United Kingdom Automotive Lubricant Market By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV), Two-Wheeler, OTR), By Application (Engine Oil, Transmission Oil, Hydraulic Fluids, Greases, Others), By Type (Mineral Based, Synthetic), By Demand Category (OEM, Replacement), By Region, Competition Forecast & Opportunities, 2027
United Kingdom automotive lubricant market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027. The market growth can be attributed to growing demands for automotive ownership. Higher sales of passenger cars and commercial vehicles are further driving the growth of the United Kingdom automotive lubricants market in the upcoming five years. Rapid adoptions of high-performance lubricants and various environmental factors also support the growth of the United Kingdom automotive lubricant market in the next five years. Consistent research and technological advancement further substantiate the growth of the market.
Automotive lubricants are the vehicle engine facilitating formulas that have major functions of controlling the friction and wear in the engine. The automotive lubricants also protect the engine from rusting, cool the pistons, and protect the engine oil stored in the pump from combustion gases. The lubricants enhance the vehicle performance that manages for the lesser consumption of fuels and is thus environment friendly too.
Higher Vehicle Sales Drive Market Growth
Growing production scales, and thus the sales of passenger cars, are majorly driving the growth of the United Kingdom automotive lubricant market in the upcoming five years. Rapidly increasing demands for passenger cars and light commercial vehicles, along with the increasing sales of the same, drive the growth of the United Kingdom automotive lubricants market in the upcoming five years. With higher disposable income, the population is highly inclined toward ownership of their personal vehicle, thereby increasing the sales of the passenger card and thus the growth of the United Kingdom automotive lubricant market in the next five years.
In 2021, 932.49 thousand vehicles were produced in the United Kingdom. Out of which, total passenger car production stands at 859.58 thousand units in the United Kingdom. Although productions were lesser as compared to the sales in the country, imported vehicles fulfilled the surged demands. 1.65 million units of passenger cars were sold in 2021 in the United Kingdom. These factors further aided the growth of the United Kingdom automotive lubricant market in the future five years.
Market Segmentation
The United Kingdom automotive lubricant market is segmented by vehicle type, application, type, demand category, competitional landscape, and regional distribution. Based on vehicle type, the market is further segmented into passenger cars, light commercial vehicles (LCV), medium & heavy commercial vehicles (M&HCV), two-wheeler, and OTR. By application, the market is fragmented into the engine oil, transmission oil, hydraulic fluids, greases, and others. Based on type, the market is differentiated between mineral based and synthetic. By demand category, the market is also distinguished between OEM and replacement. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among London, East Anglia, Southwest, Southeast, Scotland, East Midlands, and Yorkshire & Humberside.
Company Profile
BP PLC (Castrol), Exol Lubricants Limited, CHEVRON CORPORATION, Fuchs Petrolub SE, ExxonMobil Corporation, Morris Lubricants, PETRONAS Lubricants International Sdn Bhd, Motul, Shell plc., TotalEnergies SE, among others is a partial list of major market players of the companies responsible for the growth of United Kingdom automotive lubricant market.
Report Scope:
In this report, United Kingdom automotive lubricant market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook