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Malaysia Automotive Engine Oils - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026

Publisher Mordor Intelligence Inc
Published Feb 17, 2024
Length 90 Pages
SKU # MOI18543524

Description

Malaysia Automotive Engine Oils - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026


The Malaysia Automotive Engine Oils Market size is estimated at 285.55 Million Liters in 2024, and is expected to reach 300.92 Million Liters by 2026, growing at a CAGR of 2.66% during the forecast period (2024-2026).

Key Highlights

  • Largest Segment by Vehicle Type - Passenger Vehicles : Malaysia has a large passenger vehicle parc. As a result, the lubricant consumption of this sector occupies the highest share in the country's automotive lubricant industry.
  • Fastest Segment by Vehicle Type - Motorcycles : The recovery in motorcycle production and sales in Malaysia from 2021 and increasing business activities are positive factors driving the consumption of lubricants.

Malaysia Automotive Engine Oils Market Trends

Largest Segment By Vehicle Type : Passenger Vehicles

  • In Malaysia, engine oils accounted for about 80% of automotive lubricants in 2020. During 2015-2019, engine oil consumption in the country recorded a CAGR of 5.93%. The increase in vehicle population and average distance traveled drove engine oil consumption during this period.
  • In 2020, the COVID-19 outbreak led to a massive decline in the usage of the existing vehicle fleet in the country, which led to a 9.7% dip in engine oil consumption. The commercial vehicle segment recorded the largest decline of 11.3% in engine oil consumption during the year.
  • During 2021-2026, the motorcycle segment is expected to register the highest CAGR growth of about 5.5% in engine oil consumption. The growth is likely to be driven by an expected recovery in motorcycle sales with favorable government incentives like low interest rates and high liquidity of motorcycles observed in 2021.

Malaysia Automotive Engine Oils Industry Overview

The Malaysia Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 82.09%. The major players in this market are BP Plc (Castrol), Chevron Corporation, PETRONAS Lubricants International, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Please note: The report will take approximately 2 business days to prepare and deliver.

Table of Contents

90 Pages
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 BP Plc (Castrol)
5.3.2 Chevron Corporation
5.3.3 Emirates National Oil Company (ENOC)
5.3.4 ExxonMobil Corporation
5.3.5 Feoso Oil (Malaysia) SDN BHD
5.3.6 LIQUI MOLY
5.3.7 PETRONAS Lubricants International
5.3.8 Royal Dutch Shell Plc
5.3.9 TotalEnergies
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

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