Malaysia Automotive Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 357.51 Million Liters |
| Market Volume (2026) | 377.88 Million Liters |
| CAGR (2024 - 2026) | 2.81 % |
| Market Concentration | High |
Malaysia Automotive Lubricants Market Analysis
The Malaysia Automotive Lubricants Market size is estimated at 357.51 Million Liters in 2024, and is expected to reach 377.88 Million Liters by 2026, growing at a CAGR of 2.81% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : Malaysia has a large active passenger vehicle parc. As a result, the lubricant consumption of this sector occupies the highest share in the overall lubricant market.
- Fastest Segment by Vehicle Type - Motorcycles : Post the rebound in economic and business activity, the increasing sales and presence of motorcycles are expected to boost the demand for motorcycle lubricants in Malaysia.
- 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 for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : The expected recovery of passenger car sales and production in Malaysia from 2021 is likely to drive the demand for transmission oils in the country over the forecast period.
Malaysia Automotive Lubricants Market Trends
This section covers the major market trends shaping the Malaysia Automotive Lubricants Market according to our research experts:
Largest Segment By Vehicle Type : Passenger Vehicles
- In Malaysia, passenger vehicles (PVs) accounted for the largest share of 47.4% in the total number of on-road vehicles in 2020, followed by motorcycles and commercial vehicles (CVs) at 46.01% and 6.59%, respectively.
- The PV segment accounted for the highest share of 48.73% in the total lubricant consumption in 2020, followed by CVs (29.07%) and motorcycles (22.2%). In 2020, the COVID-19 outbreak led to a notable dip in lubricant consumption, wherein the lubricant consumption of commercial vehicles recorded the highest dip of 10.51%, followed by passenger vehicles (9.92%).
- The motorcycle segment is projected to be the fastest-growing lubricant consumer, with a CAGR of 5.47%, over the forecast period. The expected recovery in the average distance traveled by existing fleets and the growing sales are projected to drive the motorcycle lubricant consumption during this period.
Malaysia Automotive Lubricants Industry Overview
The Malaysia Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 82.10%. The major players in this market are BP Plc (Castrol), Chevron Corporation, PETRONAS Lubricants International, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).
Malaysia Automotive Lubricants Market Leaders
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BP Plc (Castrol)
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Chevron Corporation
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PETRONAS Lubricants International
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Royal Dutch Shell Plc
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TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Malaysia Automotive 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: Castrol, one of Malaysia's major automotive lubricant manufacturers, introduced Castrol Power1 Ultimate, a brand-new type of 100% synthetic engine oil that promises exceptional performance and endurance.
- 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.
Malaysia Automotive 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 Vehicle Type
4.1.1 Commercial Vehicles
4.1.2 Motorcycles
4.1.3 Passenger Vehicles
4.2 By Product Type
4.2.1 Engine Oils
4.2.2 Greases
4.2.3 Hydraulic Fluids
4.2.4 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 Emirates National Oil Company (ENOC)
5.3.4 ExxonMobil Corporation
5.3.5 Petron Corporation
5.3.6 PETRONAS Lubricants International
5.3.7 Royal Dutch Shell Plc
5.3.8 TotalEnergies
5.3.9 UMW HOLDINGS BERHAD
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
Malaysia Automotive Lubricants Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Malaysia Automotive Lubricants Market Research FAQs
How big is the Malaysia Automotive Lubricants Market?
The Malaysia Automotive Lubricants Market size is expected to reach 357.51 million Liters in 2024 and grow at a CAGR of 2.81% to reach 377.88 million Liters by 2026.
What is the current Malaysia Automotive Lubricants Market size?
In 2024, the Malaysia Automotive Lubricants Market size is expected to reach 357.51 million Liters.
Who are the key players in Malaysia Automotive Lubricants Market?
BP Plc (Castrol), Chevron Corporation, PETRONAS Lubricants International, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Malaysia Automotive Lubricants Market.
Which segment has the biggest share in the Malaysia Automotive Lubricants Market?
In the Malaysia Automotive Lubricants Market, the Passenger Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Malaysia Automotive Lubricants Market?
In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the Malaysia Automotive Lubricants Market.
What years does this Malaysia Automotive Lubricants Market cover, and what was the market size in 2023?
In 2023, the Malaysia Automotive Lubricants Market size was estimated at 347.23 million Liters. The report covers the Malaysia Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Malaysia Automotive Lubricants Market size for years: 2024, 2025 and 2026.
Malaysia Automotive Lubricants Industry Report
Statistics for the 2024 Malaysia Automotive Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Malaysia Automotive 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.
