How big is the Mexico Commercial Vehicles Lubricants Market?

The Mexico Commercial Vehicles Lubricants Market size is expected to reach 190.15 million Liters in 2024 and grow at a CAGR of 1.44% to reach 195.67 million Liters by 2026. Read More

What is the current Mexico Commercial Vehicles Lubricants Market size?

In 2024, the Mexico Commercial Vehicles Lubricants Market size is expected to reach 190.15 million Liters. Read More

Who are the key players in Mexico Commercial Vehicles Lubricants Market?

Bardahl, BP PLC (Castrol), ExxonMobil Corporation, Roshfrans and Royal Dutch Shell Plc are the major companies operating in the Mexico Commercial Vehicles Lubricants Market. Read More

Which segment has the biggest share in the Mexico Commercial Vehicles Lubricants Market?

In the Mexico Commercial 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 Mexico Commercial Vehicles Lubricants Market?

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

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

In 2023, the Mexico Commercial Vehicles Lubricants Market size was estimated at 184.54 million Liters. The report covers the Mexico Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

Mexico Commercial Vehicles Lubricants Market Trends

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

This section covers the major market trends shaping the Mexico Commercial 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, the commercial vehicle lubricant consumption in Mexico witnessed a gradual increase, followed by a period of decline.
The high average age of heavy-duty commercial trucks and significant usage of older lubricant specifications were the major factors driving the country's lubricant consumption levels. During 2015-2019, commercial vehicle production in Mexico witnessed uneven growth rates, thus, leading to a volatile trend in commercial lubricant consumption.
During 2019-2020, the consumption dropped suddenly, owing to decreased freight transportation post the COVID-19 outbreak. The sales of commercial vans and tractors in Mexico are likely to recover significantly during 2021, thereby supporting the commercial lubricant consumption with a CAGR of 2.27% during the forecast period.