Market Size of Norway Automotive Engine Oils Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2018 - 2019 |
| CAGR | -0.35 % |
| Market Concentration | High |
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Norway Automotive Engine Oils Market Analysis
The Norway Automotive Engine Oils Market is at 14.26 million liters in 2021 and is projected to register a CAGR of -0.35% to reach 14.01 million liters in 2026. Even after the pandemic outbreak during 2020, the motorcycle sales increased by about 3.8% in the country. The impact on motorcycle sales was positive as social distancing norms promoted use of these vehicles since they helped in avoiding public transport.
- Largest Segment by Vehicle Type - Commercial Vehicles : The highest engine oil demand from the commercial vehicles sector in Norway is attributed to the high average volume of engine oil changes and cycles for commercial vehicles.
- Fastest Segment by Vehicle Type - Commercial Vehicles : The expected recovery of production and sales of commercial vehicles in Norway from 2021 is likely to boost the engine oil consumption during the forecast period.
