Market Size of Germany Automotive Lubricants Industry
Study Period | 2015 - 2026 |
Base Year For Estimation | 2020 |
Forecast Data Period | 2024 - 2026 |
Historical Data Period | 2015 - 2019 |
CAGR (2024 - 2026) | 1.45 % |
Market Concentration | High |
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Germany Automotive Lubricants Market Analysis
The Germany Automotive Lubricants Market size is estimated at 414.96 Million Liters in 2024, and is expected to reach 427.09 Million Liters by 2026, growing at a CAGR of 1.45% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : The passenger cars segment has the highest requirement for vehicle servicing in Germany. It holds the highest share of engine oil consumption in the passenger vehicles sector.
- Fastest Segment by Vehicle Type - Motorcycles : In Germany, the growing demand for motorcycles and mopeds post the COVID-19 outbreak is likely to boost the demand for motorcycle lubricants during the forecast period.
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type, owing to its high volume requirements and low drain intervals. It is used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : The expected recovery in vehicle production and the growing demand for automatic transmission are likely to drive the demand for transmission oils during 2021-2026.