Mexico Passenger Vehicles Lubricants Market Size

Statistics for the 2023 & 2024 Mexico Passenger Vehicles Lubricants market size, created by Mordor Intelligence™ Industry Reports. Mexico Passenger Vehicles Lubricants size report includes a market forecast to 202 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Mexico Passenger Vehicles Lubricants Industry

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Mexico Passenger Vehicles Lubricants Market Summary
Study Period 2015 - 2026
Base Year For Estimation 2020
Forecast Data Period 2024 - 2026
Historical Data Period 2015 - 2019
CAGR (2024 - 2026) 2.38 %
Market Concentration High

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Mexico Passenger Vehicles Lubricants Market Analysis

The Mexico Passenger Vehicles Lubricants Market size is estimated at 261.64 Million Liters in 2024, and is expected to reach 274.24 Million Liters by 2026, growing at a CAGR of 2.38% during the forecast period (2024-2026).

  • Largest Segment by Product Type - Engine Oils : Engine oils form the leading product type, owing to their high volume requirements and low drain interval. They are used for high-temperature and high-pressure applications.
  • Fastest Segment by Product Type - Transmission & Gear Oils : An increase in the usage, sales, and maintenance requirements of passenger vehicles in the country may drive the demand for transmission oils during the forecast period.

Mexico Passenger Vehicles Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026