Japan Passenger Vehicles Lubricants Market - Size, Share, Forecast & Covid-19 Impact (2022 - 2027)

The Japan Passenger Vehicles Lubricants Market is segmented by Product Type ( Engine Oils, Greases, Hydraulic Fluids, Transmission Oils )

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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/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Product Type: Engine Oils
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Product Type: Hydraulic Fluids
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 0.06 %

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Market Overview

The Japan Passenger Vehicles Lubricants Market stood at 250.21 million liters in 2020 and is projected to register a CAGR of 0.06% to reach 251.11 million liters in 2026.

  • 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.

Scope of the Report

By Product Type
Engine Oils
Greases
Hydraulic Fluids
Transmission Oils

Report scope can be customized per your requirements. Click here.

Key Market Trends

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.

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).

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 Type

        1. 4.1.1 Engine Oils

        2. 4.1.2 Greases

        3. 4.1.3 Hydraulic Fluids

        4. 4.1.4 Transmission Oils

    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 Idemitsu Kosan Co. Ltd

        7. 5.3.7 Motul

        8. 5.3.8 Royal Dutch Shell Plc

        9. 5.3.9 Royal Purple (REDTREE Co. Ltd)

        10. 5.3.10 Wako Chemical Co. Ltd

    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:  

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

      Figure 2:  

      JAPAN PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, BY PRODUCT TYPE, 2015-2026

      Figure 3:  

      JAPAN PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

      Figure 4:  

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

      Figure 5:  

      JAPAN PASSENGER VEHICLES LUBRICANTS MARKET, ENGINE OILS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

      Figure 6:  

      JAPAN PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, GREASES, 2015-2026

      Figure 7:  

      JAPAN PASSENGER VEHICLES LUBRICANTS MARKET, GREASES, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

      Figure 8:  

      JAPAN PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, HYDRAULIC FLUIDS, 2015-2026

      Figure 9:  

      JAPAN PASSENGER VEHICLES LUBRICANTS MARKET, HYDRAULIC FLUIDS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

      Figure 10:  

      JAPAN PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, TRANSMISSION OILS, 2015-2026

      Figure 11:  

      JAPAN PASSENGER VEHICLES LUBRICANTS MARKET, TRANSMISSION OILS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

      Figure 12:  

      JAPAN PASSENGER VEHICLES LUBRICANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

      Figure 13:  

      JAPAN PASSENGER VEHICLES LUBRICANTS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

      Figure 14:  

      JAPAN PASSENGER VEHICLES LUBRICANTS 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 Passenger Vehicles Lubricants Market market is studied from 2015 - 2026.

    The Japan Passenger Vehicles Lubricants Market is growing at a CAGR of 0.06% over the next 5 years.

    Engine Oils is growing at the highest CAGR over 2021- 2026.

    Hydraulic Fluids 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 Passenger Vehicles Lubricants Market.