Key Insights
The European automotive engine oils market is projected for robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 1.45%. With a current market size estimated at 2.33 billion in the base year of 2024, the sector is set for significant expansion through 2033. Key growth drivers include an expanding vehicle parc across Europe, particularly in developing economies, alongside increasingly stringent emission standards that necessitate high-performance, eco-friendly engine oils. The burgeoning electric vehicle (EV) landscape presents both challenges and opportunities; while EV adoption reduces demand for traditional oils, the market will witness growth in specialized lubricants for hybrid vehicles and other EV components. Furthermore, the widespread adoption of synthetic and semi-synthetic engine oils, known for their superior performance and extended service life, is a major contributor to market expansion. However, fluctuations in crude oil prices and potential economic downturns pose risks by impacting production costs and consumer expenditure, which could moderate growth rates. The market is segmented by oil type (synthetic, mineral, semi-synthetic), vehicle type (passenger cars, commercial vehicles), and application (OEM, aftermarket). Leading global entities such as BP PLC (Castrol), Chevron, ExxonMobil, Fuchs, and Shell command substantial market share due to their extensive distribution networks and established brand equity. Future market trajectory will be largely influenced by technological innovations, sustainable manufacturing practices, and the agility of market players in adapting to the automotive industry's evolving demands.
Automotive Engine Oils Market of Europe Market Size (In Billion)
The competitive environment is characterized by intense rivalry between established multinational corporations and regional specialists. The market demonstrates a significant degree of consolidation, with a few dominant players holding considerable market influence. Strategic alliances, mergers, acquisitions, and dedicated investments in research and development are vital for maintaining competitive positioning and capitalizing on emerging prospects. The introduction of advanced lubricant formulations engineered for enhanced fuel efficiency and reduced emissions is emerging as a critical differentiator. The long-term outlook forecasts continued moderate expansion, with market dynamics shaped by the ongoing transition to electric mobility and the persistent necessity for lubrication in the vast existing fleet of internal combustion engine vehicles. Market growth will remain susceptible to macroeconomic conditions, technological advancements, and the diverse environmental regulations enacted across European nations.
Automotive Engine Oils Market of Europe Company Market Share
Automotive Engine Oils Market of Europe: A Comprehensive Market Report (2019-2033)
This detailed report provides a comprehensive analysis of the Automotive Engine Oils Market in Europe, covering the period from 2019 to 2033. It offers actionable insights for industry stakeholders, including manufacturers, distributors, and investors, by examining market trends, competitive landscapes, and growth opportunities. The report utilizes a robust methodology, incorporating historical data (2019-2024), a base year of 2025, and forecasts extending to 2033. All monetary values are expressed in Millions.
Automotive Engine Oils Market of Europe Market Concentration & Innovation
This section analyzes the competitive landscape of the European automotive engine oils market, examining market concentration, innovation drivers, regulatory frameworks, and M&A activities. The market is moderately concentrated, with key players holding significant market share. However, the presence of several smaller, specialized players fosters innovation and competition.
- Market Concentration: The top five players hold approximately xx% of the market share in 2025, indicating a moderately concentrated market. Further analysis reveals that this concentration is expected to xx% by 2033.
- Innovation Drivers: Stringent emission regulations, the rising demand for fuel-efficient vehicles, and the growing adoption of advanced engine technologies are key drivers of innovation in the industry. Manufacturers are investing heavily in the research and development of low-viscosity oils and synthetic blends to meet these evolving demands.
- Regulatory Frameworks: EU regulations on emissions and lubricant specifications significantly impact the market. Compliance with these regulations necessitates continuous innovation and adaptation by manufacturers.
- Product Substitutes: While there are few direct substitutes for conventional engine oils, the market faces indirect competition from alternative fuels and electric vehicles. This competition is expected to intensify in the forecast period.
- End-User Trends: The increasing adoption of longer drain intervals and the growing demand for high-performance oils drive market growth. Consumer preference is shifting toward synthetic oils due to their superior performance and longevity.
- M&A Activities: The past few years have witnessed several mergers and acquisitions (M&A) in the industry, including partnerships that aim to optimize supply chains and enhance product offerings. The total value of M&A deals in the automotive engine oils sector in Europe between 2019 and 2024 is estimated to be xx Million.
Automotive Engine Oils Market of Europe Industry Trends & Insights
This section explores the dynamic trends shaping the European automotive engine oils market. The market is experiencing steady growth driven by factors such as the increasing number of vehicles on the road, rising disposable incomes, and the expanding automotive industry in emerging European economies. The compound annual growth rate (CAGR) for the market is projected to be xx% during the forecast period (2025-2033). Market penetration of synthetic oils is expected to increase from xx% in 2025 to xx% by 2033.
Technological disruptions, including the development of advanced engine oils and improved lubricant formulations, are reshaping the competitive landscape. Changing consumer preferences towards environmentally friendly and higher-performance lubricants are influencing product development and marketing strategies. The increasing adoption of electric vehicles is a potential threat that is being mitigated by the development of specialized lubricants for electric vehicle components. Competitive dynamics are characterized by intense competition among major players, leading to pricing pressures and the introduction of innovative products.
Dominant Markets & Segments in Automotive Engine Oils Market of Europe
Germany is the leading market in Europe, followed by France and the United Kingdom. This dominance is attributed to factors like:
- Germany:
- Strong automotive manufacturing sector.
- High vehicle density.
- Advanced technological infrastructure.
- Stringent emission regulations driving demand for high-quality lubricants.
- France & United Kingdom:
- Large vehicle populations.
- Established automotive industries.
- Growing focus on sustainable mobility solutions.
The passenger car segment dominates the market, followed by the commercial vehicle segment. The growth in the passenger car segment is fueled by the increasing demand for personal vehicles. The commercial vehicle segment is driven by the growth in logistics and transportation activities. The market is segmented based on various factors, including oil type (conventional, semi-synthetic, fully synthetic), viscosity grade, application (passenger cars, commercial vehicles, etc.), and distribution channel.
Automotive Engine Oils Market of Europe Product Developments
Recent product innovations focus on improving fuel efficiency, extending drain intervals, and enhancing engine protection. Manufacturers are introducing advanced synthetic blends and low-viscosity oils to meet stringent emission regulations and cater to the growing demand for environmentally friendly lubricants. These developments reflect a trend towards longer-lasting, higher-performing engine oils that better protect modern engines.
Report Scope & Segmentation Analysis
This report segments the European automotive engine oils market by oil type (conventional, semi-synthetic, fully synthetic), viscosity grade (SAE 0W-20, 5W-30, 10W-40, etc.), vehicle type (passenger cars, commercial vehicles, heavy-duty vehicles), application (first fill, aftermarket), and distribution channel (OEMs, independent distributors, retailers). Each segment's growth projections, market sizes, and competitive dynamics are analyzed thoroughly.
Key Drivers of Automotive Engine Oils Market of Europe Growth
Several factors contribute to the market's growth:
- Stringent Emission Regulations: EU regulations are pushing manufacturers to develop more fuel-efficient engine oils.
- Technological Advancements: The development of advanced lubricants enhances engine performance and longevity.
- Growing Vehicle Population: An increasing number of vehicles on the road fuels demand for engine oils.
- Rising Disposable Incomes: Higher disposable incomes are driving demand for high-quality lubricants.
Challenges in the Automotive Engine Oils Market of Europe Sector
The market faces several challenges:
- Fluctuating Crude Oil Prices: Crude oil price volatility impacts raw material costs and profitability.
- Increased Competition: Intense competition among existing players puts pressure on margins.
- Environmental Concerns: Regulations on environmental protection require manufacturers to adopt sustainable practices.
- Economic Downturns: Economic instability can reduce consumer spending on automotive products.
Emerging Opportunities in Automotive Engine Oils Market of Europe
The market presents opportunities in:
- Bio-based Lubricants: Growing interest in eco-friendly products drives demand for bio-based engine oils.
- Electric Vehicle Lubricants: The rise of electric vehicles requires specialized lubricants for their components.
- Advanced Lubricant Formulations: Developing customized lubricants for specific engine types offers growth potential.
Leading Players in the Automotive Engine Oils Market of Europe Market
- BP PLC (Castrol)
- CHEVRON CORPORATION
- ExxonMobil Corporation
- FUCHS
- Gazprom
- LIQUI MOLY
- LUKOIL
- Motul
- Royal Dutch Shell Plc
- TotalEnergies
Key Developments in Automotive Engine Oils Market of Europe Industry
- June 2021: TotalEnergies and Stellantis group renewed their partnership, expanding cooperation across segments including lubricant development and first-fill supplies. This strengthened their market position and expanded their reach within the automotive sector.
- September 2021: Lukoil Group and Daimler AG partnered to supply Lukoil's low-viscosity Genesis engine oil as first fill for Daimler's premium passenger cars. This significantly boosted Lukoil's presence within the premium segment.
- January 2022: ExxonMobil Corporation reorganized into three business lines, including ExxonMobil Product Solutions, signifying a strategic focus on refining and marketing operations, thus impacting its lubricant offerings.
Strategic Outlook for Automotive Engine Oils Market of Europe Market
The European automotive engine oils market is poised for continued growth, driven by technological advancements, stringent environmental regulations, and the rising demand for high-performance vehicles. Opportunities exist in developing sustainable and eco-friendly lubricants, catering to the needs of electric vehicles, and expanding into emerging markets. The market's future growth will depend on navigating challenges related to fluctuating crude oil prices and intense competition.
Automotive Engine Oils Market of Europe Segmentation
-
1. Vehicle Type
- 1.1. Commercial Vehicles
- 1.2. Motorcycles
- 1.3. Passenger Vehicles
- 2. Product Grade
Automotive Engine Oils Market of Europe Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Mexico
-
2. South America
- 2.1. Brazil
- 2.2. Argentina
- 2.3. Rest of South America
-
3. Europe
- 3.1. United Kingdom
- 3.2. Germany
- 3.3. France
- 3.4. Italy
- 3.5. Spain
- 3.6. Russia
- 3.7. Benelux
- 3.8. Nordics
- 3.9. Rest of Europe
-
4. Middle East & Africa
- 4.1. Turkey
- 4.2. Israel
- 4.3. GCC
- 4.4. North Africa
- 4.5. South Africa
- 4.6. Rest of Middle East & Africa
-
5. Asia Pacific
- 5.1. China
- 5.2. India
- 5.3. Japan
- 5.4. South Korea
- 5.5. ASEAN
- 5.6. Oceania
- 5.7. Rest of Asia Pacific
Automotive Engine Oils Market of Europe Regional Market Share
Geographic Coverage of Automotive Engine Oils Market of Europe
Automotive Engine Oils Market of Europe REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 1.45% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Restrains
- 3.4. Market Trends
- 3.4.1. Largest Segment By Vehicle Type
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Automotive Engine Oils Market of Europe Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 5.1.1. Commercial Vehicles
- 5.1.2. Motorcycles
- 5.1.3. Passenger Vehicles
- 5.2. Market Analysis, Insights and Forecast - by Product Grade
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. South America
- 5.3.3. Europe
- 5.3.4. Middle East & Africa
- 5.3.5. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 6. North America Automotive Engine Oils Market of Europe Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 6.1.1. Commercial Vehicles
- 6.1.2. Motorcycles
- 6.1.3. Passenger Vehicles
- 6.2. Market Analysis, Insights and Forecast - by Product Grade
- 6.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 7. South America Automotive Engine Oils Market of Europe Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 7.1.1. Commercial Vehicles
- 7.1.2. Motorcycles
- 7.1.3. Passenger Vehicles
- 7.2. Market Analysis, Insights and Forecast - by Product Grade
- 7.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 8. Europe Automotive Engine Oils Market of Europe Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 8.1.1. Commercial Vehicles
- 8.1.2. Motorcycles
- 8.1.3. Passenger Vehicles
- 8.2. Market Analysis, Insights and Forecast - by Product Grade
- 8.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 9. Middle East & Africa Automotive Engine Oils Market of Europe Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 9.1.1. Commercial Vehicles
- 9.1.2. Motorcycles
- 9.1.3. Passenger Vehicles
- 9.2. Market Analysis, Insights and Forecast - by Product Grade
- 9.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 10. Asia Pacific Automotive Engine Oils Market of Europe Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 10.1.1. Commercial Vehicles
- 10.1.2. Motorcycles
- 10.1.3. Passenger Vehicles
- 10.2. Market Analysis, Insights and Forecast - by Product Grade
- 10.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 BP PLC (Castrol)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 CHEVRON CORPORATION
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 ExxonMobil Corporation
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 FUCHS
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Gazprom
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 LIQUI MOLY
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 LUKOIL
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Motul
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Royal Dutch Shell Plc
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 TotalEnergie
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 BP PLC (Castrol)
List of Figures
- Figure 1: Global Automotive Engine Oils Market of Europe Revenue Breakdown (billion, %) by Region 2025 & 2033
- Figure 2: North America Automotive Engine Oils Market of Europe Revenue (billion), by Vehicle Type 2025 & 2033
- Figure 3: North America Automotive Engine Oils Market of Europe Revenue Share (%), by Vehicle Type 2025 & 2033
- Figure 4: North America Automotive Engine Oils Market of Europe Revenue (billion), by Product Grade 2025 & 2033
- Figure 5: North America Automotive Engine Oils Market of Europe Revenue Share (%), by Product Grade 2025 & 2033
- Figure 6: North America Automotive Engine Oils Market of Europe Revenue (billion), by Country 2025 & 2033
- Figure 7: North America Automotive Engine Oils Market of Europe Revenue Share (%), by Country 2025 & 2033
- Figure 8: South America Automotive Engine Oils Market of Europe Revenue (billion), by Vehicle Type 2025 & 2033
- Figure 9: South America Automotive Engine Oils Market of Europe Revenue Share (%), by Vehicle Type 2025 & 2033
- Figure 10: South America Automotive Engine Oils Market of Europe Revenue (billion), by Product Grade 2025 & 2033
- Figure 11: South America Automotive Engine Oils Market of Europe Revenue Share (%), by Product Grade 2025 & 2033
- Figure 12: South America Automotive Engine Oils Market of Europe Revenue (billion), by Country 2025 & 2033
- Figure 13: South America Automotive Engine Oils Market of Europe Revenue Share (%), by Country 2025 & 2033
- Figure 14: Europe Automotive Engine Oils Market of Europe Revenue (billion), by Vehicle Type 2025 & 2033
- Figure 15: Europe Automotive Engine Oils Market of Europe Revenue Share (%), by Vehicle Type 2025 & 2033
- Figure 16: Europe Automotive Engine Oils Market of Europe Revenue (billion), by Product Grade 2025 & 2033
- Figure 17: Europe Automotive Engine Oils Market of Europe Revenue Share (%), by Product Grade 2025 & 2033
- Figure 18: Europe Automotive Engine Oils Market of Europe Revenue (billion), by Country 2025 & 2033
- Figure 19: Europe Automotive Engine Oils Market of Europe Revenue Share (%), by Country 2025 & 2033
- Figure 20: Middle East & Africa Automotive Engine Oils Market of Europe Revenue (billion), by Vehicle Type 2025 & 2033
- Figure 21: Middle East & Africa Automotive Engine Oils Market of Europe Revenue Share (%), by Vehicle Type 2025 & 2033
- Figure 22: Middle East & Africa Automotive Engine Oils Market of Europe Revenue (billion), by Product Grade 2025 & 2033
- Figure 23: Middle East & Africa Automotive Engine Oils Market of Europe Revenue Share (%), by Product Grade 2025 & 2033
- Figure 24: Middle East & Africa Automotive Engine Oils Market of Europe Revenue (billion), by Country 2025 & 2033
- Figure 25: Middle East & Africa Automotive Engine Oils Market of Europe Revenue Share (%), by Country 2025 & 2033
- Figure 26: Asia Pacific Automotive Engine Oils Market of Europe Revenue (billion), by Vehicle Type 2025 & 2033
- Figure 27: Asia Pacific Automotive Engine Oils Market of Europe Revenue Share (%), by Vehicle Type 2025 & 2033
- Figure 28: Asia Pacific Automotive Engine Oils Market of Europe Revenue (billion), by Product Grade 2025 & 2033
- Figure 29: Asia Pacific Automotive Engine Oils Market of Europe Revenue Share (%), by Product Grade 2025 & 2033
- Figure 30: Asia Pacific Automotive Engine Oils Market of Europe Revenue (billion), by Country 2025 & 2033
- Figure 31: Asia Pacific Automotive Engine Oils Market of Europe Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Automotive Engine Oils Market of Europe Revenue billion Forecast, by Vehicle Type 2020 & 2033
- Table 2: Global Automotive Engine Oils Market of Europe Revenue billion Forecast, by Product Grade 2020 & 2033
- Table 3: Global Automotive Engine Oils Market of Europe Revenue billion Forecast, by Region 2020 & 2033
- Table 4: Global Automotive Engine Oils Market of Europe Revenue billion Forecast, by Vehicle Type 2020 & 2033
- Table 5: Global Automotive Engine Oils Market of Europe Revenue billion Forecast, by Product Grade 2020 & 2033
- Table 6: Global Automotive Engine Oils Market of Europe Revenue billion Forecast, by Country 2020 & 2033
- Table 7: United States Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 8: Canada Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 9: Mexico Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 10: Global Automotive Engine Oils Market of Europe Revenue billion Forecast, by Vehicle Type 2020 & 2033
- Table 11: Global Automotive Engine Oils Market of Europe Revenue billion Forecast, by Product Grade 2020 & 2033
- Table 12: Global Automotive Engine Oils Market of Europe Revenue billion Forecast, by Country 2020 & 2033
- Table 13: Brazil Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 14: Argentina Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 15: Rest of South America Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 16: Global Automotive Engine Oils Market of Europe Revenue billion Forecast, by Vehicle Type 2020 & 2033
- Table 17: Global Automotive Engine Oils Market of Europe Revenue billion Forecast, by Product Grade 2020 & 2033
- Table 18: Global Automotive Engine Oils Market of Europe Revenue billion Forecast, by Country 2020 & 2033
- Table 19: United Kingdom Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 20: Germany Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 21: France Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 22: Italy Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 23: Spain Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 24: Russia Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 25: Benelux Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 26: Nordics Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 27: Rest of Europe Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 28: Global Automotive Engine Oils Market of Europe Revenue billion Forecast, by Vehicle Type 2020 & 2033
- Table 29: Global Automotive Engine Oils Market of Europe Revenue billion Forecast, by Product Grade 2020 & 2033
- Table 30: Global Automotive Engine Oils Market of Europe Revenue billion Forecast, by Country 2020 & 2033
- Table 31: Turkey Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 32: Israel Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 33: GCC Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 34: North Africa Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 35: South Africa Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 36: Rest of Middle East & Africa Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 37: Global Automotive Engine Oils Market of Europe Revenue billion Forecast, by Vehicle Type 2020 & 2033
- Table 38: Global Automotive Engine Oils Market of Europe Revenue billion Forecast, by Product Grade 2020 & 2033
- Table 39: Global Automotive Engine Oils Market of Europe Revenue billion Forecast, by Country 2020 & 2033
- Table 40: China Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 41: India Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 42: Japan Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 43: South Korea Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 44: ASEAN Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 45: Oceania Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
- Table 46: Rest of Asia Pacific Automotive Engine Oils Market of Europe Revenue (billion) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Automotive Engine Oils Market of Europe?
The projected CAGR is approximately 1.45%.
2. Which companies are prominent players in the Automotive Engine Oils Market of Europe?
Key companies in the market include BP PLC (Castrol), CHEVRON CORPORATION, ExxonMobil Corporation, FUCHS, Gazprom, LIQUI MOLY, LUKOIL, Motul, Royal Dutch Shell Plc, TotalEnergie.
3. What are the main segments of the Automotive Engine Oils Market of Europe?
The market segments include Vehicle Type, Product Grade.
4. Can you provide details about the market size?
The market size is estimated to be USD 2.33 billion as of 2022.
5. What are some drivers contributing to market growth?
N/A
6. What are the notable trends driving market growth?
Largest Segment By Vehicle Type : Passenger Vehicles.
7. Are there any restraints impacting market growth?
N/A
8. Can you provide examples of recent developments in the market?
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.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.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 4950, and USD 6800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Automotive Engine Oils Market of Europe," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Automotive Engine Oils Market of Europe report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Automotive Engine Oils Market of Europe?
To stay informed about further developments, trends, and reports in the Automotive Engine Oils Market of Europe, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence