Malaysia Commercial Vehicles Lubricants Market Analysis
The Malaysia Commercial Vehicles Lubricants Market size is estimated at 100.11 million liters in 2025, and is expected to reach 110.04 million liters by 2030, at a CAGR of 1.91% 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 shorter drain intervals as it is used for high-temperature and high-pressure applications
- Fastest Segment by Product Type - Transmission & Gear Oils : The expected recovery in commercial vehicle sales and production in Malaysia from 2021 is likely to drive the demand for transmission oils during the forecast period.
Malaysia Commercial Vehicles Lubricants Market Trends
Largest Segment By Product Type : Engine Oils
- In Malaysia, commercial vehicles (CVs) formed the second largest segment and accounted for about 29% of lubricant consumption. During 2015-2019, lubricant consumption recorded a CAGR of 4.92% in the CV segment. CV lubricant consumption was majorly driven by a rise in on-road CV population in the country during this period.
- In 2020, commercial vehicle lubricant consumption declined by 10.51% as the COVID-19 pandemic affected sales. Engine oil accounts for a 77.2% share in CV lubricant consumption, followed by transmission oils (12.5%). A major dip of 11.32% was observed in engine oil consumption in the CV segment during the year.
- During 2021-2026, transmission oil is likely to be the fastest-growing segment with a CAGR of 4.13%. The increasing share of automatic commercial vehicles in the country is expected to boost the consumption of transmission oils over the next five years.
Malaysia Commercial Vehicles Lubricants Industry Overview
The Malaysia Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 84.61%. The major players in this market are BP Plc (Castrol), Chevron Corporation, PETRONAS Lubricants International, Royal Dutch Shell Plc and Valvoline Inc. (sorted alphabetically).
Malaysia Commercial Vehicles Lubricants Market Leaders
BP Plc (Castrol)
Chevron Corporation
PETRONAS Lubricants International
Royal Dutch Shell Plc
Valvoline Inc.
- *Disclaimer: Major Players sorted in no particular order
Malaysia 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.
- 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.
