Growing trending Activities Fuel Demand in the Southeast Asia Two Wheeler Engine Oil Market Forecast 2030

Southeast Asia Two Wheeler Engine Oil Market Overview:

According to MarkNtel Advisors study the Southeast Asia Two Wheeler Engine Oil Market is estimated to grow at a CAGR of around 4.9% during the forecast period, i.e., 2024-30. The demand for two-wheeler engine oils has witnessed a growth trajectory, driven by ongoing traffic congestion, rising fleet size of two-wheelers, and the need for high-performance engine oils. In 2023, the total registered two-wheelers of the region formed more than 25% market share in the global operational fleet. Therefore, the region is a hotspot for the two-wheeler engine oil suppliers. Moreover, the regional two-wheeler sales exceeded 15.8 million units in 2023, a year-on-year increase of around 2.87%.

Key Findings of the Study: Southeast Asia Two Wheeler Engine Oil market

Rising Establishment of Two-Wheelers Manufacturing Unit to Boost Market Growth – Official Administrative Bodies of Southeast Asian nations are easing corporate taxes and laying policies to encourage foreign companies to set up their production plants in the region. Additionally, these countries have low-cost labor and have trade agreements with several developed and developing nations. As a result, top companies producing two-wheelers are setting up their manufacturing facility in the region. For instance, in late 2024, the company Hero MotoCorp announced to start assembly plant in Laguna City, the Philippines. These original equipment manufacturers require engine oil during the production of the two-wheelers. Thus, with the upcoming plans of the market players to set up the production plants of the two-wheelers, the demand for engine oils to provide adequate lubrication would continue to increase, supporting the market growth in the forthcoming years.

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Scope of the Southeast Asia Two Wheeler Engine Oil Market Report Segmentation

-By Product Type

Synthetic Oil- Market Size Forecast 2019-2030, Thousand Liters
Semi-Synthetic Oil- Market Size Forecast 2019-2030, Thousand Liters
Mineral Oil- Market Size Forecast 2019-2030, Thousand Liters

-By Viscosity Grade

10W-40- Market Size Forecast 2019-2030, Thousand Liters
20W-50- Market Size Forecast 2019-2030, Thousand Liters
15W-50- Market Size Forecast 2019-2030, Thousand Liters

-By Demand Type

OEM- Market Size Forecast 2019-2030, Thousand Liters
Aftermarket- Market Size Forecast 2019-2030, Thousand Liters

-By Application

Motorcycles- Market Size Forecast 2019-2030, Thousand Liters
Scooters- Market Size Forecast 2019-2030, Thousand Liters

-By Sales Channel

Direct Sales- Market Size Forecast 2019-2030, Thousand Liters
Authorized Dealers- Market Size Forecast 2019-2030, Thousand Liters
Automotive Parts Stores- Market Size Forecast 2019-2030, Thousand Liters
Online Channel- Market Size Forecast 2019-2030, Thousand Liters

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Geographical analysis:

-By Country

Indonesia
Thailand
Malaysia
Singapore
Philippines
Vietnam
Rest of Southeast Asia

Geographically, Indonesia holds a substantial market share due to several factors such as rising production sales of motorcycles two-wheelers and increasing consumer awareness regarding the maintenance of two-wheelers to avoid any road accidents. Indonesia has one of the world's largest populations and a considerable proportion of individuals rely on motorcycles as their primary means of transportation. Moreover, the country faces an issue of traffic congestion problem. As a result, the individuals prefer to use motorcycles mopeds rather than cars. The excessive utilization of bikes scooters reduces the engine oil levels, causing loss of power and reducing friction. Therefore, the owners ensure that their vehicles undergo regular maintenance after completing 3,000 miles or every six months, which positively contributes to market growth.

Southeast Asia Two Wheeler Engine Oil Recent Development:

2024: Shell Indonesia: Announced its plan to build its first grease manufacturing plant (GMP) in Indonesia. The plant is a new version of Shell’s existing Marunda Lubricants Oil Blending Plant (LOBP) in Bekasi, Indonesia.
2023: Motul: Launched two new products for Kawasaki motorbikes in Indonesia during the round of the World Superbike Championship.

Current Landscape of Southeast Asia Two Wheeler Engine Oil Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Southeast Asia Two Wheeler Engine Oil market. The research report profiles major players, including

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Castrol (BP p.l.c.)
Chevron Corporation (Caltex)
ExxonMobil
TotalEnergies
Shell
Idemitsu Kosan
Fuchs SE
PT Pertamina Lubricants
Petronas
Motul
Others

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