Russia Passenger Vehicles Lubricants Market Size
Study Period | 2015 - 2026 |
Base Year For Estimation | 2020 |
Market Volume (2024) | 326.09 Million Liters |
Market Volume (2026) | 339.95 Million Liters |
CAGR (2024 - 2026) | 2.10 % |
Market Concentration | High |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Russia Passenger Vehicles Lubricants Market Analysis
The Russia Passenger Vehicles Lubricants Market size is estimated at 326.09 Million Liters in 2024, and is expected to reach 339.95 Million Liters by 2026, growing at a CAGR of 2.10% 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 shorter drain intervals, as it is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Hydraulic Fluids : The expected recovery of automotive sales and production in Russia from 2021 is anticipated to drive the demand for hydraulic fluids in the country during the forecast period.
Russia Passenger Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Russia Passenger Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>
- During 2015-2019, passenger vehicle lubricant consumption in Russia witnessed a CAGR of 1.70%. The major factor driving this surge was the expanding passenger vehicle population in the country. Additionally, the high average age of passenger vehicles in the country has also been a major driving factor for lubricant consumption in this segment.
- In 2020, the COVID-19 outbreak and related lockdowns hindered vehicle production, sales, and maintenance activities at large. As a result, lubricant consumption dropped by 18.38% compared to 2019.
- The second wave of COVID-19 and fluctuating volumes of imported vehicles are likely to negatively affect lubricant consumption for a brief period, followed by a recovery in sales growth. As a result, the passenger vehicle lubricant consumption is projected to record a CAGR of 3.99% during 2021-2026.
Russia Passenger Vehicles Lubricants Industry Overview
The Russia Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 84.58%. The major players in this market are DelfinGroup, Gazprom, LUKOIL, ROSNEFT and Royal Dutch Shell Plc (sorted alphabetically).
Russia Passenger Vehicles Lubricants Market Leaders
-
DelfinGroup
-
Gazprom
-
LUKOIL
-
ROSNEFT
-
Royal Dutch Shell Plc
*Disclaimer: Major Players sorted in no particular order
Russia Passenger Vehicles Lubricants Market News
- 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.
- 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.
Russia Passenger 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 DelfinGroup
5.3.3 ExxonMobil Corporation
5.3.4 Gazprom
5.3.5 LIQUI MOLY
5.3.6 LUKOIL
5.3.7 ROSNEFT
5.3.8 Royal Dutch Shell Plc
5.3.9 SCT Lubricants
5.3.10 SK Lubricants Co. Ltd
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Russia Passenger Vehicles Lubricants Industry Segmentation
By Product Type | |
Engine Oils | |
Greases | |
Hydraulic Fluids | |
Transmission & Gear Oils |
Russia Passenger Vehicles Lubricants Market Research FAQs
How big is the Russia Passenger Vehicles Lubricants Market?
The Russia Passenger Vehicles Lubricants Market size is expected to reach 326.09 million Liters in 2024 and grow at a CAGR of 2.10% to reach 339.95 million Liters by 2026.
What is the current Russia Passenger Vehicles Lubricants Market size?
In 2024, the Russia Passenger Vehicles Lubricants Market size is expected to reach 326.09 million Liters.
Who are the key players in Russia Passenger Vehicles Lubricants Market?
DelfinGroup, Gazprom, LUKOIL, ROSNEFT and Royal Dutch Shell Plc are the major companies operating in the Russia Passenger Vehicles Lubricants Market.
Which segment has the biggest share in the Russia Passenger Vehicles Lubricants Market?
In the Russia Passenger Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Russia Passenger Vehicles Lubricants Market?
In 2024, the Hydraulic Fluids segment accounts for the fastest growing by product type in the Russia Passenger Vehicles Lubricants Market.
What years does this Russia Passenger Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Russia Passenger Vehicles Lubricants Market size was estimated at 322.86 million Liters. The report covers the Russia Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Russia Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Russia Passenger Vehicles Lubricants Industry Report
Statistics for the 2024 Russia Passenger Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Russia Passenger 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.