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

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  • 76 Pages
  • September 2022
  • Region: United Kingdom
  • Mordor Intelligence
  • ID: 5419849
The United Kingdom Passenger Vehicles Lubricants Market is at 134.66 million liters in 2021 and is projected to register a CAGR of 1.95% to reach 148.29 million liters in 2026. Consumption of lubricants in the passenger vehicle segment fell drastically in 2020 due to the pandemic lockdowns. The three months of lockdown during the first quarter of 2021 led to a slowdown in sales growth, more than the previously expected rate.

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.

Key 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.

Competitive Landscape

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

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)
5.3.2 Exol Lubricants Limited
5.3.3 ExxonMobil Corporation
5.3.4 FUCHS
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

Companies Mentioned

A selection of companies mentioned in this report includes:

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