Brazil Commercial Vehicles Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026
The Brazil Commercial Vehicles Lubricants Market size is estimated at 410.93 Million Liters in 2024, and is expected to reach 439.12 Million Liters by 2026, growing at a CAGR of 3.37% during the forecast period (2024-2026).
Key Highlights
- Largest Segment by Product Type - Engine Oils : Used trucks, buses, and pickup trucks consume large amounts of engine oil and have a high yearly oil change frequency, making it the most popular product type in the country.
- Fastest Segment by Product Type - Hydraulic Fluids : Hydraulic fluid demand is forecast to grow faster than all other product types in Brazil's CV segment between 2021-2026, owing to a predicted rise in maintenance rates.
Brazil Commercial Vehicles Lubricants Market Trends
Largest Segment By Product Type : Engine Oils
- In Brazil, commercial vehicle (CVs) constitutes the second-largest vehicle type in terms of automotive lubricant consumption. Post 2016, lubricant consumption in the CV sector increased, mainly due to the country's growing truck fleet.
- The commercial vehicle lubricant consumption declined by almost 5.6% as the COVID-19 pandemic affected freight transportation in 2020. The engine oil segment accounted for a 68.2% share of CV lubricant consumption in 2020. A significant decline of 8.8% was observed in the overall consumption of greases in the CV sector during the year.
- The grease segment is likely to be the fastest-growing segment with a CAGR of 4.75% during 2021-2026. The recovery in production and sales of commercial vehicles is likely to drive the consumption of greases during the first half of the forecast period.
Brazil Commercial Vehicles Lubricants Industry Overview
The Brazil Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 82.06%. The major players in this market are ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, Petronas Lubricants International and Royal Dutch Shell Plc (sorted alphabetically).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
- 1 Executive Summary & Key Findings
- 2 Introduction
- 2.1 Study Assumptions & Market Definition
- 2.2 Scope of the Study
- 2.3 Research Methodology
- 3 Key Industry Trends
- 3.1 Automotive Industry Trends
- 3.2 Regulatory Framework
- 3.3 Value Chain & Distribution Channel Analysis
- 4 Market Segmentation
- 4.1 By Product Type
- 4.1.1 Engine Oils
- 4.1.2 Greases
- 4.1.3 Hydraulic Fluids
- 4.1.4 Transmission & Gear Oils
- 5 Competitive Landscape
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
- 5.3 Company Profiles
- 5.3.1 ExxonMobil Corporation
- 5.3.2 Gulf Oil International
- 5.3.3 Iconic Lubrificantes
- 5.3.4 Lucheti Lubrificantes
- 5.3.5 Marcio Benedito Vecchi EIRELI
- 5.3.6 Petrobras
- 5.3.7 Petronas Lubricants International
- 5.3.8 Royal Dutch Shell Plc
- 5.3.9 TotalEnergies
- 5.3.10 YPF
- 6 Appendix
- 6.1 Appendix-1 References
- 6.2 Appendix-2 List of Tables & Figures
- 7 Key Strategic Questions for Lubricants CEOs
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