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United Kingdom Automotive Engine Oils Market Size, Price, Trends, Forecast: By Grade: Mineral, Semi-Synthetic, Fully-Synthetic; By Engine Type: Gasoline, Diesel, Alternative Fuels; By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy-Duty Vehicles; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
United Kingdom Automotive Engine Oils Market Outlook
The United Kingdom automotive engine oils market size reached approximately USD 1.44 billion in 2023. The market is further projected to grow at a CAGR of 3.4% between 2024 and 2032, reaching a value of USD 1.95 billion by 2032.
Key Trends in the Market
Automotive engine oil, often known as motor oil is an engine lubricant that consists of base oils along with anti-wear additives, viscosity index improvers, and dispersants, among others. The oil is used for cleaning, protecting, cooling, and reducing friction in the engines.
- Rising disposable income and higher living standards have increased vehicle ownership among the general population and boosted the requirement for vehicle maintenance products in order to ensure proper engine operation and reduced fuel consumption and carbon dioxide emission, boosting the United Kingdom automotive engine oils market demand.
- Development of advanced engine technologies such as hybrid systems and turbochargers are supporting the growth of the market as these technologies require specialised engine oils to meet the requirements of high-performance engines. Expansion the automotive sector is also increasing the demand for advanced engine oils.
- The government of United Kingdom has set stringent emission standards for all vehicles due to rising environmental concerns. The utilisation of automotive engine oils lowers the level of harmful emissions, helping meet the regulatory requirements.
United Kingdom Automotive Engine Oils Market Analysis
Based on grade, the market is divided into mineral, semi-synthetic, and fully-synthetic. By engine type, the market is categorised into gasoline, diesel, and alternative fuels. On the basis of vehicle type, the market is classified into passenger cars, light commercial vehicles, and heavy-duty vehicles.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United Kingdom automotive engine oils market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Exxon Mobil Corporation
- Exol Lubricants Limited
- BP p.l.c.
- Chevron Corporation
- Shell International B.V.
- Fuchs Group
- TotalEnergies S.E.
- Liqui Moly GmbH
- Motul S.A.
- Moove Lubricants Limited
- Others
Market Share by Engine Type
Diesel engines are anticipate to account for a significant United Kingdom automotive engine oils market share. The low cost and high efficiency offered by diesel engines is a major factor for rising use of diesel run vehicles by the consumers all across United Kingdom. Diesel engine oil also have anti-wear resistance property which prevents the vehicle’s parts from wearing off easily. Moreover, the presence of catalytic converter in diesel which is capable of dealing with corrosion related issue further enhances the growth of the diesel segment in the market.
Market Share by Vehicle Type
Passenger cars are expected to account for a significant share of the market owing to the growing urbanisation and rising disposable income of the consumers in United Kingdom. The increasing travel and tourism activities and recreational outings have boosted the demand for sport utility vehicles. Moreover, the growing preference for vehicle ownership among the regional population is supporting the segment expansion and United Kingdom automotive engine oils market growth.
Competitive Landscape
Exxon Mobil Corporation was founded in 1999 and is headquartered in Texas, United States. The natural gas company supplies fuels and chemicals such as petroleum, natural gas, nuclear fuels, and coal to consumers around the globe.
Exol Lubricants Limited is a chemical manufacturing company that was founded in 1984 and is headquartered in West Midland, England. The company is known for manufacturing a range of lubricants and associated products for automotive, industrial, and off-highway applications.
BP p.l.c. was established in 1909 and has its headquarters located in London, United Kingdom. The multinational oil and gas company is engaged in the manufacture of various chemicals, synthetic fibres, and plastics.
Other United Kingdom automotive engine oils market key players include Chevron Corporation, Shell International B.V., Fuchs Group, TotalEnergies S.E., Liqui Moly GmbH, Motul S.A., and Moove Lubricants Limited, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Grade |
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| Breakup by Engine Type |
|
| Breakup by Vehicle Type |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Automotive Engine Oils Market Overview
8.1 Key Industry Highlights
8.2 Global Automotive Engine Oils Historical Market (2018-2023)
8.3 Global Automotive Engine Oils Market Forecast (2024-2032)
8.4 Global Automotive Engine Oils Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 United Kingdom Automotive Engine Oils Market Overview
9.1 Key Industry Highlights
9.2 United Kingdom Automotive Engine Oils Historical Market (2018-2023)
9.3 United Kingdom Automotive Engine Oils Market Forecast (2024-2032)
10 United Kingdom Automotive Engine Oils Market by Grade
10.1 Mineral
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Semi-Synthetic
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Fully-Synthetic
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 United Kingdom Automotive Engine Oils Market by Engine Type
11.1 Gasoline
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Diesel
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Alternative Fuels
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 United Kingdom Automotive Engine Oils Market by Vehicle Type
12.1 Passenger Cars
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Light Commercial Vehicles
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Heavy-Duty Vehicles
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Exxon Mobil Corporation
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Exol Lubricants Limited
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 BP p.l.c.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Chevron Corporation
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Shell International B.V.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Fuchs Group
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 TotalEnergies S.E.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Liqui Moly GmbH
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Motul S.A.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Moove Lubricants Limited
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Engine Oils Market: Key Industry Highlights, 2018 and 2032
2. United Kingdom Automotive Engine Oils Market: Key Industry Highlights, 2018 and 2032
3. United Kingdom Automotive Engine Oils Historical Market: Breakup by Grade (USD Billion), 2018-2023
4. United Kingdom Automotive Engine Oils Market Forecast: Breakup by Grade (USD Billion), 2024-2032
5. United Kingdom Automotive Engine Oils Historical Market: Breakup by Engine Type (USD Billion), 2018-2023
6. United Kingdom Automotive Engine Oils Market Forecast: Breakup by Engine Type (USD Billion), 2024-2032
7. United Kingdom Automotive Engine Oils Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
8. United Kingdom Automotive Engine Oils Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
9. United Kingdom Automotive Engine Oils Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 1.44 billion in 2023.
The market is projected to grow at a CAGR of 3.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1.95 billon by 2032.
The major market drivers include rising environmental concerns and growth of the automotive sector.
The key trends fuelling the growth of the market include rising disposable income, development of advanced engine technologies, and stringent emission standards.
The major vehicle types include passenger cars, light commercial vehicles, and heavy-duty vehicles.
The significant grades include mineral, semi-synthetic, and fully-synthetic.
The key players in the market are Exxon Mobil Corporation, Exol Lubricants Limited, BP p.l.c., Chevron Corporation, Shell International B.V., Fuchs Group, TotalEnergies S.E., Liqui Moly GmbH, Motul S.A., and Moove Lubricants Limited, among others.
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