Japan Automotive Lubricants Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Greases, Transmission & Gear Oil, Engine Oils, and Hydraulic Fluids), By Vehicle Type (Motorcycles, Commercial Vehicles, and Passenger Vehicles), and Japan Automotive Lubricants Market Insights, Industry Trend, Forecasts to 2033.

Japan Automotive Lubricants Market Insights Forecasts to 2033

• The Japan Automotive Lubricants Market Size was estimated at USD 524.15 Million in 2023.
• The Market Size is Growing at a CAGR of 1.92% from 2023 to 2033
• The Japan Automotive Lubricants Market Size is Expected to Reach USD 634.20 Million by 2033

The Japan Automotive Lubricants Market Size is Expected to Reach USD 634.20 million by 2033, growing at a CAGR of 1.92% from 2023 to 2033

Market Overview

The market that produces, distributes, and sells lubricants made especially for automobile uses is referred to as the Japan automobile lubricants market. These lubricants are crucial for improving efficiency, guaranteeing smooth operation, and lowering friction between moving parts in automobiles. The rise in automobile manufacturing is a major factor because the demand for lubricants rises in tandem with the number of vehicles on the road. Additionally, the Japanese automotive lubricants market is anticipated to be driven during the forecast period by the continuous digitization and integration of IoT (Internet of Things) technology in vehicles that can anticipate maintenance procedures, ensuring regular lubrication. Furthermore, the market is driving growth is the rising popularity of electric vehicles, which has caused attention to turn to specialty lubricants for electrically powered engines and components. Also, the Japanese government initiatives aid in the market expansion, for instance, the policy and development of electric vehicles.

Report Coverage

This research report categorizes the market for the Japan automotive lubricants market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France insurance market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan automotive lubricants market.

Driving Factors

The Japan automotive lubricants industry is driven by several factors that work together to influence its growth trajectory. Additionally, advanced lubricating technologies are being adopted more frequently as a result of efforts to increase fuel efficiency and lower pollutants. In addition, rapid urbanization and the growth of emerging economies are increasing ownership of vehicles, which is driving up demand for lubricants. Furthermore, the maintenance culture of car owners, requiring frequent lubrication and oil changes, keeps the automotive industry growing.

Restraining Factors

Japan automotive lubricants market faces significant constraints because the manufacturing and composition of automobile lubricants may be impacted by strict environmental laws intended to lower emissions and advance sustainability. Research and development expenditures may be necessary for manufacturers to produce environmentally friendly lubricants, which could raise prices.

Market Segmentation

The Japan automotive lubricants market share is classified into the product type and vehicle type.

• The engine oils segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the product type, the Japan automotive lubricants market is divided into greases, transmission & gear oil, engine oils, and hydraulic fluids. Among these, the engine oils segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. This segment is growing because engine oil is utilized in high-temperature and high-pressure applications, it has a large volume requirement and short drain intervals, making it the most popular product type.

• The passenger vehicles segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the vehicle type, the Japan automotive lubricants market is divided into motorcycles, commercial vehicles, and passenger vehicles. Among these, the passenger vehicles segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. This is mostly because Japan has a lot of active passenger cars, which raises the amount of lubricant used in this industry.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan automotive lubricants market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Cosmo Energy Holdings Co. Ltd
• Royal Dutch Shell Plc
• ENEOS Corporation
• ExxonMobil Corporation
• Idemitsu Kosan Co. Ltd
• AKT Japan Co. Ltd
• Castrol Limited (BP p.l.c.)
• Japan Sun Oil Company Ltd
• Motul
• Shell Lubricants Japan KK (Shell plc)
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In August 2024, "IDEMITSU IFG Plantech Racing," the world's first API SP-certified engine oil made with more than 80% plant-based ingredients, was introduced by Japanese lubricant maker Idemitsu Kosan Co., Ltd., marking a significant advance.

Market Segment

• This study forecasts revenue at Japan, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Japan automotive lubricants market based on the below-mentioned segments

Japan Automotive Lubricants Market, By Product Type

• Greases
• Transmission & Gear Oil
• Engine Oils
• Hydraulic Fluids

Japan Automotive Lubricants Market, By Vehicle Type

• Motorcycles
• Commercial Vehicles
• Passenger Vehicles