Europe Lubricants Market Size
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Study Period: | 2015 - 2026 |
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Largest Share by End User: | Automotive |
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Largest Share by Country: | Russia |
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CAGR: | 2.30 % |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Lubricants Market Analysis
The Europe Lubricants Market stood at 5.83 billion liters in 2021 and is projected to register a CAGR of 2.30% to reach 6.53 billion liters in 2026.
- Largest Segment by End-user Industry - Automotive : Due to the high volume of engine and gear oil used in motor vehicles compared to any other industrial application, automotive was the largest end user among all categories.
- Fastest Segment by End-user Industry - Power Generation : Due to the rising demand for energy from wind turbines and a steep drop in wind turbine installation costs, power generation is Europe's fastest-growing lubricants’ end user.
- Largest Country Market - Russia : Germany is the largest lubricant user in Europe, with a higher number of motor vehicles, wind turbines, and industrial machinery than any other country in the region.
- Fastest Growing Country Market - France : Due to increases in end users of renewable power & electric vehicle penetration, France is the fastest growing in terms of lubricant consumption among all European countries.
Europe Lubricants Industry Segmentation
| By End User | |
| Automotive | |
| Heavy Equipment | |
| Metallurgy & Metalworking | |
| Power Generation | |
| Other End-user Industries |
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Metalworking Fluids | |
| Transmission & Gear Oils | |
| Other Product Types |
| By Country | |
| France | |
| Germany | |
| Italy | |
| Russia | |
| Spain | |
| United Kingdom | |
| Rest of Europe |
Europe Lubricants Market Trends
This section covers the major market trends shaping the Europe Lubricants Market according to our research experts:
Largest Segment By End User : Automotive
- In 2020, the European lubricant market was dominated by the automotive industry, which accounted for around 49% of the total lubricant consumption in the region. In 2015-2019, lubricant consumption in the automotive industry increased by around 3.5%.
- In 2020, COVID-19-related restrictions led to declined maintenance requirements from several industries. The major impact was observed in the automotive industry, which recorded a dip of 15.7%, followed by heavy equipment (11.45%) during 2019-2020.
- Power generation is likely to be the fastest-growing end-user industry in the market studied, with a CAGR of 2.54% over the period 2021-2026, followed by automotive (2.49%). In Europe, the expanding power generation capacity, especially renewables capacity, is likely to drive the consumption of lubricants in the power generation industry.
To understand key trends, Download Sample Report
Largest Country : Russia
- In 2020, Russia was the leading consumer of lubricants in the European region, accounting for around 20% of the total lubricant consumption. During 2015-2019, lubricant consumption in Russia increased by around 9%, higher than most countries in the region.
- In 2020, the COVID-19 pandemic restrained operations of several sectors, thereby restraining lubricant consumption across the European region. Germany was the most affected with a 13.6% drop in its lubricant consumption during 2019-2020, followed by France with a 13.4% drop.
- France is likely to be the fastest-growing lubricant market during 2021-2026, exhibiting a CAGR of 2.33%, closely followed by Russia (2.32%). The expected recovery in automotive production and sales in France is likely to drive the growth of lubricant consumption in the country.
To understand geography trends, Download Sample Report
Europe Lubricants Industry Overview
The Europe Lubricants Market is moderately consolidated, with the top five companies occupying 40.14%. The major players in this market are BP Plc (Castrol), ExxonMobil Corporation, Lukoil, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).
Europe Lubricants Market Leaders
BP Plc (Castrol)
ExxonMobil Corporation
Lukoil
Royal Dutch Shell Plc
TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Europe Lubricants Market News
- May 2022: TotalEnergies, NEXUS Automotive Extend Strategic Partnership for a period of five years. As part of this partnership, TotalEnergies Lubricants will be expanding its presence in the burgeoning N! community, which has seen rapid growth in sales from EUR 7.2 billion in 2015 to nearly EUR 35 billion by the end of 2021.
- March 2022: ExxonMobil Corporation company has appointed Jay Hooley as lead managing director of the company.
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines – ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
Europe 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. Manufacturing Industry Trends
3.3. Power Generation Industry Trends
3.4. Regulatory Framework
3.5. Value Chain & Distribution Channel Analysis
4. Market Segmentation
4.1. By End User
4.1.1. Automotive
4.1.2. Heavy Equipment
4.1.3. Metallurgy & Metalworking
4.1.4. Power Generation
4.1.5. Other End-user Industries
4.2. By Product Type
4.2.1. Engine Oils
4.2.2. Greases
4.2.3. Hydraulic Fluids
4.2.4. Metalworking Fluids
4.2.5. Transmission & Gear Oils
4.2.6. Other Product Types
4.3. By Country
4.3.1. France
4.3.2. Germany
4.3.3. Italy
4.3.4. Russia
4.3.5. Spain
4.3.6. United Kingdom
4.3.7. 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. Rosneft
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:
VEHICLE POPULATION, NUMBER OF UNITS, EUROPE, 2015 - 2026
Figure 2:
COMMERCIAL VEHICLES POPULATION, NUMBER OF UNITS, EUROPE, 2015 - 2026
Figure 3:
MOTORCYCLES POPULATION, NUMBER OF UNITS, EUROPE, 2015 - 2026
Figure 4:
PASSENGER VEHICLES POPULATION, NUMBER OF UNITS, EUROPE, 2015 - 2026
Figure 5:
MANUFACTURING VALUE ADDED, USD BILLION (CURRENT VALUE), EUROPE, 2015 - 2020
Figure 6:
POWER GENERATION CAPACITY, GIGAWATT (GW), EUROPE, 2015 - 2020
Figure 7:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, BY END USER, 2015-2026
Figure 8:
EUROPE LUBRICANTS MARKET, VOLUME SHARE (%), BY END USER, 2020
Figure 9:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, AUTOMOTIVE, 2015-2026
Figure 10:
EUROPE LUBRICANTS MARKET, AUTOMOTIVE, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 11:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, HEAVY EQUIPMENT, 2015-2026
Figure 12:
EUROPE LUBRICANTS MARKET, HEAVY EQUIPMENT, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 13:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, METALLURGY & METALWORKING, 2015-2026
Figure 14:
EUROPE LUBRICANTS MARKET, METALLURGY & METALWORKING, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 15:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, POWER GENERATION, 2015-2026
Figure 16:
EUROPE LUBRICANTS MARKET, POWER GENERATION, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 17:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, OTHER END-USER INDUSTRIES, 2015-2026
Figure 18:
EUROPE LUBRICANTS MARKET, OTHER END-USER INDUSTRIES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 19:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, BY PRODUCT TYPE, 2015-2026
Figure 20:
EUROPE LUBRICANTS MARKET, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 21:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, ENGINE OILS, 2015-2026
Figure 22:
EUROPE LUBRICANTS MARKET, ENGINE OILS, VOLUME SHARE (%), BY END USER, 2020
Figure 23:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, GREASES, 2015-2026
Figure 24:
EUROPE LUBRICANTS MARKET, GREASES, VOLUME SHARE (%), BY END USER, 2020
Figure 25:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, HYDRAULIC FLUIDS, 2015-2026
Figure 26:
EUROPE LUBRICANTS MARKET, HYDRAULIC FLUIDS, VOLUME SHARE (%), BY END USER, 2020
Figure 27:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, METALWORKING FLUIDS, 2015-2026
Figure 28:
EUROPE LUBRICANTS MARKET, METALWORKING FLUIDS, VOLUME SHARE (%), BY END USER, 2020
Figure 29:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, TRANSMISSION & GEAR OILS, 2015-2026
Figure 30:
EUROPE LUBRICANTS MARKET, TRANSMISSION & GEAR OILS, VOLUME SHARE (%), BY END USER, 2020
Figure 31:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, OTHER PRODUCT TYPES, 2015-2026
Figure 32:
EUROPE LUBRICANTS MARKET, OTHER PRODUCT TYPES, VOLUME SHARE (%), BY END USER, 2020
Figure 33:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, BY COUNTRY, 2015-2026
Figure 34:
EUROPE LUBRICANTS MARKET, VOLUME SHARE (%), BY COUNTRY, 2020
Figure 35:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, FRANCE, 2015-2026
Figure 36:
EUROPE LUBRICANTS MARKET, FRANCE, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 37:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, GERMANY, 2015-2026
Figure 38:
EUROPE LUBRICANTS MARKET, GERMANY, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 39:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, ITALY, 2015-2026
Figure 40:
EUROPE LUBRICANTS MARKET, ITALY, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 41:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, RUSSIA, 2015-2026
Figure 42:
EUROPE LUBRICANTS MARKET, RUSSIA, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 43:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, SPAIN, 2015-2026
Figure 44:
EUROPE LUBRICANTS MARKET, SPAIN, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 45:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, UNITED KINGDOM, 2015-2026
Figure 46:
EUROPE LUBRICANTS MARKET, UNITED KINGDOM, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 47:
EUROPE LUBRICANTS MARKET, VOLUME IN LITERS, REST OF EUROPE, 2015-2026
Figure 48:
EUROPE LUBRICANTS MARKET, REST OF EUROPE, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 49:
EUROPE LUBRICANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
Figure 50:
EUROPE LUBRICANTS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
Figure 51:
EUROPE LUBRICANTS MARKET SHARE(%), BY MAJOR PLAYERS, 2020
Market Definition
- Vehicle Types and Industrial Equipment - Automotive (Passenger Vehicles, Commercial Vehicles and Motorcycles), Power Generation, Heavy Equipment, Metallurgy & Metalworking and Other End-user Industries (Marine, Aviation etc.) are considered under the lubricants market.
- Product Types - For the purpose of this study, lubricant products such as engine oils, transmission & gear oils, hydraulic fluids, metalworking fluids, and greases are taken into consideration.
- Service Refill - Service/maintenance refill is considered while accounting the lubricant consumption for each of the vehicle and equipment, under the study.
- Factory Fill - First lubricant fill-ups for newly produced vehicles and industrial equipment 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
