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The UK automotive lubricants market is a significant sector, expected to grow from USD 834.8 million in 2022 to USD 1,096.3 million by 2030, at a CAGR of 3.5%.
United Kingdom automotive lubricant market is anticipated to register growth with an impressive CAGR in the forecast period.The market growth can be attributed to growing demands for the automotive ownership. Higher sales of the passenger cars, and commercial vehicles is further driving the growth of the United Kingdom automotive lubricants market in the upcoming five years. Rapid adoptions to the high-performance lubricants, and various environmental factors also support the growth of the United Kingdom automotive lubricant market in the next five years. Consistent research, technological advancement further substantiates the growth of the market.
Automotive lubricants are the vehicle engine facilitating formulas that have major functions of controlling the friction and wear in the engine. The automotive lubricants also protect the engine from rusting, they cool the pistons, and protect the engine oil stored in the pump from combustion gases. The lubricants enhance the vehicle performance that manages for the lesser consumption of fuels and is thus environment friendly too.
Higher Vehicle Sales Drive Market Growth
Growing production scales, and thus the sales of the passenger cars are majorly driving the growth of the United Kingdom automotive lubricant market in the upcoming five years. Rapidly increasing demands for the passenger cars, light commercial vehicles along with the increasing sales of the same drive the growth of the United Kingdom automotive lubricants market in the upcoming five years. With higher disposable income, the population is highly inclined toward ownership of their personal vehicle thereby increasing the sales of the passenger card and thus the growth of the United Kingdom automotive lubricant market in the next five years.
In 2021, 932.49 thousand vehicles were produced in the United Kingdom. Out of which, total passenger car production stands at 859.58 thousand units in the United Kingdom. Although productions were lesser as compared to the sales in the country, imported vehicles fulfilled the surged demands. 1.65 million units of passenger cars were sold in 2021 in the United Kingdom. These factors further aided the growth of the United Kingdom automotive lubricant market in the future five years.
Market Segmentation
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The UK automotive lubricant market is segmented by vehicle type, application, type, demand category, and regional distribution. Key segments include passenger cars, light commercial vehicles (LCV), medium & heavy commercial vehicles (M&HCV), two-wheelers, and off-road vehicles (OTR). By application, the market is divided into engine oil, transmission oil, hydraulic fluids, greases, and others. Product types are mineral-based and synthetic. Demand is categorized into OEM (Original Equipment Manufacturer) and replacement. Regionally, the market is further segmented into London, East Anglia, Southwest, Southeast, Scotland, East Midlands, and Yorkshire & Humberside.
key players
Exol Lubricants Limited
CHEVRON CORPORATION
ExxonMobil Corporation
Motul
TotalEnergies SE
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Attribute |
Details |
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Base Year |
2021 |
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Historical Data |
2017 – 2020 |
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Estimated Year |
2022 |
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Forecast Period |
2023 – 2027 |
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Quantitative Units |
Revenue in USD Million, volume in units, and CAGR for 2017-2021 and 2022-2027 |
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Report coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments covered |
· Vehicle Type · Application · Type · Demand Category |
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Regional scope |
London, East Anglia, Southwest, Southeast, Scotland, East Midlands, and Yorkshire & Humberside |
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Key companies profiled |
BP PLC (Castrol), Exol Lubricants Limited, CHEVRON CORPORATION, Fuchs Petrolub SE, ExxonMobil Corporation, Morris Lubricants, PETRONAS Lubricants International Sdn Bhd, Motul, Shell plc., TotalEnergies SE |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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