How big is the Brazil Automotive Lubricants Market?

The Brazil Automotive Lubricants Market size is expected to reach 0.96 billion Liters in 2024 and grow at a CAGR of 4.08% to reach 1.04 billion Liters by 2026. Read More

What is the current Brazil Automotive Lubricants Market size?

In 2024, the Brazil Automotive Lubricants Market size is expected to reach 0.96 billion Liters. Read More

Who are the key players in Brazil Automotive Lubricants Market?

ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, PETRONAS Lubricants International and Royal Dutch Shell Plc are the major companies operating in the Brazil Automotive Lubricants Market. Read More

Which segment has the biggest share in the Brazil Automotive Lubricants Market?

In the Brazil Automotive Lubricants Market, the Passenger Vehicles segment accounts for the largest share by vehicle type. Read More

Which is the fastest growing segment in the Brazil Automotive Lubricants Market?

In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the Brazil Automotive Lubricants Market. Read More

What years does this Brazil Automotive Lubricants Market cover, and what was the market size in 2023?

In 2023, the Brazil Automotive Lubricants Market size was estimated at 933.99 million Liters. The report covers the Brazil Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Automotive Lubricants Market size for years: 2024, 2025 and 2026. Read More

Brazil Automotive Lubricants Market Trends

Statistics for the 2023 & 2024 Brazil Automotive Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Brazil Automotive Lubricants trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Brazil Automotive Lubricants Industry

This section covers the major market trends shaping the Brazil Automotive Lubricants Market according to our research experts:

Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Passenger Vehicles</span>

In Brazil, passenger vehicles (PV) accounted for the largest share of 54.9% of the total number of on-road vehicles in 2020, followed by motorcycles (MC) and commercial vehicles (CV), with a share of 27.5% and 17.5%, respectively.
The PV segment accounted for the highest share of around 44.28% of the total automotive lubricant consumption in 2020, followed by CVs (43.29%) and MCs (12.43%), respectively. In 2020, the COVID-19 outbreak led to a notable dip in lubricant consumption, with PV lubricant consumption recording the highest dip of 9.62%, followed by MCs (8.1%) and CVs (5.6%).
The motorcycle segment is projected to be the fastest-growing lubricant consumer, exhibiting a CAGR of 5.53% over 2021-2026. The growth is expected to be driven by the growing demand for high-end sports bikes and imported used bikes.