Italy Commercial Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 125.19 Million Liters |
| Market Volume (2026) | 127.59 Million Liters |
| CAGR (2024 - 2026) | 0.95 % |
| Market Concentration | High |
Italy Commercial Vehicles Lubricants Market Analysis
The Italy Commercial Vehicles Lubricants Market size is estimated at 125.19 Million Liters in 2024, and is expected to reach 127.59 Million Liters by 2026, growing at a CAGR of 0.95% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and low drain intervals. It is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : In Italy, the increase in the usage and sales of commercial vehicles, post 2020, is likely to drive their demand for transmission oils during the forecast period.
Italy Commercial Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Italy Commercial Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : Engine Oils
- Post 2016, lubricant consumption for commercial vehicles in Italy has been declining consistently. This trend was primarily due to declining sales and production of commercial vehicles in the country before 2020.
- Post the COVID-19 outbreak, freight transportation in the country was negatively affected due to the social restrictions imposed as a result of the pandemic during the first half of 2020. Consequently, lubricant consumption in commercial vehicles in the country decreased by 8.32%.
- The average age of commercial vehicles in Italy is significantly higher compared to vehicles in other European countries. Hence, the growing need to phase out older vehicles and the increasing demand for synthetic lubricants are expected to drive the CV lubricants market at a moderate CAGR of 1.64% between 2021-2026.
Italy Commercial Vehicles Lubricants Industry Overview
The Italy Commercial Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 58.79%. The major players in this market are BP PLC (Castrol), Eni SpA, PETRONAS Lubricants International, Q8Oils and Royal Dutch Shell Plc (sorted alphabetically).
Italy Commercial Vehicles Lubricants 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 Commercial Vehicles 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.
- March 2021: Castrol announced the launch of Castrol ON (a Castrol e-fluid range that includes e-gear oils, e-coolants, and e-greases) to its product portfolio. This range is specially designed for electric vehicles.
- March 2021: Hyundai Motor Company and Royal Dutch Shell PLC announced a five-year global business cooperation agreement, with a new focus on clean energy and carbon reduction, to help Hyundai continue its transformation as a Smart Mobility Solution Provider.
Italy Commercial Vehicles 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 Product Type
4.1.1 Engine Oils
4.1.2 Greases
4.1.3 Hydraulic Fluids
4.1.4 Transmission & Gear Oils
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 PETRONAS Lubricants International
5.3.6 Q8Oils
5.3.7 Repsol
5.3.8 Rilub
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 Commercial Vehicles Lubricants Industry Segmentation
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Italy Commercial Vehicles Lubricants Market Research FAQs
How big is the Italy Commercial Vehicles Lubricants Market?
The Italy Commercial Vehicles Lubricants Market size is expected to reach 125.19 million Liters in 2024 and grow at a CAGR of 0.95% to reach 127.59 million Liters by 2026.
What is the current Italy Commercial Vehicles Lubricants Market size?
In 2024, the Italy Commercial Vehicles Lubricants Market size is expected to reach 125.19 million Liters.
Who are the key players in Italy Commercial Vehicles Lubricants Market?
BP PLC (Castrol), Eni SpA, PETRONAS Lubricants International, Q8Oils and Royal Dutch Shell Plc are the major companies operating in the Italy Commercial Vehicles Lubricants Market.
Which segment has the biggest share in the Italy Commercial Vehicles Lubricants Market?
In the Italy Commercial Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Italy Commercial Vehicles Lubricants Market?
In 2024, the Transmission & Gear Oils segment accounts for the fastest growing by product type in the Italy Commercial Vehicles Lubricants Market.
What years does this Italy Commercial Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Italy Commercial Vehicles Lubricants Market size was estimated at 122.46 million Liters. The report covers the Italy Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Italy Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Italy Commercial Vehicles Lubricants Industry Report
Statistics for the 2024 Italy Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Italy Commercial Vehicles Lubricants analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
