How big is the Global Automotive Lubricants Market?

The Global Automotive Lubricants Market size is expected to reach 22.30 billion Liters in 2024 and grow at a CAGR of 3.13% to reach 23.72 billion Liters by 2026. Read More

What is the current Global Automotive Lubricants Market size?

In 2024, the Global Automotive Lubricants Market size is expected to reach 22.30 billion Liters. Read More

Who are the key players in Global Automotive Lubricants Market?

BP PLC (Castrol), China National Petroleum Corporation, Exxon Mobil Corporation, Royal Dutch Shell PLC and TotalEnergies are the major companies operating in the Global Automotive Lubricants Market. Read More

Which segment has the biggest share in the Global Automotive Lubricants Market?

In the Global Automotive Lubricants Market, the Passenger Vehicles segment accounts for the largest share by vehicle type. Read More

Which region has the biggest share in the Global Automotive Lubricants Market?

In 2024, Asia-Pacific accounts for the largest share by region in the Global Automotive Lubricants Market. Read More

What years does this Global Automotive Lubricants Market cover, and what was the market size in 2023?

In 2023, the Global Automotive Lubricants Market size was estimated at 21.56 billion Liters. The report covers the Global Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Automotive Lubricants Market size for years: 2024, 2025 and 2026. Read More

Global Automotive Lubricants Market Trends

Statistics for the 2023 & 2024 Global Automotive Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Global Automotive Lubricants trend report includes a market forecast to 2026 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Global Automotive Lubricants Industry

This section covers the major market trends shaping the Automotive Lubricants Market according to our research experts:

Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Passenger Vehicles</span>

In the global automotive industry, the passenger vehicles (PV) segment accounted for almost 55.1% share in the total number of on-road vehicles during 2020, followed by motorcycles and passenger vehicles with 34.7% and 10.1% shares, respectively.
The passenger vehicles segment accounted for the highest share of 53.6% in the total automotive lubricant volume consumption in 2020, followed by the commercial vehicles segment that accounted for a share of 37.3%. During the same year, travel restrictions to curb COVID-19 significantly affected the usage of these vehicles and their lubricant consumption.
During 2021-2026, lubricant consumption by the motorcycles segment is expected to witness the highest CAGR growth, amounting to 5.06%. The growing motorcycle sales combined with the easing down of COVID-19 pandemic-related travel restrictions are likely to be the key factors driving this trend.

Understand The Key Trends Shaping This Market

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Largest Region : <span style="font-family: 'regular_bold';color:#0e7db3;">Asia-Pacific</span>

Consumption of automotive lubricants is dominated by Asia-Pacific, North America, and Europe. In 2020, Asia-Pacific accounted for about 43% of the total automotive lubricant consumption globally, while North America and Europe accounted for a share of around 20% and 14.8%, respectively.
The COVID-19 outbreak in 2020 significantly affected automotive lubricant consumption in many countries worldwide. North America was the most affected, with a 17.4% drop, during 2019-2020. Africa was the least affected, with a 4.7% drop in its automotive lubricant consumption.
During 2021-2026, Asia-Pacific is likely to be the fastest-growing lubricant market, as the consumption is likely to increase at a CAGR of 4.89%, followed by Africa and the Middle East, which are expected to record a CAGR of 4.13% and 3.22%, respectively.