Market Size of Europe 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) | 1.86 % |
| Market Concentration | High |
Europe Automotive Lubricants Market Analysis
The Europe Automotive Lubricants Market size is estimated at 3.20 Billion Liters in 2024, and is expected to reach 3.32 Billion Liters by 2026, growing at a CAGR of 1.86% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : The highest lubricant consumption from the passenger vehicles sector in Europe is attributed to the high annual travel rates and requirements for regular oil changes.
- Fastest Segment by Vehicle Type - Passenger Vehicles : The expected recovery in passenger vehicle sales and production in Europe from 2021 is likely to drive the demand for lubricants in the region during the forecast period.
- Largest Country Market - Russia : The highest lubricant consumption in Russia is attributed to the large population of commercial trucks with a high average age and a high dependency on mineral lubricants.
- Fastest Growing Country Market - Poland : The rise in the sales and production of used cars and trucks is expected to augment the growth of automotive lubricants in Poland faster than in other countries.
