Automotive Lubricants Market Analysis Featuring Key Players 2033

The global automotive lubricants market is anticipated to grow with a CAGR of ~2% during the forecast period, i.e. 2023-2033. The market is segmented by vehicle type into passenger cars, light commercial vehicles, heavy commercial vehicles, and others. Out of these, the passenger cars segment is anticipated to garner the highest market share by 2033, owing to its increased sales and production worldwide. As per International Organization of Motor Vehicle Manufacturers (OICA), in 2021, 49 million new passenger cars were sold and 57 million passenger cars were produced across the globe.

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Automotive Lubricants Market Analysis Featuring Key Players 2033

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