Italy Automotive Engine Oils - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2021

Description

The Italy Automotive Engine Oils Market size is estimated at 155.39 Million Liters in 2024, and is expected to reach 160.48 Million Liters by 2026, growing at a CAGR of 1.62% during the forecast period (2024-2026).

Key Highlights

Largest Segment by Vehicle Type - Commercial Vehicles : The large engine sizes of commercial vehicles (CVs) result in high engine oil volumes requirements. Hence, CVs are the dominant lubricant-consuming vehicle type in Italy.
Fastest Segment by Vehicle Type - Passenger Vehicles : The scrappage policy adopted by the Spanish government in 2020 is likely to boost the sales of new cars, thereby increasing engine oil consumption in passenger vehicles.

Italy Automotive Engine Oils Market Trends

Largest Segment By Vehicle Type : Commercial Vehicles

In Italy, engine oils segment accounted for the major share of automotive lubricant demand of about 65.27% during 2020. However, the growth of engine oil consumption in Italy during the period was unstable due to the volatile trend in the annual mileage of passenger vehicles in Italy.
In 2020, the COVID-19 outbreak had resulted in a massive decline in the existing vehicle fleet activity, which subsequently delayed service intervals. As a result, engine oil consumption in the country decreased by around 14.05%.
Despite the expected recovery in sales and production in the automotive industry, the increasing penetration of electric vehicles is likely to have a marginally negative impact on engine oil consumption. Overall, engine oil consumption is expected to record a CAGR of 2.06% during 2021-2026.

Italy Automotive Engine Oils Industry Overview

The Italy Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 70.03%. The major players in this market are BP PLC (Castrol), Eni SpA, PETRONAS Lubricants International, Q8Oils and Royal Dutch Shell Plc (sorted alphabetically).

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Product Code: 90037

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 Vehicle Type
- 4.1.1 Commercial Vehicles
- 4.1.2 Motorcycles
- 4.1.3 Passenger Vehicles
4.2 By Product Grade

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 Eni SpA
- 5.3.3 ExxonMobil Corporation
- 5.3.4 FUCHS
- 5.3.5 LIQUI MOLY
- 5.3.6 Motul
- 5.3.7 PETRONAS Lubricants International
- 5.3.8 Q8Oils
- 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

Italy Automotive Engine Oils - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2021 - 2026)