Market Size of Mexico Automotive Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 1.99 % |
| Market Concentration | High |
Mexico Automotive Lubricants Market Analysis
The Mexico Automotive Lubricants Market size is estimated at 456.45 Million Liters in 2024, and is expected to reach 474.83 Million Liters by 2026, growing at a CAGR of 1.99% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : The highest proportion of passenger vehicles in the total vehicle population in Mexico is attributed to the highest lubricant consumption in the passenger vehicle segment.
- Fastest Segment by Vehicle Type - Motorcycles : The growing demand for off-road and premium motorcycles for recreational purposes post COVID-19 may boost the demand for motorcycle lubricants during the forecast period.
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and low drain interval, as it is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : The expected recovery of automotive sales in the country and the increasing usage of existing vehicle fleet may drive the demand for engine oils during the forecast period.
