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Canada Automotive Engine Oils Market - Size, Share, Forecast & Covid-19 Impact (2015 - 2026)

  • ID: 5419843
  • Report
  • August 2021
  • Region: Canada
  • 68 Pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2021

FEATURED COMPANIES

  • Boss Lubricants
  • BP PLC (Castrol)
  • Chevron Corporation
  • Exxon Mobil Corporation
  • FUCHS
  • Phillips 66 Lubricants

The Canada Automotive Engine Oils Market is at 297.16 million liters in 2021 and is projected to register a CAGR of 2.19% to reach 331.08 million liters in 2026. In 2020, post the COVID-19 outbreak, sales of off-road and dual-sport bikes significantly increased, and they are likely to grow at a decent rate during the forecast period.

  • Largest Segment by Vehicle Type - Commercial Vehicles : The average engine oil capacity of heavy-duty trucks and buses was high, attributed to the highest consumption of engine oil from the commercial vehicle sector in Canada.
  • Fastest Segment by Vehicle Type - Passenger Vehicles : As lockdown measures and social restrictions are slowly being eased in the country, the usage of passenger vehicles is likely to increase and boost engine oil consumption.

Key Market Trends


Largest Segment By Vehicle Type : Commercial Vehicles

  • 0Ws and 5Ws were the most used engine oil grades for passenger vehicles in Canada. Similarly, 15Ws were the most used engine oil grades for commercial vehicles in Canada.
  • Most of the engine oils used in Canada meet the latest standards set by the International Lubricant Specification Advisory Committee (ILSAC) and the American Petroleum Institute (API). Although these synthetic grades have higher profit margins per gallon, they also support higher drain intervals. Hence, the higher penetration of synthetic engine oils significantly restrained the growth of this product type, in terms of volume, during 2015-2020.
  • Post the COVID-19 outbreak, the engine oil change requirements of vehicles further declined. The usage of the existing automotive fleet is gradually boosting the engine oil volume consumption, which is likely to recover at a rate of 2.19% during the forecast period.

Competitive Landscape

The Canada Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 82.72%. The major players in this market are BP PLC (Castrol), Exxon Mobil Corporation, HollyFrontier (Petro‑Canada lubricants), Royal Dutch Shell and Valvoline Inc. (sorted alphabetically).

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Boss Lubricants
  • BP PLC (Castrol)
  • Chevron Corporation
  • Exxon Mobil Corporation
  • FUCHS
  • Phillips 66 Lubricants
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
3.1.1 Overall Vehicles
3.1.2 Commercial Vehicles
3.1.3 Motorcycles
3.1.4 Passenger Vehicles
3.2 Regulatory Framework
3.2.1 Canada
3.3 Value Chain & Distribution Channel Analysis
4 Market Segmentation
4.1 By Product Grade
4.2 By Vehicle Type
4.2.1 Commercial Vehicles
4.2.2 Motorcycles
4.2.3 Passenger Vehicles
5 Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 Boss Lubricants
5.3.2 BP PLC (Castrol)
5.3.3 Chevron Corporation
5.3.4 Exxon Mobil Corporation
5.3.5 FUCHS
5.3.6 HollyFrontier (Petro-Canada lubricants)
5.3.7 Phillips 66 Lubricants
5.3.8 Royal Dutch Shell
5.3.9 TotalEnergies
5.3.10 Valvoline Inc.
6 Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7 Key Strategic Questions for Lubricants CEOs
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Boss Lubricants
  • BP PLC (Castrol)
  • Chevron Corporation
  • Exxon Mobil Corporation
  • FUCHS
  • HollyFrontier (Petro‑Canada lubricants)
  • Phillips 66 Lubricants
  • Royal Dutch Shell
  • TotalEnergies
  • Valvoline Inc.
Note: Product cover images may vary from those shown

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