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

The Europe Passenger 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: Germany
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 3.14 %

Key Players

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Market Overview

The Europe Passenger Vehicles Lubricants Market is at 1.62 billion liters in 2021 and is projected to register a CAGR of 3.14% to reach 1.89 billion liters in 2026. In 2020, the COVID-19 pandemic has resulted in a significant decline in the Europe passenger vehicle sales. Reduced travel needs because of social restrictions and low incentives for the dealers to move vehicles have been the key challenges of this market segment. However, unlike the traditional fuel-based vehicles, electric cars have witnessed a surge in their sales during this period due to changing consumer preferences and growing government regulations.

  • 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 : Post 2020, the increase in the usage, production, and sales of passenger vehicles in the country is expected to drive the transmission oil demand during the forecast period.
  • Leading Market Players - Germany : Germany holds the largest share in the passenger vehicle lubricants market in Europe, owing to the large number of active cars and huge production capacities in the country.
  • Leading Market Players - Russia : The sales recovery of new vehicles and the increasing demand for imported vehicles are projected to drive the Russian passenger vehicle lubricants market in the coming years.

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

  • During 2015-2019, lubricant consumption in the European passenger vehicle sector increased at a CAGR of 1.21%. This growth is due to the rise in active passenger vehicle fleets and their maintenance requirements. Additionally, the high average age of vehicles in countries like Russia has been a driving factor for lubricant consumption.
  • In 2020, post the COVID-19 outbreak, the usage of passenger cars significantly dropped due to the restrictions put in place as a response to the pandemic. Hence, lubricant consumption fell by 18.6% compared to 2019.
  • The supply shortage of semiconductors and the ongoing pandemic are likely to restrict the growth of lubricant consumption in passenger vehicles in Europe in 2021 and 2022. Expected recovery in sales and production of new vehicles are likely to support the demand for lubricants of passenger vehicles in the coming years.

Largest Country : Germany

  • In Europe, passenger vehicles' (PV) lubricant consumption is the highest in Germany, followed by Russia. In 2020, Germany accounted for 17.61% of the total PVs' lubricant consumption in Europe. The country also accounted for the largest shares in grease, hydraulic fluid, and transmission oil consumption, occupying 15.56%, 16.06%, and 20.51%, respectively, in 2020.
  • Russia recorded the largest volume share of 18.63% in the European passenger vehicle engine oils market in 2020. However, in 2020, the COVID-19 outbreak and subsequent social restrictions significantly impacted vehicle production and European sales.
  • Uncertainties caused by consequent COVID-19 waves and production issues due to semiconductor shortage are expected to reduce the pace of sales recovery. However, the automotive sector is likely to grow from 2022, projecting a CAGR of 3.14% for the European PV lubricants market.

Competitive Landscape

The Europe Passenger Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 53.61%. The major players in this market are BP PLC (Castrol), Exxon Mobil Corporation, LUKOIL, Royal Dutch Shell and TotalEnergies (sorted alphabetically).

Major Players

*Disclaimer: Major Players are sorted alphabetically

Recent Developments

  • June 2021: TotalEnergies and Stellantis group renewed their partnership for cooperation across different segments. Along with the renewal of partnerhips with Peugeot, Citroën, and DS Automobiles, the new collaboration extends to Opel, and Vauxhall as well. This partnership includes the development and innovation of lubricants, first-fill in Stellantis group vehicles, recommendation of Quartz lubricants, and shared usage of charging stations operated by TotalEnergies, among others.
  • June 2021: Champion Lubricants formed a partnership with FIA World Rallycross Championship, where the company is expected to provide its lubricant products until 2021.
  • May 2021: ExxonMobil and Innio entered a long-term partnership agreement for Innio's Jenbacher Series 2, 3, 4, 6, and 9 natural gas engines. This partnership is designed to expand Innio's involvement with ExxonMobil in the development of lubricants.

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 Passenger 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 Exxon Mobil Corporation

      4. 5.3.4 FUCHS

      5. 5.3.5 Gazprom

      6. 5.3.6 LUKOIL

      7. 5.3.7 PETRONAS Lubricants International

      8. 5.3.8 Rosneft

      9. 5.3.9 Royal Dutch Shell

      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:  

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

    Figure 2:  

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

    Figure 3:  

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

    Figure 4:  

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

    Figure 5:  

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

    Figure 6:  

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

    Figure 7:  

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

    Figure 8:  

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

    Figure 9:  

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

    Figure 10:  

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

    Figure 11:  

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

    Figure 12:  

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

    Figure 13:  

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

    Figure 14:  

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

    Figure 15:  

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

    Figure 16:  

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

    Figure 17:  

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

    Figure 18:  

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

    Figure 19:  

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

    Figure 20:  

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

    Figure 21:  

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

    Figure 22:  

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

    Figure 23:  

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

    Figure 24:  

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

    Figure 25:  

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

    Figure 26:  

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

    Figure 27:  

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

    Figure 28:  

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

    Figure 29:  

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

    Figure 30:  

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

    Figure 31:  

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

    Figure 32:  

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

    Figure 33:  

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

    Figure 34:  

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

    Figure 35:  

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

    Figure 36:  

    EUROPE PASSENGER 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 Passenger Vehicles Lubricants Market market is studied from 2015 - 2026.

The Europe Passenger Vehicles Lubricants Market is at 1.62 billion liters in 2021 and is projected to register a CAGR of 3.14% to reach 1.89 billion liters in 2026. In 2020, the COVID-19 pandemic has resulted in a significant decline in the Europe passenger vehicle sales. Reduced travel needs because of social restrictions and low incentives for the dealers to move vehicles have been the key challenges of this market segment. However, unlike the traditional fuel-based vehicles, electric cars have witnessed a surge in their sales during this period due to changing consumer preferences and growing government regulations.

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.

Post 2020, the increase in the usage, production, and sales of passenger vehicles in the country is expected to drive the transmission oil demand during the forecast period.

Germany holds the largest share in the passenger vehicle lubricants market in Europe, owing to the large number of active cars and huge production capacities in the country.

The sales recovery of new vehicles and the increasing demand for imported vehicles are projected to drive the Russian passenger vehicle lubricants market in the coming years.

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