Market Size of Canada Automotive Engine Oils Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 0.44 % |
| Market Concentration | High |
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Canada Automotive Engine Oil Market Analysis
The Canada Automotive Engine Oils Market size is estimated at 328.17 Million Liters in 2024, and is expected to reach 331.08 Million Liters by 2026, growing at a CAGR of 0.44% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Commercial Vehicles : The average engine oil capacity of heavy-duty trucks and buses was high, attributed to the highest consumption of engine oil from the commercial vehicle sector in Canada.
- Fastest Segment by Vehicle Type - Passenger Vehicles : As lockdown measures and social restrictions are slowly being eased in the country, the usage of passenger vehicles is likely to increase and boost engine oil consumption.
