How big is the United Kingdom Passenger Vehicles Lubricants Market?

The United Kingdom Passenger Vehicles Lubricants Market size is expected to reach 141.82 million Liters in 2024 and grow at a CAGR of 2.26% to reach 148.29 million Liters by 2026. Read More

What is the current United Kingdom Passenger Vehicles Lubricants Market size?

In 2024, the United Kingdom Passenger Vehicles Lubricants Market size is expected to reach 141.82 million Liters. Read More

Who are the key players in United Kingdom Passenger Vehicles Lubricants Market?

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

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

In the United Kingdom 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 United Kingdom Passenger Vehicles Lubricants Market?

In 2024, the Hydraulic Fluids segment accounts for the fastest growing by product type in the United Kingdom Passenger Vehicles Lubricants Market. Read More

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

In 2023, the United Kingdom Passenger Vehicles Lubricants Market size was estimated at 136.19 million Liters. The report covers the United Kingdom Passenger 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 Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

United Kingdom Passenger Vehicles Lubricants Market Trends

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

This section covers the major market trends shaping the UK 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 (PVs) account for the highest consumption volume of automotive lubricants. However, after registering peak demand during 2016, their lubricant consumption has been on a declining trend owing to economic uncertainties caused by Brexit.
In 2020, due to the lockdown imposed to curb the spread of COVID-19, lubricant consumption rate in the segment fell by 18.32%. The three-month lockdown in the first quarter of 2021 is likely to slow the sales growth more in comparison to the previously expected rate.
In the second half of 2021, government incentives to increase electric vehicle penetration are likely to support passenger vehicle population growth. Vehicle production is likely to recover from the impact of Brexit and COVID-19 at a slow pace over the first half of the forecast period. Hence, the PV lubricant consumption is likely to register a CAGR of 1.95% during the period.