Europe Commercial Vehicles Lubricants Market Size

Statistics for the 2023 & 2024 Europe Commercial Vehicles Lubricants market size, created by Mordor Intelligence™ Industry Reports. Europe Commercial Vehicles Lubricants size report includes a market forecast to 202 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Europe Commercial Vehicles Lubricants Industry

market snapshot grapgh
Study Period 2015 - 2026
Base Year For Estimation 2020
Market Volume (2024) 1.37 Billion Liters
Market Volume (2026) 1.40 Billion Liters
CAGR (2024 - 2026) 1.09 %
Market Concentration High

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Europe Commercial Vehicle Lubricants Market Analysis

The Europe Commercial Vehicles Lubricants Market size is estimated at 1.37 Billion Liters in 2024, and is expected to reach 1.40 Billion Liters by 2026, growing at a CAGR of 1.09% during the forecast period (2024-2026).

  • 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 Vehicle Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026