Market Size of China 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) | 5.53 % |
| Market Concentration | High |
China Passenger Vehicles Lubricants Market Analysis
The China Passenger Vehicles Lubricants Market size is estimated at 3.08 Billion Liters in 2024, and is expected to reach 3.43 Billion Liters by 2026, growing at a CAGR of 5.53% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oils form the leading product type due to their high volume requirements and short drain intervals, as they are used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : Increasing electric vehicle (EV) sales and the use of automatic transmissions in the country are expected to enhance transmission oils' demand throughout the forecast period.
