Automotive Lubricants Market Size & Share Analysis - Industry Research Report - Growth Trends

 Analysis of the Automotive Lubricants Market

The global market for automotive lubricants, which was 19.65 billion litres in 2021, is expected to grow at a CAGR of 3.83% to reach 23.72 billion litres by 2026.


The largest segment by vehicle type is passenger vehicles, which account for the highest lubricant consumption of all the other vehicle categories because to their vast fleet size globally.

Fastest Segment by Vehicle Type: motorbikes: Despite the COVID-19 pandemic, sales of motorbikes have increased in numerous nations. This trend is projected to continue, which will increase the sector's need for lubricants going forward.

Asia-Pacific is the largest regional market and is home to nations with sizable vehicle fleets like China, India, and Indonesia. As a result, Asia-Pacific saw the highest levels of lubricant use in this industry.

Asia-Pacific has the fastest-growing regional market: The low penetration of synthetic lubricants and anticipated rapid increases in the number of vehicles in nations like India are going to be the main factors driving lubricant consumption in APAC.

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