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

 Analysis of the Mexican Automotive Lubricants Market

The Mexico Automotive Lubricants Market is expected to grow by 3.15% CAGR to 474.83 million litres by 2026 from its current level of 406.70 million litres in 2021. Due to the COVID-19 epidemic, the country's existing fleet of passenger vehicles had a significant reduction in maintenance needs for 2020, with a decrease in lubricant usage of over 15%.

Passenger vehicles make up the largest segment by vehicle type: Due to the largest lubricant consumption in the passenger car segment, there are more passenger vehicles than any other type of vehicle in Mexico.

Fastest Segment by Vehicle Type - Motorcycles: During the projection period, there may be an increase in demand for motorcycle lubricants due to the rising popularity of off-road and high-end motorcycles for leisure use following Covid-19.

Engine oils make up the largest segment by product type. Since engine oil is used in high-temperature and high-pressure applications, it has high volume needs and a short drain interval.

Fastest Segment by Product Type - Transmission & Gear Oils: During the projected period, the demand for engine oils may be driven by the anticipated rebound in automotive sales in the nation and the rising use of the fleet of current vehicles.

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