In 2023, Shell Lubricants and Ducati Corse collaboratively launched a new motorcycle oil specifically designed for the latest Ducati Panigale V4 R motorcycle with a dry clutch.

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.

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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Key Findings in Southeast Asia Two Wheeler Engine Oil Market:

Southeast Asia Two Wheeler Engine Oil Market Key Players:

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

Market Segmentation Overview:

By Product Type

-Synthetic Oil

-Semi-Synthetic Oil

-Mineral Oil

Of them all, Synthetic oil held a significant market share due to its superior performance, environmental benefits, and cost-effectiveness. This type of oil has a longer lifespan than conventional oil. Along with this, synthetic oil makes the engine less prone to oxidation and is more stable than conventional oil. Therefore, the customers concerned about engine wear & tear tend to go for this type of oil. Further, due to the presence of additives and uniform molecular structure, it does not let tiny unwanted bits accumulate and create deposits, thereby ensuring the smooth functioning of the engine.

Further, at both low & high temperatures, synthetic oils enjoy better viscosity and stability than conventional oil or synthetic blends. These oils flow quickly in winter temperatures as well as resist extreme heat, allowing your engine to run smoothly year-round. Thus, customers who are concerned about the functioning of their vehicle's engine in the extreme temperature of the SEA region prefer synthetic oil, supporting market growth.

By Viscosity Grade

-10W-40

-20W-50

-15W-50

By Demand Type

-OEM

-Aftermarket

By Application

-Motorcycles

-Scooters

By Sales Channel

-Direct Sales

-Authorized Dealers

-Automotive Parts Stores

-Online Channel

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By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

The Southeast Asia Two Wheeler Engine Oil Industry 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.

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