Market Size of Europe 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) | 2.19 % |
| Market Concentration | High |
Europe Passenger Vehicles Lubricants Market Analysis
The Europe Passenger Vehicles Lubricants Market size is estimated at 1.81 Billion Liters in 2024, and is expected to reach 1.89 Billion Liters by 2026, growing at a CAGR of 2.19% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its shorter drain interval than other product types and application needs in high-temperature and pressure conditions.
- Fastest Segment by Product Type - Transmission & Gear Oils : Post 2020, the increase in the usage, production, and sales of passenger vehicles in the country is expected to drive the transmission oil demand during the forecast period.
- Largest Country Market - Germany : Germany holds the largest share in the passenger vehicle lubricants market in Europe, owing to the large number of active cars and huge production capacities in the country.
- Fastest Growing Country Market - Russia : The sales recovery of new vehicles and the increasing demand for imported vehicles are projected to drive the Russian passenger vehicle lubricants market in the coming years.
