A new report claims the two-wheeler market is “overlooked”, but the research promises steady growth.
Asia's booming two wheeler market Image: Obscurepixels
The latest report from global analysts, Kline, outlines the significant opportunities for two-wheeler lubricants sales growth in Asia. Developing countries, such as India and Indonesia, where four-wheeled transportation is unaffordable to most, are expected to see the biggest increase in consumption,
China, which accounts for over 40% of global two-wheeler production, is suffering a slow-donw in lubricants sales due to rising affluence and curbs on city use. Nonetheless, according to the report, demand should remain strong into the near future. Overall, the Asia-Pacific region is the largest motor cycle oil (MCO) region, claiming 76% of the global total.
The top ten global lubes players, which include Castrol, Shell, Idemitsu, Pertamina, Chevron and Total, enjoy a 48% market share in the region, leaving room for growth for smaller players. Globally, the highest growing viscosity grades for motorcycles are 10W-30 and 10W-40 the reports states.