Singapore Passenger Vehicles Lubricants Market Analysis by Mordor Intelligence
The Singapore Passenger Vehicles Lubricants Market size is estimated at 6.81 million liters in 2025, and is expected to reach 8.68 million liters by 2030, at a CAGR of 4.96% during the forecast period (2025-2030).
- Largest Segment by Product Type - Engine Oils : Engine oils form the leading product type due to their high volume requirements and short drain intervals, as they are used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : Increasing electric vehicle (EV) sales and the adoption of automatic transmissions in the country are expected to enhance transmission oils' demand in the coming years.
Singapore Passenger Vehicles Lubricants Market Trends and Insights
Largest Segment By Product Type : Engine Oils
- In Singapore, passenger vehicle (PV) was the second-largest segment in terms of automotive lubricant consumption in 2020. During 2015-2019, the country recorded a 0.69% drop in PV lubricant consumption as the high ownership costs negatively affected the PV usage.
- In 2020, passenger vehicles accounted for about 49.16% of the total automotive lubricant consumption in the country. Engine oils accounted for the largest share of about 90% in PV lubricant consumption during the year. During 2020, PV lubricant consumption declined by 17.58% due to the less usage of the vehicle fleet post the COVID-19 outbreak.
- During 2021-2026, the transmission oils segment is expected to be the fastest-growing segment, with a CAGR of 3.70%. This growth is likely to be driven by a rise in sales of passenger cars and a recovery in average distance traveled in the country.
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Competitive Landscape
The Singapore Passenger Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 52.95%. The major players in this market are BP Plc (Castrol), Chevron Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).
Singapore Passenger Vehicles Lubricants Industry Leaders
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BP Plc (Castrol)
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Chevron Corporation
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ExxonMobil Corporation
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Royal Dutch Shell Plc
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TotalEnergies
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- May 2021: Suzuki Singapore partnered with Motul to unveil the all-new Suzuki Swift Sports Car with Motul's high-performance lubricants. Customers would receive a complimentary upgrade to Motul's engine oils for an entire year.
- 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.
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Singapore 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 Singapore Passenger Vehicles Lubricants Market?
The Singapore Passenger Vehicles Lubricants Market size is expected to reach 6.81 million Liters in 2025 and grow at a CAGR of 4.96% to reach 8.68 million Liters by 2030.
What is the current Singapore Passenger Vehicles Lubricants Market size?
In 2025, the Singapore Passenger Vehicles Lubricants Market size is expected to reach 6.81 million Liters.
Who are the key players in Singapore Passenger Vehicles Lubricants Market?
BP Plc (Castrol), Chevron Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Singapore Passenger Vehicles Lubricants Market.
What years does this Singapore Passenger Vehicles Lubricants Market cover, and what was the market size in 2024?
In 2024, the Singapore Passenger Vehicles Lubricants Market size was estimated at 6.47 million Liters. The report covers the Singapore Passenger Vehicles Lubricants Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Singapore Passenger Vehicles Lubricants Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Singapore Passenger Vehicles Lubricants Market Report
Statistics for the 2025 Singapore Passenger Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Singapore 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.
