Europe Automotive Engine Oils Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 2.25 Billion Liters |
| Market Volume (2026) | 2.31 Billion Liters |
| CAGR (2024 - 2026) | 1.32 % |
| Market Concentration | High |
Europe Automotive Engine Oils Market Analysis
The Europe Automotive Engine Oils Market size is estimated at 2.25 Billion Liters in 2024, and is expected to reach 2.31 Billion Liters by 2026, growing at a CAGR of 1.32% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : The highest lubricant consumption from the passenger vehicles sector was due to the high annual travel rates and requirement of regular oil changes in vehicles in Europe.
- Fastest Segment by Vehicle Type - Passenger Vehicles : The expected recovery of the production and sales of passenger vehicles in Europe from 2021 is likely to boost their engine oil consumption during the forecast period.
- Largest Country Market - Russia : Compared to other European countries, Russia is the largest market for engine oils owing to the large population of old commercial trucks and passenger vehicles.
- Fastest Growing Country Market - Poland : The gradual recovery in average travel rates and rise in the sales of new passenger vehicles are expected to boost the demand for engine oils in Poland in the coming years.
Europe Automotive Engine Oils Market Trends
This section covers the major market trends shaping the Europe Automotive Engine Oils Market according to our research experts:
Largest Segment By Vehicle Type : Passenger Vehicles
- Engine oils are the most used automotive lubricants among all product types and account for more than 70% of the total lubricant consumption volume in the industry. During 2015-2018, engine oil consumption witnessed significant growth. However, the region's declining annual mileage and production output of vehicles caused a 1% drop in engine oil consumption during 2019.
- In 2020, the COVID-19 outbreak resulted in a huge decline in the usage of existing European vehicle fleets. As a result, engine oil consumption in the region decreased by around 15.83%.
- Despite the expected recovery in sales and production of passenger vehicles, an increase in the penetration of electric vehicles is expected to have a negative impact on engine oil consumption. Additionally, the persisting COVID-19 crisis is likely to hinder the growth of engine oil consumption in the region.
Largest Country : Russia
- During 2015-2019, the European automotive engine oil market witnessed an increase of around 2% in engine oil demand. During this period, Russia was the leading consumer of automotive engine oils among European countries, owing to the presence of many old commercial vehicles in the country.
- Poland is expected to be the fastest-growing automotive engine oil market in Europe during the forecast period. The anticipated growth in the number of low-cost passenger vehicle units in the country is likely to drive engine oil consumption significantly.
- Major countries, like Germany, France, and the United Kingdom, are likely to witness a rapid surge in electric vehicle adoption due to the financial incentives provided by the governments. This trend is expected to hamper the growth in engine oil consumption in Europe during the next five years.
Europe Automotive Engine Oils Industry Overview
The Europe Automotive Engine Oils Market is moderately consolidated, with the top five companies occupying 49.74%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, LUKOIL, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).
Europe Automotive Engine Oils Market Leaders
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BP PLC (Castrol)
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ExxonMobil Corporation
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LUKOIL
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Royal Dutch Shell Plc
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TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Europe Automotive Engine Oils 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.
- September 2021: Lukoil Group and Daimler AG, one of the world's major automobile manufacturers, expanded their relationship in Lukoil lubricants' first fill supplies for the brand's premium passenger cars' engines. Low-viscosity Lukoil Genesis engine oil, developed by LLK-International (PJSC LUKOIL wholly owned subsidiary) for modern gasoline and diesel engines of the car manufacturer in compliance with one of its newest first fill standards, will be added to the product portfolio. In comparison to the previous generation, the new product delivered dependable engine protection and increased fuel economy.
- 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.
Europe Automotive Engine Oils 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
4.3 By Country
4.3.1 Bulgaria
4.3.2 France
4.3.3 Germany
4.3.4 Italy
4.3.5 Norway
4.3.6 Poland
4.3.7 Russia
4.3.8 Spain
4.3.9 United Kingdom
4.3.10 Rest of Europe
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 CHEVRON CORPORATION
5.3.3 ExxonMobil Corporation
5.3.4 FUCHS
5.3.5 Gazprom
5.3.6 LIQUI MOLY
5.3.7 LUKOIL
5.3.8 Motul
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
Europe Automotive Engine Oils Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
| By Country | |
| Bulgaria | |
| France | |
| Germany | |
| Italy | |
| Norway | |
| Poland | |
| Russia | |
| Spain | |
| United Kingdom | |
| Rest of Europe |
Europe Automotive Engine Oils Market Research FAQs
How big is the Europe Automotive Engine Oils Market?
The Europe Automotive Engine Oils Market size is expected to reach 2.25 billion Liters in 2024 and grow at a CAGR of 1.32% to reach 2.31 billion Liters by 2026.
What is the current Europe Automotive Engine Oils Market size?
In 2024, the Europe Automotive Engine Oils Market size is expected to reach 2.25 billion Liters.
Who are the key players in Europe Automotive Engine Oils Market?
BP PLC (Castrol), ExxonMobil Corporation, LUKOIL, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Europe Automotive Engine Oils Market.
Which segment has the biggest share in the Europe Automotive Engine Oils Market?
In the Europe Automotive Engine Oils Market, the Passenger Vehicles segment accounts for the largest share by vehicle type.
Which country has the biggest share in the Europe Automotive Engine Oils Market?
In 2024, Russia accounts for the largest share by country in the Europe Automotive Engine Oils Market.
What years does this Europe Automotive Engine Oils Market cover, and what was the market size in 2023?
In 2023, the Europe Automotive Engine Oils Market size was estimated at 2.21 billion Liters. The report covers the Europe Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Automotive Engine Oils Market size for years: 2024, 2025 and 2026.
Europe Automotive Engine Oils Industry Report
Statistics for the 2024 Europe Automotive Engine Oils market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Automotive Engine Oils analysis includes a market forecast outlook 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
