South America Automotive Engine Oils Market Size

Statistics for the 2023 & 2024 South America Automotive Engine Oils market size, created by Mordor Intelligence™ Industry Reports. South America 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 South America Automotive Engine Oils Industry

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Study Period 2015 - 2026
Base Year For Estimation 2020
Market Volume (2024) 1.25 Billion Liters
Market Volume (2026) 1.33 Billion Liters
CAGR (2024 - 2026) 3.15 %
Market Concentration High
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South America Automotive Engine Oils Market Analysis

The South America Automotive Engine Oils Market size is estimated at 1.25 Billion Liters in 2024, and is expected to reach 1.33 Billion Liters by 2026, growing at a CAGR of 3.15% during the forecast period (2024-2026).

  • Largest Segment by Vehicle Type - Commercial Vehicles : The commercial vehicle segment in the region consumes the majority of engine oil due to the high average engine oil capacity of heavy-duty trucks, pick-up trucks, and buses.
  • Fastest Segment by Vehicle Type - Motorcycles : Post COVID-19 pandemic, there has been an increase in demand for used and high-end motorcycles in Brazil and Colombia, which may increase motorcycle engine oil consumption.
  • Largest Country Market - Brazil : Brazil has the highest proportion of passenger vehicles, commercial vehicles, and motorcycles among all South American countries, making it the leading engine oil consumer.
  • Fastest Growing Country Market - Colombia : The expected growth in the active vehicle fleet in Colombia, along with the widespread use of mineral oils, is likely to propel the demand for engine oils at a healthy rate.

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