Market Size of Germany 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) | 1.29 % |
Market Concentration | High |
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Germany Automotive Engine Oil Market Analysis
The Germany Automotive Engine Oils Market size is estimated at 276.40 Million Liters in 2024, and is expected to reach 283.58 Million Liters by 2026, growing at a CAGR of 1.29% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : In Germany, the highest share of passenger vehicle population, in turn, has attributed to the highest engine oil consumption level in the passenger vehicles sector.
- Fastest Segment by Vehicle Type - Motorcycles : The meteoric increase in the demand for mopeds and scooters in Germany post the COVID-19 outbreak is likely to drive the engine oil consumption in the motorcycles segment.