Market Size of Mexico Passenger Vehicles Lubricants Industry
| 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 |
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.
