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

• In April 2022 - ExxonMobil Corporation was organized along three business lines – ExxonMobil Upstream Company, ExxonMobil Product Solutions, and ExxonMobil Low Carbon Solutions.

• 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

Attributes	Details
Years Considered	Historical Data – 2019–2022
	Base Year – 2022
	Estimated Year – 2023
	Forecast Period – 2023–2029
Facts Covered	Revenue in USD Billion
Market Coverage	Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, Netherlands, Rest of Europe
Product/ Service Segmentation	Type, Vehicle Type, End User, Country
Key Players	BP PLC (Castrol), ExxonMobil Corporation, LUKOIL, Royal Dutch Shell Plc, TotalEnergies

 

 

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

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Europe Automotive Lubricants Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Automotive industry growth
         2. Stringent emission norms
      2. Restraints
         1. High cost of lubricants
         2. Competition from other lubricants
      3. Opportunities
         1. Innovative product development
         2. Sustainability initiatives
      4. Challenges
         1. Competitive landscape
         2. Regulatory compliance
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Europe Automotive Lubricants Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Type
         1. Engine Oil
         2. Transmission Fluid
         3. Gear Oil
         4. Brake Fluid
         5. Other Lubricants
      2. By Vehicle Type
         1. Passenger Cars
         2. Commercial Vehicles
         3. Heavy Duty Vehicles
      3. By End User
         1. OEMs
         2. Distributors
         3. Retail
      4. By Country
         1. Germany
         2. United Kingdom
         3. Italy
         4. France
         5. Spain
         6. Belgium
         7. Russia
         8. The Netherlands
         9. Rest of Europe
5. Competitive Landscape
   1. List of Key Players and Their Range
   2. Europe Automotive Lubricants Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
6. Impact of Covid-19 on Europe Automotive Lubricants Market Industry
7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, SWOT Analysis)
   1. BP PLC (Castrol)
   2. ExxonMobil Corporation
   3. LUKOIL
   4. Royal Dutch Shell Plc
   5. TotalEnergies
   6. Other prominent players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents
   5. Assumption & Limitation

*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