Italy Automotive Engine Oil Market Size
![Italy Automotive Engine Oils Market](https://s3.mordorintelligence.com/italy-automotive-engine-oils-market/1664535796217_italy-automotive-engine-oils-market_Market_Summary.webp)
Study Period | 2015 - 2026 |
Base Year For Estimation | 2020 |
Market Volume (2024) | 155.39 Million Liters |
Market Volume (2026) | 160.48 Million Liters |
CAGR (2024 - 2026) | 1.62 % |
Market Concentration | High |
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Italy Automotive Engine Oil Market Analysis
The Italy Automotive Engine Oils Market size is estimated at 155.39 Million Liters in 2024, and is expected to reach 160.48 Million Liters by 2026, growing at a CAGR of 1.62% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Commercial Vehicles : The large engine sizes of commercial vehicles (CVs) result in high engine oil volumes requirements. Hence, CVs are the dominant lubricant-consuming vehicle type in Italy.
- Fastest Segment by Vehicle Type - Passenger Vehicles : The scrappage policy adopted by the Spanish government in 2020 is likely to boost the sales of new cars, thereby increasing engine oil consumption in passenger vehicles.
Italy Automotive Engine Oil Market Trends
This section covers the major market trends shaping the Italy Automotive Engine Oils Market according to our research experts:
Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Commercial Vehicles</span>
- In Italy, engine oils segment accounted for the major share of automotive lubricant demand of about 65.27% during 2020. However, the growth of engine oil consumption in Italy during the period was unstable due to the volatile trend in the annual mileage of passenger vehicles in Italy.
- In 2020, the COVID-19 outbreak had resulted in a massive decline in the existing vehicle fleet activity, which subsequently delayed service intervals. As a result, engine oil consumption in the country decreased by around 14.05%.
- Despite the expected recovery in sales and production in the automotive industry, the increasing penetration of electric vehicles is likely to have a marginally negative impact on engine oil consumption. Overall, engine oil consumption is expected to record a CAGR of 2.06% during 2021-2026.
![Italy Automotive Engine Oils Market](https://s3.mordorintelligence.com/italy-automotive-engine-oils-market/1664535802072_italy-automotive-engine-oils-market_Italy_Automotive_Engine_Oils_Market,_Volume_Share,_By_Vehicle_Type,_2020.png)
Italy Automotive Engine Oil Industry Overview
The Italy Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 70.03%. The major players in this market are BP PLC (Castrol), Eni SpA, PETRONAS Lubricants International, Q8Oils and Royal Dutch Shell Plc (sorted alphabetically).
Italy Automotive Engine Oil Market Leaders
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BP PLC (Castrol)
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Eni SpA
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PETRONAS Lubricants International
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Q8Oils
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Royal Dutch Shell Plc
*Disclaimer: Major Players sorted in no particular order
![Italy Automotive Engine Oils Market](https://s3.mordorintelligence.com/ItalyAutomotiveEngineOilsMarket/1664535814395_ItalyAutomotiveEngineOilsMarket_market_concentration.png)
Italy Automotive Engine Oil 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.
- June 2021: TotalEnergies and Stellantis group renewed their partnership for cooperation across different segments. Along with the renewal of partnerships with Peugeot, Citroën, and DS Automobiles, the new collaboration extends to Opel, and Vauxhall as well. This partnership includes the development and innovation of lubricants, first-fill in Stellantis group vehicles, recommendation of Quartz lubricants, and shared usage of charging stations operated by TotalEnergies, among others.
- April 2021: FUCHS Lubricants unveiled TITAN GT1 FLEX C23 SAE 5W-30, a new high-performance engine oil for use in passenger cars and vans.
Italy Automotive Engine Oil 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
4.1 By Vehicle Type
4.1.1 Commercial Vehicles
4.1.2 Motorcycles
4.1.3 Passenger Vehicles
4.2 By Product Grade
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 BP PLC (Castrol)
5.3.2 Eni SpA
5.3.3 ExxonMobil Corporation
5.3.4 FUCHS
5.3.5 LIQUI MOLY
5.3.6 Motul
5.3.7 PETRONAS Lubricants International
5.3.8 Q8Oils
5.3.9 Royal Dutch Shell Plc
5.3.10 TotalEnergies
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Italy Automotive Engine Oil Industry Segmentation
By Vehicle Type | |
Commercial Vehicles | |
Motorcycles | |
Passenger Vehicles |
Italy Automotive Engine Oil Market Research FAQs
How big is the Italy Automotive Engine Oils Market?
The Italy Automotive Engine Oils Market size is expected to reach 155.39 million Liters in 2024 and grow at a CAGR of 1.62% to reach 160.48 million Liters by 2026.
What is the current Italy Automotive Engine Oils Market size?
In 2024, the Italy Automotive Engine Oils Market size is expected to reach 155.39 million Liters.
Who are the key players in Italy Automotive Engine Oils Market?
BP PLC (Castrol), Eni SpA, PETRONAS Lubricants International, Q8Oils and Royal Dutch Shell Plc are the major companies operating in the Italy Automotive Engine Oils Market.
Which segment has the biggest share in the Italy Automotive Engine Oils Market?
In the Italy Automotive Engine Oils Market, the Commercial Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Italy Automotive Engine Oils Market?
In 2024, the Passenger Vehicles segment accounts for the fastest growing by vehicle type in the Italy Automotive Engine Oils Market.
What years does this Italy Automotive Engine Oils Market cover, and what was the market size in 2023?
In 2023, the Italy Automotive Engine Oils Market size was estimated at 150.80 million Liters. The report covers the Italy Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Italy Automotive Engine Oils Market size for years: 2024, 2025 and 2026.
Italy Engine Oil Industry Report
Statistics for the 2024 Italy Engine Oil market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Italy Engine Oil analysis includes a market forecast outlook 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.