How big is the Canada Passenger Vehicles Lubricants Market?

The Canada Passenger Vehicles Lubricants Market size is expected to reach 166.95 million Liters in 2024 and grow at a CAGR of 0.95% to reach 170.13 million Liters by 2026. Read More

What is the current Canada Passenger Vehicles Lubricants Market size?

In 2024, the Canada Passenger Vehicles Lubricants Market size is expected to reach 166.95 million Liters. Read More

Who are the key players in Canada Passenger Vehicles Lubricants Market?

BP PLC (Castrol), ExxonMobil Corporation, HollyFrontier (Petro‑Canada lubricants), Royal Dutch Shell Plc and Valvoline Inc. are the major companies operating in the Canada Passenger Vehicles Lubricants Market. Read More

Which segment has the biggest share in the Canada Passenger Vehicles Lubricants Market?

In the Canada Passenger Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type. Read More

Which is the fastest growing segment in the Canada Passenger Vehicles Lubricants Market?

In 2024, the Transmission & Gear Oils segment accounts for the fastest growing by product type in the Canada Passenger Vehicles Lubricants Market. Read More

What years does this Canada Passenger Vehicles Lubricants Market cover, and what was the market size in 2023?

In 2023, the Canada Passenger Vehicles Lubricants Market size was estimated at 166.25 million Liters. The report covers the Canada Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

Canada Passenger Vehicles Lubricants Market Trends

Statistics for the 2023 & 2024 Canada Passenger Vehicles Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Canada Passenger Vehicles 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 Canada Passenger Vehicles Lubricants Industry

This section covers the major market trends shaping the Canada Passenger Vehicles Lubricants Market according to our research experts:

Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>

The passenger vehicle lubricant consumption in Canada increased during 2015-2018. However, the Y-o-Y growth rates during this period were fluctuating, owing to the changing passenger vehicle production outputs. The consumption dropped by around 2.17% during 2018-2019, caused by the increased penetration of synthetic lubricants with longer drain intervals. Additionally, there was an estimated decline of 2.54% in the average annual mileage of passenger vehicles in the country during this period.
Post the COVID-19 outbreak, there has been a major decline in the usage of personal vehicles for commuting. Moreover, maintenance activities of passenger vehicles have significantly declined.
With the lockdown measures being slowly eased, there has been a surge in the usage of personal vehicles, which may drive the recovery of passenger vehicle lubricant consumption.