Market Size of Bulgaria Commercial Vehicles Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2018 - 2019 |
| CAGR | 3.00 % |
| Market Concentration | High |
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Bulgaria Commercial Vehicles Lubricants Market Analysis
The Bulgaria Commercial Vehicles Lubricants Market is at 5.89 million liters in 2021 and is projected to register a CAGR of 3.00% to reach 6.83 million liters in 2026. In 2020, the demand for buses & coaches and heavy trucks for commercial use in the country has declined by about 28% due to the social distancing requirements to curb COVID-19 outbreak.
- Largest Segment by Product Type - Engine Oils : Engine oils form the leading product type due to their higher volume requirements and short drain intervals, as compared to other lubricants across all vehicle types.
- Fastest Segment by Product Type - Transmission & Gear Oils : The increase in the usage and sales of new and used commercial vehicles in Bulgaria post 2020 is likely to drive the demand for transmission oils during the forecast period.
