Mexico Automotive Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 456.45 Million Liters |
| Market Volume (2026) | 474.83 Million Liters |
| CAGR (2024 - 2026) | 1.99 % |
| Market Concentration | High |
Mexico Automotive Lubricants Market Analysis
The Mexico Automotive Lubricants Market size is estimated at 456.45 Million Liters in 2024, and is expected to reach 474.83 Million Liters by 2026, growing at a CAGR of 1.99% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : The highest proportion of passenger vehicles in the total vehicle population in Mexico is attributed to the highest lubricant consumption in the passenger vehicle segment.
- Fastest Segment by Vehicle Type - Motorcycles : The growing demand for off-road and premium motorcycles for recreational purposes post COVID-19 may boost the demand for motorcycle lubricants during the forecast period.
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and low drain interval, as it is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : The expected recovery of automotive sales in the country and the increasing usage of existing vehicle fleet may drive the demand for engine oils during the forecast period.
Mexico Automotive Lubricants Market Trends
This section covers the major market trends shaping the Mexico Automotive Lubricants Market according to our research experts:
Largest Segment By Vehicle Type : Passenger Vehicles
- In Mexico, passenger vehicles formed the leading vehicle type, in terms of total lubricant volume consumed during 2015-2020. Passenger vehicles accounted for around 53.79% of the total lubricant volume consumption during this period. In Mexico, in terms of the vehicle population, the number of passenger vehicles is way higher than commercial vehicles. This was the key reason for passenger vehicles to lead the lubricant consumption.Saved
- During the forecast period, the passenger vehicle segment is likely to be the fastest-growing vehicle segment, and it is projected to witness a CAGR of 3.78%.
- The United States–Mexico–Canada Agreement (USMCA) has supported the development of new vehicle models during the pandemic. This factor is likely to boost the production and sales of passenger vehicles and, thereby, increase their lubricant consumption in Mexico during the forecast period.
Mexico Automotive Lubricants Industry Overview
The Mexico Automotive Lubricants Market is moderately consolidated, with the top five companies occupying 63.74%. The major players in this market are Bardahl, BP PLC (Castrol), ExxonMobil Corporation, Roshfrans and Royal Dutch Shell Plc (sorted alphabetically).
Mexico Automotive Lubricants Market Leaders
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Bardahl
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BP PLC (Castrol)
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ExxonMobil Corporation
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Roshfrans
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Royal Dutch Shell Plc
*Disclaimer: Major Players sorted in no particular order
Mexico Automotive Lubricants Market News
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.
- June 2021: TotalEnergies and Stellantis group renewed their partnership for cooperation across different segments. Along with the renewal of partnerships with Peugeot, Citroën, and DS Automobiles, the new collaboration extends to Opel, and Vauxhall as well. This partnership includes the development and innovation of lubricants, first-fill in Stellantis group vehicles, recommendation of Quartz lubricants, and shared usage of charging stations operated by TotalEnergies, among others.
Mexico Automotive Lubricants Market Report - Table of Contents
1. Executive Summary & Key Findings
2. Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study
2.3 Research Methodology
3. Key Industry Trends
3.1 Automotive Industry Trends
3.2 Regulatory Framework
3.3 Value Chain & Distribution Channel Analysis
4. Market Segmentation
4.1 By Vehicle Type
4.1.1 Commercial Vehicles
4.1.2 Motorcycles
4.1.3 Passenger Vehicles
4.2 By Product Type
4.2.1 Engine Oils
4.2.2 Greases
4.2.3 Hydraulic Fluids
4.2.4 Transmission & Gear Oils
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 Bardahl
5.3.2 BP PLC (Castrol)
5.3.3 ExxonMobil Corporation
5.3.4 Mexicana de Lubricantes S.A. de C.V.
5.3.5 Motul
5.3.6 Raloy
5.3.7 Roshfrans
5.3.8 Royal Dutch Shell Plc
5.3.9 TotalEnergies
5.3.10 Valvoline Inc.
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Mexico Automotive Lubricants Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Mexico Automotive Lubricants Market Research FAQs
How big is the Mexico Automotive Lubricants Market?
The Mexico Automotive Lubricants Market size is expected to reach 456.45 million Liters in 2024 and grow at a CAGR of 1.99% to reach 474.83 million Liters by 2026.
What is the current Mexico Automotive Lubricants Market size?
In 2024, the Mexico Automotive Lubricants Market size is expected to reach 456.45 million Liters.
Who are the key players in Mexico Automotive Lubricants Market?
Bardahl, BP PLC (Castrol), ExxonMobil Corporation, Roshfrans and Royal Dutch Shell Plc are the major companies operating in the Mexico Automotive Lubricants Market.
Which segment has the biggest share in the Mexico Automotive Lubricants Market?
In the Mexico Automotive Lubricants Market, the Passenger Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Mexico Automotive Lubricants Market?
In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the Mexico Automotive Lubricants Market.
What years does this Mexico Automotive Lubricants Market cover, and what was the market size in 2023?
In 2023, the Mexico Automotive Lubricants Market size was estimated at 445.82 million Liters. The report covers the Mexico Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Automotive Lubricants Market size for years: 2024, 2025 and 2026.
Mexico Lubricants Industry Report
Statistics for the 2024 Mexico Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Lubricants analysis includes a market forecast outlook 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
