Automotive Engine Oil Market Size

Automotive Engine Oil Market size was valued at USD 45.62 billion in 2024 and is anticipated to reach USD 104.43 billion by the end of 2037, registering around 6.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive engine oil is assessed at USD 48.03 billion. The growth of the market can be attributed primarily to the increasing motor vehicle production worldwide, increasing transportation services with growing students, employees, and organizations, and increasing awareness of its efficiency in fuel economy. As per the data by the International Organization of Motor Vehicle Manufacturers (OICA), the global production of motor vehicles grew from 583,74,162 numbers in the year 2000 to 917,86,861 units in 2019. 

Furthermore, the rising demand for synthetic products, increasing technological advancements in the automotive industry, and rising disposable income are expected to contribute to the growth of the global automotive engine oil market during the forecast period. According to the Bureau of Economic Analysis, disposable personal income rose by 0.2% nearly USD 37.6 billion in the year July 2022.