Singapore Automotive Engine Oils Market Size

Statistics for the 2023 & 2024 Singapore Automotive Engine Oils market size, created by Mordor Intelligence™ Industry Reports. Singapore Automotive Engine Oils size report includes a market forecast to 202 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Singapore Automotive Engine Oils Industry

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Study Period 2015 - 2026
Base Year For Estimation 2020
Market Volume (2024) 12.07 Million Liters
Market Volume (2026) 13.09 Million Liters
CAGR (2024 - 2026) 4.14 %
Market Concentration High
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Singapore Automotive Engine Oils Market Analysis

The Singapore Automotive Engine Oils Market size is estimated at 12.07 Million Liters in 2024, and is expected to reach 13.09 Million Liters by 2026, growing at a CAGR of 4.14% during the forecast period (2024-2026).

  • Largest Segment by Vehicle Type - Passenger Vehicles : High usage rates of passenger vehicles and the frequency of service needs have led to the segment being the largest among all vehicle types, in terms of lubricant demand.
  • Fastest Segment by Vehicle Type - Motorcycles : The anticipated robust rebound in motorcycle usage and sales in Singapore, starting in 2021, is expected to boost motorcycle engine oil consumption over the forecast period.

Singapore Automotive Engine Oils Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026