How big is the Italy Passenger Vehicles Lubricants Market?

The Italy Passenger Vehicles Lubricants Market size is expected to reach 113.70 million Liters in 2024 and grow at a CAGR of 3.46% to reach 121.70 million Liters by 2026. Read More

What is the current Italy Passenger Vehicles Lubricants Market size?

In 2024, the Italy Passenger Vehicles Lubricants Market size is expected to reach 113.70 million Liters. Read More

Who are the key players in Italy Passenger Vehicles Lubricants Market?

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

Which segment has the biggest share in the Italy Passenger Vehicles Lubricants Market?

In the Italy Passenger Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type. Read More

Which is the fastest growing segment in the Italy Passenger Vehicles Lubricants Market?

In 2024, the Transmission & Gear Oils segment accounts for the fastest growing by product type in the Italy Passenger Vehicles Lubricants Market. Read More

What years does this Italy Passenger Vehicles Lubricants Market cover, and what was the market size in 2023?

In 2023, the Italy Passenger Vehicles Lubricants Market size was estimated at 108.66 million Liters. The report covers the Italy Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Italy Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

Italy Passenger Vehicles Lubricants Market Trends

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

This section covers the major market trends shaping the Italy Passenger Vehicles Lubricants Market according to our research experts:

Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>

During 2015-2019, lubricant consumption volume in passenger vehicles in Italy experienced volatile growth rates. Although passenger vehicle population during this period witnessed a consistent increase, the production output was unstable, which in turn caused fluctuations in the demand for lubricants.
In 2020, post the COVID-19 outbreak, the usage of passenger cars in the country significantly dropped, subsequently affecting the service and lubricant change requirements for a considerable period. As a result, lubricant consumption dropped by around 19.08% compared to 2019.
Though passenger vehicle sales in the country have been showing healthy recovery from the end of 2020, production uncertainties and resurgence of COVID-19-related concerns are estimated to impact lubricant demand in 2021. This demand is projected to bounce back from 2022.