Norway Automotive Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 23.71 Million Liters |
| Market Volume (2026) | 24.18 Million Liters |
| CAGR (2024 - 2026) | 0.99 % |
| Market Concentration | High |
Norway Automotive Lubricants Market Analysis
The Norway Automotive Lubricants Market size is estimated at 23.71 Million Liters in 2024, and is expected to reach 24.18 Million Liters by 2026, growing at a CAGR of 0.99% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Commercial Vehicles : The highest lubricant consumption in the commercial vehicles sector of the country is attributed to the high average lubricant requirements for commercial vehicles in Norway.
- Fastest Segment by Vehicle Type - Commercial Vehicles : The resurgence in economic activity, supported by the need for engine oils for the existing fleet in Norway, is likely to drive the demand for lubricants in the coming years.
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and shorter drain intervals, as it is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : Growing electric vehicle sales and increasing automatic transmissions in the country are likely to drive the demand for transmission oils during the forecast period.
Norway Automotive Lubricants Market Trends
This section covers the major market trends shaping the Norway Automotive Lubricants Market according to our research experts:
Largest Segment By Vehicle Type : Commercial Vehicles
- In Norway, passenger vehicles (PVs) accounted for 75.32% of the total number of on-road vehicles in 2020, followed by commercial vehicles (CVs) and motorcycles, with a share of 15.14% and 9.54%, respectively.
- In 2020, commercial vehicles accounted for the highest share of 55.57% in total lubricant consumption, as compared to 54.46% in 2019. This was due to a notable dip in lubricant consumption in the PVs segment, with a comparatively lesser dip in the CVs segment due to freight transportation requirements amid COVID-19 in 2020.
- The CVs segment is projected to be the fastest-growing lubricant consumer, with a CAGR of 2.41%, over the forecast period, due to the recovery in sales from the COVID-19 impact. In Norway, though commercial vehicles majorly have combustion engines, their lubricant consumption is likely to increase with a rise in sales and the average distance traveled per year.
Norway Automotive Lubricants Industry Overview
The Norway Automotive Lubricants Market is moderately consolidated, with the top five companies occupying 53.21%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, FUCHS, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).
Norway Automotive Lubricants Market Leaders
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BP PLC (Castrol)
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ExxonMobil Corporation
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FUCHS
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Royal Dutch Shell Plc
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TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Norway 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.
- October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.
- 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.
Norway 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 BP PLC (Castrol)
5.3.2 Champion Lubricants
5.3.3 CHEVRON CORPORATION
5.3.4 ExxonMobil Corporation
5.3.5 FUCHS
5.3.6 Gulf Oil International
5.3.7 Motul
5.3.8 PETRONAS Lubricants International
5.3.9 Royal Dutch Shell Plc
5.3.10 TotalEnergies
5.3.11 Valvoline Inc.
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Norway Automotive Lubricants Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Norway Automotive Lubricants Market Research FAQs
How big is the Norway Automotive Lubricants Market?
The Norway Automotive Lubricants Market size is expected to reach 23.71 million Liters in 2024 and grow at a CAGR of 0.99% to reach 24.18 million Liters by 2026.
What is the current Norway Automotive Lubricants Market size?
In 2024, the Norway Automotive Lubricants Market size is expected to reach 23.71 million Liters.
Who are the key players in Norway Automotive Lubricants Market?
BP PLC (Castrol), ExxonMobil Corporation, FUCHS, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Norway Automotive Lubricants Market.
Which segment has the biggest share in the Norway Automotive Lubricants Market?
In the Norway Automotive Lubricants Market, the Commercial Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Norway Automotive Lubricants Market?
In 2024, the Commercial Vehicles segment accounts for the fastest growing by vehicle type in the Norway Automotive Lubricants Market.
What years does this Norway Automotive Lubricants Market cover, and what was the market size in 2023?
In 2023, the Norway Automotive Lubricants Market size was estimated at 23.33 million Liters. The report covers the Norway Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Norway Automotive Lubricants Market size for years: 2024, 2025 and 2026.
Norway Automotive Lubricants Industry Report
Statistics for the 2024 Norway Automotive Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Norway Automotive Lubricants analysis includes a market forecast outlook 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
