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Argentina Automotive Engine Oils - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026

Publisher Mordor Intelligence Inc
Published Feb 17, 2024
Length 90 Pages
SKU # MOI18543464

Description

Argentina Automotive Engine Oils - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026


The Argentina Automotive Engine Oils Market size is estimated at 150.32 Million Liters in 2024, and is expected to reach 161.68 Million Liters by 2026, growing at a CAGR of 3.71% during the forecast period (2024-2026).

Key Highlights

  • Largest Segment by Vehicle Type - Commercial Vehicles : Argentina's commercial vehicle (CV) sector consumes the most engine oil due to the high average engine oil capacity of heavy-duty trucks, pickup trucks, and buses.
  • Fastest Segment by Vehicle Type - Commercial Vehicles : Argentina's CV engine oil demand is expected to rise faster than other segments, owing to the government's tax exemption announcement that would boost the CV population.

Argentina Automotive Engine Oils Market Trends

Largest Segment By Vehicle Type : Commercial Vehicles

  • In Argentina, engine oils accounted for about 82.35% of automotive lubricants consumption in 2020. During 2015-2019, engine oil consumption recorded a CAGR of 2.47%. The growing active vehicle fleet and increasing service needs in the country were the key drivers of this trend.
  • In 2020, the COVID-19 pandemic led to a massive decline in the usage rate of the existing vehicle fleets in the country, which led to a 9.61% dip in engine oil consumption. The passenger vehicles (PV) segment recorded the largest decline of 15.3% in engine oil consumption during the year.
  • During 2021-2026, the commercial vehicle segment is expected to register the highest growth of about 4.34% in engine oil consumption, followed by the motorcycles segment (3.98%). The growth is likely to be driven by increasing demand for new trucks and motorcycles in the country over the next five years.

Argentina Automotive Engine Oils Industry Overview

The Argentina Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 71.19%. The major players in this market are BP Plc (Castrol), ExxonMobil Corporation, Royal Dutch Shell Plc, TotalEnergies and YPF (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Please note: The report will take approximately 2 business days to prepare and deliver.

Table of Contents

90 Pages
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 Grade
5 Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 BP Plc (Castrol)
5.3.2 Chevron Corporation
5.3.3 ExxonMobil Corporation
5.3.4 Gulf Oil International
5.3.5 Petrobras
5.3.6 Petronas Lubricants International
5.3.7 Puma Energy
5.3.8 Royal Dutch Shell Plc
5.3.9 TotalEnergies
5.3.10 Valvoline Inc.
5.3.11 YPF
6 Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7 Key Strategic Questions for Lubricants CEOs

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