Japan Automotive Engine Oils Market - Size, Share, Forecast & Covid-19 Impact (2022 - 2027)

The Japan Automotive Engine Oils Market is segmented by Product Grade and by Vehicle Type ( Commercial Vehicles, Motorcycles, Passenger Vehicles )

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Market Snapshot

https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2015 - 2026
https://s3.mordorlabs.com/base%20year/1629296433432_test~base_year_base_year.svg Base Year: 2021
https://s3.mordorlabs.com/passenger_vehicles/1629285650768_test~passenger_vehicles_passenger_vehicles.svg Largest Share by Vehicle Type: Passenger Vehicles
https://s3.mordorlabs.com/passenger_vehicles/1629285650768_test~passenger_vehicles_passenger_vehicles.svg Fastest Growing by Vehicle Type: Motorcycles
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 0.70 %

Key Players

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Market Overview

The Japan Automotive Engine Oils Market stood at 341.08 million liters in 2020 and is projected to register a CAGR of 0.70% to reach 355.71 million liters in 2026.

  • Largest Segment by Vehicle Type - Passenger Vehicles : Japan has a large active passenger vehicle parc. As a result, the engine oil consumption by this sector occupies the highest share in Japan's overall engine oil sector.
  • Fastest Segment by Vehicle Type - Motorcycles : The recovery in motorcycle production and sales from 2021 is expected to be at a faster rate. As a result, the engine oil consumption growth rate is likely to be high.

Scope of the Report

By Vehicle Type
Commercial Vehicles
Motorcycles
Passenger Vehicles

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Key Market Trends

Largest Segment By Vehicle Type : Passenger Vehicles

  • In Japan, engine oils accounted for about 67% of automotive lubricants in 2020. During 2015-2019, engine oil consumption in the country recorded a negative CAGR of 3.35%. The high phase-out rate of commercial vehicles (CVs) and decline in average distance traveled by passenger vehicles (PVs) are some of the major factors leading to a decline in automotive engine oil consumption.
  • In 2020, the COVID-19 pandemic led to a massive decline in usage of existing vehicle fleets in the country, which led to a 12.27% dip in engine oil consumption. The PV segment recorded the largest decline of 12.6% in engine oil consumption during the year.
  • Over the next five years, the motorcycle segment is expected to register the highest CAGR of 2.84% in terms of engine oil consumption, while the PV segment is likely to register a negative growth of 0.04% in engine oil consumption due to growing electric vehicle sales.

Competitive Landscape

The Japan Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 93.58%. The major players in this market are Cosmo Energy Holdings Co. Ltd, ENEOS Corporation, ExxonMobil Corporation, Idemitsu Kosan Co. Ltd and Royal Dutch Shell Plc (sorted alphabetically).

Recent Developments

    Table of Contents

    1. 1. Executive Summary & Key Findings

    2. 2. Introduction

      1. 2.1 Study Assumptions & Market Definition

      2. 2.2 Scope of the Study​

      3. 2.3 Research Methodology

    3. 3. Key Industry Trends

      1. 3.1 Automotive Industry Trends

      2. 3.2 Regulatory Framework

      3. 3.3 Value Chain & Distribution Channel Analysis

    4. 4. Market Segmentation

      1. 4.1 By Product Grade

      2. 4.2 By Vehicle Type

        1. 4.2.1 Commercial Vehicles

        2. 4.2.2 Motorcycles

        3. 4.2.3 Passenger Vehicles

    5. 5. Competitive Landscape

      1. 5.1 Key Strategic Moves

      2. 5.2 Market Share Analysis

      3. 5.3 Company Profiles

        1. 5.3.1 AKT Japan Co. Ltd (TAKUMI Motor Oil)

        2. 5.3.2 BP PLC (Castrol)

        3. 5.3.3 Cosmo Energy Holdings Co. Ltd

        4. 5.3.4 ENEOS Corporation

        5. 5.3.5 ExxonMobil Corporation

        6. 5.3.6 FUCHS

        7. 5.3.7 Idemitsu Kosan Co. Ltd

        8. 5.3.8 Japan Sun Oil Company Ltd (SUNOCO Inc.)

        9. 5.3.9 Motul

        10. 5.3.10 Royal Dutch Shell Plc

    6. 6. Appendix

      1. 6.1 Appendix-1 References

      2. 6.2 Appendix-2 List of Tables & Figures

    7. 7. Key Strategic Questions for Lubricants CEOs

    List of Tables & Figures

      Figure 1:  

      VEHICLE POPULATION, NUMBER OF UNITS, JAPAN, 2015 - 2026

      Figure 2:  

      COMMERCIAL VEHICLES POPULATION, NUMBER OF UNITS, JAPAN, 2015 - 2026

      Figure 3:  

      MOTORCYCLES POPULATION, NUMBER OF UNITS, JAPAN, 2015 - 2026

      Figure 4:  

      PASSENGER VEHICLES POPULATION, NUMBER OF UNITS, JAPAN, 2015 - 2026

      Figure 5:  

      JAPAN AUTOMOTIVE ENGINE OILS MARKET, VOLUME SHARE (%), BY PRODUCT GRADE, 2020

      Figure 6:  

      JAPAN AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, BY VEHICLE TYPE, 2015-2026

      Figure 7:  

      JAPAN AUTOMOTIVE ENGINE OILS MARKET, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

      Figure 8:  

      JAPAN AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, COMMERCIAL VEHICLES, 2015-2026

      Figure 9:  

      JAPAN AUTOMOTIVE ENGINE OILS MARKET, COMMERCIAL VEHICLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

      Figure 10:  

      JAPAN AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, MOTORCYCLES, 2015-2026

      Figure 11:  

      JAPAN AUTOMOTIVE ENGINE OILS MARKET, MOTORCYCLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

      Figure 12:  

      JAPAN AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, PASSENGER VEHICLES, 2015-2026

      Figure 13:  

      JAPAN AUTOMOTIVE ENGINE OILS MARKET, PASSENGER VEHICLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

      Figure 14:  

      JAPAN AUTOMOTIVE ENGINE OILS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

      Figure 15:  

      JAPAN AUTOMOTIVE ENGINE OILS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

      Figure 16:  

      JAPAN AUTOMOTIVE ENGINE OILS MARKET SHARE(%), BY MAJOR PLAYERS, 2020

    Market Definition

    • Vehicle Types - Passenger Vehicles, Commercial Vehicles and Motorcycles are the vehicle types considered under the automotive lubricants market.
    • Product Types - For the purpose of this study, lubricant products such as engine oils, transmission oils, greases and hydraulic fluids are taken into consideration.
    • Service Refill - Service refill is the primary factor considered while accounting the lubricant consumption for each of the vehicle segments, under the study.
    • Factory Fill - First lubricant fill-ups for newly produced vehicles are considered.

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    Research Methodology

    Mordor Intelligence follows a four-step methodology in all our reports.

    • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
    • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
    • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
    • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

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    Frequently Asked Questions

    The Japan Automotive Engine Oils Market market is studied from 2015 - 2026.

    The Japan Automotive Engine Oils Market is growing at a CAGR of 0.70% over the next 5 years.

    Passenger Vehicles is growing at the highest CAGR over 2021- 2026.

    Motorcycles holds highest share in 2021.

    Cosmo Energy Holdings Co. Ltd, ENEOS Corporation, ExxonMobil Corporation, Idemitsu Kosan Co. Ltd, Royal Dutch Shell Plc are the major companies operating in Japan Automotive Engine Oils Market.