Market Trends of Canada Commercial Vehicles Lubricants Industry
This section covers the major market trends shaping the Canada Commercial Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>
- The cold weather conditions in Canada boost the need for synthetic diesel engine oils, such as 0W-40, which has led to an increase in drain intervals. This factor, combined with significant fluctuations in the production levels, resulted in a volatile trend pertaining to lubricant consumption during this period.
- Post the COVID-19 outbreak, freight transportation in the country has been negatively affected, owing to the social restrictions imposed during the first half of 2020, resulting in decreased maintenance requirements for commercial vehicles and declining lubricant consumption in this sector.
- The electric vehicle penetration in the commercial vehicles segment has been slow in Canada, as electric engines struggle to hold their charge in cold weather conditions, resulting in a minimal effect of electric vehicle penetration on the projected lubricant volume consumption.
Understand The Key Trends Shaping This Market
Download Sample
