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India Commercial Vehicles Lubricants Market Size

Statistics for the 2023 & 2024 India Commercial Vehicles Lubricants market size, created by Mordor Intelligence™ Industry Reports. India Commercial Vehicles Lubricants size report includes a market forecast to 202 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of India Commercial Vehicles Lubricants Industry

India Commercial Vehicles Lubricants Market Summary
Study Period 2015 - 2026
Base Year For Estimation 2020
Forecast Data Period 2024 - 2026
Historical Data Period 2015 - 2019
CAGR (2024 - 2026) 5.25 %
Market Concentration High

India Commercial Vehicle Lubricants Market Analysis

The India Commercial Vehicles Lubricants Market size is estimated at 607.21 Million Liters in 2024, and is expected to reach 672.64 Million Liters by 2026, growing at a CAGR of 5.25% during the forecast period (2024-2026).

  • Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and low drain intervals. It is used for high-temperature and high-pressure applications.
  • Fastest Segment by Product Type - Transmission & Gear Oils : During the forecast period, the demand for hydraulic fluids is expected to be driven by the growth in commercial vehicle sales and increased freight transportation operations.

India Commercial Vehicle Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026