Summary
The Italy Lubricants market is segmented into automotive lubricants (by type of lubricant, by end users, by distribution channel), and industrial lubricants (by type of lubricants, by end-user, by distribution channel).
Market Overview
Italy Lubricants Market Overview
The revenue of Italy Lubricants market amounts USD 4117.0 Mn in 2022. The annual growth rate of the market in 2022 was ~21%. The Italy Lubricants market is expected to reach USD 4493.3 Mn by 2027 with a CAGR of 1.6% during the forecast period (2022-2027). Petronas, Shell, Total Energies, ExxonMobil, Eni are some of the major companies involved in Italy lubricants market. Synthetic lubricants have the highest sales volume in Italy lubricants market.
Italy Lubricants Market Definition
Italy automotive & Industrial Lubricants Mark: The revenues for automotive & Industrial lubricants market in UK have been computed by the summation of revenues generated through domestic sales of lubricants (Synthetic, Semi-Synthetic and Mineral). The sales have been recorded at retailer price. Lubricants typically contains 90% base oils (petroleum-mineral oils) and less than 10% additives.
Type of Automotive Lubricants Included: Passenger Vehicle Motor Oil, Heavy-Duty Diesel Engine Oil, Gear Oils, Transmission Fluids, Hydraulic Oil, Greases
Type of Industrial Lubricants Included: Hydraulic Oils, Industrial Greases, Metal Working Fluids, Industrial Gear Oils, Turbine Oils, Compressor Oils, and Others
Automotive Lubricants End Users: Passenger Cars (Passenger Car, MPV, 4WD/SUV & Window Van), Commercial Vehicles (Pick-ups, Trucks, Prime Movers, Bus & Panel Vans), Motorcycles, Marine and others.
Industrial Lubricant End Users: Construction and Mining, General Manufacturing, Power Generation, Metal Production, Food Processing, Cement and Others.
Mineral Lubricants: This includes all naturally occurring oils, used for automotive and industrial purposes and provides the least protection to engine components.
Synthetic Lubricants: This includes well refined oils which are blended with different additives to obtain the required characteristics for using them in automotive and industrial segments.
Semi-Synthetic Lubricants: This consists of lubes that are an amalgamation of both mineral and synthetic oils, having both automotive and industrial applications.
Passenger Car Motor Oils: Passenger car motor oil additives are designed to protect and enhance the performance of engines in cars and light-duty trucks that operate with gasoline, diesel fuel or alternative fuel sources such as ethanol.
Hydraulic Oils: A hydraulic fluid or hydraulic liquid is the medium by which power is transferred in hydraulic machinery. Common hydraulic fluids are based on mineral oil or water.
Gear Oils and Transmission Fluids: Automatic transmission fluid is a type of detergent oil that helps remove debris. It is also hydraulic oil that is a lot thinner than gear oil and flows much faster.
Greases: The term grease is used to describe semi-solid lubricants. The characteristic feature of greases is that they possess a high initial viscosity, which upon the application of shear, drops to give the effect of an oil-lubricated bearing of approximately the same viscosity as the base oil used in the grease
Dealers and Distributors: Lubricants dealers and distributors include entities which perform import/export of lube oils and also sell them to other small and large retailers within the country. They house both branded and non-branded products.
Direct Sales and Dealer Network: Direct sales of lubricants occur when the manufacturer sells products directly to the end-user/company without any involvement of dealers and distributors whereas; dealer-led sales refer to the sale of lube via manufacturer’s exclusive dealers and distributors located in different regions of the country.
Taxonomy
Italy Lubricants Market Ecosystem
Italy Lubricant Market Size
The revenue of the Italy lubricant market has been increasing steadily over the past five years, from 3073.3 million USD in 2017 to 4,117.0 million USD in 2022. This represents a compound annual growth rate (CAGR) of 8.2%. The growth of the market is attributed to a number of factors, including increasing demand for lubricants from the automotive and industrial sectors, rising imports of lubricants, government support for the lubricant industry, and growing awareness of the importance of lubricant maintenance. The growth rate of the Italy lubricant market has decreased to -17.6% in 2020. This is due to a number of factors, including covid-19 leading to decline in economic activities, rising cost of raw materials, new competitors from other types of lubricants such as synthetic and biodegradable lubricants.
Italy Lubricant Market Industry Analysis
Italy Lubricants Market Segmentation
Segmentation by type of lubricants on basis of sales volume
The industrial lubricants dominate the Italy lubricant market on the basis sales volume with a market share of 51.1%. On the other hand, automotive lubricants have a market share of 48.9% from 2017-2022. Italian industries are increasingly focusing on preventive maintenance. Preventive maintenance includes regular lubrication of machinery and equipment. This is driving the demand for industrial lubricants. Italy is a major automotive producer, with a number of leading automakers headquartered in the country. This has led to a strong demand for automotive lubricants in the country. There were only 104,915 new passenger cars registered in 2022 in comparison to 121,100 passenger cars registered in 20171. This sudden decline in car sales affected the sales of automotive lubricants in the Italy market. Growth in manufacturing activity in the country along with the increasing number of infrastructure projects and construction activity have led to a high demand for industrial lubricants.
Cross comparison by type of lubricants
Industrial lubricants have a higher sales volume than automotive lubricants in Italy. In 2022, industrial lubricants accounted for 242.1 million liters of sales, while automotive lubricants accounted for 231.7 million liters of sales. Automotive lubricants are used in commercial vehicles, passenger vehicles, and power generation. Industrial lubricants are used in construction, manufacturing, and mining. The best-selling automotive lubricant in Italy is heavy-duty diesel engine oil on the other hand the best-selling industrial lubricant in Italy is hydraulic oil. There were only 104,915 new passenger cars registered in 2022 in comparison to 121,100 passenger cars registered in 20171. This sudden decline in car sales affected the sales of automotive lubricants in the Italy market. Growth in manufacturing activity in the country along with the increasing number of infrastructure projects and construction activity have led to a high demand for industrial lubricants.
Italy Lubricant Market Future Outlook (2022-2027)
The Italy lubricants market is expected to grow from 4,117 million USD in 2022 to 4,449.3 million USD in 2027, at a CAGR of 1.6% during the forecast period 2022-2027. After 2023, the Lubricants market is expected to grow due to the growing demand for automobiles and government encouragement to buy an electric vehicle in Italy. In 2022, the Italian construction industry grew by 12% due to government initiatives and the utilization of the EU recovery fund, which allocated $ 249.3 bn to the country for the 2021-2026 period that is directly boosting the industry lubricants consumption in Italy.
Italy Lubricants Market Company Profile
| Company Name | Establishment year | Description |
|---|---|---|
Petronas | 1974 | National Petroleum Limited, commonly known as Petronas, is a global Malaysian energy group with a presence in over 100 countries. Established in 1974, it is a legal entity incorporated under the Malaysian Companies Act and reports to the company's Board of Directors |
Shell Plc | 1907 | Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange and secondary listings on Euronext Amsterdam and the New York Stock Exchange. |
Eni | 1953 | Eni is one of the global oil and gas super-players employing over 31000 people in nearly 69 countries in the world. Eni engages in oil and natural gas exploration, field development and production, as well as in the supply, trading and shipping of natural gas, LNG, electricity and fuels. Through refineries and chemical plants, Eni processes crude oil and other oil-based feedstock to produce fuels, lubricants and chemical products that are supplied to wholesalers or through retail networks or distributors. |
ExxonMobil | 1999 | ExxonMobil Corporation is an American multinational oil and gas corporation and the largest direct descendant of John D. Rockefeller's Standard Oil. |
TotalEnergies | 1924 | TotalEnergies SE is a French multinational integrated energy and petroleum company founded in 1924 and is one of the seven supermajor oil companies. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. |
Italy Lubricant Market Macroeconomic Indicators
Italy’s GDP grew from USD 1.9 Tn in 2017 to USD 2.0 Tn in 2022. The inflation rate of 8.3% was witnessed in Italy in 2022.
The industrial production in Italy was 3.6% in 2017. The highest industrial production was seen in the year 2021 of 12.2%. The Lowest industrial production rate was witnessed by Italy in 2020 at -11.5%.
There are 11 operational oil refineries in Italy with a total capacity of 1.7 Mn barrels per day.
A total of 473,194 passenger vehicles were manufactured in 2022 in Italy whereas total commercial vehicle that were manufactured in 2022 are 323,200. During 2020, Heavy commercial vehicles are gaining prominence with their increased use in Italy’s freight transportation. In Italy, raw material and semi-conductor shortages have caused production challenges in the motorcycle market, leading to manufacturers struggling to meet high demand and causing supply constraints for customers. In 2022 the leading brands in automobiles were Fait (13.2%), followed by the Volkswagen Group (8.1%), and Toyota (6.6%).
Frequently Asked Questions
Find quick answers to common questions about Italy’s lubricants market, covering demand trends, key end-user industries, product mix (automotive vs industrial, mineral vs synthetic), pricing dynamics, and future growth prospects.