Indonesia Commercial Vehicles Lubricants Market Size & Share
Market Research on Commercial Vehicle Lubricants in Indonesia
The market for lubricants for commercial vehicles in Indonesia was worth 115.75 million litres in 2021 and is anticipated to grow at a CAGR of 4.34% to 143.12 million litres by 2026.
Engine oils make up the largest product type segment thanks to their high volume requirements and short drain intervals. Applications involving high pressure and temperature use it.
Fastest Product Type Segment: Transmission and Gear Oils: The demand for transmission oils in this industry is estimated to increase rapidly in 2021 due to the anticipated rebound in commercial truck sales and production in Indonesia.
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