Europe Commercial Vehicle Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 1.37 Billion Liters |
| Market Volume (2026) | 1.40 Billion Liters |
| CAGR (2024 - 2026) | 1.09 % |
| Market Concentration | High |
Europe Commercial Vehicle Lubricants Market Analysis
The Europe Commercial Vehicles Lubricants Market size is estimated at 1.37 Billion Liters in 2024, and is expected to reach 1.40 Billion Liters by 2026, growing at a CAGR of 1.09% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its shorter drain interval than other product types and application needs in high-temperature and pressure conditions.
- Fastest Segment by Product Type - Transmission & Gear Oils : The increasing usage, production, and sales of commercial vehicles in Europe from 2021 are expected to drive the demand for transmission oils in the coming years.
- Largest Country Market - Russia : Russia is the largest commercial vehicle lubricants market in Europe due to the large population of old and new commercial trucks, along with high average engine oil volumes.
- Fastest Growing Country Market - Bulgaria : In Bulgaria, sales growth of new and used passenger vehicles, supported by increasing travel rates, is projected to increase the demand for lubricants at a healthy rate.
Europe Commercial Vehicle Lubricants Market Trends
This section covers the major market trends shaping the Europe Commercial Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : Engine Oils
- Lubricant consumption in the European commercial vehicles sector witnessed a significant increase due to the growing commercial vehicle population during 2015-2018. However, in 2019, a decline in the annual vehicle mileage and commercial vehicle production caused a 1.92% drop in lubricant consumption over 2018.
- Post the COVID-19 outbreak, freight transportation in Europe was negatively affected due to the social restrictions imposed as a response to the pandemic during the first half of 2020. As a result, lubricant consumption in commercial vehicles in the region decreased by 11.82%, compared to 2019.
- The recovering commercial vehicle sales in Europe are likely to boost lubricant consumption during the forecast period. The expected growth in the penetration of electric vehicles is anticipated to have a slight impact on engine oil consumption during 2021-2026.
Largest Country : Russia
- In Europe, the consumption volume of commercial vehicle (CV) lubricants is the highest in Russia, followed by France and Italy. In 2020, Russia accounted for 21.33% of the total consumption of CV lubricants in Europe. The country recorded the highest shares in the consumption of engine oils (23.23%), greases (14.63%), and transmission oils (21.84%).
- In 2020, France recorded the highest share of 17.62% in hydraulic fluids. However, the COVID-19 outbreak significantly affected vehicle production and sales in the country due to the social restrictions imposed during the year.
- During the first half of 2021, European countries experienced the second wave of COVID-19, which reduced the pace of the sales recovery. Production was also affected by the semiconductor shortage. However, growth in the automotive sector is likely to improve from 2022, registering a CAGR of 1.68% during 2021-2026.
Europe Commercial Vehicle Lubricants Industry Overview
The Europe Commercial Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 45.27%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, LUKOIL, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).
Europe Commercial Vehicle Lubricants Market Leaders
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BP PLC (Castrol)
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ExxonMobil Corporation
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LUKOIL
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Royal Dutch Shell Plc
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TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Europe Commercial Vehicle 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.
- September 2021: Lukoil Group and Daimler AG, one of the world's major automobile manufacturers, expanded their relationship in Lukoil lubricants' first fill supplies for the brand's premium passenger cars' engines. Low-viscosity Lukoil Genesis engine oil, developed by LLK-International (PJSC LUKOIL wholly owned subsidiary) for modern gasoline and diesel engines of the car manufacturer in compliance with one of its newest first fill standards, will be added to the product portfolio. In comparison to the previous generation, the new product delivered dependable engine protection and increased fuel economy.
- April 2021: FUCHS WISURA GmbH integrated with its sister company, FUCHS SCHMIERSTOFFE GmbH. FUCHS SCHMIERSTOFFE GmbH plans to take over the company's manufacturing facility in Bremen, as well as the business connections, allowing both the companies to procure all goods and services from a single source.
Europe Commercial Vehicle 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
4.2 By Country
4.2.1 Bulgaria
4.2.2 France
4.2.3 Germany
4.2.4 Italy
4.2.5 Norway
4.2.6 Poland
4.2.7 Russia
4.2.8 Spain
4.2.9 United Kingdom
4.2.10 Rest of Europe
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 Eni SpA
5.3.4 ExxonMobil Corporation
5.3.5 FUCHS
5.3.6 Gazprom
5.3.7 LUKOIL
5.3.8 Repsol
5.3.9 Royal Dutch Shell Plc
5.3.10 TotalEnergies
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Europe Commercial Vehicle Lubricants Industry Segmentation
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
| By Country | |
| Bulgaria | |
| France | |
| Germany | |
| Italy | |
| Norway | |
| Poland | |
| Russia | |
| Spain | |
| United Kingdom | |
| Rest of Europe |
Europe Commercial Vehicle Lubricants Market Research FAQs
How big is the Europe Commercial Vehicles Lubricants Market?
The Europe Commercial Vehicles Lubricants Market size is expected to reach 1.37 billion Liters in 2024 and grow at a CAGR of 1.09% to reach 1.40 billion Liters by 2026.
What is the current Europe Commercial Vehicles Lubricants Market size?
In 2024, the Europe Commercial Vehicles Lubricants Market size is expected to reach 1.37 billion Liters.
Who are the key players in Europe Commercial Vehicles Lubricants Market?
BP PLC (Castrol), ExxonMobil Corporation, LUKOIL, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Europe Commercial Vehicles Lubricants Market.
Which segment has the biggest share in the Europe Commercial Vehicles Lubricants Market?
In the Europe Commercial Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which country has the biggest share in the Europe Commercial Vehicles Lubricants Market?
In 2024, Russia accounts for the largest share by country in the Europe Commercial Vehicles Lubricants Market.
What years does this Europe Commercial Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Europe Commercial Vehicles Lubricants Market size was estimated at 1.35 billion Liters. The report covers the Europe Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Europe Commercial Vehicle Lubricants Industry Report
Statistics for the 2024 Europe Commercial Vehicle Lubricants market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Europe Commercial Vehicle Lubricants analysis includes a market forecast outlook 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
