Europe Automotive Engine Oils Market Size

Statistics for the 2023 & 2024 Europe Automotive Engine Oils market size, created by Mordor Intelligence™ Industry Reports. Europe Automotive Engine Oils size report includes a market forecast to 202 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Europe Automotive Engine Oils Industry

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Study Period 2015 - 2026
Base Year For Estimation 2020
Market Volume (2024) 2.25 Billion Liters
Market Volume (2026) 2.31 Billion Liters
CAGR (2024 - 2026) 1.32 %
Market Concentration High
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Europe Automotive Engine Oils Market Analysis

The Europe Automotive Engine Oils Market size is estimated at 2.25 Billion Liters in 2024, and is expected to reach 2.31 Billion Liters by 2026, growing at a CAGR of 1.32% during the forecast period (2024-2026).

  • Largest Segment by Vehicle Type - Passenger Vehicles : The highest lubricant consumption from the passenger vehicles sector was due to the high annual travel rates and requirement of regular oil changes in vehicles in Europe.
  • Fastest Segment by Vehicle Type - Passenger Vehicles : The expected recovery of the production and sales of passenger vehicles in Europe from 2021 is likely to boost their engine oil consumption during the forecast period.
  • Largest Country Market - Russia : Compared to other European countries, Russia is the largest market for engine oils owing to the large population of old commercial trucks and passenger vehicles.
  • Fastest Growing Country Market - Poland : The gradual recovery in average travel rates and rise in the sales of new passenger vehicles are expected to boost the demand for engine oils in Poland in the coming years.

Europe Automotive Engine Oils Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026