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Automotive Lubricant in UK Market By Growth, Trend and Size 2027
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Growth in automobile production and increasing sales of passenger cars and commercial vehicle to drive demand for automotive lubricants in the United Kingdom
According to TechSci report on, “United Kingdom Automotive Lubricant Market - By Region, Competition Forecast & Opportunities, 2027”. United Kingdom automotive lubricant market may flourish with an impressive CAGR during the forecast period of 2023-2027, on the backbone of growing demand for the safe driving and vehicle safety. Additionally, factors like increasing vehicle sales, government announced safety norms, coupled with growing demand for the engine safe vehicles from the consumer are some of the major factors supporting the growth of the United Kingdom automotive lubricant market in the next five years. Rising technological advancement along with the research for the product development actively drives the growth of the United Kingdom automotive lubricant market in the upcoming five years. Growing population of the country and their rising disposable income coupled with the demands for the personal ownership of the vehicles increases the demand for the vehicles and the demand for the lubricants increases and thus facilitate the growth of the United Kingdom automotive lubricant market in the future five years.
Rapidly increasing investments in the research and innovative product development followed by multiple market players devoting their resources toward innovative product development also fuels the growth of the United Kingdom automotive lubricant market in the forecast period. Extended oil drain, and service intervals, better fuel efficiency, and more extended protection period are some of the advantages of the technical evolution and innovations in the current product line that is further substantiating the growth of the United Kingdom automotive lubricant market in the forecast years through 2027F.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "United Kingdom Automotive Lubricant Market"
The United Kingdom automotive lubricant market is segmented by vehicle type, application, type, demand category, competitional landscape, and regional distribution. Based on vehicle type, the market is further segmented into passenger car, light commercial vehicle (LCV), medium & heavy commercial vehicle (M&HCV), two-wheeler, and OTR. Passenger cars are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years due to increasing sales for passenger cars. Growing demands for the personal as well as the commercial vehicles for the passenger travels also aid to the growth of the United Kingdom automotive lubricant market in the next five years. Light commercial vehicle (LCV) is also anticipated to hold significant shares of the market due to growing demands for the short distance transportation and freight movements. Also, short distance travelling is driving the growth of the light commercial vehicle (LCV) revenue shares in the future five years.
By application, the market is fragmented into engine oil, transmission oil, hydraulic fluids, greases, and others. Engine oil is poised to dominate the applications segment and hold the largest revenue shares of the market in the upcoming five years on account of its advantages in working the ICE engines flaccidly. Frequent changes of the engine oil also facilitate the growth of the United Kingdom automotive lubricants market in the future five years. Hydraulic fluids are also anticipated to hold significant shares of the market sue to technological advancement in the vehicles as well as the lubricants. Innovative product demands further substantiates the growth of the Untied Kingdom automotive lubricants market in the next five years.
Based on type, the market is differentiated between mineral based and synthetic. By demand category, the market is also distinguished between OEM and replacement. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among London, East Anglia, Southwest, Southeast, Scotland, East Midlands, and Yorkshire & Humberside.
A partial list of major market players of the United Kingdom automotive lubricant market includes:
- BP PLC (Castrol)
- Exol Lubricants Limited
- CHEVRON CORPORATION
- Fuchs Petrolub SE
- ExxonMobil Corporation
- Morris Lubricants
- PETRONAS Lubricants International Sdn Bhd
- Shell plc
- TotalEnergies SE
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“Rising demand for the advanced lubricant and lubricant link technologies to ease the working of the engines facilitate the market growth. Higher sales of the passenger cars and commercial vehicles also aid to the growth of the United Kingdom automotive lubricants market in the future five years. To overcome the rising number of accidents, engine failures, engine heating, and surge in the demands for the safer driving experience substantiate the growth of the market. Rising investment and technological advancement in the automotive lubricant are also responsible for the market growth. New market players may invest in the research along with introducing innovative product range to influence the consumers that would help in their brand establishment,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Higher Vehicle Sales Drive Market Growth
Growing production scales, and thus the sales of the passenger cars are majorly driving the growth of the United Kingdom automotive lubricant market in the upcoming five years. Rapidly increasing demands for the passenger cars, light commercial vehicles along with the increasing sales of the same drive the growth of the United Kingdom automotive lubricants market in the upcoming five years. With higher disposable income, the population is highly inclined toward ownership of their personal vehicle thereby increasing the sales of the passenger card and thus the growth of the United Kingdom automotive lubricant market in the next five years.
In 2021, 932.49 thousand vehicles were produced in the United Kingdom. Out of which, total passenger car production stands at 859.58 thousand units in the United Kingdom. Although productions were lesser as compared to the sales in the country, imported vehicles fulfilled the surged demands. 1.65 million units of passenger cars were sold in 2021 in the United Kingdom. These factors further aided the growth of the United Kingdom automotive lubricant market in the future five years.
Mr. Ken Mathews
708 Third Avenue,
New York – 10017
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