Italy Passenger 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) | 3.46 % |
| Market Concentration | High |
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Italy Passenger Vehicles Lubricants Market Analysis
The Italy Passenger Vehicles Lubricants Market size is estimated at 113.70 Million Liters in 2024, and is expected to reach 121.70 Million Liters by 2026, growing at a CAGR of 3.46% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and low drain intervals. It is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : In Italy, the increase in the usage and production of passenger vehicles, post 2020, is likely to drive their demand for transmission oils during the forecast period.
Italy Passenger Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Italy Passenger Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>
- During 2015-2019, lubricant consumption volume in passenger vehicles in Italy experienced volatile growth rates. Although passenger vehicle population during this period witnessed a consistent increase, the production output was unstable, which in turn caused fluctuations in the demand for lubricants.
- In 2020, post the COVID-19 outbreak, the usage of passenger cars in the country significantly dropped, subsequently affecting the service and lubricant change requirements for a considerable period. As a result, lubricant consumption dropped by around 19.08% compared to 2019.
- Though passenger vehicle sales in the country have been showing healthy recovery from the end of 2020, production uncertainties and resurgence of COVID-19-related concerns are estimated to impact lubricant demand in 2021. This demand is projected to bounce back from 2022.
Italy Passenger Vehicles Lubricants Industry Overview
The Italy Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 87.28%. The major players in this market are BP PLC (Castrol), Eni SpA, PETRONAS Lubricants International, Q8Oils and Royal Dutch Shell Plc (sorted alphabetically).
Italy Passenger Vehicles Lubricants Market Leaders
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BP PLC (Castrol)
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Eni SpA
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PETRONAS Lubricants International
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Q8Oils
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Royal Dutch Shell Plc
*Disclaimer: Major Players sorted in no particular order
Italy Passenger Vehicles Lubricants Market News
- April 2021: FUCHS Lubricants unveiled TITAN GT1 FLEX C23 SAE 5W-30, a new high-performance engine oil for use in passenger cars and vans.
- April 2021: Motul launched two engine oils, namely CLASSIC EIGHTIES 10W-40 and CLASSIC NINETIES 10W-30, for classic cars manufactured between the 1970s and 2000s.
- 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.
Italy Passenger 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
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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
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5.3 Company Profiles
- 5.3.1 Bardahl
- 5.3.2 BP PLC (Castrol)
- 5.3.3 Eni SpA
- 5.3.4 ExxonMobil Corporation
- 5.3.5 FUCHS
- 5.3.6 Motul
- 5.3.7 PETRONAS Lubricants International
- 5.3.8 Q8Oils
- 5.3.9 Ra.M.Oil SpA
- 5.3.10 Royal Dutch Shell Plc
- *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
Italy Passenger Vehicles Lubricants Industry Segmentation
| By Product Type | Engine Oils |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Italy Passenger Vehicles Lubricants Market Research FAQs
How big is the Italy Passenger Vehicles Lubricants Market?
The Italy Passenger Vehicles Lubricants Market size is expected to reach 113.70 million Liters in 2024 and grow at a CAGR of 3.46% to reach 121.70 million Liters by 2026.
What is the current Italy Passenger Vehicles Lubricants Market size?
In 2024, the Italy Passenger Vehicles Lubricants Market size is expected to reach 113.70 million Liters.
Who are the key players in Italy Passenger Vehicles Lubricants Market?
BP PLC (Castrol), Eni SpA, PETRONAS Lubricants International, Q8Oils and Royal Dutch Shell Plc are the major companies operating in the Italy Passenger Vehicles Lubricants Market.
Which segment has the biggest share in the Italy Passenger Vehicles Lubricants Market?
In the Italy Passenger Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Italy Passenger Vehicles Lubricants Market?
In 2024, the Transmission & Gear Oils segment accounts for the fastest growing by product type in the Italy Passenger Vehicles Lubricants Market.
What years does this Italy Passenger Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Italy Passenger Vehicles Lubricants Market size was estimated at 108.66 million Liters. The report covers the Italy Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Italy Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Italy Passenger Vehicles Lubricants Industry Report
Statistics for the 2024 Italy Passenger Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Italy Passenger 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.
