Market Size of China 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) | 4.76 % |
| Market Concentration | High |
China Automotive Engine Oils Market Analysis
The China Automotive Engine Oils Market size is estimated at 3.59 Billion Liters in 2024, and is expected to reach 3.94 Billion Liters by 2026, growing at a CAGR of 4.76% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : Large active vehicle fleet, higher average travel rates, and growing sales of SUVs are the factors projected to drive engine oil's demand from the passenger vehicle sector.
- Fastest Segment by Vehicle Type - Passenger Vehicles : As China's social distancing restrictions are gradually lifted, the usage of passenger vehicles is increasing, resulting in higher engine oil consumption from the sector.
