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South America Automotive Lubricants Market Size

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

Market Size of South America Automotive Lubricants Industry

South America 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) 3.36 %
Market Concentration High

South America Automotive Lubricants Market Analysis

The South America Automotive Lubricants Market size is estimated at 1.61 Billion Liters in 2024, and is expected to reach 1.72 Billion Liters by 2026, growing at a CAGR of 3.36% during the forecast period (2024-2026).

  • Largest Segment by Vehicle Type - Commercial Vehicles : South America has a large number of pick-up trucks used for freight transportation. The region's aging CV fleet has been driving the need for lubricants during service.
  • Fastest Segment by Vehicle Type - Motorcycles : Post-COVID-19, there has been an increase in demand for used and high-end motorcycles in countries such as Brazil, which is likely to augment the motorcycle lubricant demand.
  • Largest Country Market - Brazil : Brazil has the highest proportion of PV, CV, and motorcycle fleets among all South American countries, making it the leading regional consumer of automotive lubricants.
  • Fastest Growing Country Market - Colombia : The growing age of the motor vehicle fleet in Colombia, which requires more automotive lubricants than new vehicles, is propelling the Colombian market at a quicker rate.

South America Automotive Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026