Commercial Vehicle Lubricant Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Vehicle Type (LCV, M&HCV), By Sales Channel (OEM, Replacement), By Product Type (Engine Oil, Transmission Oil, Hydraulic Oil, Grease), By Region and By Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 104.24 Billion
CAGR (2026-2031)	5.71%
Fastest Growing Segment	LCV
Largest Market	North America
Market Size (2031)	USD 145.46 Billion

Market Overview

The Global Commercial Vehicle Lubricant Market will grow from USD 104.24 Billion in 2025 to USD 145.46 Billion by 2031 at a 5.71% CAGR. Commercial vehicle lubricants are specialized fluids formulated to protect components in trucks, buses, and vans. Market growth is driven by expanding logistics and construction activities which necessitate frequent maintenance for operational efficiency. This demand correlates with rising vehicle registrations. According to the European Automobile Manufacturers' Association, in 2024, new van registrations in the European Union rose by 8.3 percent to nearly 1.6 million units, highlighting the robust activity in the transport sector that fuels lubricant consumption.

Nevertheless, market expansion faces a substantial challenge from the extension of oil drain intervals and the electrification of fleets. Improvements in synthetic lubricant technology allow vehicles to operate longer between services, reducing the annual volume of oil required. Furthermore, the transition to electric powertrains, which utilize fewer fluids than internal combustion engines, threatens traditional engine oil demand. This technological shift creates a landscape where volume growth is impeded by efficiency gains and alternative propulsion systems.

Key Market Drivers

Rising global production and sales of commercial vehicles significantly propel the demand for engine oils, transmission fluids, and greases. As manufacturing hubs ramp up output to meet economic needs, the cumulative volume of required initial fill and top-up lubricants increases proportionately. This intake of new units into the global fleet creates a long-term foundation for aftermarket consumption, as each vehicle requires regular fluid changes to maintain warranty compliance and operational functionality. According to the China Association of Automobile Manufacturers, January 2024, in the 'Production and Sales of Automobile Industry in 2023' report, commercial vehicle production in China reached 4.04 million units, demonstrating the massive scale of manufacturing activity that necessitates substantial lubricant volumes. This continuous influx of new trucks and utility vehicles ensures a steady baseline of demand for lubrication products irrespective of retrofit trends.

The expansion of the logistics and freight transportation sectors further intensifies market consumption through increased vehicle utilization rates and mileage accumulation. Higher freight volumes compel fleet operators to maximize vehicle uptime, resulting in engines operating under heavy loads for extended periods, which accelerates the degradation of protective fluids. This operational intensity forces strict adherence to maintenance schedules to prevent mechanical failures, thereby driving the frequency of oil drains. According to the American Trucking Associations, October 2024, in the 'American Trucking Trends 2024' report, trucks moved 11.18 billion tons of freight in the United States during the previous year, underscoring the heavy workload placed on transport fleets. Beyond freight, the recovery in passenger transit also contributes to this momentum. According to the Society of Motor Manufacturers and Traders, in 2024, the United Kingdom witnessed a 44.6 percent increase in bus and coach registrations for the prior year, reinforcing the broad necessity for lubricants across diverse commercial segments.

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Key Market Challenges

The extension of oil drain intervals and the increasing electrification of fleets constitute a significant impediment to volume growth in the global commercial vehicle lubricant market. operational efficiency improvements in synthetic lubricant technology have enhanced the thermal stability and durability of engine oils, allowing fleet operators to significantly extend the mileage between scheduled maintenance services. This development directly reduces the frequency of oil changes, thereby contracting the total annual volume of lubricant required per vehicle. Furthermore, the progressive replacement of internal combustion engines with electric powertrains eliminates the need for traditional engine oils entirely, creating a structural decline in demand for the market’s highest-volume product category.

This trend toward electrification is particularly evident in the public transport sector, where fleet turnover is accelerating. According to the European Automobile Manufacturers' Association (ACEA), in 2024, new registrations of electrically chargeable buses in the European Union increased by 26.8 percent compared to the previous year. This substantial rise in electric bus deployment displaces diesel-powered units, directly eroding the addressable market for conventional commercial lubricants and dampening overall consumption rates.

Key Market Trends

The development of specialized e-fluids represents a critical structural shift as the industry adapts to the electrification of commercial fleets. Unlike internal combustion engines requiring heavy-duty engine oils, electric powertrains demand advanced thermal management fluids and specialized transmission greases to handle high voltage and copper corrosion issues. This transition accelerates as manufacturers increase the deployment of zero-emission vehicles to meet regulatory targets, creating a new niche for fluid technology that prioritizes thermal conductivity over combustion stability. According to the International Energy Agency, April 2024, in the 'Global EV Outlook 2024' report, global sales of electric trucks reached nearly 54,000 units in 2023, necessitating a distinct supply chain for dielectric coolants that differ fundamentally from conventional hydrocarbon lubricants.

The adoption of low-viscosity lubricants is intensifying as manufacturers comply with stringent fuel economy regulations. Formulators are shifting toward lower viscosity grades to reduce internal engine friction, thereby improving fuel efficiency without compromising wear protection under high-load conditions. This technical evolution is mandated by government policies aiming to drastically curtail the carbon footprint of the logistics sector, forcing OEMs to utilize lighter oils to ensure engine certification. According to the European Council, May 2024, in the 'CO2 emission standards for heavy-duty vehicles' press release, the council adopted a regulation requiring a 90 percent reduction in CO2 emissions from new heavy-duty vehicles by 2040, a target that compels the usage of energy-conserving lubricants to minimize parasitic energy losses.

Segmental Insights

The Light Commercial Vehicle segment stands out as the fastest-growing category in the global commercial vehicle lubricant market, primarily driven by the rapid expansion of the e-commerce and logistics sectors. This growth is fueled by the rising demand for last-mile delivery, which necessitates larger fleets operating at higher frequencies. Furthermore, stricter emission standards enforced by institutions such as the European Commission require the use of specific lubricants to ensure engine compliance and longevity. Consequently, the combination of increased fleet utilization and regulatory requirements is accelerating demand within this segment.

Regional Insights

North America stands as a leading region in the Global Commercial Vehicle Lubricant Market, largely due to its expansive road freight infrastructure and rigorous regulatory environment. The United States Environmental Protection Agency (EPA) mandates strict emission and fuel economy standards for heavy-duty vehicles, which necessitates the widespread adoption of premium, low-viscosity synthetic lubricants. These regulations compel fleet operators to prioritize high-performance oils that enhance engine efficiency and longevity. Consequently, the region commands a dominant market position through high-value product consumption and consistent demand from the logistics sector, distinguishing it as a primary hub for industry revenue.

Recent Developments

• In February 2025, Petronas Lubricants International signed a partnership agreement with the Dumarey Group to co-develop lubricant solutions for alternative fuel powertrains. This collaboration focused on creating specialized engine oils for hydrogen combustion engines and high-performance fluids for new energy vehicles, targeting the evolving requirements of the heavy-duty transport industry. By combining expertise in fluid technology and propulsion systems, the companies aimed to enhance the efficiency and durability of low-carbon mobility solutions. The initiative also involved exploring predictive maintenance capabilities through data analytics to optimize fluid replacement cycles, thereby supporting the commercial viability of sustainable transportation technologies.
• In December 2024, TotalEnergies Lubrifiants launched the Rubia EV3R range, a new line of heavy-duty engine oils formulated with high-quality regenerated base oils. This product introduction extended the company's eco-responsible offerings to the commercial transport sector, aiming to reduce carbon emissions without compromising operational efficiency. The lubricants were approved by multiple original equipment manufacturers and were designed to provide performance levels equivalent to conventional oils while promoting circular economy principles. The range included specific viscosity grades tailored to the needs of heavy-duty fleets, supporting customers in their decarbonization strategies through the use of re-refined materials and recycled packaging.
• In December 2024, Gulf Oil Lubricants India entered into a strategic partnership with Nayara Energy to distribute its automotive products across a widely expanded network. This collaboration enabled the availability of the company's comprehensive lubricant portfolio, including products specifically designed for commercial vehicles, at over 6,500 fuel retail outlets. The three-year agreement was established to leverage the partner's extensive infrastructure, catering to the growing demand from fleet operators along major highway corridors. Furthermore, the alliance designated the company's diesel exhaust fluid as an exclusive offering within the network, reinforcing its support for the operational and emission-control needs of the commercial transport sector.
• In May 2024, Castrol introduced a new fully synthetic engine oil, VECTON LONG DRAIN 5W-30 E6/E9, specifically engineered for the global commercial vehicle market. This lubricant was developed to meet the rigorous 2022 specifications established by the Association of European Automobile Manufacturers for heavy-duty engines, including the updated E8 and E11 standards. The product offered extended drain intervals and enhanced protection against oxidation and deposits, directly addressing the challenges associated with modern hardware complexity and the use of alternative fuels. By replacing a previous fuel-saver variant, this formulation ensured compliance with evolving regulatory requirements while optimizing maintenance schedules for fleet operators.

Key Market Players

• Hinduja Group
• Hindustan Petroleum Corporation Limited
• Indian Oil Corporation Ltd
• Shell PLC
• Motul
• Petrobras
• PETRONAS Lubricants International
• Phillips 66 Company
• PT Pertamina Lubricants
• Repsol

By Vehicle Type	By Sales Channel	By Product Type	By Region
LCV M&HCV	OEM Replacement	Engine Oil Transmission Oil Hydraulic Oil Grease	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Commercial Vehicle Lubricant Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Commercial Vehicle Lubricant Market, By Vehicle Type:

• LCV
• M&HCV

• Commercial Vehicle Lubricant Market, By Sales Channel:

• OEM
• Replacement

• Commercial Vehicle Lubricant Market, By Product Type:

• Engine Oil
• Transmission Oil
• Hydraulic Oil
• Grease

• Commercial Vehicle Lubricant Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE