How big is the Spain Commercial Vehicles Lubricants Market?

The Spain Commercial Vehicles Lubricants Market size is expected to reach 103.13 million Liters in 2024 and grow at a CAGR of 1.8% to reach 106.88 million Liters by 2026. Read More

What is the current Spain Commercial Vehicles Lubricants Market size?

In 2024, the Spain Commercial Vehicles Lubricants Market size is expected to reach 103.13 million Liters. Read More

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

CEPSA, ExxonMobil Corporation, Repsol, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Spain Commercial Vehicles Lubricants Market. Read More

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

In the Spain 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 Spain Commercial Vehicles Lubricants Market?

In 2024, the Engine Oils segment accounts for the fastest growing by product type in the Spain Commercial Vehicles Lubricants Market. Read More

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

In 2023, the Spain Commercial Vehicles Lubricants Market size was estimated at 101.31 million Liters. The report covers the Spain Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spain Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

Spain Commercial Vehicles Lubricants Market Trends

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

This section covers the major market trends shaping the Spain 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>

In 2015, the commercial vehicles (CVs) segment accounted for a majority share of 53.1% of the overall Spanish automotive lubricants market. During 2015-2019, the segment recorded a CAGR of 1.64%. The share of lubricants in the CV segment decreased to 51.3% by 2019.
In 2020, the year-on-year decrease in the segment’s lubricant consumption rate was lower (-7.34%) compared to other vehicle segments due to the sustained demand for freight transportation - which was considered an essential activity during the lockdown.
The sales of used trucks and new commercial vehicles are estimated to increase due to a surge in trade activities with other European countries, along with the implementation of a new scrappage policy in 2020. Hence, lubricant consumption in the CV segment is estimated to record a CAGR of 1.94% during 2021-2026.