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.

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