How big is the Italy Automotive Engine Oils Market?

The Italy Automotive Engine Oils Market size is expected to reach 155.39 million Liters in 2024 and grow at a CAGR of 1.62% to reach 160.48 million Liters by 2026. Read More

What is the current Italy Automotive Engine Oils Market size?

In 2024, the Italy Automotive Engine Oils Market size is expected to reach 155.39 million Liters. Read More

Who are the key players in Italy Automotive Engine Oils Market?

BP PLC (Castrol), Eni SpA, PETRONAS Lubricants International, Q8Oils and Royal Dutch Shell Plc are the major companies operating in the Italy Automotive Engine Oils Market. Read More

Which segment has the biggest share in the Italy Automotive Engine Oils Market?

In the Italy Automotive Engine Oils Market, the Commercial Vehicles segment accounts for the largest share by vehicle type. Read More

Which is the fastest growing segment in the Italy Automotive Engine Oils Market?

In 2024, the Passenger Vehicles segment accounts for the fastest growing by vehicle type in the Italy Automotive Engine Oils Market. Read More

What years does this Italy Automotive Engine Oils Market cover, and what was the market size in 2023?

In 2023, the Italy Automotive Engine Oils Market size was estimated at 150.80 million Liters. The report covers the Italy Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Italy Automotive Engine Oils Market size for years: 2024, 2025 and 2026. Read More

Italy Automotive Engine Oils Market Trends

Statistics for the 2023 & 2024 Italy Automotive Engine Oils market trends, created by Mordor Intelligence™ Industry Reports. Italy Automotive Engine Oils trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Italy Automotive Engine Oils Industry

This section covers the major market trends shaping the Italy Automotive Engine Oils Market according to our research experts:

Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Commercial Vehicles</span>

In Italy, engine oils segment accounted for the major share of automotive lubricant demand of about 65.27% during 2020. However, the growth of engine oil consumption in Italy during the period was unstable due to the volatile trend in the annual mileage of passenger vehicles in Italy.
In 2020, the COVID-19 outbreak had resulted in a massive decline in the existing vehicle fleet activity, which subsequently delayed service intervals. As a result, engine oil consumption in the country decreased by around 14.05%.
Despite the expected recovery in sales and production in the automotive industry, the increasing penetration of electric vehicles is likely to have a marginally negative impact on engine oil consumption. Overall, engine oil consumption is expected to record a CAGR of 2.06% during 2021-2026.