Automotive Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2026)

The Report Covers Automotive Lubricants Manufacturers and the Market is segmented by Vehicle Type (Commercial Vehicles, Motorcycles, Passenger Vehicles), by Product Type (Engine Oils, Greases, Hydraulic Fluids, Transmission & Gear Oils) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America)

Automotive Lubricants Market Size

Global Automotive Lubricants Market
Study Period 2015 - 2026
Base Year For Estimation 2020
Market Volume (2024) 22.30 Billion Liters
Market Volume (2026) 23.72 Billion Liters
CAGR (2024 - 2026) 3.13 %
Market Concentration High

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Automotive Lubricants Market Analysis

The Global Automotive Lubricants Market size is estimated at 22.30 Billion Liters in 2024, and is expected to reach 23.72 Billion Liters by 2026, growing at a CAGR of 3.13% during the forecast period (2024-2026).

  • Largest Segment by Vehicle Type - Passenger Vehicles : The large fleet size of passenger vehicles across the globe has resulted in this sector accounting for the highest lubricant consumption among all the different vehicle types.
  • Fastest Segment by Vehicle Type - Motorcycles : The sales boost for motorcycles in several countries despite the COVID-19 pandemic is likely to continue and boost the lubricant consumption by the sector in the future.
  • Largest Regional Market - Asia-Pacific : Asia-Pacific is home to countries with large vehicle fleets like China, India & Indonesia. As a result, lubricant consumption by this sector was highest in Asia-Pacific.
  • Fastest Growing Regional Market - Asia-Pacific : The low penetration of synthetic lubricants and expected high growth rates of vehicle population in countries like India are likely to drive lubricant consumption in APAC.

Automotive Lubricants Market Trends

This section covers the major market trends shaping the Automotive Lubricants Market according to our research experts:

Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Passenger Vehicles</span>

  • In the global automotive industry, the passenger vehicles (PV) segment accounted for almost 55.1% share in the total number of on-road vehicles during 2020, followed by motorcycles and passenger vehicles with 34.7% and 10.1% shares, respectively.
  • The passenger vehicles segment accounted for the highest share of 53.6% in the total automotive lubricant volume consumption in 2020, followed by the commercial vehicles segment that accounted for a share of 37.3%. During the same year, travel restrictions to curb COVID-19 significantly affected the usage of these vehicles and their lubricant consumption.
  • During 2021-2026, lubricant consumption by the motorcycles segment is expected to witness the highest CAGR growth, amounting to 5.06%. The growing motorcycle sales combined with the easing down of COVID-19 pandemic-related travel restrictions are likely to be the key factors driving this trend.
Global Automotive Lubricants Market

Largest Region : <span style="font-family: 'regular_bold';color:#0e7db3;">Asia-Pacific</span>

  • Consumption of automotive lubricants is dominated by Asia-Pacific, North America, and Europe. In 2020, Asia-Pacific accounted for about 43% of the total automotive lubricant consumption globally, while North America and Europe accounted for a share of around 20% and 14.8%, respectively.
  • The COVID-19 outbreak in 2020 significantly affected automotive lubricant consumption in many countries worldwide. North America was the most affected, with a 17.4% drop, during 2019-2020. Africa was the least affected, with a 4.7% drop in its automotive lubricant consumption.
  • During 2021-2026, Asia-Pacific is likely to be the fastest-growing lubricant market, as the consumption is likely to increase at a CAGR of 4.89%, followed by Africa and the Middle East, which are expected to record a CAGR of 4.13% and 3.22%, respectively.
Global Automotive Lubricants Market

Automotive Lubricants Industry Overview

The Global Automotive Lubricants Market is moderately consolidated, with the top five companies occupying 40.21%. The major players in this market are BP PLC (Castrol), China National Petroleum Corporation, Exxon Mobil Corporation, Royal Dutch Shell PLC and TotalEnergies (sorted alphabetically).

Automotive Lubricants Market Leaders

  1. BP PLC (Castrol)

  2. China National Petroleum Corporation

  3. Exxon Mobil Corporation

  4. Royal Dutch Shell PLC

  5. TotalEnergies

*Disclaimer: Major Players sorted in no particular order

Global Automotive Lubricants Market
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Automotive Lubricants Market News

  • March 2022: FUCHS company introduced Maintain Fricofin and Titan GT1 Flex small pack lubricants for automotive applications.
  • January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
  • December 2021: ExxonMobil introduced a line of synthetic engine oils, i.e., Mobil Super Pro, for SUVs in India.

Automotive Lubricants Market Report - 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

    2. 3.2 Regulatory Framework

    3. 3.3 Value Chain & Distribution Channel Analysis

  4. 4. Market Segmentation

    1. 4.1 By Vehicle Type

      1. 4.1.1 Commercial Vehicles

      2. 4.1.2 Motorcycles

      3. 4.1.3 Passenger Vehicles

    2. 4.2 By Product Type

      1. 4.2.1 Engine Oils

      2. 4.2.2 Greases

      3. 4.2.3 Hydraulic Fluids

      4. 4.2.4 Transmission & Gear Oils

    3. 4.3 By Region

      1. 4.3.1 Africa

        1. Egypt

        2. Morocco

        3. Nigeria

        4. South Africa

        5. Rest of Africa

      2. 4.3.2 Asia-Pacific

        1. China

        2. India

        3. Indonesia

        4. Japan

        5. Malaysia

        6. Philippines

        7. Singapore

        8. South Korea

        9. Thailand

        10. Vietnam

        11. Rest of Asia-Pacific

      3. 4.3.3 Europe

        1. Bulgaria

        2. France

        3. Germany

        4. Italy

        5. Norway

        6. Poland

        7. Russia

        8. Spain

        9. United Kingdom

        10. Rest of Europe

      4. 4.3.4 Middle East

        1. Iran

        2. Qatar

        3. Saudi Arabia

        4. Turkey

        5. UAE

        6. Rest of Middle East

      5. 4.3.5 North America

        1. Canada

        2. Mexico

        3. United States

        4. Rest of North America

      6. 4.3.6 South America

        1. Argentina

        2. Brazil

        3. Colombia

        4. Rest of South America

  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 China National Petroleum Corporation

      4. 5.3.4 China Petroleum & Chemical Corporation

      5. 5.3.5 Exxon Mobil Corporation

      6. 5.3.6 FUCHS

      7. 5.3.7 Idemitsu Kosan Co. Ltd

      8. 5.3.8 Royal Dutch Shell PLC

      9. 5.3.9 TotalEnergies

      10. 5.3.10 Valvoline Inc.

  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

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Automotive Lubricants Industry Segmentation

By Vehicle Type
Commercial Vehicles
Passenger Vehicles
By Product Type
Engine Oils
Hydraulic Fluids
Transmission & Gear Oils
By Region
South Africa
Rest of Africa
South Korea
Rest of Asia-Pacific
United Kingdom
Rest of Europe
Middle East
Saudi Arabia
Rest of Middle East
North America
United States
Rest of North America
South America
Rest of South America
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Automotive Lubricants Market Research FAQs

The Global Automotive Lubricants Market size is expected to reach 22.30 billion Liters in 2024 and grow at a CAGR of 3.13% to reach 23.72 billion Liters by 2026.

In 2024, the Global Automotive Lubricants Market size is expected to reach 22.30 billion Liters.

BP PLC (Castrol), China National Petroleum Corporation, Exxon Mobil Corporation, Royal Dutch Shell PLC and TotalEnergies are the major companies operating in the Global Automotive Lubricants Market.

In the Global Automotive Lubricants Market, the Passenger Vehicles segment accounts for the largest share by vehicle type.

In 2024, Asia-Pacific accounts for the largest share by region in the Global Automotive Lubricants Market.

In 2023, the Global Automotive Lubricants Market size was estimated at 21.56 billion Liters. The report covers the Global Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Automotive Lubricants Market size for years: 2024, 2025 and 2026.

Automotive Lubricants Industry Report

Statistics for the 2024 Automotive Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Lubricants analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Automotive Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2026)