Indonesia Automotive Lubricants Market - Size, Share, COVID-19 Impact & Forecasts Up To 2026

The Indonesia Automotive Lubricants Market stood at 536.23 million liters in 2021 and is projected to register a CAGR of 5.20% to reach 691.03 million liters in 2026.

Key Highlights

• Largest Segment by Vehicle Type - Motorcycles: Indonesia has a large active motorcycle fleet. 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 and moped sales and usage in Indonesia from 2021 is expected to augment the demand for various motorcycle lubricants in the country in the future.
• 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 car and truck sales and production in Indonesia from 2021 is expected to drive the demand for transmission fluids in the country in the future.

Key Market Trends

Largest Segment By Vehicle Type: Motorcycles

• In Indonesia, motorcycles accounted for the largest share of 84.49% in the total number of on-road vehicles in 2020, followed by passenger vehicles (PVs) and commercial vehicles (CVs) at 11.6% and 3.91%, respectively.
• The motorcycle segment accounted for the highest share of 56.71% in the total lubricant consumption in 2020, followed by PV (20.7%) and CV (20.6%). In 2020, the COVID-19 outbreak led to a notable dip in lubricants consumption, with PV lubricant consumption recording the highest dip of 17.84%, followed by commercial vehicles (12.96%) and motorcycles (8.46%).
• The motorcycle segment is projected to be the fastest-growing lubricant consumer, with a CAGR of 5.69%, over the forecast period. The growth is expected to be driven by a recovery in motorcycle production and sales and the growing use of the existing fleet.

Competitive Landscape

The Indonesia Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 87.99%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, PT Pertamina, PT Wiraswasta Gemilang Indonesia (Evalube) and Royal Dutch Shell Plc (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
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