Russia Automotive Lubricants Market Size & Outlook
Russia automotive lubricants market, 2018-2030 (US$M)
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Russia automotive lubricants market highlights
- The Russia automotive lubricants market generated a revenue of USD 1,395.0 million in 2022 and is expected to reach USD 1,747.9 million by 2030.
- The Russia market is expected to grow at a CAGR of 2.9% from 2023 to 2030.
- In terms of segment, engine oil was the largest revenue generating product in 2022.
- Brake Fluids is the most lucrative product segment registering the fastest growth during the forecast period.
Automotive lubricants market data book summary
| Market revenue in 2022 | USD 1,395.0 million |
| Market revenue in 2030 | USD 1,747.9 million |
| Growth rate | 2.9% (CAGR from 2022 to 2030) |
| Largest segment | Engine oil |
| Fastest growing segment | Brake Fluids |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Greases, Engine oil, Gear oil, Transmission Fluids, Brake Fluids, Coolants |
| Key market players worldwide | Exxon Mobil Corp, BP Castrol KK, Shell PLC, Repsol SA, Sasol, Cepsa, Fuchs SE Registered Shares, LUKOIL, Indian Oil Corporation, Hindustan Petroleum Corporation Limited, Phillips 66 |
Other key industry trends
- In terms of revenue, Russia accounted for 1.9% of the global automotive lubricants market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany automotive lubricants market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,096.3 million by 2030.
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Automotive Lubricants Market Scope
Automotive Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Russia automotive lubricants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive lubricants market will help companies and investors design strategic landscapes.
Engine oil was the largest segment with a revenue share of 54.65% in 2022. Horizon Databook has segmented the Russia automotive lubricants market based on greases, engine oil, gear oil, transmission fluids, brake fluids, coolants covering the revenue growth of each sub-segment from 2018 to 2030.
Automotive lubricants industry in Russia is expected to grow at a high rate due to the growing passenger traffic, replacement of old machinery and increase in sales of heavy duty vehicles. The demand for engine oil is dominated by the passenger car segment which is affected by the changes in passenger car design, increasing annual mileage driven, changes in sump size and extended service interval mileage.
Commercial and heavy-duty oils have the second largest contribution to the automotive lubricants market revenue. Light commercial vehicles is also expected to have a significant contribution to the demand of the product.
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Our clientele includes a mix of automotive lubricants market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Russia automotive lubricants market , including forecasts for subscribers. This country databook contains high-level insights into Russia automotive lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia automotive lubricants market size, by product, 2018-2030 (US$M)
Russia Automotive Lubricants Market Outlook Share, 2022 & 2030 (US$M)
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