Market Size of India 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) | 5.48 % |
| Market Concentration | High |
India Automotive Engine Oils Market Analysis
The India Automotive Engine Oils Market size is estimated at 1.42 Billion Liters in 2024, and is expected to reach 1.58 Billion Liters by 2026, growing at a CAGR of 5.48% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Motorcycles : Increasing servicing frequencies and high motorcycle population and usage rates in India are the primary reasons for the motorcycle segment's high engine oil consumption.
- Fastest Segment by Vehicle Type - Motorcycles : The anticipated robust rebound in motorcycle production and the sales in India in 2021 are expected to boost motorcycle engine oil consumption over the forecast period.
