Spain Automotive Engine Oils Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 132.55 Million Liters |
| Market Volume (2026) | 138.11 Million Liters |
| CAGR (2024 - 2026) | 2.08 % |
| Market Concentration | High |
Spain Automotive Engine Oils Market Analysis
The Spain Automotive Engine Oils Market size is estimated at 132.55 Million Liters in 2024, and is expected to reach 138.11 Million Liters by 2026, growing at a CAGR of 2.08% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Commercial Vehicles : In Spain, the large engine sizes of commercial vehicles (CV)s have led to higher engine oil volumes. Thus, CVs form the major lubricant-consuming vehicle type in the country.
- Fastest Segment by Vehicle Type - Passenger Vehicles : The increasing need to travel, adhering to social distancing norms, is likely to boost motorcycle sales since 2021, in turn, boosting engine oil consumption in Spain.
Spain Automotive Engine Oils Market Trends
This section covers the major market trends shaping the Spain Automotive Engine Oils Market according to our research experts:
Largest Segment By Vehicle Type : Commercial Vehicles
- Prior to 2020, passenger vehicles accounted for the largest share of the automotive lubricant consumption volume among all vehicle types. In Spain, the demand for automotive engine oils increased at a CAGR of 2.14% during 2015-2019.
- In 2020, the COVID-19 outbreak resulted in a major decline in the usage of the existing vehicle fleets in the country, in turn causing a drop in engine oil consumption levels at a rate of 12.50%, compared to 2019.
- During 2021-2026, engine oil consumption is estimated to grow at a lower rate of 2.15%, as compared to other product types. The primary reason for the lower growth rate is engine downsizing, which is further decreasing the average engine oil volumes. Also, an increase in service intervals in the PV and CV segments due to the rising adoption of synthetic lubricants is expected to restrain the volume growth of engine oils in the coming years.
Spain Automotive Engine Oils Industry Overview
The Spain Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 71.41%. The major players in this market are BP PLC (Castrol), CEPSA, Repsol, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).
Spain Automotive Engine Oils Market Leaders
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BP PLC (Castrol)
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CEPSA
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Repsol
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Royal Dutch Shell Plc
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TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Spain Automotive Engine Oils 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.
- 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.
- April 2021: Motul launched two engine oils, namely CLASSIC EIGHTIES 10W-40 and CLASSIC NINETIES 10W-30, for classic cars manufactured between the 1970s and 2000s.
Spain Automotive Engine Oils 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 Grade
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 CEPSA
5.3.3 Eni SpA
5.3.4 ExxonMobil Corporation
5.3.5 Galp Energia
5.3.6 Motul
5.3.7 Q8Oils
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
Spain Automotive Engine Oils Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
Spain Automotive Engine Oils Market Research FAQs
How big is the Spain Automotive Engine Oils Market?
The Spain Automotive Engine Oils Market size is expected to reach 132.55 million Liters in 2024 and grow at a CAGR of 2.08% to reach 138.11 million Liters by 2026.
What is the current Spain Automotive Engine Oils Market size?
In 2024, the Spain Automotive Engine Oils Market size is expected to reach 132.55 million Liters.
Who are the key players in Spain Automotive Engine Oils Market?
BP PLC (Castrol), CEPSA, Repsol, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Spain Automotive Engine Oils Market.
Which segment has the biggest share in the Spain Automotive Engine Oils Market?
In the Spain Automotive Engine Oils Market, the Commercial Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Spain Automotive Engine Oils Market?
In 2024, the Passenger Vehicles segment accounts for the fastest growing by vehicle type in the Spain Automotive Engine Oils Market.
What years does this Spain Automotive Engine Oils Market cover, and what was the market size in 2023?
In 2023, the Spain Automotive Engine Oils Market size was estimated at 129.92 million Liters. The report covers the Spain Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spain Automotive Engine Oils Market size for years: 2024, 2025 and 2026.
Spain Automotive Engine Oils Industry Report
Statistics for the 2023 Spain Automotive Engine Oils market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Spain Automotive Engine Oils analysis includes a market forecast outlook to 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
