How big is the Bulgaria Commercial Vehicles Lubricants Market?

The Bulgaria Commercial Vehicles Lubricants Market size is expected to reach 6.48 million Liters in 2024 and grow at a CAGR of 2.67% to reach 6.83 million Liters by 2026. Read More

What is the current Bulgaria Commercial Vehicles Lubricants Market size?

In 2024, the Bulgaria Commercial Vehicles Lubricants Market size is expected to reach 6.48 million Liters. Read More

Who are the key players in Bulgaria Commercial Vehicles Lubricants Market?

CHEVRON CORPORATION, ExxonMobil Corporation, Prista Oil, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Bulgaria Commercial Vehicles Lubricants Market. Read More

Which segment has the biggest share in the Bulgaria Commercial Vehicles Lubricants Market?

In the Bulgaria Commercial Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type. Read More

Which is the fastest growing segment in the Bulgaria Commercial Vehicles Lubricants Market?

In 2024, the Transmission & Gear Oils segment accounts for the fastest growing by product type in the Bulgaria Commercial Vehicles Lubricants Market. Read More

What years does this Bulgaria Commercial Vehicles Lubricants Market cover, and what was the market size in 2023?

In 2023, the Bulgaria Commercial Vehicles Lubricants Market size was estimated at 6.31 million Liters. The report covers the Bulgaria Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bulgaria Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

Bulgaria Commercial Vehicles Lubricants Market Trends

Statistics for the 2023 & 2024 Bulgaria Commercial Vehicles Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Bulgaria Commercial Vehicles Lubricants trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Bulgaria Commercial Vehicles Lubricants Industry

This section covers the major market trends shaping the Bulgaria Commercial Vehicles Lubricants Market according to our research experts:

Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>

The commercial vehicles (CV) segment's volume share in the overall automotive lubricants market increased from 30.47% in 2015 to 32.92% in 2019. In the past few years, an increase in the volumes of transmission and hydraulic oils in the CV segment propelled the consumption of lubricants. Commercial vehicle registrations exhibited a CAGR of 4.71% during 2015-2019.
In 2020, transportation restrictions and economic shutdowns imposed by the Bulgarian government due to the pandemic led to a sudden decline of 9.95% in commercial vehicle lubricant consumption volume.
By the second half of 2021, consumption volume rate is estimated to be at 5.3%. However, the yearly growth rate in consumption during the forecast period is likely to be on a declining trend. The decrease in annual service frequency is hampering growth, and it is expected to exhibit a CAGR of 3% during 2021-2026.