The entire lubricants oil market is possible to observe as a few distinct market segments. In Bangladesh, the segments are passenger car oil, motorcycle oil, truck and heavy-duty engine oil, gas engine oil, gear oils, and industrial oil, etc.
However, we may categorize these oil segments into two specific segments like automotive and industrial.
Few more oil categories like railway oil, marine oil, and aviation oil; though these are insignificant compared with other oil segments.
Like other segments, motorcycle oil market is eyeing significant growth because of the favourable that encourages motorcycle assembling, leading to the eventual manufacturing in our country.
The cabinet has already the go-ahead to a policy to facilitate the development of the motorcycle manufacturing industry to meet the domestic demand.