United Kingdom Automotive Engine Oils Market Report and Forecast 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