Mexico Commercial Vehicles Lubricants Market Analysis by Mordor Intelligence
The Mexico Commercial Vehicles Lubricants Market size is estimated at 192.89 million liters in 2025, and is expected to reach 207.18 million liters by 2030, at a CAGR of 1.44% during the forecast period (2025-2030).
- Largest Segment by Product Type - Engine Oils : Engine oils form the leading product type, owing to their high volume requirements and low drain interval. They are used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : The expected recovery of commercial vehicle sales and production in the country from 2021 is likely to drive the demand for transmission oils during the forecast period.
Mexico Commercial Vehicles Lubricants Market Trends and Insights
Largest Segment By Product Type : Engine Oils
- During 2015-2019, the commercial vehicle lubricant consumption in Mexico witnessed a gradual increase, followed by a period of decline.
- The high average age of heavy-duty commercial trucks and significant usage of older lubricant specifications were the major factors driving the country's lubricant consumption levels. During 2015-2019, commercial vehicle production in Mexico witnessed uneven growth rates, thus, leading to a volatile trend in commercial lubricant consumption.
- During 2019-2020, the consumption dropped suddenly, owing to decreased freight transportation post the COVID-19 outbreak. The sales of commercial vans and tractors in Mexico are likely to recover significantly during 2021, thereby supporting the commercial lubricant consumption with a CAGR of 2.27% during the forecast period.
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Competitive Landscape
The Mexico Commercial Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 61.80%. The major players in this market are Bardahl, BP PLC (Castrol), ExxonMobil Corporation, Roshfrans and Royal Dutch Shell Plc (sorted alphabetically).
Mexico Commercial Vehicles Lubricants Industry Leaders
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Bardahl
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BP PLC (Castrol)
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ExxonMobil Corporation
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Roshfrans
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Royal Dutch Shell Plc
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.
- June 2021: Castrol launched Castrol ON TM, a new line of e-fluids for electric vehicles. It includes e-greases, e-thermal fluids, and e-transmission fluids, all of which are employed in different electrical vehicle applications.
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Mexico Commercial Vehicles Lubricants Market Report Scope
By Product Type
| Engine Oils |
| Greases |
| Hydraulic Fluids |
| Transmission & Gear Oils |
| By Product Type | Engine Oils |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
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Key Questions Answered in the Report
How big is the Mexico Commercial Vehicles Lubricants Market?
The Mexico Commercial Vehicles Lubricants Market size is expected to reach 192.89 million Liters in 2025 and grow at a CAGR of 1.44% to reach 207.18 million Liters by 2030.
What is the current Mexico Commercial Vehicles Lubricants Market size?
In 2025, the Mexico Commercial Vehicles Lubricants Market size is expected to reach 192.89 million Liters.
Who are the key players in Mexico Commercial Vehicles Lubricants Market?
Bardahl, BP PLC (Castrol), ExxonMobil Corporation, Roshfrans and Royal Dutch Shell Plc are the major companies operating in the Mexico Commercial Vehicles Lubricants Market.
What years does this Mexico Commercial Vehicles Lubricants Market cover, and what was the market size in 2024?
In 2024, the Mexico Commercial Vehicles Lubricants Market size was estimated at 190.11 million Liters. The report covers the Mexico Commercial Vehicles Lubricants Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Mexico Commercial Vehicles Lubricants Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Mexico Commercial Vehicles Lubricants Market Report
Statistics for the 2025 Mexico Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Commercial Vehicles Lubricants analysis includes a market forecast outlook for 2025 to 2030) and historical overview. Get a sample of this industry analysis as a free report PDF download.
