Japan Automotive Lubricants Market Trends

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

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Market Trends of Japan Automotive Lubricants Industry

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

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

  • In Japan, passenger vehicles (PVs) accounted for the largest share, 71.38%, in the total number of on-road vehicles in 2020, followed by commercial vehicles (CVs) and motorcycles, with a share of 16.72% and 11.9%, respectively.
  • Passenger vehicles accounted for the highest share of 49.43% in the total lubricant consumption in 2020, followed by commercial vehicles (48.3%) and motorcycles (2.27%), respectively. In 2020, the COVID-19 outbreak led to a notable dip in lubricant consumption, where PV lubricant consumption recorded the highest dip of 13.1%, followed by commercial vehicles (12.28%).
  • The motorcycles segment is projected to be the fastest-growing lubricant consumer, with a CAGR of 2.72% during 2021-2026. The growth is projected to be driven by an expected rise in personal mobility and electric vehicle production in the country.
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Japan Automotive Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026