Global Passenger Vehicles Lubricants Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2027

The Global Passenger Vehicles Lubricants Market is segmented by Product Type ( Engine Oils, Greases, Hydraulic Fluids, Transmission & Gear Oils ) and by Region ( Africa, Asia-Pacific, Europe, Middle East, North America, South America )

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Market Snapshot

https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2015 - 2027
https://s3.mordorlabs.com/base%20year/1629296433432_test~base_year_base_year.svg Base Year: 2021
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 Region: Asia-Pacific
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: NaN %

Key Players

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5. CONVENIENCE

Market Overview

The Global Passenger Vehicles Lubricants Market stood at 11.33 billion liters in 2022 and is projected to register a CAGR of NaN% to reach NaN liters in 2027.

  • Largest Segment by Product Type - Engine Oils : Since it has high-temperature and high-pressure uses, engine oil is the most popular product type in the PV sector, with large volume needs and shorter drain intervals.
  • Fastest Segment by Product Type - Hydraulic Fluids : Transmission oil consumption is expected to be the highest among all product categories in the PV sector, as the penetration of automatic cars & used cars is expected to rise.
  • 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 - South America : The high expected growth rate of car parc in countries like Morocco combined with low penetration of synthetic oils is likely to drive PV lubricant consumption in Africa.

Scope of the Report

By Product Type
Engine Oils
Greases
Hydraulic Fluids
Transmission & Gear Oils
By Region
Africa
Egypt
Morocco
Nigeria
South Africa
Rest of Africa
Asia-Pacific
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
Europe
Bulgaria
France
Germany
Italy
Norway
Poland
Russia
Spain
United Kingdom
Rest of Europe
Middle East
Iran
Qatar
Saudi Arabia
Turkey
UAE
Rest of Middle East
North America
Canada
Mexico
United States
Rest of North America
South America
Argentina
Brazil
Colombia
Rest of South America

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Key Market Trends

Largest Segment By Product Type : Engine Oils

  • During 2015-2019, lubricant consumption in the global passenger vehicle (PV) sector increased at a CAGR of over 2.5%. Engine oil was the dominating lubricant product type in this sector, accounting for a share of nearly 80%, followed by transmission oils, which accounted for a share of 14.2%.
  • In 2020, post the COVID-19 outbreak, the usage of passenger cars significantly dropped due to the restrictions in response to the pandemic. As a result, lubricant consumption in this sector declined by nearly 11.8% compared to 2019.
  • The expected recovery in production and sales of new passenger vehicles is likely to drive lubricant consumption in this sector. As a result, PV lubricant consumption is expected to increase at a CAGR of about 4% during 2021-2026.

Largest Region : Asia-Pacific

  • By geography, lubricant consumption in passenger vehicles (PVs) was the highest in Asia-Pacific, accounting for 37.9% of the total PV lubricant consumption, followed by North America and Europe, which accounted for a share of 28.4% and 15.1%, respectively.
  • In 2020, the declined usage of the passenger vehicle fleet after the COVID-19 outbreak negatively affected PV lubricant consumption across the region. North America was the most affected as it recorded an 18.9% drop in consumption during 2019-2020, followed by Europe (an 18.6% drop).
  • During 2021-2026, Africa will likely be the fastest-growing PV lubricant market. The consumption is likely to record a CAGR of 5.69%, followed by Asia-Pacific and North America, which are expected to witness a CAGR of 5.15% and 3.14%, respectively.

Competitive Landscape

The Global Passenger Vehicles Lubricants Market is fragmented, with the top five companies occupying 38.91%. The major players in this market are BP PLC (Castrol), China National Petroleum Corporation, China Petroleum & Chemical Corporation, ExxonMobil Corporation and Royal Dutch Shell PLC (sorted alphabetically).

Recent Developments

  • December 2021: ExxonMobil introduced a line of synthetic engine oils, i.e., Mobil Super Pro, for SUVs in India.
  • September 2021: Shell partnered with ReadyAssist, a Bengaluru-based 24-hour roadside assistance firm, to provide a seamless oil changing service across the country. Customers can get a free lube change for their vehicles when they buy Shell lubricants through ReadyAssist, which will be accessible at up to 5,500 third-party retail outlets across the country.
  • September 2021: ExxonMobil launched the Mobil Super All-in-One Protection SUV Pro synthetic engine oil for SUVs.

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 Product Type

      1. 4.1.1 Engine Oils

      2. 4.1.2 Greases

      3. 4.1.3 Hydraulic Fluids

      4. 4.1.4 Transmission & Gear Oils

    2. 4.2 By Region

      1. 4.2.1 Africa

        1. 4.2.1.1 Egypt

        2. 4.2.1.2 Morocco

        3. 4.2.1.3 Nigeria

        4. 4.2.1.4 South Africa

        5. 4.2.1.5 Rest of Africa

      2. 4.2.2 Asia-Pacific

        1. 4.2.2.1 China

        2. 4.2.2.2 India

        3. 4.2.2.3 Indonesia

        4. 4.2.2.4 Japan

        5. 4.2.2.5 Malaysia

        6. 4.2.2.6 Philippines

        7. 4.2.2.7 Singapore

        8. 4.2.2.8 South Korea

        9. 4.2.2.9 Thailand

        10. 4.2.2.10 Vietnam

        11. 4.2.2.11 Rest of Asia-Pacific

      3. 4.2.3 Europe

        1. 4.2.3.1 Bulgaria

        2. 4.2.3.2 France

        3. 4.2.3.3 Germany

        4. 4.2.3.4 Italy

        5. 4.2.3.5 Norway

        6. 4.2.3.6 Poland

        7. 4.2.3.7 Russia

        8. 4.2.3.8 Spain

        9. 4.2.3.9 United Kingdom

        10. 4.2.3.10 Rest of Europe

      4. 4.2.4 Middle East

        1. 4.2.4.1 Iran

        2. 4.2.4.2 Qatar

        3. 4.2.4.3 Saudi Arabia

        4. 4.2.4.4 Turkey

        5. 4.2.4.5 UAE

        6. 4.2.4.6 Rest of Middle East

      5. 4.2.5 North America

        1. 4.2.5.1 Canada

        2. 4.2.5.2 Mexico

        3. 4.2.5.3 United States

        4. 4.2.5.4 Rest of North America

      6. 4.2.6 South America

        1. 4.2.6.1 Argentina

        2. 4.2.6.2 Brazil

        3. 4.2.6.3 Colombia

        4. 4.2.6.4 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 ExxonMobil Corporation

      6. 5.3.6 Idemitsu Kosan Co. Ltd

      7. 5.3.7 Phillips 66 Lubricants

      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

List of Tables & Figures

    Figure 1:  

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

    Figure 2:  

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

    Figure 3:  

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

    Figure 4:  

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

    Figure 5:  

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

    Figure 6:  

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

    Figure 7:  

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

    Figure 8:  

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

    Figure 9:  

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

    Figure 10:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, TRANSMISSION & GEAR OILS, 2015-2026

    Figure 11:  

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

    Figure 12:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, BY REGION, 2015-2026

    Figure 13:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME SHARE (%), BY REGION, 2020

    Figure 14:  

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

    Figure 15:  

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

    Figure 16:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, EGYPT, 2015-2026

    Figure 17:  

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

    Figure 18:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, MOROCCO, 2015-2026

    Figure 19:  

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

    Figure 20:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, NIGERIA, 2015-2026

    Figure 21:  

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

    Figure 22:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, SOUTH AFRICA, 2015-2026

    Figure 23:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, SOUTH AFRICA, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 24:  

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

    Figure 25:  

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

    Figure 26:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, ASIA-PACIFIC, BY COUNTRY, 2015-2026

    Figure 27:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME SHARE (%), ASIA-PACIFIC, BY COUNTRY, 2020

    Figure 28:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, CHINA, 2015-2026

    Figure 29:  

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

    Figure 30:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, INDIA, 2015-2026

    Figure 31:  

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

    Figure 32:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, INDONESIA, 2015-2026

    Figure 33:  

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

    Figure 34:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, JAPAN, 2015-2026

    Figure 35:  

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

    Figure 36:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, MALAYSIA, 2015-2026

    Figure 37:  

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

    Figure 38:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, PHILIPPINES, 2015-2026

    Figure 39:  

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

    Figure 40:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, SINGAPORE, 2015-2026

    Figure 41:  

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

    Figure 42:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, SOUTH KOREA, 2015-2026

    Figure 43:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, SOUTH KOREA, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 44:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, THAILAND, 2015-2026

    Figure 45:  

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

    Figure 46:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, VIETNAM, 2015-2026

    Figure 47:  

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

    Figure 48:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, REST OF ASIA-PACIFIC, 2015-2026

    Figure 49:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, REST OF ASIA-PACIFIC, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 50:  

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

    Figure 51:  

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

    Figure 52:  

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

    Figure 53:  

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

    Figure 54:  

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

    Figure 55:  

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

    Figure 56:  

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

    Figure 57:  

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

    Figure 58:  

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

    Figure 59:  

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

    Figure 60:  

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

    Figure 61:  

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

    Figure 62:  

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

    Figure 63:  

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

    Figure 64:  

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

    Figure 65:  

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

    Figure 66:  

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

    Figure 67:  

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

    Figure 68:  

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

    Figure 69:  

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

    Figure 70:  

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

    Figure 71:  

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

    Figure 72:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, MIDDLE EAST, BY COUNTRY, 2015-2026

    Figure 73:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME SHARE (%), MIDDLE EAST, BY COUNTRY, 2020

    Figure 74:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, IRAN, 2015-2026

    Figure 75:  

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

    Figure 76:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, QATAR, 2015-2026

    Figure 77:  

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

    Figure 78:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, SAUDI ARABIA, 2015-2026

    Figure 79:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, SAUDI ARABIA, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 80:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, TURKEY, 2015-2026

    Figure 81:  

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

    Figure 82:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, UAE, 2015-2026

    Figure 83:  

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

    Figure 84:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, REST OF MIDDLE EAST, 2015-2026

    Figure 85:  

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

    Figure 86:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, NORTH AMERICA, BY COUNTRY, 2015-2026

    Figure 87:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME SHARE (%), NORTH AMERICA, BY COUNTRY, 2020

    Figure 88:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, CANADA, 2015-2026

    Figure 89:  

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

    Figure 90:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, MEXICO, 2015-2026

    Figure 91:  

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

    Figure 92:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, UNITED STATES, 2015-2026

    Figure 93:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, UNITED STATES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 94:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, REST OF NORTH AMERICA, 2015-2026

    Figure 95:  

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

    Figure 96:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, SOUTH AMERICA, BY COUNTRY, 2015-2026

    Figure 97:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME SHARE (%), SOUTH AMERICA, BY COUNTRY, 2020

    Figure 98:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, ARGENTINA, 2015-2026

    Figure 99:  

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

    Figure 100:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, BRAZIL, 2015-2026

    Figure 101:  

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

    Figure 102:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, COLOMBIA, 2015-2026

    Figure 103:  

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

    Figure 104:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, REST OF SOUTH AMERICA, 2015-2026

    Figure 105:  

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

    Figure 106:  

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

    Figure 107:  

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

    Figure 108:  

    GLOBAL PASSENGER VEHICLES LUBRICANTS MARKET SHARE(%), BY MAJOR PLAYERS, 2020

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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Tables belong in spreadsheets. Like you, we also believe that spreadsheets are better suited for data evaluation. We don't clutter our reports with data tables. We provide an excel document with each report that contains all the data used to analyze the market.
03. Exhaustive Data
Tracking a million data points on the lubricants industry. Our constant market tracking covers over 1 million+ data points spanning 45 countries and over 150 companies just for the lubricants industry.

Frequently Asked Questions

The Global Passenger Vehicles Lubricants Market market is studied from 2015 - 2027.

The Global Passenger Vehicles Lubricants Market stood at 11.33 billion liters in 2022 and is projected to register a CAGR of NaN% to reach NaN liters in 2027.

Since it has high-temperature and high-pressure uses, engine oil is the most popular product type in the PV sector, with large volume needs and shorter drain intervals.

Transmission oil consumption is expected to be the highest among all product categories in the PV sector, as the penetration of automatic cars & used cars is expected to rise.

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.

The high expected growth rate of car parc in countries like Morocco combined with low penetration of synthetic oils is likely to drive PV lubricant consumption in Africa.

BP PLC (Castrol),China National Petroleum Corporation,China Petroleum & Chemical Corporation,ExxonMobil Corporation and Royal Dutch Shell PLC. are the major companies operating in Global Passenger Vehicles Lubricants Market.