Market Size of Europe 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) | 1.32 % |
| Market Concentration | High |
Europe Automotive Engine Oils Market Analysis
The Europe Automotive Engine Oils Market size is estimated at 2.25 Billion Liters in 2024, and is expected to reach 2.31 Billion Liters by 2026, growing at a CAGR of 1.32% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : The highest lubricant consumption from the passenger vehicles sector was due to the high annual travel rates and requirement of regular oil changes in vehicles in Europe.
- Fastest Segment by Vehicle Type - Passenger Vehicles : The expected recovery of the production and sales of passenger vehicles in Europe from 2021 is likely to boost their engine oil consumption during the forecast period.
- Largest Country Market - Russia : Compared to other European countries, Russia is the largest market for engine oils owing to the large population of old commercial trucks and passenger vehicles.
- Fastest Growing Country Market - Poland : The gradual recovery in average travel rates and rise in the sales of new passenger vehicles are expected to boost the demand for engine oils in Poland in the coming years.
