Canada Automotive Lubricants Market Growth, Size, Trends, Demand, Revenue and Future Outlook
Canada Automotive Lubricants Market Size- By Product Type, By Vehicle Type, By End User Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2024 | Report ID: CHEM2447 | Pages: 1 - 104 | Formats*: |
| Category : Chemical & Materials | |||
Canada Automotive Lubricants Market Introduction and Overview
According to SPER Market Research, the Canada Automotive Lubricants Market is estimated to reach USD 483.11 million by 2033 with a CAGR of 0.85%.
The report includes an in-depth analysis of the Canada Automotive Lubricants Market, including market size and trends, product mix, distribution channels, and supplier analysis. Materials called lubricants are used to lessen friction between surfaces that come into touch with one another. They are usually used on moving parts, including those in engines, gearboxes, and other equipment, to guarantee smooth functioning and guard against wear and friction-related damage. Lubricants are specially designed to fulfil the needs of diverse applications and industries. They are available in a variety of forms, such as oils, greases, and solid lubricants.
- January 2022: ExxonMobil Upstream Company, ExxonMobil Product Solutions, and ExxonMobil Low Carbon Solutions were the three business divisions of ExxonMobil Corporation as of April 1.
- October 2021: Valvoline and Cummins extend their long-standing marketing and technological collaboration agreement for an additional five years. Cummins will endorse and market Valvoline's Premium Blue engine oil for heavy-duty diesel engines and generators, as well as distribute Valvoline goods through its global distribution network.
TotalEnergies and the Stellantis Group renewed their collaboration in June 2021 to work across different segments. The new alliance has renewed agreements with Peugeot, Citroën, and DS Automobiles, as well as Opel and Vauxhall. This partnership includes lubricant development and innovation, first-fill in Stellantis group cars, Quartz lubricant guidance, and shared use of TotalEnergies charging stations, among other things.
Market Opportunities and Challenges
Opportunities: The creation and marketing of bio-based lubricants made from renewable resources is made possible by the growing consumer demand for ecologically friendly and sustainable products. Additionally, manufacturers have the chance to serve specialized markets due to the growing demand for specialty lubricants with cutting-edge characteristics including compatibility with particular materials, protection against intense pressure, and resistance to high temperatures. Furthermore, the incorporation of Industry 4.0 technologies, such predictive maintenance and the Internet of Things (IoT), offers lubricant producers the chance to provide clients with value-added services and solutions. Furthermore, Enhancing distribution networks and forming alliances with regional distributors and retailers can aid lubricant producers in expanding their client base and improving market share.
Challenges: The automobile industry has seen significant investment, which has led to the difficulty of increased lubricant requirements as the industry produces high-performing, environmentally friendly vehicles. Additionally, each manufacturer has a different set of specifications for the brake system, gearbox, transmission assembly, and engine design. Therefore, in order to satisfy this requirement, the lubricant industry needs to collaborate with the automaker to create a new line of lubricants that are appropriate for that particular vehicle. For example, the engine oil that is thinner will contribute to fuel economy. However, thinner engine oil may have an impact on engine performance, which presents a problem for lubricant producers.
Market Competitive Landscape
Canada Automotive Lubricants market has a moderate level of consolidation. Boss Lubricants, BP PLC (Castrol), Chevron Corporation, ExxonMobil Corporation, FUCHS, HollyFrontier (PetroCanada lubricants), Phillips 66 Lubricants, Royal Dutch Shell Plc, TotalEnergies, and Valvoline Inc are a few of the major players in the market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Vehicle Type, By End User Industry |
| Regions covered | Ontario, Quebec, Alberta, British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Newfoundland & Labrador |
| Companies Covered | Boss Lubricants, BP PLC (Castrol), Chevron Corporation, ExxonMobil Corporation, FUCHS, HollyFrontier (PetroCanada lubricants), Phillips 66 Lubricants, Royal Dutch Shell Plc, TotalEnergies, Valvoline Inc. |
COVID-19 Impact on Canada Automotive Lubricants Market
The COVID-19 pandemic that struck in 2020 and the first part of 2021 had a severe impact on the automotive and industrial sectors, massive production disruptions, and a negative impact on Canadian consumers' spending power, all of which hindered the expansion of the country's lubricants market. But since these limitations were removed, the industry is doing nicely.
Key Target Audience:
- Automotive Manufacturers
- Consumers
- Distributors
- Retailers
- Transportation professionals
- Industrial professionals
Our in-depth analysis of the Canada Automotive Lubricants Market includes the following segments:
| By Product Type: |
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| By Vehicle Type: |
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| By End User Industry: |
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Key Topics Covered in the Report:
- Canada Automotive Lubricants Market Size (FY’2024-FY’2033)
- Overview of Canada Automotive Lubricants Market
- Segmentation of Canada Automotive Lubricants Market By Product Type (Engines Oils, Greases, Hydraulic Fluids, Transmission & Gear Oils)
- Segmentation of Canada Automotive Lubricants Market By Vehicle Type (Commercial Vehicles, Motorcycles, Passenger Vehicles)
- Segmentation of Canada Automotive Lubricants Market By End User Industry (Automotive, Manufacturing, Construction, Mining, Marine, Aerospace, Agriculture, Others)
- Expansion Analysis of Canada Automotive Lubricants Market
- Problems and Obstacles in Canada Automotive Lubricants Market
- Competitive Landscape in the Canada Automotive Lubricants Market
- Impact of COVID-19 and Demonetization on Canada Automotive Lubricants Market
- Details on Current Investment in Canada Automotive Lubricants Market
- Competitive Analysis of Canada Automotive Lubricants Market
- Prominent Players in the Canada Automotive Lubricants Market
- SWOT Analysis of Canada Automotive Lubricants Market
- Canada Automotive Lubricants Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Canada Automotive Lubricants Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Canada Automotive Lubricants Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Canada Automotive Lubricants Market
7. Canada Automotive Lubricants Market, By Product Type (USD Million) 2020-2033
7.1. Canada Automotive Lubricants Market Size, Share and Forecast, By Product Type, 2020-20267.2. Canada Automotive Lubricants Market Size, Share and Forecast, By Product Type, 2027-20337.3. Engine Oils7.4. Greases7.5. Hydraulic Fluids7.6. Transmission & Gear Oils
8. Canada Automotive Lubricants Market, By Vehicle Type (USD Million) 2020-2033
8.1. Canada Automotive Lubricants Market Size, Share and Forecast, By Vehicle Type, 2020-20268.2. Canada Automotive Lubricants Market Size, Share and Forecast, By Vehicle Type, 2027-20338.3. Commercial Vehicles8.4. Motorcycles8.5. Passenger Vehicles
9. Canada Automotive Lubricants Market, By End User Industry (USD Million) 2020-2033
9.1. Canada Automotive Lubricants Market Size, Share and Forecast, By End User Industry, 2020-20269.2. Canada Automotive Lubricants Market Size, Share and Forecast, By End User Industry, 2027-20339.3. Automotive9.4. Manufacturing9.5. Construction9.6. Mining9.7. Marine9.8. Aerospace9.9. Agriculture
9.10. Others
10. Canada Automotive Lubricants Market Forecast, 2020-2033 (USD Million)
10.1. Canada Automotive Lubricants Market Size and Market Share
11. Canada Automotive Lubricants Market, By Region, 2020-2033 (USD Million
11.1. Canada Automotive Lubricants Market Size and Market Share By Region (2020-2026)11.2. Canada Automotive Lubricants Market Size and Market Share By Region (2027-2033)11.3. Ontario11.4. Quebec11.5. Alberta11.6. British Columbia11.7. Saskatchewan11.8. Manitoba11.9. New Brunswick11.10. Nova Scotia11.11. Newfoundland & Labrador
12. Company Profile
12.1. Boss Lubricants12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. BP PLC (Castrol)12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. Chevron Corporation12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. ExxonMobil Corporation12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. FUCHS12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. HollyFrontier (PetroCanada lubricants)12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. Phillips 66 Lubricants12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Royal Dutch Shell Plc12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. TotalEnergies12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Valvoline Inc.12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Canada Automotive Lubricants Market is projected to reach USD 483.11 Million by 2033, growing at a CAGR of 0.85% during the forecast period.
Canada Automotive Lubricants Market size from 2022. The Market is expected to reach USD 483.11 Million by 2033, at a CAGR of 0.85% during the forecast period.
Canada Automotive Lubricants Market CAGR of 0.85% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Canada Automotive Lubricants Market size is 483.11 Million from 2024 to 2033.
Canada Automotive Lubricants Market Segment is covered By Product Type, By Vehicle Type, By End User Industry.
The North America anticipated to have the highest market share in the Canada Automotive Lubricants Market.
"The key players in the market include Companies Covered Boss Lubricants, BP PLC (Castrol), Chevron Corporation, ExxonMobil Corporation, FUCHS, HollyFrontier (PetroCanada lubricants), Phillips 66 Lubricants, Royal Dutch Shell Plc, TotalEnergies, Valvoline Inc.
."
Lubricants are specially designed to fulfil the needs of diverse applications and industries. They are available in a variety of forms, such as oils, greases, and solid lubricants.
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