France Automotive Engine Oils Market Trends

Statistics for the 2023 & 2024 France Automotive Engine Oils market trends, created by Mordor Intelligence™ Industry Reports. France Automotive Engine Oils trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Single User License

$4750

Team License

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Corporate License

$8750

Book before:

Market Trends of France Automotive Engine Oils Industry

This section covers the major market trends shaping the France Automotive Engine Oils Market according to our research experts:

Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Commercial Vehicles</span>

  • After steady growth during 2015-2017, France's automotive engine oil consumption has been consistently decreasing since 2018. Due to the country's strict emission standards, the declining diesel-based passenger fleet has been the major factor dictating this trend.
  • In 2020, the COVID-19 outbreak resulted in a major decline in the usage of the existing vehicle fleet of the country, in turn causing 17.61% decline in engine oil consumption compared to 2019.
  • Despite the expected recovery in sales and production of passenger vehicles, an increase in the penetration of electric vehicles is likely to have a negative impact on engine oil consumption. Additionally, the persisting COVID-19 crisis is expected to hinder the growth of engine oil consumption in the country for a brief period. Hence, engine oil consumption is anticipated to record a CAGR of 1.99% during 2021-2026.
France Automotive Engine Oils Market

France Automotive Engine Oil Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026