Market Size of Canada Passenger Vehicles Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 0.95 % |
| Market Concentration | High |
Canada Passenger Vehicles Lubricants Market Analysis
The Canada Passenger Vehicles Lubricants Market size is estimated at 166.95 Million Liters in 2024, and is expected to reach 170.13 Million Liters by 2026, growing at a CAGR of 0.95% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and short drain intervals. Also, it is used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Engine Oils : The growth in passenger vehicle sales in the country, post the economic recovery from the COVID-19 impact, is likely to drive the demand for hydraulic fluids during 2021-2026.
