The demand for two-wheeler engine oils has witnessed a growth trajectory, driven by ongoing traffic congestion, rising fleet size of two-wheelers, and the need for high-performance engine oils. In 2023, the total registered two-wheelers of the region formed more than 25% market share in the global operational fleet. Therefore, the region is a hotspot for the two-wheeler engine oil suppliers. Moreover, the regional two-wheeler sales exceeded 15.8 million units in 2023, a year-on-year increase of around 2.87%.
MarkNtel Advisors Insights: Southeast Asia Two Wheeler Engine Oil market to Grow 4.9% from 2024-2030