Automotive Engine Oil Market Analysis

Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles)

The global automotive engine oil market is segmented and analyzed for demand and supply by vehicle type into passenger cars, light commercial vehicles, heavy commercial vehicles, and others. Among these segments, the passenger car segment is anticipated to capture the largest market size in the global market owing to the rapid expansion of the passenger car market in developing countries. For instance, the Indian passenger car market was reported to be worth USD 32 billion in 2021 and is projected to grow to USD 53 billion by the end of 2027. In addition, the rising purchasing power of people, growth in urban population, and growing preference for the adoption of fewer carbon emissions vehicles are further projected to augment segment growth over the forecast period.

Our in-depth analysis of the global market includes the following segments: