Bulgaria Automotive Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 19.13 Million Liters |
| Market Volume (2026) | 20.09 Million Liters |
| CAGR (2024 - 2026) | 2.48 % |
| Market Concentration | High |
Bulgaria Automotive Lubricants Market Analysis
The Bulgaria Automotive Lubricants Market size is estimated at 19.13 Million Liters in 2024, and is expected to reach 20.09 Million Liters by 2026, growing at a CAGR of 2.48% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : The vast population of new and used passenger vehicles in Bulgaria resulted in the highest lubricant consumption levels in the country's passenger vehicles sector.
- Fastest Segment by Vehicle Type - Commercial Vehicles : In Bulgaria, the expected recovery in business activities and used commercial vehicle sales is likely to drive the demand for lubricants during the forecast period.
- Largest Segment by Product Type - Engine Oils : Engine oils form the leading product type due to their high volume requirements and short drain intervals, as they are used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Hydraulic Fluids : In Bulgaria, the expected recovery in automotive sales, usage, and production since 2021 is likely to drive the demand for hydraulic oils during the forecast period.
Bulgaria Automotive Lubricants Market Trends
This section covers the major market trends shaping the Bulgaria Automotive Lubricants Market according to our research experts:
Largest Segment By Vehicle Type : Passenger Vehicles
- Among all vehicle types, passenger vehicles accounted for 81.51% of the total on-road vehicles in 2020, generating the highest demand for lubricants in Bulgaria. Passenger vehicles accounted for 66.41% of the total lubricant volume consumption in 2020.
- However, this reflected a dip in its lubricant share of 68.91%, recorded in 2019. Social restrictions imposed to curb the COVID-19 outbreak affected lubricant consumption in passenger vehicles. With an expected recovery in sales, lubricant consumption in passenger vehicles is also likely to increase over the forecast period.
- The commercial vehicles segment is likely to record the highest CAGR of 3% over the forecast period. Fast recovery is expected in the sales of commercial vehicles due to the increase in the demand for freight transportation with trade activities, and thus adding to the demand for lubricants.
Bulgaria Automotive Lubricants Industry Overview
The Bulgaria Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 94.19%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, Prista Oil, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).
Bulgaria Automotive Lubricants Market Leaders
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BP PLC (Castrol)
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ExxonMobil Corporation
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Prista Oil
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Royal Dutch Shell Plc
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TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Bulgaria Automotive 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.
- 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: Texaco Lubricants introduced three new engine oils within the successful Texaco Havoline ProDS range, each with manufacturer approvals. The oils have been designed to provide enhanced wear protection even with a lubricant layer of 2 microns.
Bulgaria Automotive 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
4.1 By Vehicle Type
4.1.1 Commercial Vehicles
4.1.2 Motorcycles
4.1.3 Passenger Vehicles
4.2 By Product Type
4.2.1 Engine Oils
4.2.2 Greases
4.2.3 Hydraulic Fluids
4.2.4 Transmission & Gear Oils
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 AVIA International
5.3.2 BP PLC (Castrol)
5.3.3 CHEVRON CORPORATION
5.3.4 Eni SpA
5.3.5 ExxonMobil Corporation
5.3.6 Gazprom
5.3.7 INSA
5.3.8 LIQUI MOLY
5.3.9 LUKOIL
5.3.10 Motul
5.3.11 Prista Oil
5.3.12 Royal Dutch Shell Plc
5.3.13 TotalEnergies
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Bulgaria Automotive Lubricants Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Bulgaria Automotive Lubricants Market Research FAQs
How big is the Bulgaria Automotive Lubricants Market?
The Bulgaria Automotive Lubricants Market size is expected to reach 19.13 million Liters in 2024 and grow at a CAGR of 2.48% to reach 20.09 million Liters by 2026.
What is the current Bulgaria Automotive Lubricants Market size?
In 2024, the Bulgaria Automotive Lubricants Market size is expected to reach 19.13 million Liters.
Who are the key players in Bulgaria Automotive Lubricants Market?
BP PLC (Castrol), ExxonMobil Corporation, Prista Oil, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Bulgaria Automotive Lubricants Market.
Which segment has the biggest share in the Bulgaria Automotive Lubricants Market?
In the Bulgaria Automotive Lubricants Market, the Passenger Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Bulgaria Automotive Lubricants Market?
In 2024, the Commercial Vehicles segment accounts for the fastest growing by vehicle type in the Bulgaria Automotive Lubricants Market.
What years does this Bulgaria Automotive Lubricants Market cover, and what was the market size in 2023?
In 2023, the Bulgaria Automotive Lubricants Market size was estimated at 18.83 million Liters. The report covers the Bulgaria Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bulgaria Automotive Lubricants Market size for years: 2024, 2025 and 2026.
Bulgaria Automotive Lubricants Industry Report
Statistics for the 2023 Bulgaria Automotive Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bulgaria Automotive Lubricants analysis includes a market forecast outlook to 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Bulgaria Automotive Lubricants Market Report Snapshots
