Market Size of Global 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) | 3.13 % |
| Market Concentration | High |
Automotive Lubricants Market Analysis
The Global Automotive Lubricants Market size is estimated at 22.30 Billion Liters in 2024, and is expected to reach 23.72 Billion Liters by 2026, growing at a CAGR of 3.13% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : The large fleet size of passenger vehicles across the globe has resulted in this sector accounting for the highest lubricant consumption among all the different vehicle types.
- Fastest Segment by Vehicle Type - Motorcycles : The sales boost for motorcycles in several countries despite the COVID-19 pandemic is likely to continue and boost the lubricant consumption by the sector in the future.
- Largest Regional Market - Asia-Pacific : Asia-Pacific is home to countries with large vehicle fleets like China, India & Indonesia. As a result, lubricant consumption by this sector was highest in Asia-Pacific.
- Fastest Growing Regional Market - Asia-Pacific : The low penetration of synthetic lubricants and expected high growth rates of vehicle population in countries like India are likely to drive lubricant consumption in APAC.
