Indonesia Commercial Vehicles Lubricants Market Analysis
The Indonesia Commercial Vehicles Lubricants Market size is estimated at 138.29 million liters in 2025, and is expected to reach 164.24 million liters by 2030, at a CAGR of 3.5% during the forecast period (2025-2030).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and low drain intervals. It is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : The expected recovery of commercial truck sales and the production in Indonesia in 2021 are likely to drive the demand for transmission oils in this sector at a high rate.
Indonesia Commercial Vehicles Lubricants Market Trends
Largest Segment By Product Type : Engine Oils
- In Indonesia, commercial vehicles (CVs) formed the third-largest segment and accounted for about 21.6% of lubricant consumption. During 2015-2019, lubricant consumption recorded a CAGR of 3.45% in the CV segment, majorly driven by the growing on-road CV population and the average distance traveled per year.
- In 2020, lubricant consumption of commercial vehicles declined by 12.96% as COVID-19 affected sales. Engine oil accounted for a 62.79% share in CV lubricant consumption, in 2020. A major decline of 13.64% was observed in the consumption of greases in the CV segment during the year, over 2019.
- Over the forecast period, the transmission oils segment is likely to grow rapidly, with a CAGR of 6.1%. The recovery in the production and sales of new commercial vehicles is likely to drive the consumption of transmission oils over the forecast period.
Indonesia Commercial Vehicles Lubricants Industry Overview
The Indonesia Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 87.74%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, PT Pertamina, PT Wiraswasta Gemilang Indonesia (Evalube) and Royal Dutch Shell Plc (sorted alphabetically).
Indonesia Commercial Vehicles Lubricants Market Leaders
BP PLC (Castrol)
ExxonMobil Corporation
PT Pertamina
PT Wiraswasta Gemilang Indonesia (Evalube)
Royal Dutch Shell Plc
- *Disclaimer: Major Players sorted in no particular order
Indonesia Commercial Vehicles Lubricants 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.
- October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.
- 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.
