Market Size of Philippines 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) | 3.47 % |
| Market Concentration | High |
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Philippines Automotive Engine Oil Market Analysis
The Philippines Automotive Engine Oils Market size is estimated at 83.62 Million Liters in 2024, and is expected to reach 89.53 Million Liters by 2026, growing at a CAGR of 3.47% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Commercial Vehicles : The average engine oil capacity of heavy-duty trucks and buses was high, resulting in the commercial vehicle sector consuming the most engine oil in the Philippines.
- Fastest Segment by Vehicle Type - Motorcycles : The anticipated rebound in motorcycle production and sales in the Philippines in 2021 is expected to boost motorcycle engine oil consumption over the forecast period.
