How big is the Russia Passenger Vehicles Lubricants Market?

The Russia Passenger Vehicles Lubricants Market size is expected to reach 326.09 million Liters in 2024 and grow at a CAGR of 2.10% to reach 339.95 million Liters by 2026. Read More

What is the current Russia Passenger Vehicles Lubricants Market size?

In 2024, the Russia Passenger Vehicles Lubricants Market size is expected to reach 326.09 million Liters. Read More

Who are the key players in Russia Passenger Vehicles Lubricants Market?

DelfinGroup, Gazprom, LUKOIL, ROSNEFT and Royal Dutch Shell Plc are the major companies operating in the Russia Passenger Vehicles Lubricants Market. Read More

Which segment has the biggest share in the Russia Passenger Vehicles Lubricants Market?

In the Russia Passenger Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type. Read More

Which is the fastest growing segment in the Russia Passenger Vehicles Lubricants Market?

In 2024, the Hydraulic Fluids segment accounts for the fastest growing by product type in the Russia Passenger Vehicles Lubricants Market. Read More

What years does this Russia Passenger Vehicles Lubricants Market cover, and what was the market size in 2023?

In 2023, the Russia Passenger Vehicles Lubricants Market size was estimated at 322.86 million Liters. The report covers the Russia Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Russia Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

Russia Passenger Vehicles Lubricants Market Trends

Statistics for the 2023 & 2024 Russia Passenger Vehicles Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Russia Passenger Vehicles Lubricants trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Russia Passenger Vehicles Lubricants Industry

This section covers the major market trends shaping the Russia 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>

During 2015-2019, passenger vehicle lubricant consumption in Russia witnessed a CAGR of 1.70%. The major factor driving this surge was the expanding passenger vehicle population in the country. Additionally, the high average age of passenger vehicles in the country has also been a major driving factor for lubricant consumption in this segment.
In 2020, the COVID-19 outbreak and related lockdowns hindered vehicle production, sales, and maintenance activities at large. As a result, lubricant consumption dropped by 18.38% compared to 2019.
The second wave of COVID-19 and fluctuating volumes of imported vehicles are likely to negatively affect lubricant consumption for a brief period, followed by a recovery in sales growth. As a result, the passenger vehicle lubricant consumption is projected to record a CAGR of 3.99% during 2021-2026.