How big is the Germany Lubricants Market?

The Germany Lubricants Market size is expected to reach 928.87 million Liters in 2024 and grow at a CAGR of 1.66% to reach 959.89 million Liters by 2026. Read More

What is the current Germany Lubricants Market size?

In 2024, the Germany Lubricants Market size is expected to reach 928.87 million Liters. Read More

Who are the key players in Germany Lubricants Market?

BP Plc (Castrol), ExxonMobil Corporation, FUCHS, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Germany Lubricants Market. Read More

Which segment has the biggest share in the Germany Lubricants Market?

In the Germany Lubricants Market, the Automotive segment accounts for the largest share by end user. Read More

Which is the fastest growing segment in the Germany Lubricants Market?

In 2024, the Heavy Equipment segment accounts for the fastest growing by end user in the Germany Lubricants Market. Read More

What years does this Germany Lubricants Market cover, and what was the market size in 2023?

In 2023, the Germany Lubricants Market size was estimated at 908.14 million Liters. The report covers the Germany Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Germany Lubricants Market size for years: 2024, 2025 and 2026. Read More

Germany Lubricants Market Trends

Statistics for the 2023 & 2024 Germany Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Germany 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 germany lubricants Industry

This section covers the major market trends shaping the Germany Lubricants Market according to our research experts:

Largest Segment By End User : Automotive

In 2020, the German lubricants market was dominated by the automotive industry, which accouted for around 43.26% of the total lubricant conusmption in the country. During 2015-2019, the lubricant consumption in the automotive industry declined by a CAGR of 0.39%.
In 2020, COVID-19 related restrictions led to declined maintenance requirments from several industries. The major impact was observed in the automotive industry, which recorded a dip of 16.82%, followed by heavy equipment (11.35%), during the year.
Heavy equipment is likely to be the fastest-growing end-user industry of the market studied, and it is expected to register a CAGR of 2.1% during 2021-2026, followed by automotive (1.88%). The expected recovery in the sales of and usage of construction equipment is likely to drive the consumption of lubricants during the next five years.