Spain Commercial Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 103.13 Million Liters |
| Market Volume (2026) | 106.88 Million Liters |
| CAGR (2024 - 2026) | 1.80 % |
| Market Concentration | High |
Spain Commercial Vehicles Lubricants Market Analysis
The Spain Commercial Vehicles Lubricants Market size is estimated at 103.13 Million Liters in 2024, and is expected to reach 106.88 Million Liters by 2026, growing at a CAGR of 1.8% 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 - Engine Oils : In Spain, the increase in the usage and sales of commercial vehicles post the year 2020 is likely to drive the demand for engine oils during the forecast period.
Spain Commercial Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Spain Commercial Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : Engine Oils
- In 2015, the commercial vehicles (CVs) segment accounted for a majority share of 53.1% of the overall Spanish automotive lubricants market. During 2015-2019, the segment recorded a CAGR of 1.64%. The share of lubricants in the CV segment decreased to 51.3% by 2019.
- In 2020, the year-on-year decrease in the segment’s lubricant consumption rate was lower (-7.34%) compared to other vehicle segments due to the sustained demand for freight transportation - which was considered an essential activity during the lockdown.
- The sales of used trucks and new commercial vehicles are estimated to increase due to a surge in trade activities with other European countries, along with the implementation of a new scrappage policy in 2020. Hence, lubricant consumption in the CV segment is estimated to record a CAGR of 1.94% during 2021-2026.
Spain Commercial Vehicles Lubricants Industry Overview
The Spain Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 65.80%. The major players in this market are CEPSA, ExxonMobil Corporation, Repsol, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).
Spain Commercial Vehicles Lubricants Market Leaders
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CEPSA
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ExxonMobil Corporation
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Repsol
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Royal Dutch Shell Plc
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TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Spain 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.
Spain 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 CEPSA
5.3.3 CHEVRON CORPORATION
5.3.4 Eni SpA
5.3.5 ExxonMobil Corporation
5.3.6 Galp Energia
5.3.7 Motul
5.3.8 Repsol
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
Spain Commercial Vehicles Lubricants Industry Segmentation
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Spain Commercial Vehicles Lubricants Market Research FAQs
How big is the Spain Commercial Vehicles Lubricants Market?
The Spain Commercial Vehicles Lubricants Market size is expected to reach 103.13 million Liters in 2024 and grow at a CAGR of 1.8% to reach 106.88 million Liters by 2026.
What is the current Spain Commercial Vehicles Lubricants Market size?
In 2024, the Spain Commercial Vehicles Lubricants Market size is expected to reach 103.13 million Liters.
Who are the key players in Spain Commercial Vehicles Lubricants Market?
CEPSA, ExxonMobil Corporation, Repsol, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Spain Commercial Vehicles Lubricants Market.
Which segment has the biggest share in the Spain Commercial Vehicles Lubricants Market?
In the Spain Commercial Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Spain Commercial Vehicles Lubricants Market?
In 2024, the Engine Oils segment accounts for the fastest growing by product type in the Spain Commercial Vehicles Lubricants Market.
What years does this Spain Commercial Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Spain Commercial Vehicles Lubricants Market size was estimated at 101.31 million Liters. The report covers the Spain Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spain Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Spain Commercial Vehicles Lubricants Industry Report
Statistics for the 2024 Spain Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spain 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.
