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India Passenger Vehicles Lubricants Market Size

Statistics for the 2023 & 2024 India Passenger Vehicles Lubricants market size, created by Mordor Intelligence™ Industry Reports. India Passenger 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 Passenger Vehicles Lubricants Industry

India Passenger 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) 6.14 %
Market Concentration High

India Passenger Vehicles Lubricants Market Analysis

The India Passenger Vehicles Lubricants Market size is estimated at 556.47 Million Liters in 2024, and is expected to reach 626.94 Million Liters by 2026, growing at a CAGR of 6.14% during the forecast period (2024-2026).

  • Largest Segment by Product Type - Engine Oils : Engine oils form the leading product type due to their high volume requirements and shorter drain intervals. They are used in high-temperature and high-pressure applications.
  • Fastest Segment by Product Type - Transmission & Gear Oils : The projected adoption growth of electric vehicle (EV) sales and automatic cars in India may enhance the demand for transmission oils demand during the forecast period.

India Passenger Vehicles Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026