Spain Automotive Engine Oils Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2026

The Spain Automotive Engine Oils Market is segmented by Vehicle Type ( Commercial Vehicles, Motorcycles, Passenger Vehicles ) and by Product Grade

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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/passenger_vehicles/1629285650768_test~passenger_vehicles_passenger_vehicles.svg Largest Share by Vehicle Type: Commercial Vehicles
https://s3.mordorlabs.com/passenger_vehicles/1629285650768_test~passenger_vehicles_passenger_vehicles.svg Fastest Growing by Vehicle Type: Passenger Vehicles
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 2.15 %

Key Players

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Market Overview

The Spain Automotive Engine Oils Market is at 124.18 million liters in 2021 and is projected to register a CAGR of 2.15% to reach 138.11 million liters in 2026. In 2020, the COVID-19 outbreak led to social restrictions, significantly reducing the usage of existing vehicles. This factor elongated the service intervals for existing vehicles and affected domestic vehicle sales and production in the country, leading to a significant decline in engine oil consumption

  • Largest Segment by Vehicle Type - Commercial Vehicles : In Spain, the large engine sizes of commercial vehicles (CV)s have led to higher engine oil volumes. Thus, CVs form the major lubricant-consuming vehicle type in the country.
  • Fastest Segment by Vehicle Type - Passenger Vehicles : The increasing need to travel, adhering to social distancing norms, is likely to boost motorcycle sales since 2021, in turn, boosting engine oil consumption in Spain.

Scope of the Report

By Vehicle Type
Commercial Vehicles
Motorcycles
Passenger Vehicles

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Key Market Trends

Largest Segment By Vehicle Type : Commercial Vehicles

  • Prior to 2020, passenger vehicles accounted for the largest share of the automotive lubricant consumption volume among all vehicle types. In Spain, the demand for automotive engine oils increased at a CAGR of 2.14% during 2015-2019.
  • In 2020, the COVID-19 outbreak resulted in a major decline in the usage of the existing vehicle fleets in the country, in turn causing a drop in engine oil consumption levels at a rate of 12.50%, compared to 2019.
  • During 2021-2026, engine oil consumption is estimated to grow at a lower rate of 2.15%, as compared to other product types. The primary reason for the lower growth rate is engine downsizing, which is further decreasing the average engine oil volumes. Also, an increase in service intervals in the PV and CV segments due to the rising adoption of synthetic lubricants is expected to restrain the volume growth of engine oils in the coming years.

Competitive Landscape

The Spain Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 71.41%. The major players in this market are BP PLC (Castrol), CEPSA, Repsol, Royal Dutch Shell Plc 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 partnerships 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.
  • April 2021: Motul launched two engine oils, namely CLASSIC EIGHTIES 10W-40 and CLASSIC NINETIES 10W-30, for classic cars manufactured between the 1970s and 2000s.
  • March 2021: Castrol announced the launch of Castrol ON (a Castrol e-fluid range that includes e-gear oils, e-coolants, and e-greases) to its product portfolio. This range is specially designed for electric vehicles.

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 Grade

  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 CEPSA

      3. 5.3.3 Eni SpA

      4. 5.3.4 ExxonMobil Corporation

      5. 5.3.5 Galp Energia

      6. 5.3.6 Motul

      7. 5.3.7 Q8Oils

      8. 5.3.8 Repsol

      9. 5.3.9 Royal Dutch Shell Plc

      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:  

    VEHICLE POPULATION, NUMBER OF UNITS, SPAIN, 2015 - 2026

    Figure 2:  

    COMMERCIAL VEHICLES POPULATION, NUMBER OF UNITS, SPAIN, 2015 - 2026

    Figure 3:  

    MOTORCYCLES POPULATION, NUMBER OF UNITS, SPAIN, 2015 - 2026

    Figure 4:  

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

    Figure 5:  

    SPAIN AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, BY VEHICLE TYPE, 2015-2026

    Figure 6:  

    SPAIN AUTOMOTIVE ENGINE OILS MARKET, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

    Figure 7:  

    SPAIN AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, COMMERCIAL VEHICLES, 2015-2026

    Figure 8:  

    SPAIN AUTOMOTIVE ENGINE OILS MARKET, COMMERCIAL VEHICLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 9:  

    SPAIN AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, MOTORCYCLES, 2015-2026

    Figure 10:  

    SPAIN AUTOMOTIVE ENGINE OILS MARKET, MOTORCYCLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 11:  

    SPAIN AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, PASSENGER VEHICLES, 2015-2026

    Figure 12:  

    SPAIN AUTOMOTIVE ENGINE OILS MARKET, PASSENGER VEHICLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 13:  

    SPAIN AUTOMOTIVE ENGINE OILS MARKET, VOLUME SHARE (%), BY PRODUCT GRADE, 2020

    Figure 14:  

    SPAIN AUTOMOTIVE ENGINE OILS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

    Figure 15:  

    SPAIN AUTOMOTIVE ENGINE OILS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

    Figure 16:  

    SPAIN AUTOMOTIVE ENGINE OILS 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 Spain Automotive Engine Oils Market market is studied from 2015 - 2026.

The Spain Automotive Engine Oils Market is at 124.18 million liters in 2021 and is projected to register a CAGR of 2.15% to reach 138.11 million liters in 2026. In 2020, the COVID-19 outbreak led to social restrictions, significantly reducing the usage of existing vehicles. This factor elongated the service intervals for existing vehicles and affected domestic vehicle sales and production in the country, leading to a significant decline in engine oil consumption

In Spain, the large engine sizes of commercial vehicles (CV)s have led to higher engine oil volumes. Thus, CVs form the major lubricant-consuming vehicle type in the country.

The increasing need to travel, adhering to social distancing norms, is likely to boost motorcycle sales since 2021, in turn, boosting engine oil consumption in Spain.

BP PLC (Castrol),CEPSA,Repsol,Royal Dutch Shell Plc and TotalEnergies. are the major companies operating in Spain Automotive Engine Oils Market.