Market Size of Mexico 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) | 1.46 % |
| Market Concentration | High |
Mexico Automotive Engine Oils Market Analysis
The Mexico Automotive Engine Oils Market size is estimated at 314.65 Million Liters in 2024, and is expected to reach 323.90 Million Liters by 2026, growing at a CAGR of 1.46% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : The highest proportion of passenger vehicle population and their service requirements in Mexico is attributed to the highest engine oil consumption in the sector.
- Fastest Segment by Vehicle Type - Motorcycles : The meteoric rise in the sales of street and off-road motorcycles in Mexico after the COVID-19 outbreak may drive engine oil consumption in the motorcycles segment.
