United Kingdom Passenger Vehicles Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026
The United Kingdom Passenger Vehicles Lubricants Market size is estimated at 141.82 Million Liters in 2024, and is expected to reach 148.29 Million Liters by 2026, growing at a CAGR of 2.26% during the forecast period (2024-2026).
Key Highlights
- Largest Segment by Product Type - Engine Oils : Engine oils form the leading product type due to their high volume requirements and short drain intervals, as they are used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Hydraulic Fluids : In the United Kingdom, the expected recovery in automotive sales and production since 2021 is likely to drive the demand for hydraulic fluids during the forecast period.
UK Passenger Vehicles Lubricants Market Trends
Largest Segment By Product Type : Engine Oils
- Passenger vehicles (PVs) account for the highest consumption volume of automotive lubricants. However, after registering peak demand during 2016, their lubricant consumption has been on a declining trend owing to economic uncertainties caused by Brexit.
- In 2020, due to the lockdown imposed to curb the spread of COVID-19, lubricant consumption rate in the segment fell by 18.32%. The three-month lockdown in the first quarter of 2021 is likely to slow the sales growth more in comparison to the previously expected rate.
- In the second half of 2021, government incentives to increase electric vehicle penetration are likely to support passenger vehicle population growth. Vehicle production is likely to recover from the impact of Brexit and COVID-19 at a slow pace over the first half of the forecast period. Hence, the PV lubricant consumption is likely to register a CAGR of 1.95% during the period.
UK Passenger Vehicles Lubricants Industry Overview
The United Kingdom Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 68.95%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, Petronas Lubricants International, Royal Dutch Shell Plc and TotalEnergies (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 BP PLC (Castrol)
- 5.3.2 Exol Lubricants Limited
- 5.3.3 ExxonMobil Corporation
- 5.3.4 FUCHS
- 5.3.5 LIQUI MOLY
- 5.3.6 Morris Lubricants
- 5.3.7 Motul
- 5.3.8 Petronas Lubricants International
- 5.3.9 Royal Dutch Shell Plc
- 5.3.10 TotalEnergies
- 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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