UK 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) | 2.64 % |
| Market Concentration | High |
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UK Commercial Vehicles Lubricants Market Analysis
The United Kingdom Commercial Vehicles Lubricants Market size is estimated at 51.59 Million Liters in 2024, and is expected to reach 54.35 Million Liters by 2026, growing at a CAGR of 2.64% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the dominant product type due to its high volume requirements and shorter drain intervals, as it is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : A surge in the business activity and the sales of commercial vehicles in the country post 2020 are likely to drive the demand for transmission oils during the forecast period.
UK Commercial Vehicles Lubricants Market Trends
This section covers the major market trends shaping the UK 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, out of all automotive lubricants, commercial vehicle lubricant consumption accounted for 23.99% share; this increased to 25.25% by 2019. In 2020, their share further increased to 26.20% due to the low impact of COVID-19 on the segment.
- The demand for commercial vehicle lubricant registered a decline of 14.11% in 2020, as the COVID-19 outbreak affected production and sales. The demand was retained to some extent by freight transportation, which was considered an essential activity during the lockdown.
- Though the sales and production of commercial vehicles recorded a decline in the first quarter of 2021 due to the lockdown, the segment is likely to witness faster growth in the future due to an expected recovery in sales and investments in the development of electric vans and trucks. Thus, commercial vehicle lubricant consumption is likely to witness a CAGR of 2.44% during 2021-2026.
UK Commercial Vehicles Lubricants Industry Overview
The United Kingdom Commercial Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 63.74%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, FUCHS, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).
UK Commercial Vehicles Lubricants Market Leaders
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BP PLC (Castrol)
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ExxonMobil Corporation
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FUCHS
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Royal Dutch Shell Plc
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TotalEnergies
*Disclaimer: Major Players sorted in no particular order
UK 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.
- 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.
- March 2021: Hyundai Motor Company and Royal Dutch Shell PLC announced a five-year global business cooperation agreement, with a new focus on clean energy and carbon reduction, to help Hyundai continue its transformation as a Smart Mobility Solution Provider.
UK 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
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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 BP PLC (Castrol)
- 5.3.2 CHEVRON CORPORATION
- 5.3.3 Exol Lubricants Limited
- 5.3.4 ExxonMobil Corporation
- 5.3.5 FUCHS
- 5.3.6 Morris Lubricants
- 5.3.7 Petronas Lubricants International
- 5.3.8 Q8Oils
- 5.3.9 Royal Dutch Shell Plc
- 5.3.10 TotalEnergies
- *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
UK Commercial Vehicles Lubricants Industry Segmentation
| By Product Type | Engine Oils |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
UK Commercial Vehicles Lubricants Market Research FAQs
How big is the United Kingdom Commercial Vehicles Lubricants Market?
The United Kingdom Commercial Vehicles Lubricants Market size is expected to reach 51.59 million Liters in 2024 and grow at a CAGR of 2.64% to reach 54.35 million Liters by 2026.
What is the current United Kingdom Commercial Vehicles Lubricants Market size?
In 2024, the United Kingdom Commercial Vehicles Lubricants Market size is expected to reach 51.59 million Liters.
Who are the key players in United Kingdom Commercial Vehicles Lubricants Market?
BP PLC (Castrol), ExxonMobil Corporation, FUCHS, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the United Kingdom Commercial Vehicles Lubricants Market.
Which segment has the biggest share in the United Kingdom Commercial Vehicles Lubricants Market?
In the United Kingdom Commercial Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the United Kingdom Commercial Vehicles Lubricants Market?
In 2024, the Transmission & Gear Oils segment accounts for the fastest growing by product type in the United Kingdom Commercial Vehicles Lubricants Market.
What years does this United Kingdom Commercial Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the United Kingdom Commercial Vehicles Lubricants Market size was estimated at 49.58 million Liters. The report covers the United Kingdom Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United Kingdom Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
United Kingdom Commercial Vehicles Lubricants Industry Report
Statistics for the 2024 United Kingdom Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United Kingdom 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.
