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

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

The Russia Passenger Vehicles Lubricants Market size is estimated at 326.09 Million Liters in 2024, and is expected to reach 339.95 Million Liters by 2026, growing at a CAGR of 2.10% during the forecast period (2024-2026).

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 - Hydraulic Fluids : The expected recovery of automotive sales and production in Russia from 2021 is anticipated to drive the demand for hydraulic fluids in the country during the forecast period.

Russia Passenger Vehicles Lubricants Market Trends

Largest Segment By Product Type : Engine Oils

• During 2015-2019, passenger vehicle lubricant consumption in Russia witnessed a CAGR of 1.70%. The major factor driving this surge was the expanding passenger vehicle population in the country. Additionally, the high average age of passenger vehicles in the country has also been a major driving factor for lubricant consumption in this segment.
• In 2020, the COVID-19 outbreak and related lockdowns hindered vehicle production, sales, and maintenance activities at large. As a result, lubricant consumption dropped by 18.38% compared to 2019.
• The second wave of COVID-19 and fluctuating volumes of imported vehicles are likely to negatively affect lubricant consumption for a brief period, followed by a recovery in sales growth. As a result, the passenger vehicle lubricant consumption is projected to record a CAGR of 3.99% during 2021-2026.

Russia Passenger Vehicles Lubricants Industry Overview

The Russia Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 84.58%. The major players in this market are DelfinGroup, Gazprom, LUKOIL, ROSNEFT and Royal Dutch Shell Plc (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
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