Vietnam Automotive Lubricants Market Size & Share Analysis

 Market Research on Automotive Lubricants in Vietnam

The market for automotive lubricants in Vietnam, which had a volume of 213.80 million litres in 2021, is anticipated to grow at a CAGR of 4.48% to 266.13 million litres by 2026.


Motorcycles are the largest segment by vehicle type, accounting for the majority of automotive oil consumption due to the high volume of two-wheelers on the road and the rising yearly mileage.

Motorcycles are the fastest segment by vehicle type: Due to the country's economic growth, it is anticipated that motorcycle activity and sales in Vietnam will rapidly improve in 2021, bolstering the demand for lubricants.

Engine oils make up the largest segment by product type. Because they are utilised in high-temperature and high-pressure applications, they have high volume needs and short drain intervals.
Transmission and gear oils are the fastest-growing product category in Vietnam throughout the projected period because of the rising use of automatic transmissions and the rise in maintenance requirements.

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