Europe Commercial Vehicles Lubricants Market - Size, Share, Forecast & Covid-19 Impact (2015 - 2026)

The Europe Commercial Vehicles Lubricants Market is segmented by Product Type ( Engine Oils, Greases, Hydraulic Fluids, Transmission Oils ) and by Country ( Bulgaria, France, Germany, Italy, Norway, Poland, Russia, Spain, United Kingdom )

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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/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Product Type: Engine Oils
https://s3.mordorlabs.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country: Russia
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 1.68 %

Key Players

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Market Overview

The Europe Commercial Vehicles Lubricants Market is at 1.29 billion liters in 2021 and is projected to register a CAGR of 1.68% to reach 1.40 billion liters in 2026. 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 country decreased by over 11% in terms of volume, compared to 2019.

  • 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 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.

Scope of the Report

By Product Type
Engine Oils
Greases
Hydraulic Fluids
Transmission Oils
By Country
Bulgaria
France
Germany
Italy
Norway
Poland
Russia
Spain
United Kingdom
Rest of Europe

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Key Market Trends

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 the 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.

Competitive Landscape

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).

Major Players

*Disclaimer: Major Players are sorted alphabetically

Recent Developments

  • May 2021: ADDINOL developed ADDINOL Professional 0530 FA-4, which is a high-performance motor oil for commercial vehicles with reduced HTHS viscosity.
  • January 2021: ADDINOL developed and introduced a new range of ADDINOL Professional oils, Professional 1040 and Professional 1540 E8/E11, for heavy-duty trucks, keeping modern standards and ACEA specifications in mind.
  • January 2021: Champion Lubricants collaborated with the Dakar Rally race, where the company supplied its finest and high-performance lubricants to trucks in extreme conditions.

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 Commercial Vehicles

    2. 3.2 Regulatory Framework

      1. 3.2.1 Bulgaria

      2. 3.2.2 France

      3. 3.2.3 Germany

      4. 3.2.4 Italy

      5. 3.2.5 Norway

      6. 3.2.6 Poland

      7. 3.2.7 Russia

      8. 3.2.8 Spain

      9. 3.2.9 United Kingdom

    3. 3.3 Value Chain & Distribution Channel Analysis

  4. 4. Market Segmentation

    1. 4.1 By Product Type

      1. 4.1.1 Engine Oils

      2. 4.1.2 Greases

      3. 4.1.3 Hydraulic Fluids

      4. 4.1.4 Transmission Oils

    2. 4.2 By Country

      1. 4.2.1 Bulgaria

      2. 4.2.2 France

      3. 4.2.3 Germany

      4. 4.2.4 Italy

      5. 4.2.5 Norway

      6. 4.2.6 Poland

      7. 4.2.7 Russia

      8. 4.2.8 Spain

      9. 4.2.9 United Kingdom

      10. 4.2.10 Rest of Europe

  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 Eni SpA

      4. 5.3.4 ExxonMobil Corporation

      5. 5.3.5 FUCHS

      6. 5.3.6 Gazprom

      7. 5.3.7 LUKOIL

      8. 5.3.8 Repsol

      9. 5.3.9 Royal Dutch Shell Plc

      10. 5.3.10 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:  

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

    Figure 2:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, BY PRODUCT TYPE, 2015-2026

    Figure 3:  

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

    Figure 4:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, ENGINE OILS, 2015-2026

    Figure 5:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, ENGINE OILS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

    Figure 6:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, GREASES, 2015-2026

    Figure 7:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, GREASES, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

    Figure 8:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, HYDRAULIC FLUIDS, 2015-2026

    Figure 9:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, HYDRAULIC FLUIDS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

    Figure 10:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, TRANSMISSION OILS, 2015-2026

    Figure 11:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, TRANSMISSION OILS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

    Figure 12:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, BY COUNTRY, 2015-2026

    Figure 13:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME SHARE (%), BY COUNTRY, 2020

    Figure 14:  

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

    Figure 15:  

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

    Figure 16:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, FRANCE, 2015-2026

    Figure 17:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, FRANCE, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 18:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, GERMANY, 2015-2026

    Figure 19:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, GERMANY, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 20:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, ITALY, 2015-2026

    Figure 21:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, ITALY, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 22:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, NORWAY, 2015-2026

    Figure 23:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, NORWAY, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 24:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, POLAND, 2015-2026

    Figure 25:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, POLAND, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 26:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, RUSSIA, 2015-2026

    Figure 27:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, RUSSIA, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 28:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, SPAIN, 2015-2026

    Figure 29:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, SPAIN, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 30:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, UNITED KINGDOM, 2015-2026

    Figure 31:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, UNITED KINGDOM, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 32:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, REST OF EUROPE, 2015-2026

    Figure 33:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, REST OF EUROPE, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 34:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

    Figure 35:  

    EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

    Figure 36:  

    EUROPE COMMERCIAL VEHICLES 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 Europe Commercial Vehicles Lubricants Market market is studied from 2015 - 2026.

The Europe Commercial Vehicles Lubricants Market is at 1.29 billion liters in 2021 and is projected to register a CAGR of 1.68% to reach 1.40 billion liters in 2026. 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 country decreased by over 11% in terms of volume, compared to 2019.

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.

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.

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.

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.

BP PLC (Castrol),ExxonMobil Corporation,LUKOIL,Royal Dutch Shell Plc and TotalEnergies. are the major companies operating in Europe Commercial Vehicles Lubricants Market.