Europe Commercial Vehicles Lubricants Industry Overview
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Study Period: | 2015 - 2026 |
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Largest Share by Product Type: | Engine Oils |
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Largest Share by Country: | Russia |
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CAGR: | 1.68 % |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Commercial Vehicles Lubricants Market Analysis
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 & 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 Vehicles Lubricants Industry Segments
| 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 Vehicles 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.
To understand key trends, Download Sample Report
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.
To understand geography trends, Download Sample Report
Europe Commercial Vehicles Lubricants Market Competitor Analysis
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 Vehicles Lubricants Market Top Players
BP PLC (Castrol)
ExxonMobil Corporation
LUKOIL
Royal Dutch Shell Plc
TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Europe Commercial Vehicles Lubricants Market Recent Developments
- 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 Vehicles 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
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 & GEAR OILS, 2015-2026
Figure 11:
EUROPE COMMERCIAL VEHICLES LUBRICANTS MARKET, TRANSMISSION & GEAR 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 - Commercial Vehicles are considered under the commercial vehicle lubricants market.
- Product Types - For the purpose of this study, lubricant products such as engine oils, transmission & gear oils, hydraulic fluids and greases are taken into consideration.
- Service Refill - Service/maintenance refill is considered while accounting the lubricant consumption for commercial vehicles, under the study.
- Factory Fill - First lubricant fill-ups for newly produced commercial vehicles are considered under the study.
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
