What is the Market Size of India Two Wheeler Engine Oil in US?
The India two-wheeler engine oil market is poised for steady growth, projected to expand at a CAGR of 3.8%, increasing from US$ 1.15 billion in 2024 to US$ 1.49 billion by 2031. This market thrives on the rising demand for motorcycles and scooters, driven by India's growing population and urbanization. With historical growth at a CAGR of 3.3% from 2019 to 2023, the sector is marked by intense competition and continuous technological advancements, leading to innovative lubrication solutions that cater to a diverse consumer base. As India positions itself as a global automotive manufacturing hub, the significance of the two-wheeler engine oil market within the chemicals and materials industry is set to rise, supporting both domestic and multinational players in this dynamic landscape.