+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

United Kingdom Commercial Vehicles Lubricants Market - Size, Share, COVID-19 Impact & Forecasts Up To 2026

  • PDF Icon


  • 67 Pages
  • September 2022
  • Region: United Kingdom
  • Mordor Intelligence
  • ID: 5419841
The United Kingdom Commercial Vehicles Lubricants Market is at 48.18 million liters in 2021 and is projected to register a CAGR of 2.44% to reach 54.35 million liters in 2026. In 2020, the demand for commercial vehicle lubricants recorded a decline of around 14%, as COVID-19 affected both production and sales. The demand was retained to some extent by freight transportation, which was considered an essential activity during the lockdown.

Key Highlights

  • Largest Segment by Product Type - Engine Oils: Engine oil is the dominant 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: A surge in the business activity and the sales of commercial vehicles in the country post 2020 are likely to drive the demand for transmission oils during the forecast period.

Key Market Trends

Largest Segment By Product Type: Engine Oils

  • In 2015, out of all automotive lubricants, commercial vehicle lubricant consumption accounted for 23.99% share; this increased to 25.25% by 2019. In 2020, their share further increased to 26.20% due to the low impact of COVID-19 on the segment.
  • The demand for commercial vehicle lubricant registered a decline of 14.11% in 2020, as the COVID-19 outbreak affected production and sales. The demand was retained to some extent by freight transportation, which was considered an essential activity during the lockdown.
  • Though the sales and production of commercial vehicles recorded a decline in the first quarter of 2021 due to the lockdown, the segment is likely to witness faster growth in the future due to an expected recovery in sales and investments in the development of electric vans and trucks. Thus, commercial vehicle lubricant consumption is likely to witness a CAGR of 2.44% during 2021-2026.

Competitive Landscape

The United Kingdom Commercial Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 63.74%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, FUCHS, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

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)
5.3.3 Exol Lubricants Limited
5.3.4 ExxonMobil Corporation
5.3.5 FUCHS
5.3.6 Morris Lubricants
5.3.7 Petronas Lubricants International
5.3.8 Q8Oils
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

Companies Mentioned

A selection of companies mentioned in this report includes:

  • BP PLC (Castrol)
  • Exol Lubricants Limited
  • ExxonMobil Corporation
  • Morris Lubricants
  • Petronas Lubricants International
  • Q8Oils
  • Royal Dutch Shell Plc
  • TotalEnergies