Market Trends of Italy Automotive Lubricants Industry
This section covers the major market trends shaping the Italy Automotive Lubricants Market according to our research experts:
Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Commercial Vehicles</span>
- In Italy, passenger vehicles accounted for a 73.6% share of the total number of on-road vehicles during 2020. The commercial vehicles segment accounted for the largest share of 50.47% in the consumption of lubricants in 2020.
- The passenger vehicles segment's share in lubricant consumption recorded a significant drop due to the reducing passenger vehicles sales during the COVID-19 outbreak. Since freight transportation was considered an essential activity and exempted from travel restrictions, the commercial vehicles segment faced comparatively minor impact from the COVID-19 outbreak.
- The passenger vehicles segment is likely to recover from the impacts of the pandemic and semiconductor shortage, recording the highest growth of about 3.59% over the forecast period. Such a trend is expected, assuming a healthy recovery in passenger vehicle sales from the end of 2020.
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