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MCO Market Overview Lubricants used in two wheelers, including motorcycles, scooters, and mopeds, are known as motorcycle oils (MCOs). MCOs include engine oils, suspension oils, fork oils, gear oils, chain oils, and greases. Global MCO demand is estimated at 1,400-1,500 kilotonnes in 2018. A significant share of the market is concentrated in one region, Asia-Pacific. Engine oil accounts for the lion’s share of the MCO market, because other lubricants such as fork oil and suspension oil are used mainly as factory fill and are seldom replaced in a two wheeler. Global Demand for MCO by Region, 2018

Europe x% North America x% Asia-Pacific x% South America x%

Rest of the World x%

Total: 1,400-1,500 kilotonnes As most of the two-wheeler lubricants market is concentrated in the developing markets where customers are price-sensitive, conventional engine oils occupy about three-fourths of the total market. Europe has the highest penetration of synthetic products in terms of percentage, while Asia-Pacific is the largest consumer of synthetic lubricants in absolute volume. The MCO market in the key countries (Brazil, China, Colombia, Germany, India, Indonesia, Italy, Malaysia, Mexico, the Philippines, Thailand, Spain, the United States, and Vietnam) is highly fragmented, with the top five players accounting for about one-third of the market. BP and Shell are the market leaders in the MCO market of these countries. These two suppliers have strong market positioning in Asia-Pacific, the largest MCO market. BP is also among the top three suppliers in Italy, Germany, Spain, and the United States.

“BP and Shell have strong market positioning in Asia-Pacific, the largest MCO market”

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