Japan Commercial Vehicles Lubricants Market Size & Share Analysis - Industry Research Report - Growth Trends
Market Analysis for Commercial Vehicle Lubricants in Japan
The market for lubricants for commercial vehicles in Japan was worth 248.90 million litres in 2021, and it is anticipated that it would grow at a CAGR of 1.64% to 269.95 million litres by 2026.
Engine oils make up the largest product type segment because of their high volume requirements, short drain intervals, and suitability for high-temperature and high-pressure applications.
Hydraulic Fluids: The fastest-growing segment by product type is anticipated to be driven by the anticipated rebound in commercial vehicle sales and manufacturing in Japan starting in 2021.
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