Market Trends of Poland Passenger Vehicles Lubricants Industry
This section covers the major market trends shaping the Poland Passenger Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>
- The volume share of the passenger vehicles (PV) segment in the automotive lubricant demand increased from 60.8% in 2015 to 61.3% in 2019. The consumption of passenger vehicle lubricants increased at a CAGR of 4.66% during 2015-2019 due to the high demand for engine oils and transmission oils in combustion vehicles.
- Due to the lockdown imposed due to the COVID-19 pandemic, the consumption of lubricants in passenger vehicles dropped drastically by 15.31% in 2020. Even the share of the PV segment in the overall automotive lubricants share decreased by 0.51% in 2020.
- The number of active passenger vehicle units in the country is projected to increase due to the expected sales growth of low-cost, used cars during the forecast period. As a result, the consumption of automotive lubricants in the passenger vehicles segment is expected to rise at a CAGR of 2.74% during 2021-2026.
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