Japan Automotive Engine Oils Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 348.44 Million Liters |
| Market Volume (2026) | 355.71 Million Liters |
| CAGR (2024 - 2026) | 1.04 % |
| Market Concentration | High |
Japan Automotive Engine Oils Market Analysis
The Japan Automotive Engine Oils Market size is estimated at 348.44 Million Liters in 2024, and is expected to reach 355.71 Million Liters by 2026, growing at a CAGR of 1.04% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : Japan has a large active passenger vehicle parc. As a result, the engine oil consumption by this sector occupies the highest share in Japan's overall engine oil sector.
- Fastest Segment by Vehicle Type - Motorcycles : The recovery in motorcycle production and sales from 2021 is expected to be at a faster rate. As a result, the engine oil consumption growth rate is likely to be high.
Japan Automotive Engine Oils Market Trends
This section covers the major market trends shaping the Japan Automotive Engine Oils Market according to our research experts:
Largest Segment By Vehicle Type : Passenger Vehicles
- In Japan, engine oils accounted for about 67% of automotive lubricants in 2020. During 2015-2019, engine oil consumption in the country recorded a negative CAGR of 3.35%. The high phase-out rate of commercial vehicles (CVs) and decline in average distance traveled by passenger vehicles (PVs) are some of the major factors leading to a decline in automotive engine oil consumption.
- In 2020, the COVID-19 pandemic led to a massive decline in usage of existing vehicle fleets in the country, which led to a 12.27% dip in engine oil consumption. The PV segment recorded the largest decline of 12.6% in engine oil consumption during the year.
- Over the next five years, the motorcycle segment is expected to register the highest CAGR of 2.84% in terms of engine oil consumption, while the PV segment is likely to register a negative growth of 0.04% in engine oil consumption due to growing electric vehicle sales.
Japan Automotive Engine Oils Industry Overview
The Japan Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 93.58%. The major players in this market are Cosmo Energy Holdings Co. Ltd, ENEOS Corporation, ExxonMobil Corporation, Idemitsu Kosan Co. Ltd and Royal Dutch Shell Plc (sorted alphabetically).
Japan Automotive Engine Oils Market Leaders
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Cosmo Energy Holdings Co. Ltd
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ENEOS Corporation
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ExxonMobil Corporation
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Idemitsu Kosan Co. Ltd
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Royal Dutch Shell Plc
*Disclaimer: Major Players sorted in no particular order
Japan Automotive Engine Oils 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.
- April 2021: Motul launched two engine oils, namely CLASSIC EIGHTIES 10W-40 and CLASSIC NINETIES 10W-30, for classic cars manufactured between the 1970s and 2000s.
- March 2021: Engineers of Motul engage with Honda's HRC factory racing team's engine development department on various projects, including the development of high-tech synthetic lubricants, at the company's R&D facility in Japan.
Japan Automotive Engine Oils 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 Vehicle Type
4.1.1 Commercial Vehicles
4.1.2 Motorcycles
4.1.3 Passenger Vehicles
4.2 By Product Grade
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 AKT Japan Co. Ltd (TAKUMI Motor Oil)
5.3.2 BP PLC (Castrol)
5.3.3 Cosmo Energy Holdings Co. Ltd
5.3.4 ENEOS Corporation
5.3.5 ExxonMobil Corporation
5.3.6 FUCHS
5.3.7 Idemitsu Kosan Co. Ltd
5.3.8 Japan Sun Oil Company Ltd (SUNOCO Inc.)
5.3.9 Motul
5.3.10 Royal Dutch Shell Plc
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Japan Automotive Engine Oils Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
Japan Automotive Engine Oils Market Research FAQs
How big is the Japan Automotive Engine Oils Market?
The Japan Automotive Engine Oils Market size is expected to reach 348.44 million Liters in 2024 and grow at a CAGR of 1.04% to reach 355.71 million Liters by 2026.
What is the current Japan Automotive Engine Oils Market size?
In 2024, the Japan Automotive Engine Oils Market size is expected to reach 348.44 million Liters.
Who are the key players in Japan Automotive Engine Oils Market?
Cosmo Energy Holdings Co. Ltd, ENEOS Corporation, ExxonMobil Corporation, Idemitsu Kosan Co. Ltd and Royal Dutch Shell Plc are the major companies operating in the Japan Automotive Engine Oils Market.
Which segment has the biggest share in the Japan Automotive Engine Oils Market?
In the Japan Automotive Engine Oils Market, the Passenger Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Japan Automotive Engine Oils Market?
In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the Japan Automotive Engine Oils Market.
What years does this Japan Automotive Engine Oils Market cover, and what was the market size in 2023?
In 2023, the Japan Automotive Engine Oils Market size was estimated at 345.23 million Liters. The report covers the Japan Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Japan Automotive Engine Oils Market size for years: 2024, 2025 and 2026.
Japan Automotive Engine Oils Industry Report
Statistics for the 2024 Japan Automotive Engine Oils market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Japan Automotive Engine Oils analysis includes a market forecast outlook 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
