What is the current Norway Passenger Vehicles Lubricants Market size?

In 2024, the Norway Passenger Vehicles Lubricants Market size is expected to reach 8.85 million Liters. Read More

Who are the key players in Norway Passenger Vehicles Lubricants Market?

BP PLC (Castrol), ExxonMobil Corporation, FUCHS, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Norway Passenger Vehicles Lubricants Market. Read More

Which segment has the biggest share in the Norway Passenger Vehicles Lubricants Market?

In the Norway Passenger 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 Norway Passenger Vehicles Lubricants Market?

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

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

In 2023, the Norway Passenger Vehicles Lubricants Market size was estimated at 8.86 million Liters. The report covers the Norway Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Norway Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

Norway Passenger Vehicles Lubricants Market Trends

Statistics for the 2023 & 2024 Norway Passenger Vehicles Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Norway Passenger 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 Norway Passenger Vehicles Lubricants Industry

This section covers the major market trends shaping the Norway 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>

Passenger vehicles form the second-largest segment in terms of automotive lubricant consumption. During 2015-2019, Norway recorded a negative CAGR of 1.26% in passenger vehicle lubricant consumption due to a significant rise in the scrappage of fossil fuel-based vehicles and an increase in EV sales.
Due to the lockdown related to COVID-19, lubricant consumption in this segment further dropped by 8.40% in 2020. During the first four months of 2021, the country recorded a surge in the number of COVID-19 cases, which may reduce the pace of growth during the rest of 2021.
The Norwegian government plans to adopt 100% electric vehicles by 2025, which is expected to increase the scrappage of fossil-fuel based passenger vehicles in the country. Therefore, with such trends, passenger vehicle lubricant consumption in Norway is likely to record a negative CAGR of 0.80% during 2021-2026.