Market Trends of Poland Automotive Engine Oils Industry
This section covers the major market trends shaping the Poland Automotive Engine Oils Market according to our research experts:
Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Passenger Vehicles</span>
- In Poland, automotive engine oil consumption rose at a CAGR of 4.33% during 2015-2019, owing to the growing population of passenger and commercial vehicles. However, their growth rate has been decreasing since 2016 due to emerging engine technologies and declining average volumes of engine oils used in motor vehicles.
- The demand for engine oils was directly affected by the economic and social disruptions caused by the pandemic. In 2020, the consumption of engine oils dropped drastically by 13.84% due to a decrease in transportation and automotive maintenance activities in the country.
- The consumption of engine oils is expected to increase at a CAGR of 3.21% during 2021-2026. The implementation of a tight scrappage policy in the country is one of the driving factors that can increase vehicle population and increase the consumption of engine oils.
Understand The Key Trends Shaping This Market
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