Canada Automotive Lubricants Market Growth, Size, Trends, Demand, Revenue and Future Outlook: SPER Market Research

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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, CitroÃ«n, 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.

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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:	Engine Oils Greases Hydraulic Fluids Transmission & Gear Oils
By Vehicle Type:	Commercial Vehicles Motorcycles Passenger Vehicles
By End User Industry:	Automotive Manufacturing Construction Mining Marine Aerospace Agriculture

Key Topics Covered in the Report:

Canada Automotive Lubricants Market Size (FYâ€™2024-FYâ€™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 (FYâ€™2024-FYâ€™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. SPERâ€™s internal database
2.1.4. Premium insight from KOLâ€™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. PORTERâ€™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

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.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3

Frequently Asked Questions About This Report

How big is the Canada Automotive Lubricants Market?

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.

What is the growth rate of the Canada Automotive Lubricants Market?

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.

What is the anticipated CAGR of the Canada Automotive Lubricants Market?

Canada Automotive Lubricants Market CAGR of 0.85% during the forecast period.

How can I get a sample report on the Canada Automotive Lubricants Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Canada Automotive Lubricants Market?

Canada Automotive Lubricants Market size is 483.11 Million from 2024 to 2033.

Which segment is expected to Canada Automotive Lubricants Market?

Canada Automotive Lubricants Market Segment is covered By Product Type, By Vehicle Type, By End User Industry.

Which region is expected to have the highest market share in the Canada Automotive Lubricants Market?

The North America anticipated to have the highest market share in the Canada Automotive Lubricants Market.

Who are the key players in 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. ."

What is the conclusion of the Canada Automotive Lubricants Market?

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.