UK Automotive Lubricants Market Size & Outlook, 2022-2030
UK automotive lubricants market, 2018-2030 (US$M)
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UK automotive lubricants market highlights
- The UK automotive lubricants market generated a revenue of USD 834.8 million in 2022 and is expected to reach USD 1,096.3 million by 2030.
- The UK market is expected to grow at a CAGR of 3.5% 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 834.8 million |
| Market revenue in 2030 | USD 1,096.3 million |
| Growth rate | 3.5% (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, UK accounted for 1.2% 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 |
|---|
UK 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 55.73% in 2022. Horizon Databook has segmented the UK 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.
UK signed a new trade agreement with the European Union which is expected to ensure a competitive business environment on a global scale and develop a long-term industrial strategy specifically addressing the automotive sector, ultra-low emission vehicles (ULEVs), support for sustainable mobility and policies to ensure the country benefits from developments in connected mobility.
Additionally, the region has been witnessing increasing investments in the automotive sector to sustain in the competitive market. Development of fuel efficiency norms coupled with growing environmental concerns about carbon emission is fostering demand in this region.
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Target buyers of UK automotive lubricants market databook
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Our clientele includes a mix of automotive lubricants market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UK automotive lubricants market , including forecasts for subscribers. This country databook contains high-level insights into UK automotive lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK automotive lubricants market size, by product, 2018-2030 (US$M)
UK Automotive Lubricants Market Outlook Share, 2022 & 2030 (US$M)
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