How big is the Singapore Automotive Lubricants Market?

The Singapore Automotive Lubricants Market size is expected to reach 13.72 million Liters in 2024 and grow at a CAGR of 4.14% to reach 14.88 million Liters by 2026. Read More

What is the current Singapore Automotive Lubricants Market size?

In 2024, the Singapore Automotive Lubricants Market size is expected to reach 13.72 million Liters. Read More

Who are the key players in Singapore Automotive Lubricants Market?

BP Plc (Castrol), Chevron Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Singapore Automotive Lubricants Market. Read More

Which segment has the biggest share in the Singapore Automotive Lubricants Market?

In the Singapore Automotive Lubricants Market, the Commercial Vehicles segment accounts for the largest share by vehicle type. Read More

Which is the fastest growing segment in the Singapore Automotive Lubricants Market?

In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the Singapore Automotive Lubricants Market. Read More

What years does this Singapore Automotive Lubricants Market cover, and what was the market size in 2023?

In 2023, the Singapore Automotive Lubricants Market size was estimated at 13.38 million Liters. The report covers the Singapore Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Singapore Automotive Lubricants Market size for years: 2024, 2025 and 2026. Read More

Singapore Automotive Lubricants Market Trends

Statistics for the 2023 & 2024 Singapore Automotive Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Singapore Automotive 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.

Market Trends of Singapore Automotive Lubricants Industry

This section covers the major market trends shaping the Singapore Automotive Lubricants Market according to our research experts:

Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Commercial Vehicles</span>

In Singapore, passenger vehicles accounted for the largest share of 66.92% in the total number of on-road vehicles in 2020, followed by commercial vehicles (CVs) and motorcycles (MCs), with a share of 18.58% and 14.5%, respectively.
The CV segment accounted for the highest share of 49.67% of the total lubricant consumption in 2020, followed by passenger vehicles (48.35%) and motorcycles (1.97%), respectively. In 2020, the COVID-19 outbreak led to a notable dip in lubricant consumption, where PV lubricant consumption recorded the highest dip of 17.56%, followed by commercial vehicles (17.23%) and motorcycles (16.89%).
The motorcycle segment is projected to be the fastest-growing lubricant consumer, with a CAGR of 4.67% during 2021-2026. The growth is expected to be driven by the recovery in the production and sales of mopeds and motorcycles over the coming years.