Italy Lubricant Market Outlook to 2027
Driven by Rapid Industrialization, Advancements in Lubricants Technology along with Expansion in Automotive and Manufacturing Sector
About the Report
About the Report
The lubricant market in Italy was showing steady growth and significant potential. Lubricants play a crucial role in various industries. Strong delivery network accompanied by authorized distributors to reach out to customers through both online and offline modes led to an increase in the overall sales of lubricants in the Italy. The lubricants market in Italy was significant in terms of both value and volume. The market experienced steady growth due to factors such as industrial activities, automotive sector expansion, and infrastructure development. Increase in the energy prices is leading to an increase in the lubricant prices and hence the demand is declining. During covid, Automotive sector was low on sales because there were lesser vehicles on road. Industries were shut down, transportation slowed down and the overall economy slowed down. Lubricants market has a slow growth in general.
Market is expected to witness an increase in the consumption of lubricants due to rapid growth in industrialization and infrastructural developments, rising private and government investments cost effective manufacturing operations.
Italy Lubricant Market Analysis
- The lubricants market in Italy is projected to register a CAGR of over ~1.5% during the forecast period.
- The Italy lubricant market was significant in terms of value and volume. It experienced steady growth due to increasing industrial activities, the expanding automotive sector, and infrastructure development projects.
- In the near term, the market's expansion is being propelled by the increased utilization of high-performance lubricants within the automotive sector. Nevertheless, fluctuations in raw material prices are anticipated to hinder the advancement of the market. The future market growth is projected to be fueled by the demand for electric vehicles and wind turbines.
- The automotive industry, particularly the increasing number of vehicles on the road, was a significant contributor to the lubricant market. The need for automotive lubricants was driven by regular vehicle maintenance and the growth of the vehicle fleet.
- Advancements in lubricant technology, particularly the development of synthetic lubricants with superior properties, impacted the market. These advanced lubricants offered improved performance, efficiency, and extended equipment life.
Key Trends by Market Segment:
By Type of Lubricant: The boosting sales of automobiles in the country have significantly led to the increased consumption of automotive lubricants than industrial lubricants. The increased sales were also supported by the continuous improvement in the refining process of the existing players and the upgradation of refineries by the lubricant’s giants operating in the country.
By Distribution Channel: Most of the lubricants consumed by the industrial sector of the Italy have been supplied by the widespread network of authorized and local distributors across various regions of the Italy. Distributors might be dealing in a particular brand or can have multiple brands of lubricants that are used for industrial purposes. Distributers are in direct contact with the company, thus creating the trust among the customers to buy genuine products from them.
The competitive landscape of the lubricant market in Italy was dynamic and competitive, with both domestic and international companies operating in the market. The industry attracted various players offering a wide range of lubricant products and services. Please keep in mind that the competitive landscape may have changed since then, so it's crucial to refer to more recent sources for the latest information. The lubricant market in Italy was competitive, with both international and domestic players vying for market share. Established brands and technological innovation were key factors in the competition. The lubricant market in Italyis competitive, with both domestic and international lubricant manufacturers vying for market share. Key players include well-known global brands as well as local manufacturers.
- Eni has revealed its plans to establish a fresh entity named Eni Sustainable Mobility, with a primary emphasis on sustainable transportation solutions. This newly established company will be dedicated to activities such as bio-refining, biomethane production, and the distribution of mobility-related products and services, not only within Italy but also in other global markets.
- Aljomaih and Shell Lubricating Oil Company (JOSLOC) have collaboratively launched Rotella HD 25W50, a novel product engineered for diesel engines employed in a range of heavy-duty applications including trucks, buses, agricultural machinery, as well as mining and construction vehicles.
- ExxonMobil introduced the Mobil Super line of lubricants. This next-generation synthetic lubricant series, specially formulated for passenger vehicles, stands out due to its advanced technology, adherence to the latest BS-VI emission standards, and its contribution to enhancing fuel efficiency.
- Italy's diverse industrial base will continue to drive demand for industrial lubricants used in manufacturing, machinery maintenance, and other industrial processes. As industries continue to advance, the need for specialized lubricants might increase.
- The demand for bio-based and biodegradable lubricants may see growth as companies and consumers seek more sustainable options.
- With the shift towards electric vehicles (EVs), the traditional demand for lubricants from internal combustion engines might decline. However, lubricants will still be needed for various components within EVs, such as bearings, gears, and other moving parts.
- The demand for high-performance lubricants, including synthetic lubricants, is expected to increase. These lubricants offer superior protection and efficiency, catering to industries requiring high-quality solutions for their machinery and equipment.
Scope Of The Report
Scope of the Report
Italy Lubricant Market Segmentation
By Type of Lubricant
Automotive Lubricant Segmentation
· Heavy-Duty Diesel Engine Oil
· Passenger Vehicle Motor Oil
· Transmission Fluids
· Gear Oils
· Others (Inc. Hydraulics, Coolents etc.)
By End Use
· Commercial Vehicles
· Passenger Cars
· Motor Cycles
· Others (Aviation)
By Distribution Channel
· Dealer Network
· OEM Workshops/Service stations/Local Workshops
· Supermarkets/ Hypermarkets
|Industrial Lubricant Segmentation|
· Hydraulic Fluid
· Gear Oil
· Metalworking Fluid
· Others (Turbine Oil, Compressor Oil, Textile Oil etc.)
By End Use
· Construction and Mining
· General Manufacturing (inc. Automotive Manufacturing)
· Metal Production
· Power Generation
· Food Processing
· Others (Agriculture, Medical etc.)
By Distribution Channel
· Dealer Network
· Direct Sales
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:
- Infrastructure and Real Estate Companies
- Mining Companies
- Government Entities
- Construction Companies
- Oil and Gas Companies
- Automotive lubricants manufacturers and other stakeholders
- Automotive OEMs
- Potential Market Entrants
- Industry Associations
- Consulting Agencies
- Government Bodies & Regulating Authorities
Time Period Captured in the Report:
- Historical Period: 2017-2022
- Base Year: 2022
- Forecast Period: 2022-2027
Major Players Mentioned in the Report:
Automotive Lubricant Players
- BP Castrol
- Exxon Mobil
- Total Energies
Industrial Lubricant Player
- Total Energies
Table of Contents
Table of Contents
1.1 Executive Summary for Italy Lubricants Market, 2017-2027
2.Country Overview of Italy
2.1 Country Overview, 2022
2.2 Major Crude Oil Refineries in Italy, 2022
3.Italy Trade and Automotive Industry Analysis
3.1 Italy Trade Analysis
3.2 Italy Automotive Industry, 2022
3.3 Harvey ball analysis of Lubricants companies in Europe
4. Italy Lubricants Market Overview
4.1 Ecosystem of major Entities in Italy Lubricants Market
4.2 Business Cycle and Genesis of Italy Lubricants Market
4.3 Value Chain Analysis for Italy Lubricants Market
5. Italy Lubricants Market sizing and Segmentation
5.1 Market Size of Italy Lubricants by Revenue, 2017-2022
5.2 Market Size of Italy Lubricants by sales volume and average price, 2017-2022
6. Italy Automotive Lubricants Market Segmentation, 2022
6.1 By Type of Automotive Lubricants, 2022
6.2 By End Use of Automotive Lubricants, 2022
6.3 By Distribution Channel of Automotive Lubricants, 2022
7. Italy Industrial Lubricants Market Segmentation, 2022
7.1 By Type of Industrial Lubricants, 2022
7.2 By End Use of Industrial Lubricants, 2022
7.3 By Distribution Channel of Industrial Lubricants, 2022
8. Industry Analysis of Italy Lubricants Market
8.1 SWOT Analysis for Italy Lubricants Market
8.2 Porter’s Five Forces Analysis of Italy Lubricants Market
8.3 Issues and Challenges in Italy Lubricants Market
8.4 Growth Drivers in Italy Lubricants Market
8.5 Italy Lubricants Market Regulations
8.5 Covid 19 Impact on the Industrial Lubricants Market
9. End User Analysis of Industrial Lubricants Market
9.1 Decision Making Parameters of Automotive and Industrial Lubricants End-Users in Italy
9.2 Vendor Evaluation and Selection Process in Italy Lubricants Market
9.3 Factors Affecting Vendor Selection Process
10. Competition Framework of Italy Lubricants Market
10.1 Market Share of Major Manufacturers in Italy Lubricants Market, 2022
10.2 Competitive Landscape using Gartner’s Magic Quadrant Framework
10.3 Strength and Weakness of major players in Italy Lubricants Market
10.4 Cross-Comparison of Major Players Operating in the Italy Lubricants Market Basis Operational Parameters
10.5 Average Pricing by Segments of Major Automotive Lubricant Manufacturers, 2022
11. Competition Framework of Italy Automotive Lubricants Market
11. 1 Market Share of Major Manufacturers in Italy Automotive Lubricants Market, 2022
11.2 Eni Product Portfolio in Italy Automotive Lubricants Market
11.3 Shell Product Portfolio in Italy Automotive Lubricants Market
11.4 ExxonMobil Product Portfolio in Italy Automotive Lubricants Market
11.5 Agip and Total Energies Product Portfolio in Italy Automotive Lubricants Market
11.6 Bp Castrol and Esso Product Portfolio in Italy Automotive Lubricants Market
12. Competitive Framework of Italy Industrial Lubricants Market
12.1 Market Share of Major Manufacturers in Italy Industrial Lubricants Market, 2022
12.2 Shell and Eni Product Portfolio in Italy Industrial Lubricants Market
12.3 ExxonMobil Product Portfolio in Italy Industrial Lubricants Market
12.4 Bp Castrol and total Energies Product Portfolio in Italy Industrial Lubricants Market
13. Future Outlook of Italy Lubricants Market, 2022-2027
13.1 Future Market Sizing analysis of Germany Lubricants Market, 2022-2027
13.2 Market Sizing Analysis of Italy on the basis of sales volume and average price, 2022-2027
13.3 Future Italy Lubricants Market Segmentation by Type and Grade, 2027
14. Future Outlook of Italy Automotive Lubricants Market, 2022-2027
14.1 Future Italian Automotive Lubricants Market Segmentation by Type, 2027
14.2 Future Italian Automotive Lubricants Market Segmentation by End use and Distribution Channel, 2027
15. Future Outlook of Italy Industrial Lubricants Market, 2022-2027
15.1 Future Italy Industrial Lubricants Market Segmentation by End use, 2027
15.2 Future Italy Industrial Lubricants Market Segmentation by Type and Distribution Channel, 2027
16. Industry Speaks and Analyst Recommendations
16.1 Industry Speaks
16.2 Marketing and Sales Channel Strategies for Automotive & Industrial Lubricants Providers
16.3 Companies looking to capture value growth can pull several levers
16.4 Introduction of E-Fluid in Italy
17. Research Methodology
17.1 Market Definitions and Assumptions
17.2 Abbreviations used
17.3 Market Sizing Approach
17.4 Consolidated Research Approach
17.5 Sample size limitations and Future Conclusion
17.6 Limitations and Future Conclusion
Step:1 Identifying Key Variables: Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step:2 Market Building: Collating statistics on Italy Lubricant Market over the years, penetration of marketplaces and service providers ratio to compute revenue generated for Lubricant services. We will also review service quality statistics to understand revenue generated which can ensure accuracy behind the data points shared.
Step:3 Validating and Finalizing: Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step:4 Research output: Our team has approached multiple Automotive and Industrial Lubricant providing channels and understanded nature of product segments and sales, consumer preference and other parameters, which supported us validate statistics derived through bottom to top approach from Automotive and Industrial Lubricant providers.
For any queries related to research methodology, click here to schedule a call with our analysts
Frequently Asked Questions
Frequently Asked Questions
How big is Italy Lubricant Market ?
The Italy Automotive Lubricants Market was at 200 million liters in 2021 and is projected to register a CAGR of 2.5% to reach 250 million liters in 2026.
Largest Segment by Vehicle Type in Italy Lubricant Market in 2022?
In Italy, the high average lubricant requirement of commercial vehicles has contributed to the highest lubricant consumption in the country's commercial vehicles sector.
What is the market conentration in Italy Lubricant Market?
The market is highly consolidated because of market domination by major players.
Major players of Italy Lubricants Market?
The Italy Automotive Lubricants Market is fairly consolidated, with the top five companies occupying. The major players in this market are etronas, Shell and Eni are the key Players in the market.
Growth drivers of Italy lubricants market?
The market's expansion is being propelled by the increased utilization of high-performance lubricants within the automotive sector. The need for automotive lubricants was driven by regular vehicle maintenance and the growth of the vehicle fleet.
Which is the fastest growing segment in the Italy Automotive Lubricants Market?
In 2023, the Passenger Vehicles segment accounts for the fastest growing by vehicle type in the Italy Automotive Lubricants Market.
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