Market Trends of United Kingdom Automotive Lubricants Industry
This section covers the major market trends shaping the UK Automotive Lubricants Market according to our research experts:
Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Passenger Vehicles</span>
- Among all vehicle types, passenger vehicles accounted for about 84.21% of the total number of on-road vehicles in 2020, with the highest demand for lubricants in the United Kingdom. In 2020, they accounted for 73.18% of the total lubricant consumption volume.
- In 2020, the Motorcycle Industry Association (MCIA) reported a record number of first-time riders undertaking compulsory basic training courses to ride 125cc motorcycles and scooters. This trend was majorly triggered by the need to avoid public transport. Over the forecast period, motorcycles are likely to be the fastest-growing vehicle segment in terms of lubricant consumption, with a CAGR of about 2.96%.
- The commercial vehicles segment is likely to record the second highest CAGR of 2.44% in terms of lubricant consumption, with an expected recovery in sales and investments to develop new vehicles over the forecast period.
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