China Automotive Lubricants Market - Size, Share, Forecast & Covid-19 Impact (2022 - 2027)

The China 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: 2021
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: Passenger Vehicles
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 6.11 %

Key Players

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Market Overview

The China Automotive Lubricants Market stood at 3.64 billion liters in 2020 and is projected to register a CAGR of 6.11% to reach 5.19 billion liters in 2026.

  • Largest Segment by Vehicle Type - Passenger Vehicles : China has the highest proportion of active passenger vehicle population, which has resulted in the highest level of lubricant consumption in the passenger vehicle sector.
  • Fastest Segment by Vehicle Type - Passenger Vehicles : During the forecast period, China's expected rebound in business activities, as well as sales and production of passenger vehicles, is expected to drive lubricant demand.
  • 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 - Transmission Oils : In China, demand for transmission oils is expected to grow during the forecast period due to rising electric vehicle sales and increasing adoption of automatic transmissions.

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

  • In China, the passenger vehicles segment accounted for a share of 58.84% in the total number of on-road vehicles in 2020, followed by the motorcycles and commercial vehicles segments, with 34.86% and 6.30% shares, respectively.
  • In 2020, the passenger vehicles (PVs) segment accounted for the highest share of 64.1%, in terms of lubricant consumption. The dip in sales and the usage of the existing PV fleet due to COVID-19 restrictions led to a decline in lubricant consumption during the year.
  • Among all vehicle types, the passenger vehicles segment is likely to be the fastest-growing segment at a CAGR of 5.80%, in terms of lubricant consumption, during 2021-2026. During this period, PV engine oil consumption is likely to grow at a slower pace compared to other lubricants, owing to the rising sales of electric vehicles on the back of incentives offered in the country.

Competitive Landscape

The China Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 72.53%. The major players in this market are BP PLC (Castrol), China National Petroleum Corporation, China Petroleum & Chemical Corporation, ExxonMobil Corporation and Royal Dutch Shell Plc (sorted alphabetically).

Recent Developments

    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

      2. 3.2 Regulatory Framework

      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 BP PLC (Castrol)

        2. 5.3.2 Chevron Corporation

        3. 5.3.3 China National Petroleum Corporation

        4. 5.3.4 China Petroleum & Chemical Corporation

        5. 5.3.5 ExxonMobil Corporation

        6. 5.3.6 Jiangsu Gaoke Petrochemical Co. Ltd

        7. 5.3.7 Jiangsu Lopal Tech Co. Ltd

        8. 5.3.8 Qingdao COPTON Technology Co. Ltd

        9. 5.3.9 Royal Dutch Shell Plc

        10. 5.3.10 Tongyi Petrochemical Co. Ltd

        11. 5.3.11 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, CHINA, 2015 - 2026

      Figure 2:  

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

      Figure 3:  

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

      Figure 4:  

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

      Figure 5:  

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

      Figure 6:  

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

      Figure 7:  

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

      Figure 8:  

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

      Figure 9:  

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

      Figure 10:  

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

      Figure 11:  

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

      Figure 12:  

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

      Figure 13:  

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

      Figure 14:  

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

      Figure 15:  

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

      Figure 16:  

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

      Figure 17:  

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

      Figure 18:  

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

      Figure 19:  

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

      Figure 20:  

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

      Figure 21:  

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

      Figure 22:  

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

      Figure 23:  

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

      Figure 24:  

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

      Figure 25:  

      CHINA AUTOMOTIVE LUBRICANTS MARKET SHARE(%), BY MAJOR PLAYERS, 2020

    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.

    For any queries related to market definition, click here to schedule a call with our analysts.

    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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    04. Transparency
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    03. Exhaustive Data
    Tracking a million data points on the lubricants industry. Our constant market tracking covers over 1 million+ data points spanning 45 countries and over 150 companies just for the lubricants industry.

    Frequently Asked Questions

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

    The China Automotive Lubricants Market stood at 3.64 billion liters in 2020 and is projected to register a CAGR of 6.11% to reach 5.19 billion liters in 2026.

    China has the highest proportion of active passenger vehicle population, which has resulted in the highest level of lubricant consumption in the passenger vehicle sector.

    During the forecast period, China's expected rebound in business activities, as well as sales and production of passenger vehicles, is expected to drive lubricant demand.

    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 China, demand for transmission oils is expected to grow during the forecast period due to rising electric vehicle sales and increasing adoption of automatic transmissions.

    BP PLC (Castrol),China National Petroleum Corporation,China Petroleum & Chemical Corporation,ExxonMobil Corporation and Royal Dutch Shell Plc. are the major companies operating in China Automotive Lubricants Market.