The Poland Commercial Vehicles Lubricants Market is at 57.86 million liters in 2021 and is projected to register a CAGR of 2.94% to reach 66.89 million liters in 2026. The COVID-19 pandemic has led to a 13.5% volume decline in the demand for commercial vehicles owing to the disruptions in the logistics and trade activites in 2020, compared to 2019.
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 - Engine Oils: In Poland, the expected recovery in commercial vehicle sales and production since 2021 is estimated to drive the demand for engine oils during the forecast period.
Key Market Trends
Largest Segment By Product Type: Engine Oils
- The commercial vehicles (CVs) segment had a volume share of 37.7% in the total automotive lubricants share in 2015. During 2015-2019, the segment witnessed a steady CAGR of 4.05%. However, the share decreased to 37.19% in 2019.
- In 2020, the decrease in lubricant consumption in this segment (13.46%) was lesser compared to other segments. The primary reason for such a nominal decline during the pandemic was the need for freight transportation, which was considered an essential activity during the lockdown.
- Used commercial vehicle sales are estimated to increase due to the surge in trade activities between Poland and other European countries. Sales of new commercial vehicles are forecast to rise in the coming years due to the new scrappage policy implemented in 2020. Hence, lubricant consumption in this segment is estimated to record a CAGR of 2.94% during 2021-2026.
Competitive Landscape
The Poland Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 80.16%. The major players in this market are BP PLC (Castrol), FUCHS, LOTOS OIL, PKN ORLEN (ORLEN oil) 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 Findings7 Key Strategic Questions for Lubricants CEOs
2 Introduction
3 Key Industry Trends
4 Market Segmentation
5 Competitive Landscape
6 Appendix
Companies Mentioned
A selection of companies mentioned in this report includes:
- BP PLC (Castrol)
- ExxonMobil Corporation
- FUCHS
- LOTOS OIL
- Modex Oil
- Motul
- PKN ORLEN (ORLEN oil)
- Royal Dutch Shell Plc
- TotalEnergies
- Valvoline Inc.
Methodology
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