Japan Commercial Vehicles Lubricants Market Analysis by Mordor Intelligence
The Japan Commercial Vehicles Lubricants Market size is estimated at 265.54 million liters in 2025, and is expected to reach 288.32 million liters by 2030, at a CAGR of 1.66% during the forecast period (2025-2030).
Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and shorter drain intervals, making it ideal for high-temperature and high-pressure applications.
Fastest Segment by Product Type - Hydraulic Fluids : The expected recovery of commercial vehicle sales and production in Japan from 2021 is expected to drive the demand for hydraulic fluids during the forecast period.
Japan Commercial Vehicles Lubricants Market Trends and Insights
Largest Segment By Product Type : Engine Oils
In Japan, commercial vehicles formed the second largest segment and accounted for 48.3% of lubricant consumption. During 2015-2019, lubricant consumption in the commercial vehicle segment declined at a CAGR of 2.64% due to the high rate of phasing out of older trucks, which led to a decline in the on-road population of commercial vehicles.
In 2020, commercial vehicle lubricant consumption declined by 12.28% as the COVID-19 pandemic affected production. In terms of lubricant consumption by commercial vehicles, engine oil accounted for a 61.79% share, followed by greases (16.14%) and transmission oils (11.99%). A major dip of 13.54% was observed in the consumption of transmission oils by commercial vehicles during the year.
During 2021-26, the hydraulic fluids segment is likely to be the fastest-growing segment, recording a CAGR of 2.24%. This growth is likely to be driven by the rise in freight transportation activities and the penetration of electric trucks in the market.
The Japan Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 94.73%. 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).
Japan Commercial Vehicles Lubricants Industry Leaders
Cosmo Energy Holdings Co. Ltd
ENEOS Corporation
ExxonMobil Corporation
Idemitsu Kosan Co. Ltd
Royal Dutch Shell Plc
*Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
March 2021: Hyundai Motor Company and Royal Dutch Shell PLC announced a five-year global business cooperation agreement, with a new focus on clean energy and carbon reduction, to help Hyundai continue its transformation as a Smart Mobility Solution Provider.
February 2021: Royal Dutch Shell PLC introduced a global portfolio of carbon-neutral lubricants for a wide range of automotive and industrial applications to control carbon emissions.
Table of Contents for Japan Commercial Vehicles Lubricants Industry Report
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 Product Type
4.1.1 Engine Oils
4.1.2 Greases
4.1.3 Hydraulic Fluids
4.1.4 Transmission & Gear Oils
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 AKT Japan Co. Ltd (TAKUMI Motor Oil)
5.3.2 Chugoku Kogyo Co. Ltd
5.3.3 Cosmo Energy Holdings Co. Ltd
5.3.4 ENEOS Corporation
5.3.5 ExxonMobil Corporation
5.3.6 FUCHS
5.3.7 Idemitsu Kosan Co. Ltd
5.3.8 Japan Sun Oil Company Ltd (SUNOCO Inc.)
5.3.9 MITASU OIL CORPORATION
5.3.10 Royal Dutch Shell Plc
*List Not Exhaustive
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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Japan Commercial Vehicles Lubricants Market Report Scope
By Product Type
Engine Oils
Greases
Hydraulic Fluids
Transmission & Gear Oils
By Product Type
Engine Oils
Greases
Hydraulic Fluids
Transmission & Gear Oils
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Key Questions Answered in the Report
How big is the Japan Commercial Vehicles Lubricants Market?
The Japan Commercial Vehicles Lubricants Market size is expected to reach 265.54 million Liters in 2025 and grow at a CAGR of 1.66% to reach 288.32 million Liters by 2030.
What is the current Japan Commercial Vehicles Lubricants Market size?
In 2025, the Japan Commercial Vehicles Lubricants Market size is expected to reach 265.54 million Liters.
Who are the key players in Japan Commercial Vehicles Lubricants Market?
Cosmo Energy Holdings Co. Ltd, ENEOS Corporation, ExxonMobil Corporation, Idemitsu Kosan Co. Ltd and Royal Dutch Shell Plc are the major companies operating in the Japan Commercial Vehicles Lubricants Market.
What years does this Japan Commercial Vehicles Lubricants Market cover, and what was the market size in 2024?
In 2024, the Japan Commercial Vehicles Lubricants Market size was estimated at 261.13 million Liters. The report covers the Japan Commercial Vehicles Lubricants Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Japan Commercial Vehicles Lubricants Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Japan Commercial Vehicles Lubricants Market Report
Statistics for the 2025 Japan Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Japan Commercial Vehicles Lubricants analysis includes a market forecast outlook for 2025 to 2030) and historical overview. Get a sample of this industry analysis as a free report PDF download.
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