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Philippines Automotive Lubricants Market Size

Statistics for the 2023 & 2024 Philippines Automotive Lubricants market size, created by Mordor Intelligence™ Industry Reports. Philippines Automotive Lubricants size report includes a market forecast to 2026 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Philippines Automotive Lubricants Industry

Philippines Automotive 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) 3.43 %
Market Concentration High

Philippines Automotive Lubricants Market Analysis

The Philippines Automotive Lubricants Market size is estimated at 108.76 Million Liters in 2024, and is expected to reach 116.36 Million Liters by 2026, growing at a CAGR of 3.43% during the forecast period (2024-2026).

  • Largest Segment by Vehicle Type - Commercial Vehicles : The highest lubricant consumption in the country's commercial vehicle industry is attributable to the sector's high average lubricant requirements and travel distances.
  • Fastest Segment by Vehicle Type - Motorcycles : Motorcycle usage rates and sales in the Philippines are estimated to improve rapidly in 2021. As a result, motorcycles' lubricant consumption is likely to increase rapidly.
  • Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and shorter drain intervals, as it is used in high-temperature and high-pressure applications.
  • Fastest Segment by Product Type - Transmission & Gear Oils : In the Philippines, the demand for transmission oils may grow in the future due to the growing adoption of automatic transmissions in passenger and commercial vehicles.

Automotive Oil Philippines Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2026)