Italy Automotive Engine Oils Market Trends

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

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Single User License

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Team License

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Corporate License

$8750

Book before:

Market Trends of Italy Automotive Engine Oils Industry

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

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

  • In Italy, engine oils segment accounted for the major share of automotive lubricant demand of about 65.27% during 2020. However, the growth of engine oil consumption in Italy during the period was unstable due to the volatile trend in the annual mileage of passenger vehicles in Italy.
  • In 2020, the COVID-19 outbreak had resulted in a massive decline in the existing vehicle fleet activity, which subsequently delayed service intervals. As a result, engine oil consumption in the country decreased by around 14.05%.
  • Despite the expected recovery in sales and production in the automotive industry, the increasing penetration of electric vehicles is likely to have a marginally negative impact on engine oil consumption. Overall, engine oil consumption is expected to record a CAGR of 2.06% during 2021-2026.
Italy Automotive Engine Oils Market

Italy Automotive Engine Oil Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026