Spain Automotive Lubricants Market Trends

Statistics for the 2023 & 2024 Spain Automotive Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Spain Automotive 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.

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Single User License

$4750

Team License

$5250

Corporate License

$8750

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Market Trends of Spain Automotive Lubricants Industry

This section covers the major market trends shaping the Spain Automotive Lubricants Market according to our research experts:

Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Commercial Vehicles</span>

  • In Spain, passenger vehicles accounted for the largest share of 75.57% of the total number of on-road vehicles during 2020. However, commercial vehicles recorded the largest share of 58.61% in lubricant consumption, which accounted for 13.49% of the on-road vehicles.
  • COVID-19 outbreak led to social restrictions, owing to which demand for freight transportation declined. Lubricant consumption in commercial vehicles reduced to 51.30% in 2020 from 53.10% in 2019. The other factor leading to an increase in the share was a significant dip in the demand for lubricants from the passenger vehicles segment brought about by lockdowns.
  • In terms of lubricant consumption, the commercial vehicles segment is expected to record the highest CAGR of 1.94% due to the new scrappage policy implemented in 2020 and an anticipated rise in the domestic sales of used and new commercial vehicles.
Spain Automotive Lubricants Market

Spain Automotive Lubricants Market Size & Share Analysis - Growth Trends & Forecasts Up To 2026