Canada Passenger Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 166.95 Million Liters |
| Market Volume (2026) | 170.13 Million Liters |
| CAGR (2024 - 2026) | 0.95 % |
| Market Concentration | High |
Canada Passenger Vehicles Lubricants Market Analysis
The Canada Passenger Vehicles Lubricants Market size is estimated at 166.95 Million Liters in 2024, and is expected to reach 170.13 Million Liters by 2026, growing at a CAGR of 0.95% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and short drain intervals. Also, it is used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Engine Oils : The growth in passenger vehicle sales in the country, post the economic recovery from the COVID-19 impact, is likely to drive the demand for hydraulic fluids during 2021-2026.
Canada Passenger Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Canada Passenger Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : Engine Oils
- The passenger vehicle lubricant consumption in Canada increased during 2015-2018. However, the Y-o-Y growth rates during this period were fluctuating, owing to the changing passenger vehicle production outputs. The consumption dropped by around 2.17% during 2018-2019, caused by the increased penetration of synthetic lubricants with longer drain intervals. Additionally, there was an estimated decline of 2.54% in the average annual mileage of passenger vehicles in the country during this period.
- Post the COVID-19 outbreak, there has been a major decline in the usage of personal vehicles for commuting. Moreover, maintenance activities of passenger vehicles have significantly declined.
- With the lockdown measures being slowly eased, there has been a surge in the usage of personal vehicles, which may drive the recovery of passenger vehicle lubricant consumption.
Canada Passenger Vehicles Lubricants Industry Overview
The Canada Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 95.51%. 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 Passenger Vehicles 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 Passenger Vehicles Lubricants Market News
- 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.
- March 2021: Castrol announced the launch of Castrol ON (a Castrol e-fluid range that includes e-gear oils, e-coolants, and e-greases) to its product portfolio. This range is specially designed for electric vehicles.
- March 2021: Hyundai Motor Company and Royal Dutch Shell PLC announced a five-year global business cooperation agreement, with a new focus on clean energy and carbon reduction, to help Hyundai continue its transformation as a Smart Mobility Solution Provider.
Canada Passenger Vehicles 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 Product Type
4.1.1 Engine Oils
4.1.2 Greases
4.1.3 Hydraulic Fluids
4.1.4 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 Passenger Vehicles Lubricants Industry Segmentation
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Canada Passenger Vehicles Lubricants Market Research FAQs
How big is the Canada Passenger Vehicles Lubricants Market?
The Canada Passenger Vehicles Lubricants Market size is expected to reach 166.95 million Liters in 2024 and grow at a CAGR of 0.95% to reach 170.13 million Liters by 2026.
What is the current Canada Passenger Vehicles Lubricants Market size?
In 2024, the Canada Passenger Vehicles Lubricants Market size is expected to reach 166.95 million Liters.
Who are the key players in Canada Passenger Vehicles 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 Passenger Vehicles Lubricants Market.
Which segment has the biggest share in the Canada Passenger Vehicles Lubricants Market?
In the Canada Passenger Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Canada Passenger Vehicles Lubricants Market?
In 2024, the Transmission & Gear Oils segment accounts for the fastest growing by product type in the Canada Passenger Vehicles Lubricants Market.
What years does this Canada Passenger Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Canada Passenger Vehicles Lubricants Market size was estimated at 166.25 million Liters. The report covers the Canada Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Canada Passenger Vehicles Lubricants Industry Report
Statistics for the 2024 Canada Passenger Vehicles Lubricants market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Canada Passenger Vehicles Lubricants analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
