Indonesia Passenger Vehicles Lubricants Market Trends

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

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Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Market Trends of Indonesia Passenger Vehicles Lubricants Industry

This section covers the major market trends shaping the Indonesia 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 Indonesia, the passenger vehicle (PVs) segment was the second largest in terms of automotive lubricant consumption. During 2015-2019, the country recorded a CAGR of 4.9% in PV lubricant consumption, majorly driven by the growing on-road PV population and rising SUV sales.
  • In 2020, PVs accounted for about 21.7% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in PV lubricant consumption, at about 71.77%, during the year. During 2020, PV lubricant consumption declined by 17.84% due to COVID-19, which led to a dip in PV sales and extended service intervals.
  • During 2021-2026, the transmission oil segment is expected to become the fastest-growing segment, at a CAGR of 6.89%. This growth is likely to be driven by the rising sales of automatic cars and electric vehicles.
Indonesia Passenger Vehicles Lubricants Market

Indonesia Passenger Vehicles Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026