Market Size of Vietnam 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) | 4.33 % |
| Market Concentration | High |
Vietnam Automotive Lubricants Market Analysis
The Vietnam Automotive Lubricants Market size is estimated at 244.5 Million Liters in 2024, and is expected to reach 266.13 Million Liters by 2026, growing at a CAGR of 4.33% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Motorcycles : Due to the vast number of two-wheelers on the road and the increasing annual distance traveled, the motorcycle segment has the largest automotive lubricant consumption.
- Fastest Segment by Vehicle Type - Motorcycles : Motorcycle activity and sales in Vietnam are predicted to improve quickly in 2021 due to the country's economic expansions, in turn supporting the lubricant demand.
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and shorter drain intervals, as it is used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : In Vietnam, demand for transmission oils is expected to rise during the forecast period due to the increasing adoption of automatic transmissions and surge in servicing needs.
