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

The United Kingdom Automotive Lubricants Market is at 184.01 million liters in 2021 and is projected to register a CAGR of 2.08% to reach 203.99 million liters in 2026. The transportation restrictions imposed by the government to curb the spread of COVID-19 have led to a decline in vehicle sales and maintenance needs in the country causing a decline of over 15%, in the automotive lubricants segment, in 2020.

Key Highlights

• Largest Segment by Vehicle Type - Passenger Vehicles: In the passenger vehicles sector, the requirement for regular service cycles and the need for high annual mileage resulted in the highest lubricant consumption levels.
• Fastest Segment by Vehicle Type - Motorcycles: The expected recovery in motorcycle sales and production in the United Kingdom since 2021 is likely to drive their demand for lubricants during the forecast period.
• 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: The expected recovery in automotive sales and production in the United Kingdom since 2021 is likely to drive the demand for hydraulic fluids during the forecast period.

Key Market Trends

Largest Segment By Vehicle Type: Passenger Vehicles

• Among all vehicle types, passenger vehicles accounted for about 84.21% of the total number of on-road vehicles in 2020, with the highest demand for lubricants in the United Kingdom. In 2020, they accounted for 73.18% of the total lubricant consumption volume.
• In 2020, the Motorcycle Industry Association (MCIA) reported a record number of first-time riders undertaking compulsory basic training courses to ride 125cc motorcycles and scooters. This trend was majorly triggered by the need to avoid public transport. Over the forecast period, motorcycles are likely to be the fastest-growing vehicle segment in terms of lubricant consumption, with a CAGR of about 2.96%.
• The commercial vehicles segment is likely to record the second highest CAGR of 2.44% in terms of lubricant consumption, with an expected recovery in sales and investments to develop new vehicles over the forecast period.

Competitive Landscape

The United Kingdom Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 67.16%. 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