Market Overview

Canada Automotive Lubricants Market (2006, 2011, 2016 and 2021) by Product and Formulation - Lengthening Drain Intervals and Weak Motor Vehicle Output Limit Sales Gains - ResearchAndMarkets.com

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The "Automotive
Lubricants in Canada by Market, Product and Formulation"
report
has been added to ResearchAndMarkets.com's offering.

This study presents historical demand data (2006, 2011, and 2016) and
forecasts for 2021 by market (light vehicles, medium & heavy vehicles,
off-highway equipment), product (engine oils, transmission & hydraulic
fluids, gear oils & greases), and formulation (conventional, synthetic,
re-refined/bio-based).

The study also evaluates company market share for industry players
including:

  • BP
  • Chevron
  • Exxon Mobil
  • Petro-Canada (HollyFrontier)
  • Shell

Lengthening Drain Intervals and Weak Motor Vehicle Output Limit
Sales Gains

Factors contributing to market declines include the use of modern
vehicles with advanced engine technologies that contribute to longer
lubricant drain intervals. Slow growth in the motor vehicle park, as
well as declining motor vehicle production, will also restrict lubricant
demand. However, growth is expected for off-highway equipment
lubricants, supported by expansion in the country's construction,
agriculture, and mining sectors.

Key Findings

Advanced Engine Technologies Limit Aftermarket Lubricant Demand

As an affluent nation with a modern vehicle park, Canada sees intensive
use of motor vehicles with advanced engine technologies that not only
offer enhanced fuel efficiency, but also consistently extended average
lubricant drain intervals. In addition, wealthier consumers are better
able to purchase high quality synthetic lubricants that require less
frequent replacement than conventional alternatives.

Lubricant use among OEMs will be limited by a downturn in the country's
motor vehicle output, particularly of light vehicles, as sales to the US
slow.

Brighter Outlook for Off-Highway Equipment Lubricants Market

Off-highway equipment will be the only major automotive lubricants
market in Canada to offer growth opportunities through 2021. Accelerated
construction spending, combined with increased surface mining output and
growth in the area of agricultural land harvested, will support more
intensive use of bulldozers, excavators, tractors, and other similar
machinery.

Synthetic Formulations Continue to Capture Market Share from
Conventional Lubricants

Sales of synthetic lubricants are forecast to rise at a healthy pace
through 2021, capturing further market share from conventional
formulations, which historically dominated demand. An ongoing focus on
improving fuel economy will continue to favor the switch to low
viscosity synthetics.

For more information about this report visit https://www.researchandmarkets.com/research/6hp7js/canada_automotive?w=4

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