Bulgaria Automotive Lubricants Market - Size, Share, Forecast & Covid-19 Impact (2015 - 2026)

The Bulgaria Automotive Lubricants Market is segmented by Vehicle Type ( Commercial Vehicles, Motorcycles, Passenger Vehicles ) and by Product Type ( Engine Oils, Greases, Hydraulic Fluids, Transmission Oils )

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Market Snapshot

https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2015 - 2026
https://s3.mordorlabs.com/base%20year/1629296433432_test~base_year_base_year.svg Base Year: 2020
https://s3.mordorlabs.com/passenger_vehicles/1629285650768_test~passenger_vehicles_passenger_vehicles.svg Largest Share by Vehicle Type: Passenger Vehicles
https://s3.mordorlabs.com/passenger_vehicles/1629285650768_test~passenger_vehicles_passenger_vehicles.svg Fastest Growing by Vehicle Type: Commercial Vehicles
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 2.19 %

Key Players

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Market Overview

The Bulgaria Automotive Lubricants Market is at 18.03 million liters in 2021 and is projected to register a CAGR of 2.19% to reach 20.09 million liters in 2026. The COVID-19 outbreak and the social restrictions implemented in response to the pandemic have resulted in about 33% drop in the sales of new automobiles in Bulgaria during 2019-2020. The COVID-19 pandemic resulted in a significant sales drop of passenger cars and trucks in the country owing to the reduced travel needs of people.

  • Largest Segment by Vehicle Type - Passenger Vehicles : The vast population of new and used passenger vehicles in Bulgaria resulted in the highest lubricant consumption levels in the country's passenger vehicles sector.
  • Fastest Segment by Vehicle Type - Commercial Vehicles : In Bulgaria, the expected recovery in business activities and used commercial vehicle sales is likely to drive the demand for lubricants during the forecast period.
  • Largest Segment by Product Type - Engine Oils : Engine oils form the leading product type due to their high volume requirements and short drain intervals, as they are used in high-temperature and high-pressure applications.
  • Fastest Segment by Product Type - Hydraulic Fluids : In Bulgaria, the expected recovery in automotive sales, usage, and production since 2021 is likely to drive the demand for engine oils during the forecast period.

Scope of the Report

By Vehicle Type
Commercial Vehicles
Motorcycles
Passenger Vehicles
By Product Type
Engine Oils
Greases
Hydraulic Fluids
Transmission Oils

Report scope can be customized per your requirements. Click here.

Key Market Trends

Largest Segment By Vehicle Type : Passenger Vehicles

  • Among all vehicle types, passenger vehicles accounted for 81.51% of the total on-road vehicles in 2020, generating the highest demand for lubricants in Bulgaria. Passenger vehicles accounted for 66.41% of the total lubricant volume consumption in 2020.
  • However, this reflected a dip in its lubricant share of 68.91%, recorded in 2019. Social restrictions imposed to curb the COVID-19 outbreak affected lubricant consumption in passenger vehicles. With an expected recovery in sales, lubricant consumption in passenger vehicles is also likely to increase over the forecast period.
  • The commercial vehicles segment is likely to record the highest CAGR of 3% over the forecast period. Fast recovery is expected in the sales of commercial vehicles due to the increase in the demand for freight transportation with trade activities, and thus adding to the demand for lubricants.

Competitive Landscape

The Bulgaria Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 94.19%. The major players in this market are BP PLC (Castrol), Exxon Mobil Corporation, Prista Oil, Royal Dutch Shell and TotalEnergies (sorted alphabetically).

Major Players

*Disclaimer: Major Players are sorted alphabetically

Recent Developments

  • June 2021: TotalEnergies and Stellantis group renewed their partnership for cooperation across different segments. Along with the renewal of partnerhips with Peugeot, Citroën, 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.
  • June 2021: Champion Lubricants formed a partnership with FIA World Rallycross Championship, where the company is expected to provide its lubricant products until 2021.
  • May 2021: ADDINOL developed ADDINOL Professional 0530 FA-4, which is a high-performance motor oil for commercial vehicles with reduced HTHS viscosity.

Table of Contents

  1. 1. Executive Summary & Key Findings

  2. 2. Introduction

    1. 2.1 Study Assumptions & Market Definition

    2. 2.2 Scope of the Study​

    3. 2.3 Research Methodology

  3. 3. Key Industry Trends

    1. 3.1 Automotive Industry Trends

      1. 3.1.1 Overall Vehicles

      2. 3.1.2 Commercial Vehicles

      3. 3.1.3 Motorcycles

      4. 3.1.4 Passenger Vehicles

    2. 3.2 Regulatory Framework

      1. 3.2.1 Bulgaria

    3. 3.3 Value Chain & Distribution Channel Analysis

  4. 4. Market Segmentation

    1. 4.1 By Vehicle Type

      1. 4.1.1 Commercial Vehicles

      2. 4.1.2 Motorcycles

      3. 4.1.3 Passenger Vehicles

    2. 4.2 By Product Type

      1. 4.2.1 Engine Oils

      2. 4.2.2 Greases

      3. 4.2.3 Hydraulic Fluids

      4. 4.2.4 Transmission Oils

  5. 5. Competitive Landscape

    1. 5.1 Key Strategic Moves

    2. 5.2 Market Share Analysis

    3. 5.3 Company Profiles

      1. 5.3.1 AVIA International

      2. 5.3.2 BP PLC (Castrol)

      3. 5.3.3 CHEVRON CORPORATION

      4. 5.3.4 Eni SpA

      5. 5.3.5 Exxon Mobil Corporation

      6. 5.3.6 Gazprom

      7. 5.3.7 INSA

      8. 5.3.8 LIQUI MOLY

      9. 5.3.9 LUKOIL

      10. 5.3.10 Motul

      11. 5.3.11 Prista Oil

      12. 5.3.12 Royal Dutch Shell

      13. 5.3.13 TotalEnergies

  6. 6. Appendix

    1. 6.1 Appendix-1 References

    2. 6.2 Appendix-2 List of Tables & Figures

  7. 7. Key Strategic Questions for Lubricants CEOs

List of Tables & Figures

    Figure 1:  

    VEHICLE POPULATION, NUMBER OF UNITS, BULGARIA, 2015 - 2026

    Figure 2:  

    COMMERCIAL VEHICLES POPULATION, NUMBER OF UNITS, BULGARIA, 2015 - 2026

    Figure 3:  

    MOTORCYCLES POPULATION, NUMBER OF UNITS, BULGARIA, 2015 - 2026

    Figure 4:  

    PASSENGER VEHICLES POPULATION, NUMBER OF UNITS, BULGARIA, 2015 - 2026

    Figure 5:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, BY VEHICLE TYPE, 2015-2026

    Figure 6:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

    Figure 7:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, COMMERCIAL VEHICLES, 2015-2026

    Figure 8:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, COMMERCIAL VEHICLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 9:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, MOTORCYCLES, 2015-2026

    Figure 10:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, MOTORCYCLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 11:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, PASSENGER VEHICLES, 2015-2026

    Figure 12:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, PASSENGER VEHICLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 13:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, BY PRODUCT TYPE, 2015-2026

    Figure 14:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 15:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, ENGINE OILS, 2015-2026

    Figure 16:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, ENGINE OILS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

    Figure 17:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, GREASES, 2015-2026

    Figure 18:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, GREASES, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

    Figure 19:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, HYDRAULIC FLUIDS, 2015-2026

    Figure 20:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, HYDRAULIC FLUIDS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

    Figure 21:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, TRANSMISSION OILS, 2015-2026

    Figure 22:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, TRANSMISSION OILS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

    Figure 23:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

    Figure 24:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

    Figure 25:  

    BULGARIA AUTOMOTIVE LUBRICANTS MARKET SHARE(%), BY MAJOR PLAYERS, 2019

Market Definition

  • Vehicle Types - Passenger Vehicles, Commercial Vehicles and Motorcycles are the vehicle types considered under the automotive lubricants market.
  • Product Types - For the purpose of this study, lubricant products such as engine oils, transmission oils, greases and hydraulic fluids are taken into consideration.
  • Service Refill - Service refill is the primary factor considered while accounting the lubricant consumption for each of the vehicle segments, under the study.
  • Factory Fill - First lubricant fill-ups for newly produced vehicles are considered.

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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

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Frequently Asked Questions

The Bulgaria Automotive Lubricants Market market is studied from 2015 - 2026.

The Bulgaria Automotive Lubricants Market is at 18.03 million liters in 2021 and is projected to register a CAGR of 2.19% to reach 20.09 million liters in 2026. The COVID-19 outbreak and the social restrictions implemented in response to the pandemic have resulted in about 33% drop in the sales of new automobiles in Bulgaria during 2019-2020. The COVID-19 pandemic resulted in a significant sales drop of passenger cars and trucks in the country owing to the reduced travel needs of people.

The vast population of new and used passenger vehicles in Bulgaria resulted in the highest lubricant consumption levels in the country's passenger vehicles sector.

In Bulgaria, the expected recovery in business activities and used commercial vehicle sales is likely to drive the demand for lubricants during the forecast period.

Engine oils form the leading product type due to their high volume requirements and short drain intervals, as they are used in high-temperature and high-pressure applications.

In Bulgaria, the expected recovery in automotive sales, usage, and production since 2021 is likely to drive the demand for engine oils during the forecast period.

BP PLC (Castrol),Exxon Mobil Corporation,Prista Oil,Royal Dutch Shell and TotalEnergies. are the major companies operating in Bulgaria Automotive Lubricants Market.