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.

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

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