How big is the China Automotive Engine Oils Market?

The China Automotive Engine Oils Market size is expected to reach 3.59 billion Liters in 2024 and grow at a CAGR of 4.76% to reach 3.94 billion Liters by 2026. Read More

What is the current China Automotive Engine Oils Market size?

In 2024, the China Automotive Engine Oils Market size is expected to reach 3.59 billion Liters. Read More

Who are the key players in China Automotive Engine Oils Market?

BP PLC (Castrol), China National Petroleum Corporation, China Petroleum & Chemical Corporation, ExxonMobil Corporation and Royal Dutch Shell Plc are the major companies operating in the China Automotive Engine Oils Market. Read More

Which segment has the biggest share in the China Automotive Engine Oils Market?

In the China Automotive Engine Oils Market, the Passenger Vehicles segment accounts for the largest share by vehicle type. Read More

Which is the fastest growing segment in the China Automotive Engine Oils Market?

In 2024, the Passenger Vehicles segment accounts for the fastest growing by vehicle type in the China Automotive Engine Oils Market. Read More

What years does this China Automotive Engine Oils Market cover, and what was the market size in 2023?

In 2023, the China Automotive Engine Oils Market size was estimated at 3.42 billion Liters. The report covers the China Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Automotive Engine Oils Market size for years: 2024, 2025 and 2026. Read More

China Automotive Engine Oils Market Trends

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

Market Trends of China Automotive Engine Oils Industry

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

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

In China, engine oils account for the major share of automotive lubricants. During 2015-2019, engine oil consumption in China recorded a CAGR of over 5%. The rise in vehicle population and sales have been the major factors driving automotive engine oil consumption in the country.
In 2020, the COVID-19 outbreak resulted in a massive decline in the usage rate of the existing vehicle fleets in the country, which led to only a 2% growth in engine oil consumption. Also, the country has been registering a Y-o-Y dip in engine oil consumption with rising electric vehicles share on the back of government incentives.
Over the forecast period, the passenger vehicle segment is expected to register the highest CAGR of about 5.45% in engine oil consumption, followed by commercial vehicles (4.87%) and motorcycles (1.77%), respectively.