Market Trends of France Automotive Lubricants Industry
This section covers the major market trends shaping the France Automotive Lubricants Market according to our research experts:
Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Commercial Vehicles</span>
- In France, passenger vehicles accounted for a 75.18% share of the total on-road vehicles during 2020, followed by commercial vehicles and motorcycles with 15.96% and 8.86% shares, respectively.
- However, in 2020, the commercial vehicles segment accounted for the highest share of 57% in lubricant consumption. The decline in engine oil consumption due to the increased mass phasing out of diesel-based passenger vehicles, owing to strict emission standards introduced in the country, has led to the dominance of the commercial vehicles segment in the domestic lubricants market.
- The motorcycles segment is expected to record the highest CAGR of 3.89% in lubricant consumption over the forecast period. This growth is expected to be driven by the increase in the sales of motorbikes and the anticipated rise in the average distance traveled per year by motorcycles.
Understand The Key Trends Shaping This Market
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