Canada Passenger Vehicles Lubricants Market Size & Share Analysis - Industry Research Report - Growth Trends

 Market Analysis of Lubricants for Passenger Vehicles in Canada

The Canada Passenger Vehicles Lubricants Market is expected to grow at a CAGR of 2.96% to reach 170.13 million litres in 2026 from its current level of 147.02 million litres in 2021. There has been a significant decrease in the use of personal vehicles for commuting since the COVID-19 epidemic. Additionally, there has been a sharp reduction in passenger vehicle repair operations.

Engine oils are the largest segment by product type. Due to its high volume requirements and frequent drain intervals, engine oil is the most popular product category. It is employed in applications involving high pressure and temperature as well.

Engine oils are the fastest-growing product type segment. After the country's economy recovered from the effects of COVID-19, the increase in passenger vehicle sales is projected to fuel demand for hydraulic fluids between 2021 and 2026.

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