Japan Passenger Vehicles Lubricants Market Analysis by Mordor Intelligence
The Japan Passenger Vehicles Lubricants Market size is estimated at 250.27 million liters in 2025, and is expected to reach 254.55 million liters by 2030, at a CAGR of 0.34% 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, as it is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Hydraulic Fluids : The growth in passenger vehicle sales in the country, post the economic recovery from the COVID-19 impact, is likely to drive the demand for hydraulic fluids during 2021-2026.
Japan Passenger Vehicles Lubricants Market Trends and Insights
Largest Segment By Product Type : Engine Oils
- In Japan, passenger vehicle (PV) is the leading segment in terms of automotive lubricant consumption. During 2015-2019, the country recorded a negative CAGR of 2.7% in PV lubricant consumption due to a decline in the annual average distance traveled by passenger vehicles and changes in engine dynamics.
- In 2020, PVs accounted for about 49% of the total automotive lubricant consumption in Japan. Engine oils accounted for the largest share of 72% in PV lubricant consumption during the year. During 2020, PV lubricant consumption declined by 12.66% due to COVID-19, which led to a dip in PV sales and delays in service intervals.
- During 2021-2026, the hydraulic fluids segment is likely to be the fastest-growing segment, with a CAGR of 1.99%. The growth is expected to be driven by an increase in the annual average distance traveled and a rise in sales of passenger vehicles.
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Competitive Landscape
The Japan Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 94.94%. 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 Passenger Vehicles Lubricants Industry Leaders
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Cosmo Energy Holdings Co. Ltd
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ENEOS Corporation
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ExxonMobil Corporation
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Idemitsu Kosan Co. Ltd
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Royal Dutch Shell Plc
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- April 2021: Motul launched two engine oils, namely CLASSIC EIGHTIES 10W-40 and CLASSIC NINETIES 10W-30, for classic cars manufactured between the 1970s and 2000s.
- March 2021: Castrol announced the launch of Castrol ON (a Castrol e-fluid range that includes e-gear oils, e-coolants, and e-greases) to its product portfolio. This range is specially designed for electric vehicles.
- 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.
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Japan Passenger 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 Passenger Vehicles Lubricants Market?
The Japan Passenger Vehicles Lubricants Market size is expected to reach 250.27 million Liters in 2025 and grow at a CAGR of 0.34% to reach 254.55 million Liters by 2030.
What is the current Japan Passenger Vehicles Lubricants Market size?
In 2025, the Japan Passenger Vehicles Lubricants Market size is expected to reach 250.27 million Liters.
Who are the key players in Japan Passenger 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 Passenger Vehicles Lubricants Market.
What years does this Japan Passenger Vehicles Lubricants Market cover, and what was the market size in 2024?
In 2024, the Japan Passenger Vehicles Lubricants Market size was estimated at 249.42 million Liters. The report covers the Japan Passenger Vehicles Lubricants Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Japan Passenger Vehicles Lubricants Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Japan Passenger Vehicles Lubricants Market Report
Statistics for the 2025 Japan Passenger Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Japan Passenger 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.
