Europe Automotive Lubricants Market Trends

Statistics for the 2023 & 2024 Europe Automotive Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Europe Automotive Lubricants trend report includes a market forecast to 2026 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of Europe Automotive Lubricants Industry

This section covers the major market trends shaping the Europe Automotive Lubricants Market according to our research experts:

Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Passenger Vehicles</span>

  • In Europe, passenger vehicles accounted for a 78.28% share in the total number of on-road vehicles during 2020, followed by commercial vehicles and motorcycles with 12.27% and 9.44% shares, respectively.
  • The passenger vehicles segment accounted for the highest share of 54.57% in the total automotive lubricant volume consumption in 2020, followed by the commercial vehicles segment with a 44.42% share. During the same year, travel restrictions to curb COVID-19 significantly affected the sales and production of passenger vehicles.
  • In the first half of 2021, the COVID-19 second wave led to a slower recovery in sales than expected. Semiconductor shortage affected production in the passenger vehicles segment. However, with an expected recovery in production from 2022 and an increase in sales, the passenger vehicles segment is expected to record the highest CAGR of 3.14% over the forecast period.
Europe Automotive Lubricants Market : Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Passenger Vehicles</span>

Largest Country : <span style="font-family: 'regular_bold';color:#0e7db3;">Russia</span>

  • In Europe, automotive lubricant consumption is the highest in Russia, followed by Germany and France. In 2020, Russia accounted for about 18.73% of the total lubricant consumption in the region. Russia also recorded the largest shares in engine oil and grease consumption of about 20.6% and 14.03%, respectively.
  • Germany recorded the largest share of 17.47% in transmission oils and 13.84% in hydraulic fluids during 2020. However, the COVID-19 outbreak significantly affected production and sales in the region.
  • In the first half of 2021, European countries experienced the second wave of COVID-19, affecting sales. Production was also affected due to the semiconductor shortage. However, the automotive industry's growth rate is likely to improve from 2022, thus suggesting a CAGR of 2.49% to the European lubricants market.
Europe Automotive Lubricants Market : Largest Country : <span style="font-family: 'regular_bold';color:#0e7db3;">Russia</span>

Europe Automotive Lubricants Market Report Snapshots

Europe Automotive Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2026)