Canada Automotive Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 450.69 Million Liters |
| Market Volume (2026) | 455.98 Million Liters |
| CAGR (2024 - 2026) | 0.59 % |
| Market Concentration | High |
Canada Automotive Lubricants Market Analysis
The Canada Automotive Lubricants Market size is estimated at 450.69 Million Liters in 2024, and is expected to reach 455.98 Million Liters by 2026, growing at a CAGR of 0.59% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Commercial Vehicles : High vehicle population of Class 7-8 trucks with diesel engines that have high lubricant consumption capacities has resulted in the high market share of commercial vehicles
- Fastest Segment by Vehicle Type - Passenger Vehicles : As the social distancing measures are being slowly eased in the country the usage of Passenger Vehicles is likely to increase and thereby boost their lubricant consumption
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type owing 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 - Hydraulic Fluids : The expected recovery of automotive sales in the country and the increasing usage of the existing vehicle fleet may drive the demand for hydraulic fluids in the future.
Canada Automotive Lubricants Market Trends
This section covers the major market trends shaping the Canada Automotive Lubricants Market according to our research experts:
Largest Segment By Vehicle Type : Commercial Vehicles
- In Canada, commercial vehicles were the leading vehicle type, in terms of total lubricant volume consumed during 2015-2020. Commercial vehicles accounted for around 63.1% of the total lubricant volume consumption during this period. The high usage of class 7 and class 8 trucks with diesel engines that have high lubricant consumption requirements was the key reason for the commercial vehicle type to lead in lubricant consumption.
- During the forecast period, the passenger vehicle segment is likely to be the fastest-growing vehicle segment, and it is projected to record a CAGR of 2.96%. The growing passenger vehicle sales in 2021 due to the pent-up demand during 2020 and the expected production capacity additions by major brands, like Ford, GM, and FCA, are likely to be the key driving factors for the growth of lubricant consumption in the passenger vehicle segment.
Canada Automotive Lubricants Industry Overview
The Canada Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 82.33%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, HollyFrontier (PetroCanada lubricants), Royal Dutch Shell Plc and Valvoline Inc. (sorted alphabetically).
Canada Automotive Lubricants Market Leaders
-
BP PLC (Castrol)
-
ExxonMobil Corporation
-
HollyFrontier (Petro鈥慍anada lubricants)
-
Royal Dutch Shell Plc
-
Valvoline Inc.
*Disclaimer: Major Players sorted in no particular order
Canada Automotive Lubricants Market News
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.
- June 2021: TotalEnergies and Stellantis group renewed their partnership for cooperation across different segments. Along with the renewal of partnerships with Peugeot, Citro毛n, and DS Automobiles, the new collaboration extends to Opel, and Vauxhall as well. This partnership includes the development and innovation of lubricants, first-fill in Stellantis group vehicles, recommendation of Quartz lubricants, and shared usage of charging stations operated by TotalEnergies, among others.
Canada Automotive Lubricants Market Report - 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 Boss Lubricants
5.3.2 BP PLC (Castrol)
5.3.3 Chevron Corporation
5.3.4 ExxonMobil Corporation
5.3.5 FUCHS
5.3.6 HollyFrontier (PetroCanada lubricants)
5.3.7 Phillips 66 Lubricants
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
Canada Automotive Lubricants Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Canada Automotive Lubricants Market Research FAQs
How big is the Canada Automotive Lubricants Market?
The Canada Automotive Lubricants Market size is expected to reach 450.69 million Liters in 2024 and grow at a CAGR of 0.59% to reach 455.98 million Liters by 2026.
What is the current Canada Automotive Lubricants Market size?
In 2024, the Canada Automotive Lubricants Market size is expected to reach 450.69 million Liters.
Who are the key players in Canada Automotive Lubricants Market?
BP PLC (Castrol), ExxonMobil Corporation, HollyFrontier (Petro鈥慍anada lubricants), Royal Dutch Shell Plc and Valvoline Inc. are the major companies operating in the Canada Automotive Lubricants Market.
Which segment has the biggest share in the Canada Automotive Lubricants Market?
In the Canada Automotive Lubricants Market, the Commercial Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Canada Automotive Lubricants Market?
In 2024, the Passenger Vehicles segment accounts for the fastest growing by vehicle type in the Canada Automotive Lubricants Market.
What years does this Canada Automotive Lubricants Market cover, and what was the market size in 2023?
In 2023, the Canada Automotive Lubricants Market size was estimated at 443.63 million Liters. The report covers the Canada Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Automotive Lubricants Market size for years: 2024, 2025 and 2026.
Canada Automotive Lubricants Industry Report
Statistics for the 2024 Canada Automotive Lubricants market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Canada Automotive Lubricants analysis includes a market forecast outlook 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
