Market Size of India Automotive Lubricants Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Volume (2024) | 100 Million tons |
Market Volume (2029) | 150 Million tons |
CAGR (2024 - 2029) | 2.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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India Automotive Lubricants Market Analysis
The India Automotive Lubricants Market size is estimated at 100 Million tons in 2024, and is expected to reach 150 Million tons by 2029, growing at a CAGR of 2% during the forecast period (2024-2029).
In 2020, COVID-19 negatively impacted the automotive lubricants market in India. However, the market has now been estimated to have reached pre-pandemic levels and is forecast to grow steadily in the future.
- The rise in the number of passenger cars in the nation is the major factor driving the demand for automotive lubricants during the forecast period.
- On the other hand, the growing penetration of electric cars is likely to slow the growth of the market.
- The engine oil product type was the most popular in the market, and this is likely to stay the case over the next few years.
- In the future, the market is likely to benefit from the opening of new manufacturing plants and the increased capacity of the plants that are already there.