Russia Commercial Vehicles Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026

Russia Commercial Vehicles Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026

The Russia Commercial Vehicles Lubricants Market size is estimated at 281.93 Million Liters in 2024, and is expected decline to 280.43 Million Liters by 2026.

Key Highlights

• Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and shorter drain intervals, as it is used for high-temperature and high-pressure applications.
• Fastest Segment by Product Type - Transmission & Gear Oils : An increase in the production and sales of commercial vehicles in the country post 2020 is likely to drive the demand for transmission oils during the forecast period.

Russia Commercial Vehicles Lubricants Market Trends

Largest Segment By Product Type : Engine Oils

• In the Russian commercial vehicles segment, lubricant consumption recorded a megative CAGR of -1.29% during 2015-2019. This trend was largely driven by the growing penetration of synthetic lubricants that have longer drain intervals.
• Freight transportation in the country has been negatively affected by the social restrictions imposed due to COVID-19 during the first half of 2020. Thus, in Russia, lubricant consumption in commercial vehicles decreased by 12.97%.
• In Russia, the pent-up demand from 2020 is likely to drive the sales of commercial vehicles during the early part of the forecast period. This factor, in turn, is likely to boost lubricant consumption levels in the country. However, further penetration of synthetic oils that extend service intervals is likely to hinder the growth of lubricant consumption in Russia.

Russia Commercial Vehicles Lubricants Industry Overview

The Russia Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 73.92%. The major players in this market are ExxonMobil Corporation, Gazprom, LUKOIL, ROSNEFT and Royal Dutch Shell Plc (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
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