Canada Commercial Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 0.37 % |
| Market Concentration | High |
Canada Commercial Vehicles Lubricants Market Analysis
The Canada Commercial Vehicles Lubricants Market size is estimated at 283 Million Liters in 2024, and is expected to reach 285.09 Million Liters by 2026, growing at a CAGR of 0.37% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oils form the leading product type, owing to their high volume requirements and low drain intervals. They are used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Hydraulic Fluids : Increased trade activities and recovery of commercial vehicle sales in the country are likely to drive the demand for hydraulic fluids during the forecast period.
Canada Commercial Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Canada 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 cold weather conditions in Canada boost the need for synthetic diesel engine oils, such as 0W-40, which has led to an increase in drain intervals. This factor, combined with significant fluctuations in the production levels, resulted in a volatile trend pertaining to lubricant consumption during this period.
- Post the COVID-19 outbreak, freight transportation in the country has been negatively affected, owing to the social restrictions imposed during the first half of 2020, resulting in decreased maintenance requirements for commercial vehicles and declining lubricant consumption in this sector.
- The electric vehicle penetration in the commercial vehicles segment has been slow in Canada, as electric engines struggle to hold their charge in cold weather conditions, resulting in a minimal effect of electric vehicle penetration on the projected lubricant volume consumption.
Canada Commercial Vehicles Lubricants Industry Overview
The Canada Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 76.14%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, HollyFrontier (PetroCanada lubricants), Phillips 66 Lubricants and Royal Dutch Shell Plc (sorted alphabetically).
Canada Commercial Vehicles Lubricants Market Leaders
-
BP PLC (Castrol)
-
ExxonMobil Corporation
-
HollyFrontier (Petro‑Canada lubricants)
-
Phillips 66 Lubricants
-
Royal Dutch Shell Plc
*Disclaimer: Major Players sorted in no particular order
Canada Commercial Vehicles Lubricants Market News
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.
- March 2021: Castrol announced the launch of Castrol ON (a Castrol e-fluid range that includes e-gear oils, e-coolants, and e-greases) to its product portfolio. This range is specially designed for electric vehicles.
Canada Commercial Vehicles Lubricants Market Report - 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 Boss Lubricants
- 5.3.2 BP PLC (Castrol)
- 5.3.3 Chevron Corporation
- 5.3.4 ExxonMobil Corporation
- 5.3.5 FUCHS
- 5.3.6 HollyFrontier (PetroCanada lubricants)
- 5.3.7 Phillips 66 Lubricants
- 5.3.8 Royal Dutch Shell Plc
- 5.3.9 TotalEnergies
- 5.3.10 Valvoline Inc.
- *List Not Exhaustive
6. Appendix
- 6.1 Appendix-1 References
- 6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
** Subject To AvailablityCanada Commercial Vehicles Lubricants Industry Segmentation
| By Product Type | Engine Oils |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Canada Commercial Vehicles Lubricants Market Research FAQs
How big is the Canada Commercial Vehicles Lubricants Market?
The Canada Commercial Vehicles Lubricants Market size is expected to reach 283.00 million Liters in 2024 and grow at a CAGR of 0.37% to reach 285.09 million Liters by 2026.
What is the current Canada Commercial Vehicles Lubricants Market size?
In 2024, the Canada Commercial Vehicles Lubricants Market size is expected to reach 283.00 million Liters.
Who are the key players in Canada Commercial Vehicles Lubricants Market?
BP PLC (Castrol), ExxonMobil Corporation, HollyFrontier (Petro‑Canada lubricants), Phillips 66 Lubricants and Royal Dutch Shell Plc are the major companies operating in the Canada Commercial Vehicles Lubricants Market.
Which segment has the biggest share in the Canada Commercial Vehicles Lubricants Market?
In the Canada Commercial Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Canada Commercial Vehicles Lubricants Market?
In 2024, the Hydraulic Fluids segment accounts for the fastest growing by product type in the Canada Commercial Vehicles Lubricants Market.
What years does this Canada Commercial Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Canada Commercial Vehicles Lubricants Market size was estimated at 276.63 million Liters. The report covers the Canada Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Canada Commercial Vehicles Lubricants Industry Report
Statistics for the 2024 Canada Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Commercial Vehicles Lubricants analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
