Automotive Lubricants Aftermarket Market Size Growth, Share, Merger, Key Companies, CAGR Status by

Based on the Type, Engine Oil is expected to hold the largest share in the market during the forecast period. Engine oils account for more than 95 percent of the total MCO market, with the balance consisting of products including fork oils, rear suspension oils, greases and chain oils. In the light vehicle segment, lubricants demand is dominated by engine oil, which accounts for the majority of automotive lubricants demand and for 21% of total lubricants demand. The engine oil segment dominated the construction lubricants market in terms of value. This dominance is mainly due to its high cost and frequent replacement in various construction equipment and off-road vehicles.

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