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
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| Regions covered | Ontario, Quebec, Alberta, British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Newfoundland & Labrador
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| 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:
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By Product Type: |
Engine Oils
Greases
Hydraulic Fluids
Transmission & Gear Oils
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By Vehicle Type: |
Commercial Vehicles
Motorcycles
Passenger Vehicles
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|
By End User Industry: |
Automotive
Manufacturing
Construction
Mining
Marine
Aerospace
Agriculture
|
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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Canada Automotive Lubricants Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Canada Automotive Lubricants Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2020-2026
7.2. Canada Automotive Lubricants Market Size, Share and Forecast, By Product Type, 2027-2033
7.3. Engine Oils
7.4. Greases
7.5. Hydraulic Fluids
7.6. 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, 2020-2026
8.2. Canada Automotive Lubricants Market Size, Share and Forecast, By Vehicle Type, 2027-2033
8.3. Commercial Vehicles
8.4. Motorcycles
8.5. 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, 2020-2026
9.2. Canada Automotive Lubricants Market Size, Share and Forecast, By End User Industry, 2027-2033
9.3. Automotive
9.4. Manufacturing
9.5. Construction
9.6. Mining
9.7. Marine
9.8. Aerospace
9.9. 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. Ontario
11.4. Quebec
11.5. Alberta
11.6. British Columbia
11.7. Saskatchewan
11.8. Manitoba
11.9. New Brunswick
11.10. Nova Scotia
11.11. Newfoundland & Labrador
12. Company Profile
12.1. Boss Lubricants
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. BP PLC (Castrol)
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Chevron Corporation
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. ExxonMobil Corporation
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. FUCHS
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. HollyFrontier (PetroCanada lubricants)
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Phillips 66 Lubricants
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Royal Dutch Shell Plc
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. TotalEnergies
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Valvoline Inc.
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links