How big is the Thailand Automotive Lubricants Market?

The Thailand Automotive Lubricants Market size is expected to reach 440.50 million Liters in 2024 and grow at a CAGR of 2.22% to reach 460.24 million Liters by 2026. Read More

What is the current Thailand Automotive Lubricants Market size?

In 2024, the Thailand Automotive Lubricants Market size is expected to reach 440.50 million Liters. Read More

Who are the key players in Thailand Automotive Lubricants Market?

Bangchak Corporation, CHEVRON CORPORATION, ExxonMobil Corporation, PTT Lubricants and Royal Dutch Shell Plc are the major companies operating in the Thailand Automotive Lubricants Market. Read More

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

In the Thailand 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 Thailand Automotive Lubricants Market?

In 2024, the Passenger Vehicles segment accounts for the fastest growing by vehicle type in the Thailand Automotive Lubricants Market. Read More

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

In 2023, the Thailand Automotive Lubricants Market size was estimated at 427.75 million Liters. The report covers the Thailand Automotive Lubricants Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Thailand Automotive Lubricants Market size for years: 2024, 2025 and 2026. Read More

Thailand Automotive Lubricants Market Trends

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

This section covers the major market trends shaping the Thailand 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 Thailand, motorcycles accounted for the largest share of 52.9% among the total number of on-road vehicles in 2020, followed by passenger vehicles (PVs) and commercial vehicles (CVs), with a share of 26.97% and 20.12%, respectively.
The CV segment accounted for the highest share of 79% in total automotive lubricants consumption in 2020, followed by passenger vehicles (13%) and motorcycles (8%), respectively. In 2020, the COVID-19 outbreak led to a notable dip in lubricants consumption, where motorcycle lubricant consumption recorded the highest dip of 16.06%, followed by passenger vehicles (15.7%).
The PV segment is projected to be the fastest-growing lubricant consumer, with a CAGR of 4.6% during 2021-2026. The expected initiation in sales of electric vehicles and recovery in average distance traveled by existing fleets are expected to drive the PV lubricant consumption during this period.