Market Size of Canada Automotive Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 0.59 % |
| Market Concentration | High |
Canada Automotive Lubricants Market Analysis
The Canada Automotive Lubricants Market size is estimated at 450.69 Million Liters in 2024, and is expected to reach 455.98 Million Liters by 2026, growing at a CAGR of 0.59% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Commercial Vehicles : High vehicle population of Class 7-8 trucks with diesel engines that have high lubricant consumption capacities has resulted in the high market share of commercial vehicles
- Fastest Segment by Vehicle Type - Passenger Vehicles : As the social distancing measures are being slowly eased in the country the usage of Passenger Vehicles is likely to increase and thereby boost their lubricant consumption
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type owing to its high volume requirements and low drain interval, as it is used for high temperature and high-pressure applications.
- Fastest Segment by Product Type - Hydraulic Fluids : The expected recovery of automotive sales in the country and the increasing usage of the existing vehicle fleet may drive the demand for hydraulic fluids in the future.
