Market Trends of Germany Automotive Lubricants Industry
This section covers the major market trends shaping the Germany Automotive Lubricants Market according to our research experts:
Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Passenger Vehicles</span>
- Among all vehicle types, passenger vehicles accounted for about 82.04% of the total number of on-road vehicles in 2020, thus generating the highest demand for lubricants in Germany. In 2020, passenger vehicles accounted for 71.69% of the total lubricant volume consumption.
- Contrary to other vehicle types, the motorcycles segment recorded an increase of 33% in sales, even after the COVID-19 outbreak in 2020. A major surge in demand for scooters and mopeds was witnessed due to the heavy discounts on stage IV emission models since stage V emission level regulations were due in 2021.
- During the forecast period, motorcycles are likely to be the fastest-growing vehicle segment in terms of lubricant consumption, with a CAGR of about 4.26%. The increase in sales of scooters and mopeds is anticipated to support growth in motorcycle lubricant consumption levels during the forecast period.
Understand The Key Trends Shaping This Market
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