Canada Automotive Engine Oils Market Trends

Statistics for the 2023 & 2024 Canada Automotive Engine Oils market trends, created by Mordor Intelligence™ Industry Reports. Canada Automotive Engine Oils 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.

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Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Market Trends of Canada Automotive Engine Oils Industry

This section covers the major market trends shaping the Canada Automotive Engine Oils Market according to our research experts:

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

  • 0Ws and 5Ws were the most used engine oil grades for passenger vehicles in Canada. Similarly, 15Ws were the most used engine oil grades for commercial vehicles in Canada.
  • Most of the engine oils used in Canada meet the latest standards set by the International Lubricant Specification Advisory Committee (ILSAC) and the American Petroleum Institute (API). Although these synthetic grades have higher profit margins per gallon, they also support higher drain intervals. Hence, the higher penetration of synthetic engine oils significantly restrained the growth of this product type, in terms of volume, during 2015-2020.
  • Post the COVID-19 outbreak, the engine oil change requirements of vehicles further declined. The usage of the existing automotive fleet is gradually boosting the engine oil volume consumption, which is likely to recover at a rate of 2.19% during the forecast period.
Canada Automotive Engine Oils Market

Canada Automotive Engine Oil Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026