Europe Automotive Engine Oils Market Size & Share Analysis - Industry Research Report - Growth Trends

 Market research for automotive engine oils in Europe

The market for automotive engine oils in Europe is expected to grow by 2.33% CAGR to reach 2.31 billion litres in 2026 from its current level of 2.06 billion litres. Despite a significant increase in motorcycle sales in some nations, such as Germany, Europe's active motorcycle fleet saw significant decreases in utilisation as a result of the COVID-19 pandemic outbreak in 2020.

Passenger vehicles make up the largest segment by vehicle type: Due to high yearly travel rates and the need for frequent oil changes in vehicles, Europe had the largest lubricant consumption in the passenger vehicle sector.

Fastest Segment by Vehicle Type - Passenger Vehicles: During the projected period, it is predicted that engine oil consumption for passenger vehicles would increase due to the anticipated recovery of their production and sales in Europe starting in 2021.

Russia is the largest country market for engine oils when compared to other European nations because there are so many outdated commercial trucks and cars on the road there.

Fastest Growing Country Market: Poland: In the upcoming years, demand for engine oils is anticipated to increase in Poland as new passenger car sales and average travel rates gradually recover.

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