Summary

The Mexico Automotive Lubricants Market size is estimated at 456.45 Million Liters in 2024, and is expected to reach 474.83 Million Liters by 2026, growing at a CAGR of 1.99% during the forecast period (2024-2026).

Key Highlights

• Largest Segment by Vehicle Type - Passenger Vehicles : The highest proportion of passenger vehicles in the total vehicle population in Mexico is attributed to the highest lubricant consumption in the passenger vehicle segment.
• Fastest Segment by Vehicle Type - Motorcycles : The growing demand for off-road and premium motorcycles for recreational purposes post COVID-19 may boost the demand for motorcycle lubricants during the forecast period.
• Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and low drain interval, as it is used for high-temperature and high-pressure applications.
• Fastest Segment by Product Type - Transmission & Gear Oils : The expected recovery of automotive sales in the country and the increasing usage of existing vehicle fleet may drive the demand for engine oils during the forecast period.

Mexico Automotive Lubricants Market Trends

Largest Segment By Vehicle Type : Passenger Vehicles

• In Mexico, passenger vehicles formed the leading vehicle type, in terms of total lubricant volume consumed during 2015-2020. Passenger vehicles accounted for around 53.79% of the total lubricant volume consumption during this period. In Mexico, in terms of the vehicle population, the number of passenger vehicles is way higher than commercial vehicles. This was the key reason for passenger vehicles to lead the lubricant consumption.Saved
• During the forecast period, the passenger vehicle segment is likely to be the fastest-growing vehicle segment, and it is projected to witness a CAGR of 3.78%.
• The United States–Mexico–Canada Agreement (USMCA) has supported the development of new vehicle models during the pandemic. This factor is likely to boost the production and sales of passenger vehicles and, thereby, increase their lubricant consumption in Mexico during the forecast period.

Mexico Automotive Lubricants Industry Overview

The Mexico Automotive Lubricants Market is moderately consolidated, with the top five companies occupying 63.74%. The major players in this market are Bardahl, BP PLC (Castrol), ExxonMobil Corporation, Roshfrans and Royal Dutch Shell Plc (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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Table of Contents

1 Executive Summary & Key Findings

2 Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study
2.3 Research Methodology

3 Key Industry Trends
3.1 Automotive Industry Trends
3.2 Regulatory Framework
3.3 Value Chain & Distribution Channel Analysis

4 Market Segmentation
4.1 By Vehicle Type
4.1.1 Commercial Vehicles
4.1.2 Motorcycles
4.1.3 Passenger Vehicles
4.2 By Product Type
4.2.1 Engine Oils
4.2.2 Greases
4.2.3 Hydraulic Fluids
4.2.4 Transmission & Gear Oils

5 Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 Bardahl
5.3.2 BP PLC (Castrol)
5.3.3 ExxonMobil Corporation
5.3.4 Mexicana de Lubricantes S.A. de C.V.
5.3.5 Motul
5.3.6 Raloy
5.3.7 Roshfrans
5.3.8 Royal Dutch Shell Plc
5.3.9 TotalEnergies
5.3.10 Valvoline Inc.

6 Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures

7 Key Strategic Questions for Lubricants CEOs