Market Size of Germany Passenger Vehicles Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2018 - 2019 |
| CAGR | 1.92 % |
| Market Concentration | High |
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Germany Passenger Vehicles Lubricants Market Analysis
The Germany Passenger Vehicles Lubricants Market is at 279.15 million liters in 2021 and is projected to register a CAGR of 1.92% to reach 306.98 million liters in 2026. In 2020, post the COVID-19 outbreak, the usage of passenger cars significantly dropped due to the restrictions imposed as a response to the pandemic. As a result, lubricant consumption dropped by over 18% in 2020.
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and low drain interval. It is used for regular high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : The expected recovery of passenger vehicle sales and production in the country from 2021 is likely to drive the demand for transmission oils during the forecast period.
