Market Size of Philippines Automotive Lubricants Industry
| 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 |
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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.
