Market Size of Norway 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) | -0.67 % |
Market Concentration | High |
Norway Automotive Engine Oils Market Analysis
The Norway Automotive Engine Oils Market size is estimated at 14.20 Million Liters in 2024, and is expected decline to 14.01 Million Liters by 2026.
- Largest Segment by Vehicle Type - Commercial Vehicles : The highest engine oil demand from the commercial vehicles sector in Norway is attributed to the high average volume of engine oil changes and cycles for commercial vehicles.
- Fastest Segment by Vehicle Type - Commercial Vehicles : The expected recovery of production and sales of commercial vehicles in Norway from 2021 is likely to boost the engine oil consumption during the forecast period.