Singapore Automotive Engine Oils Market Analysis
The Singapore Automotive Engine Oils Market size is estimated at 12.57 million liters in 2025, and is expected to reach 15.40 million liters by 2030, at a CAGR of 4.14% during the forecast period (2025-2030).
- 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 Trends
Largest Segment By Vehicle Type : Passenger Vehicles
- In Singapore, engine oils accounted for about 88.51% of automotive lubricants in 2020. During 2015-2019, engine oil consumption in the country recorded a 4.52% drop. The increasing maintenance costs of vehicles are hindering their usage and their engine oil consumption in the country.
- In 2020, the COVID-19 outbreak led to a massive decline in the usage rate of the existing vehicle fleets in the country, which led to a 17.38% dip in engine oil consumption. The passenger vehicle (PV) segment recorded the largest decline of 17.56% in engine oil consumption during 2020.
- Between 2021-2026, the motorcycles segment is expected to register the highest growth of about 4.67% in engine oil consumption, followed by the PV segment (2.58%). The growth is likely to be driven by strong demand for mopeds and motorcycles in the country over the next five years.
Singapore Automotive Engine Oils Industry Overview
The Singapore Automotive Engine Oils Market is moderately consolidated, with the top five companies occupying 48.61%. The major players in this market are BP Plc (Castrol), Chevron Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).
Singapore Automotive Engine Oils Market Leaders
BP Plc (Castrol)
Chevron Corporation
ExxonMobil Corporation
Royal Dutch Shell Plc
TotalEnergies
- *Disclaimer: Major Players sorted in no particular order
Singapore Automotive Engine Oils Market News
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- September 2021: ExxonMobil Asia Pacific Pte Ltd established the MobilSM Fleet Care (MFC) program for its lubricant clients, which provides fleet owners and operators with a holistic picture of their fleet's operating performance.
- 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.
