Market Size of Colombia Automotive Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 4.90 % |
| Market Concentration | High |
Colombia Automotive Lubricants Market Analysis
The Colombia Automotive Lubricants Market size is estimated at 137.65 Million Liters in 2024, and is expected to reach 151.47 Million Liters by 2026, growing at a CAGR of 4.90% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Commercial Vehicles : Columbia's commercial vehicle segment has the highest significant lubricant consumption due to its high average lubricant volumes and the presence of older trucks.
- Fastest Segment by Vehicle Type - Motorcycles : Increasing production and sales, as well as a revival in travel rates in Colombia, are expected to drive motorcycle lubricant sales at a healthy rate in the future.
- Largest Segment by Product Type - Engine Oils : Engine oil is the most popular product type used in Colombian vehicles as it is consumed in large quantities and replaced more frequently than other product categories.
- Fastest Segment by Product Type - Transmission & Gear Oils : Transmission oil consumption is expected to expand faster than other product types in Colombia due to the growing penetration of automatic cars and electric vehicles.
