Indonesia Commercial Vehicles Lubricants Market Size
![Indonesia Commercial Vehicles Lubricants Market](https://s3.mordorintelligence.com/indonesia-commercial-vehicles-lubricants-market/1664537238760_indonesia-commercial-vehicles-lubricants-market_Market_Summary.webp)
Study Period | 2015 - 2026 |
Base Year For Estimation | 2020 |
Market Volume (2024) | 133.61 Million Liters |
Market Volume (2026) | 143.12 Million Liters |
CAGR (2024 - 2026) | 3.50 % |
Market Concentration | High |
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Indonesia Commercial Vehicles Lubricants Market Analysis
The Indonesia Commercial Vehicles Lubricants Market size is estimated at 133.61 Million Liters in 2024, and is expected to reach 143.12 Million Liters by 2026, growing at a CAGR of 3.5% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and low drain intervals. It is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : The expected recovery of commercial truck sales and the production in Indonesia in 2021 are likely to drive the demand for transmission oils in this sector at a high rate.
Indonesia Commercial Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Indonesia 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 Indonesia, commercial vehicles (CVs) formed the third-largest segment and accounted for about 21.6% of lubricant consumption. During 2015-2019, lubricant consumption recorded a CAGR of 3.45% in the CV segment, majorly driven by the growing on-road CV population and the average distance traveled per year.
- In 2020, lubricant consumption of commercial vehicles declined by 12.96% as COVID-19 affected sales. Engine oil accounted for a 62.79% share in CV lubricant consumption, in 2020. A major decline of 13.64% was observed in the consumption of greases in the CV segment during the year, over 2019.
- Over the forecast period, the transmission oils segment is likely to grow rapidly, with a CAGR of 6.1%. The recovery in the production and sales of new commercial vehicles is likely to drive the consumption of transmission oils over the forecast period.
![Indonesia Commercial Vehicles Lubricants Market](https://s3.mordorintelligence.com/indonesia-commercial-vehicles-lubricants-market/1664537244577_indonesia-commercial-vehicles-lubricants-market_Indonesia_Commercial_Vehicles_Lubricants_Market,_Volume_Share,_By_Product_Type,_2020.png)
Indonesia Commercial Vehicles Lubricants Industry Overview
The Indonesia Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 87.74%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, PT Pertamina, PT Wiraswasta Gemilang Indonesia (Evalube) and Royal Dutch Shell Plc (sorted alphabetically).
Indonesia Commercial Vehicles Lubricants Market Leaders
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BP PLC (Castrol)
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ExxonMobil Corporation
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PT Pertamina
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PT Wiraswasta Gemilang Indonesia (Evalube)
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Royal Dutch Shell Plc
*Disclaimer: Major Players sorted in no particular order
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Indonesia Commercial Vehicles Lubricants Market News
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.
- March 2021: Castrol announced the launch of Castrol ON (a Castrol e-fluid range that includes e-gear oils, e-coolants, and e-greases) to its product portfolio. This range is specially designed for electric vehicles.
Indonesia Commercial Vehicles Lubricants Market Report - Table of Contents
1. Executive Summary & Key Findings
2. Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study
2.3 Research Methodology
3. Key Industry Trends
3.1 Automotive Industry Trends
3.2 Regulatory Framework
3.3 Value Chain & Distribution Channel Analysis
4. Market Segmentation
4.1 By Product Type
4.1.1 Engine Oils
4.1.2 Greases
4.1.3 Hydraulic Fluids
4.1.4 Transmission & Gear Oils
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 BP PLC (Castrol)
5.3.2 CHEVRON CORPORATION
5.3.3 ExxonMobil Corporation
5.3.4 FUCHS
5.3.5 Idemitsu Kosan Co. Ltd
5.3.6 PT Pertamina
5.3.7 PT Wiraswasta Gemilang Indonesia (Evalube)
5.3.8 Royal Dutch Shell Plc
5.3.9 TotalEnergies
5.3.10 Valvoline Inc.
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Indonesia Commercial Vehicles Lubricants Industry Segmentation
By Product Type | |
Engine Oils | |
Greases | |
Hydraulic Fluids | |
Transmission & Gear Oils |
Indonesia Commercial Vehicles Lubricants Market Research FAQs
How big is the Indonesia Commercial Vehicles Lubricants Market?
The Indonesia Commercial Vehicles Lubricants Market size is expected to reach 133.61 million Liters in 2024 and grow at a CAGR of 3.5% to reach 143.12 million Liters by 2026.
What is the current Indonesia Commercial Vehicles Lubricants Market size?
In 2024, the Indonesia Commercial Vehicles Lubricants Market size is expected to reach 133.61 million Liters.
Who are the key players in Indonesia Commercial Vehicles Lubricants Market?
BP PLC (Castrol), ExxonMobil Corporation, PT Pertamina, PT Wiraswasta Gemilang Indonesia (Evalube) and Royal Dutch Shell Plc are the major companies operating in the Indonesia Commercial Vehicles Lubricants Market.
Which segment has the biggest share in the Indonesia Commercial Vehicles Lubricants Market?
In the Indonesia Commercial Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Indonesia Commercial Vehicles Lubricants Market?
In 2024, the Transmission & Gear Oils segment accounts for the fastest growing by product type in the Indonesia Commercial Vehicles Lubricants Market.
What years does this Indonesia Commercial Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Indonesia Commercial Vehicles Lubricants Market size was estimated at 128.84 million Liters. The report covers the Indonesia Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Indonesia Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Indonesia Commercial Vehicles Lubricants Industry Report
Statistics for the 2024 Indonesia Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Indonesia Commercial Vehicles Lubricants analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.