Pacific emerging as the fastest-growing market. Factors such as urbanization, increasing disposable incomes, and competitive pricing among manufacturers are driving this demand. Countries like Bangladesh, Pakistan, and the Philippines are witnessing a rise in both new and used bike sales, further bolstering market growth. The market is characterized by its fragmented nature, with key players including BP p.l.c., Shell plc, PT Pertamina(Persero), TotalEnergies, and Idemitsu Kosan Co., Ltd. Recent strategic moves by companies, such as Shell's acquisition of Allied Reliability and ENEOS Motor Oil's product launch in the Philippines, highlight ongoing efforts to strengthen market presence and cater to the growing demand for two-wheeler lubricants.

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Two-Wheeler Lubricants Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand for Engine Oils from Developing Countries

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Increasing Penetration of Electric Vehicles

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Product Type

      1. 2.1.1 Engine Oil

      2. 2.1.2 Hydraulic Oil

      3. 2.1.3 Brake Oil

      4. 2.1.4 Chain Oil

    2. 2.2 End-user Industry

      1. 2.2.1 Motorcycles

      2. 2.2.2 Scooters

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

        4. 2.3.2.4 Rest of North America

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Russia

        6. 2.3.3.6 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East & Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East & Africa

Two-Wheeler Lubricants Market Size FAQs

The Two-Wheeler Lubricants Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Idemitsu Kosan Co., Ltd, BP p.l.c., PT Pertamina(Persero), TotalEnergies and Shell plc are the major companies operating in the Two-Wheeler Lubricants Market.

Two Wheeler Lubricants Market Report Snapshots

Two Wheeler Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)