Europe Automotive Lubricants Market, By Type (Engine Oil, Transmission Fluid, Gear Oil, Brake Fluid, Other Lubricants); By Vehicle Type (Passenger Cars, Commercial Vehicles, Heavy Duty Vehicles); By End User (OEMs, Distributors, Retail); By Country (Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, Netherlands, Rest of Europe), Competitive Landscape & Forecast, 2019–2029
- Published Date: October 2023
- Report ID: BWC23837
- Available Format: PDF
- Page: 200
Report Overview
Increasing vehicle ownership, stringent emission regulations necessitating advanced lubricants, growing demand for fuel-efficient and electric vehicles, robust automotive industry, and a focus on sustainability and technological advancements in lubricant formulations are expected to drive the Europe Automotive Lubricants Market during the forecast period between 2023 and 2029.
Europe Automotive Lubricants Market – Industry Trends & Forecast Report, 2029
Europe automotive lubricants market size was estimated at USD 14.86 billion in 2022. During the forecast period between 2023 and 2029, the size of Europe automotive lubricants market is projected to grow at a CAGR of 1.9% reaching a value of USD 16.95 billion by 2029. The growth of the Europe automotive lubricants market is primarily driven by several key factors. The expanding automotive industry in the region, coupled with the increasing production of vehicles, fuels the demand for lubricants. Also, stringent environmental regulations and the need for improved fuel efficiency are prompting the adoption of advanced lubricants. Technological advancements in lubricant formulations and the shift toward electric vehicles are also contributing to market growth. Further, rising consumer awareness about the importance of regular vehicle maintenance for prolonged lifespan and performance enhancement is bolstering the demand for automotive lubricants across Europe.
Europe Automotive Lubricants Market - Overview
Automotive lubricants are essential fluids used to reduce friction and heat in vehicle engines and mechanical components, ensuring smooth operation and prolonging the lifespan of critical parts. They come in various forms, including engine oils, transmission fluids, and grease, each designed for specific applications. These lubricants create a protective barrier between moving parts, preventing wear and tear, corrosion, and overheating. They also aid in maintaining fuel efficiency and reducing emissions by minimizing energy loss due to friction. Proper selection and regular maintenance of automotive lubricants are vital for the optimal performance and longevity of vehicles, contributing to overall vehicle reliability and environmental sustainability.
Growth Drivers
Rising Adoption of Electric Vehicles
The transition towards electric vehicles (EVs) is a significant growth driver for the Europe automotive lubricants market. As the automotive industry increasingly shifts toward cleaner and more sustainable transportation solutions, the demand for lubricants tailored for EV components, such as electric motors and batteries, has surged. These specialized lubricants ensure optimal performance, efficiency, and longevity of EV components, boosting their adoption among consumers. Also, the continued growth of traditional internal combustion engine vehicles contributes to the market's expansion, as they require regular lubrication maintenance. Overall, the Europe automotive lubricants market benefits from the evolving automotive landscape and the unique lubrication needs of modern vehicles.
Restraints
Regulatory Hurdles
The Europe automotive lubricants market faces a significant restraint in the form of stringent regulatory requirements. European Union regulations, such as emissions standards and environmental mandates, demand eco-friendly and low-emission lubricants. Complying with these regulations necessitates expensive research and development efforts, impacting profit margins for lubricant manufacturers. Also, the diverse regulatory landscape across European countries leads to a complex and costly compliance process. These challenges pose hurdles for market players looking to innovate and adapt swiftly to meet evolving environmental standards, thus impeding the overall growth potential of the industry.
Impact of COVID-19 on Europe Automotive Lubricants Market
The COVID-19 pandemic significantly impacted the Europe automotive lubricants market. Lockdowns, supply chain disruptions, and reduced vehicle usage resulted in a temporary decline in demand for lubricants in the automotive sector. However, as economic activities gradually resumed, the market began to recover, driven by increased maintenance and servicing needs as well as a growing focus on vehicle performance and efficiency. The pandemic also accelerated the adoption of online sales channels and digital solutions for product distribution and customer engagement, shaping the market's future dynamics with a stronger emphasis on e-commerce and sustainability.
Europe Automotive Lubricants Market
Segmental Coverage
Europe Automotive Lubricants Market – By Type
Based on type, Europe automotive lubricants market is divided into Engine Oil, Transmission Fluid, Gear Oil, Brake Fluid, and Other Lubricants segments. Engine oil typically stands out as the largest lubricant type segment, due to its critical role in maintaining engine performance and longevity. Engine oil is essential for reducing friction, cooling, and protecting engine components, making it a fundamental product in the automotive lubricants market. The segment's significance is driven by the continuous demand for engine maintenance and the substantial number of vehicles on European roads, emphasizing the pivotal role of Engine Oil in the region's automotive lubricants industry.
Europe Automotive Lubricants Market – By Vehicle Type
By vehicle type, Europe automotive lubricants market is segmented into Passenger Cars, Commercial Vehicles, and Heavy Duty Vehicles. The passenger cars segment is the largest in the European automotive lubricants market by vehicle type. The segment encompasses a wide range of vehicles used for personal transportation, including sedans, hatchbacks, and SUVs. Passenger cars have a significant presence on European roads, contributing to a substantial demand for automotive lubricants. Commercial Vehicles, which include trucks and vans used for business purposes, represent another important segment. Heavy-duty Vehicles, such as buses and large trucks, form a smaller but still notable portion of the market. However, it is the passenger cars segment that dominates the Europe automotive lubricants market, due to the sheer volume of these vehicles on European roads.
Europe Automotive Lubricants Market – By End User
By end user, Europe automotive lubricants market is divided into OEMs, Distributors, and Retail segments. The OEM (Original Equipment Manufacturer) segment is the largest end user in the Europe automotive lubricants market. OEMs are the companies responsible for producing and supplying lubricants directly to automobile manufacturers for use in the production of vehicles. The segment holds a dominant position in the market due to its direct involvement in the automotive industry's supply chain. It plays a critical role in ensuring that vehicles are equipped with the necessary lubricants for optimal performance. Distributors and retail segments, while important, typically serve as intermediaries between manufacturers and end consumers, making the OEM segment the most significant player in this market.
Europe Automotive Lubricants Market – By Country
Geographically, Europe automotive lubricants market is divided into Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, the Netherlands, and Rest of Europe. The largest region in the Europe automotive lubricants market is Germany. The country stands out as a significant player in this market, boasting a robust automotive industry and a high demand for lubricants. Its well-established automotive manufacturing sector, including renowned global automobile brands, such as Volkswagen, BMW, and Mercedes-Benz, contributes significantly to the consumption of lubricants. Also, Germany's strong emphasis on automotive research and development further bolsters the demand for high-quality lubricants. While other countries in Europe also have substantial automotive sectors, Germany's dominance in terms of market size and consumption solidifies its position as the largest segment in the Europe automotive lubricants market.
Competitive Landscape
Major players in the Europe automotive lubricants market include BP PLC (Castrol), ExxonMobil Corporation, LUKOIL, Royal Dutch Shell Plc, and TotalEnergies. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.
Recent Developments
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In April 2022 - ExxonMobil Corporation was organized along three business lines – ExxonMobil Upstream Company, ExxonMobil Product Solutions, and ExxonMobil Low Carbon Solutions.
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September 2021: Lukoil Group and Daimler AG, one of the world's major automobile manufacturers, expanded their relationship in Lukoil lubricants’ first fill supplies for the brand's premium passenger cars' engines. Low-viscosity Lukoil Genesis engine oil, developed by LLK-International (PJSC LUKOIL wholly owned subsidiary) for modern gasoline and diesel engines of the car manufacturer in compliance with one of its newest first fill standards, will be added to the product portfolio. In comparison to the previous generation, the new product delivered dependable engine protection and increased fuel economy.
Scope of the Report
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Attributes |
Details |
|
Years Considered |
Historical Data – 2019–2022 |
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Base Year – 2022 |
|
|
Estimated Year – 2023 |
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|
Forecast Period – 2023–2029 |
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|
Facts Covered |
Revenue in USD Billion |
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Market Coverage |
Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, Netherlands, Rest of Europe |
|
Product/ Service Segmentation |
Type, Vehicle Type, End User, Country |
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Key Players |
BP PLC (Castrol), ExxonMobil Corporation, LUKOIL, Royal Dutch Shell Plc, TotalEnergies |
By Type
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Engine Oil
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Transmission Fluid
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Gear Oil
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Brake Fluid
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Other Lubricants
By Vehicle Type
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Passenger Cars
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Commercial Vehicles
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Heavy Duty Vehicles
By End User
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OEMs
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Distributors
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Retail
By Country
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Germany
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United Kingdom
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Italy
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France
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Spain
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Belgium
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Russia
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The Netherlands
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Rest of Europe
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Europe Automotive Lubricants Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Automotive industry growth
- Stringent emission norms
- Restraints
- High cost of lubricants
- Competition from other lubricants
- Opportunities
- Innovative product development
- Sustainability initiatives
- Challenges
- Competitive landscape
- Regulatory compliance
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Europe Automotive Lubricants Market Overview
- Market Size & Forecast, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Type
- Engine Oil
- Transmission Fluid
- Gear Oil
- Brake Fluid
- Other Lubricants
- By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Heavy Duty Vehicles
- By End User
- OEMs
- Distributors
- Retail
- By Country
- Germany
- United Kingdom
- Italy
- France
- Spain
- Belgium
- Russia
- The Netherlands
- Rest of Europe
- By Type
- Market Size & Forecast, 2019–2029
- Competitive Landscape
- List of Key Players and Their Range
- Europe Automotive Lubricants Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships)
- Impact of Covid-19 on Europe Automotive Lubricants Market Industry
- Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, SWOT Analysis)
- BP PLC (Castrol)
- ExxonMobil Corporation
- LUKOIL
- Royal Dutch Shell Plc
- TotalEnergies
- Other prominent players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents
- Assumption & Limitation
- Qualitative Research
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 Europe Automotive Lubricants Market Segmentation
Figure 2 Europe Automotive Lubricants Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Europe Automotive Lubricants Market Size, By Value (USD Billion), 2019–2029
Figure 5 Europe Automotive Lubricants Market Share, By Type, By Value, 2019–2029
Figure 6 Europe Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019–2029
Figure 7 Europe Automotive Lubricants Market Share, By End-User, By Value, 2019–2029
Figure 8 Europe Automotive Lubricants Market Share, By Country, By Value, 2019–2029
Figure 9 Germany Automotive Lubricants Market Size, By Value (USD Billion), 2019−2029
Figure 10 Germany Automotive Lubricants Market Share, By Type, By Value, 2019−2029
Figure 11 Germany Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019−2029
Figure 12 Germany Automotive Lubricants Market Share, By End-User, By Value, 2019−2029
Figure 13 United Kingdom Automotive Lubricants Market Size, By Value (USD Billion), 2019−2029
Figure 14 United Kingdom Automotive Lubricants Market Share, By Type, By Value, 2019−2029
Figure 15 United Kingdom Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019−2029
Figure 16 United Kingdom Automotive Lubricants Market Share, By End-User, By Value, 2019−2029
Figure 17 Italy Automotive Lubricants Market Size, By Value (USD Billion), 2019−2029
Figure 18 Italy Automotive Lubricants Market Share, By Type, By Value, 2019−2029
Figure 19 Italy Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019−2029
Figure 20 Italy Automotive Lubricants Market Share, By End-User, By Value, 2019−2029
Figure 21 France Automotive Lubricants Market Size, By Value (USD Billion), 2019−2029
Figure 22 France Automotive Lubricants Market Share, By Type, By Value, 2019−2029
Figure 23 France Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019−2029
Figure 24 France Automotive Lubricants Market Share, By End-User, By Value, 2019−2029
Figure 25 Spain Automotive Lubricants Market Size, By Value (USD Billion), 2019−2029
Figure 26 Spain Automotive Lubricants Market Share, By Type, By Value, 2019−2029
Figure 27 Spain Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019−2029
Figure 28 Spain Automotive Lubricants Market Share, By End-User, By Value, 2019−2029
Figure 29 Netherlands Automotive Lubricants Market Size, By Value (USD Billion), 2019−2029
Figure 30 Netherlands Automotive Lubricants Market Share, By Type, By Value, 2019−2029
Figure 31 Netherlands Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019−2029
Figure 32 Netherlands Automotive Lubricants Market Share, By End-User, By Value, 2019−2029
Figure 33 Belgium Automotive Lubricants Market Size, By Value (USD Billion), 2019−2029
Figure 34 Belgium Automotive Lubricants Market Share, By Type, By Value, 2019−2029
Figure 35 Belgium Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019−2029
Figure 36 Belgium Automotive Lubricants Market Share, By End-User, By Value, 2019−2029
Figure 37 NORDIC Countries Automotive Lubricants Market Size, By Value (USD Billion), 2019−2029
Figure 38 NORDIC Countries Automotive Lubricants Market Share, By Type, By Value, 2019−2029
Figure 39 NORDIC Countries Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019−2029
Figure 40 NORDIC Countries Automotive Lubricants Market Share, By End-User, By Value, 2019−2029
Figure 41 Rest of Europe Automotive Lubricants Market Size, By Value (USD Billion), 2019−2029
Figure 42 Rest of Europe Automotive Lubricants Market Share, By Type, By Value, 2019−2029
Figure 43 Rest of Europe Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019−2029
Figure 44 Rest of Europe Automotive Lubricants Market Share, By End-User, By Value, 2019−2029
List of Tables
Table 1 Europe Automotive Lubricants Market Share, By Type, By Value, 2019–2029
Table 2 Europe Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019–2029
Table 3 Europe Automotive Lubricants Market Share, By End-User, By Value, 2019–2029
Table 4 Europe Automotive Lubricants Market Share, By Country, By Value, 2019–2029
Table 5 Germany Automotive Lubricants Market Size, By Value (USD Billion), 2019−2029
Table 6 Germany Automotive Lubricants Market Share, By Type, By Value, 2019−2029
Table 7 Germany Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019−2029
Table 8 Germany Automotive Lubricants Market Share, By End-User, By Value, 2019−2029
Table 9 United Kingdom Automotive Lubricants Market Size, By Value (USD Billion), 2019−2029
Table 10 United Kingdom Automotive Lubricants Market Share, By Type, By Value, 2019−2029
Table 11 United Kingdom Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019−2029
Table 12 United Kingdom Automotive Lubricants Market Share, By End-User, By Value, 2019−2029
Table 13 Italy Automotive Lubricants Market Size, By Value (USD Billion), 2019−2029
Table 14 Italy Automotive Lubricants Market Share, By Type, By Value, 2019−2029
Table 15 Italy Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019−2029
Table 16 Italy Automotive Lubricants Market Share, By End-User, By Value, 2019−2029
Table 17 France Automotive Lubricants Market Size, By Value (USD Billion), 2019−2029
Table 18 France Automotive Lubricants Market Share, By Type, By Value, 2019−2029
Table 19 France Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019−2029
Table 20 France Automotive Lubricants Market Share, By End-User, By Value, 2019−2029
Table 21 Spain Automotive Lubricants Market Size, By Value (USD Billion), 2019−2029
Table 22 Spain Automotive Lubricants Market Share, By Type, By Value, 2019−2029
Table 23 Spain Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019−2029
Table 24 Spain Automotive Lubricants Market Share, By End-User, By Value, 2019−2029
Table 25 Netherlands Automotive Lubricants Market Size, By Value (USD Billion), 2019−2029
Table 26 Netherlands Automotive Lubricants Market Share, By Type, By Value, 2019−2029
Table 27 Netherlands Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019−2029
Table 28 Netherlands Automotive Lubricants Market Share, By End-User, By Value, 2019−2029
Table 29 Belgium Automotive Lubricants Market Size, By Value (USD Billion), 2019−2029
Table 30 Belgium Automotive Lubricants Market Share, By Type, By Value, 2019−2029
Table 31 Belgium Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019−2029
Table 32 Belgium Automotive Lubricants Market Share, By End-User, By Value, 2019−2029
Table 33 NORDIC Countries Automotive Lubricants Market Size, By Value (USD Billion), 2019−2029
Table 34 NORDIC Countries Automotive Lubricants Market Share, By Type, By Value, 2019−2029
Table 35 NORDIC Countries Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019−2029
Table 36 NORDIC Countries Automotive Lubricants Market Share, By End-User, By Value, 2019−2029
Table 37 Rest of Europe Automotive Lubricants Market Size, By Value (USD Billion), 2019−2029
Table 38 Rest of Europe Automotive Lubricants Market Share, By Type, By Value, 2019−2029
Table 39 Rest of Europe Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019−2029
Table 40 Rest of Europe Automotive Lubricants Market Share, By End-User, By Value, 2019−2029
Table 41 BP PLC (Castrol) Company Overview
Table 42 BP PLC (Castrol) Financial Overview
Table 43 ExxonMobil Corporation Company Overview
Table 44 ExxonMobil Corporation Financial Overview
Table 45 LUKOIL Company Overview
Table 46 LUKOIL Financial Overview
Table 47 Royal Dutch Shell Plc Company Overview
Table 48 Royal Dutch Shell Plc Financial Overview
Table 49 TotalEnergies Company Overview
Table 50 TotalEnergies Financial Overview
Market Segmentation
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