Russia Commercial Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 281.93 Million Liters |
| Market Volume (2026) | 280.43 Million Liters |
| CAGR (2024 - 2026) | -0.27 % |
| Market Concentration | High |
Russia Commercial Vehicles Lubricants Market Analysis
The Russia Commercial Vehicles Lubricants Market size is estimated at 281.93 Million Liters in 2024, and is expected decline to 280.43 Million Liters by 2026.
- 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 : An increase in the production and sales of commercial vehicles in the country post 2020 is likely to drive the demand for transmission oils during the forecast period.
Russia Commercial Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Russia Commercial Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : Engine Oils
- In the Russian commercial vehicles segment, lubricant consumption recorded a megative CAGR of -1.29% during 2015-2019. This trend was largely driven by the growing penetration of synthetic lubricants that have longer drain intervals.
- Freight transportation in the country has been negatively affected by the social restrictions imposed due to COVID-19 during the first half of 2020. Thus, in Russia, lubricant consumption in commercial vehicles decreased by 12.97%.
- In Russia, the pent-up demand from 2020 is likely to drive the sales of commercial vehicles during the early part of the forecast period. This factor, in turn, is likely to boost lubricant consumption levels in the country. However, further penetration of synthetic oils that extend service intervals is likely to hinder the growth of lubricant consumption in Russia.
Russia Commercial Vehicles Lubricants Industry Overview
The Russia Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 73.92%. The major players in this market are ExxonMobil Corporation, Gazprom, LUKOIL, ROSNEFT and Royal Dutch Shell Plc (sorted alphabetically).
Russia Commercial Vehicles Lubricants Market Leaders
-
ExxonMobil Corporation
-
Gazprom
-
LUKOIL
-
ROSNEFT
-
Royal Dutch Shell Plc
*Disclaimer: Major Players sorted in no particular order
Russia 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.
- 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.
- 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.
Russia 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 CHEVRON CORPORATION
5.3.3 DelfinGroup
5.3.4 ExxonMobil Corporation
5.3.5 Gazprom
5.3.6 LUKOIL
5.3.7 ROSNEFT
5.3.8 Royal Dutch Shell Plc
5.3.9 SK Lubricants Co. Ltd
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
Russia Commercial Vehicles Lubricants Industry Segmentation
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Russia Commercial Vehicles Lubricants Market Research FAQs
What is the current Russia Commercial Vehicles Lubricants Market size?
In 2024, the Russia Commercial Vehicles Lubricants Market size is expected to reach 281.93 million Liters.
Who are the key players in Russia Commercial Vehicles Lubricants Market?
ExxonMobil Corporation, Gazprom, LUKOIL, ROSNEFT and Royal Dutch Shell Plc are the major companies operating in the Russia Commercial Vehicles Lubricants Market.
Which segment has the biggest share in the Russia Commercial Vehicles Lubricants Market?
In the Russia Commercial Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Russia Commercial Vehicles Lubricants Market?
In 2024, the Transmission & Gear Oils segment accounts for the fastest growing by product type in the Russia Commercial Vehicles Lubricants Market.
What years does this Russia Commercial Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Russia Commercial Vehicles Lubricants Market size was estimated at 284.99 million Liters. The report covers the Russia Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Russia Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Russia Commercial Vehicles Lubricants Industry Report
Statistics for the 2024 Russia Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Russia 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.
Russia Commercial Vehicles Lubricants Report Snapshots
