Market Trends of Germany Automotive Engine Oils Industry
This section covers the major market trends shaping the Germany Automotive Engine Oils Market according to our research experts:
Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Passenger Vehicles</span>
- Engine oils are the most used automotive lubricants in the country. In 2021, they accounted for about 68.2% of the automotive lubricant consumption. High engine oil consumption by domestic car brands, like Volkswagen, BMW, and Audi, makes Germany one of the major engine oil consumers in Europe. However, during 2015-2020, automotive engine oil consumption in Germany dropped by a CAGR of about 0.8% due to the decline in average drain intervals and production output.
- In 2020, the COVID-19 outbreak resulted in a huge decline in the usage of Germany’s existing vehicle fleet. Thus, engine oil consumption in the country decreased by around 3.3%.
- Despite the expected recovery in sales and production in the automotive industry, an increase in the penetration of electric vehicles is likely to have a negative impact on engine oil consumption over the next five years.
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