Asia-pacific Automotive Engine Oils Market Size, Analysis (2022 - 27) | Industry Trends

 Market Overview:

The Asia-Pacific Automotive Engine Oils Market was worth 6.94 billion litres in 2022 and is expected to grow at a NaN% CAGR to NaN litres in 2027.

Passenger Vehicles: The largest category by vehicle type, with a big population, high travel rates, and short service frequency, are the reasons driving engine oil consumption in the passenger vehicle segment.

Motorcycles: Increasing servicing frequencies and a growing motorcycle population in India and ASEAN countries are driving engine oil consumption in this sector at a rapid pace.

Largest Country Market — China: The country’s high lubricant consumption can be ascribed to the country’s vehicle fleet and the increasing average age of vehicles that require high lubricant usage.

Vietnam: The gradual rebound in the average travel rate and the increase in vehicle sales in 2021 are likely to raise demand for engine oils in India in the future years.

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