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

The Malaysia 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: Transmission Oils
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 3.91 %

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Market Overview

The Malaysia Passenger Vehicles Lubricants Market stood at 145.42 million liters in 2020 and is projected to register a CAGR of 3.91% to reach 183.05 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 - Transmission Oils : The expected recovery of passenger car sales and production in Malaysia from 2021 is likely to drive the demand for transmission oils in the country over the forecast period.

Scope of the Report

By Product Type
Engine Oils
Greases
Hydraulic Fluids
Transmission Oils

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Key Market Trends

Largest Segment By Product Type : Engine Oils

  • In Malaysia, passenger vehicle is the largest segment in terms of automotive lubricant consumption. During 2015-2019, the country recorded a CAGR of 6.12% in PV lubricant consumption, majorly driven by growth in vehicles on-road and PV production in the country.
  • In 2020, passenger vehicles accounted for 48.73% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in PV lubricant consumption, with a share of about 76.59% during the year. During 2020, PV lubricant consumption declined by nearly 10% due to the COVID-19 pandemic, which led to a dip in PV sales and extended service intervals.
  • In the next five years, the transmission oils segment is expected to be the fastest-growing segment with a CAGR of 5.09%. This growth is likely to be driven by a recovery in annual average distance traveled and increasing automatic car sales in the country.

Competitive Landscape

The Malaysia Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 83.40%. The major players in this market are BP Plc (Castrol), ExxonMobil Corporation, PETRONAS Lubricants International, Royal Dutch Shell Plc and TotalEnergies (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 BP Plc (Castrol)

        2. 5.3.2 Chevron Corporation

        3. 5.3.3 Emirates National Oil Company (ENOC)

        4. 5.3.4 ExxonMobil Corporation

        5. 5.3.5 Feoso Oil (Malaysia) SDN BHD

        6. 5.3.6 LIQUI MOLY

        7. 5.3.7 Petron Corporation

        8. 5.3.8 PETRONAS Lubricants International

        9. 5.3.9 Royal Dutch Shell Plc

        10. 5.3.10 TotalEnergies

    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, MALAYSIA, 2015 - 2026

      Figure 2:  

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

      Figure 3:  

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

      Figure 4:  

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

      Figure 5:  

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

      Figure 6:  

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

      Figure 7:  

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

      Figure 8:  

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

      Figure 9:  

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

      Figure 10:  

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

      Figure 11:  

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

      Figure 12:  

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

      Figure 13:  

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

      Figure 14:  

      MALAYSIA 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 Malaysia Passenger Vehicles Lubricants Market market is studied from 2015 - 2026.

    The Malaysia Passenger Vehicles Lubricants Market is growing at a CAGR of 3.91% over the next 5 years.

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

    Transmission Oils holds highest share in 2021.

    BP Plc (Castrol), ExxonMobil Corporation, PETRONAS Lubricants International, Royal Dutch Shell Plc, TotalEnergies are the major companies operating in Malaysia Passenger Vehicles Lubricants Market.