Global U.K. Off-Highway Equipment Lubricants Market by Product (Transmission Fluids, Hydraulic Fluids, Greases, Gear Oil, Heavy Duty Engine Oil) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

The U.K. market for off-highway equipment oil lubricants was worth USD 493.6 Million in 2018. It is expected to grow at an estimated 1.9% CAGR from 2019-2025. Heavy-duty engine oil is a major driver of the industry, with a share of 58.2% in 2018. The market will be driven by an increasing demand for heavy-duty oil, transmission fluids and gear oils.

Due to the aging manufacturing industry, industry growth is expected to slow down over the next six-years. However, the growth of construction and agricultural equipment rental services and expanding agricultural and infrastructure industries is expected to positively impact the consumption lubricants over coming years.

Most of the off-highway oil lubricants are used in construction, agriculture, mining, and other related activities. Concrete equipment, earthmoving machinery and material handling cranes are the most common types of construction machinery in the U.K., with excavators and backhoe loads accounting for the majority of the demand.

Heavy-duty engine oil, which is one of the most popular types of off-highway oils, is the largest segment. It is characterised by a diesel engine setup that aims to deliver high fuel efficiency and low torque. In the near future, heavy-duty oil development will be affected by the evolving engine specifications of OEMs. This is due to fuel efficiency and environmental regulations surrounding diesel vehicles.

The rental industry's increasing penetration is expected to lead to significant changes in the consumption of off-highway machinery oil lubricants. To maintain their fleet for a longer time, rental fleet operators apply lubricants more frequently than regular. Over the forecast period, independent repair shops will also increase in number. Another factor driving market demand is the stricter regulations regarding regular maintenance of machinery to lower pollution.

Product Insights

Engine oil reduces friction between moving parts, and therefore reduces wear and tear on internal combustion engines. It cools the engine by carrying away heat. Also, it is resistant to thermal fluctuations. It neutralizes acid from fuel combustion and lubricant oxygenation, which ensures smooth operation and higher efficiency.

The U.K.'s off-highway equipment oil lubricants market will be driven by heavy duty engine oil, transmission fluids and gear oils. The U.K. is a major exporter of heavy machinery. It is expected that the demand for OEMs from factory fill will grow at a moderate rate.

Industry growth is expected to be driven by increasing investment in OEM plants and growing demand for heavy-duty construction machinesries. Equipment handlers are becoming more aware of the climatic effects and constant exposure to dirt and dust has led to a significant increase in the use of lubricants to improve machinery durability and performance.

Equipment Type Insights

The U.K. is a major exporter and manufacturer of construction equipment. This mainly includes earthmoving and material handling machinery. Numerous construction OEM companies are present in the country, including J C Bamford Excavators Ltd. Terex Trucks Caterpillar and Caterpillar. These companies manufacture equipment for both domestic and international markets. Construction machinery's consumption of lubricants is higher than that in agriculture and forestry.

The region has very few manufacturers of agricultural and forestry equipment. The country imports machinery from many manufacturers in North America, Europe and elsewhere to meet domestic demand. John Deere and Massey Furguson, Fendt, Massey Furguson (Valtra, New Holland), Case IH, Kubota, Massey Furguson and Massey Furguson are just a few of the most popular brands of agricultural equipment in the U.K.

Off-highway lubricants are most popular in construction machinery, which is fueled by numerous infrastructure development projects. Heavy-duty machines can withstand extreme environmental conditions. These conditions include temperatures that fluctuate between cold and hot. Heavy operations in agriculture, mining and construction equipment require high-performance lubricants. This is necessary to maintain engine health and maximize performance. This ensures that product demand is high.

End-use Insights

End-users for off-highway equipment oil lubricants are both U.K.-based and non-U.K. OEM companies with manufacturing or assembly facilities within the country. Independent workshops, franchise workshops, as well as rental services are all other end-users. The U.K. had the highest lubricants consumption in 2018, according to rental services. This trend is expected continue due to the growing use of rental services within the construction and agriculture industries. In the U.K., equipment rental is expected to provide lucrative growth opportunities.

Independent repair shops have also increased in number across the country. The market has seen a rise in awareness about the initial cost of lubricants. This could result in significant savings, as well as reducing operational and maintenance costs. Because of the relatively low cost of their services, machinery owners and users prefer to have them serviced by independent or franchise shops.

Some prefer to have their equipment serviced by authorized dealers to maintain the quality and authenticity of their work. Many rental service providers take care of their equipment themselves, usually in an in-house workshop with fully-trained mechanics. The rising trend in machinery rental, whether for a short or long-term basis, is expected to increase the demand for off-highway equipment oil lubricants.

U.K. Off Highway Equipment Lubricants Market Share insights

The market is well-consolidated, with major industry players accounting for between 50-55% of its total market. British Petroleum, Shell and ExxonMobil are the top players in this market. Total, Fuchs Lubricants and Chevron are also prominent. Morris Lubricants and Rock Oil are also prominent players in the market.

New entrants to the U.K. lubricant manufacturing market, such as New Era Fuels Limited or The Witham Group are also growing market share due to their established supply chain and being authorized distributors for some of the top manufacturing companies, including Total, Petronas Lubricants and Q8Oils.

To meet the increasing demand for products from different end-use industries, manufacturers are expanding their existing capacities. Fuchs Lubricants UK plc updated its U.K.-based warehouse, raw material facilities and storage facility to meet the increasing demand for lubricants for off-highway vehicles. To meet increasing demand from Africa and North America, Fuchs Lubricants (UK) plc expanded its two grease manufacturing plants in South Africa as well as Chicago.

The Report Covers Certain Segments

This report provides a forecast of revenue growth at the country level as well as an analysis of industry trends in each sub-segment from 2014 to 2025. Grand View Research segmented the U.K. Off-Highway Equipment Lubricants Market Report on the basis product, type, and end-use.

• Product Outlook (Volume of Kilotons; Revenues, USD Million, 2014-2025)

  • Heavy Duty Engine Oil

  • Transmission Fluids

  • Hydraulic Fluids

  • Greases

  • Gear oils

  • Other

• Equipment Type Outlook (Volume of Kilotons; Revenues, USD Millions, 2014-2025)

  • Construction Equipment by Type

    • Earthmoving Equipment

    • Material Handling and Cranes

    • Concrete Equipment

    • Road building equipment

  • Construction Equipment for End-Use

    • OEM

    • OEM Dealers

    • Independent Workshops

    • Franchise

    • Rents

  • Agriculture & Forestry: End-Use

    • OEM

    • OEM Dealers

    • Independent Workshops

    • Franchise

    • Rents

  • End-Use Mining Equipment

    • OEM

    • OEM Dealers

    • Independent Workshops

    • Franchise

    • Rents

• End-use Outlook (Volume of Kilotons; Revenues, USD Millions, 2014-2025)

  • OEM

  • OEM Dealers

  • Independent Workshops

  • Franchise

  • Rents

Up Market Research published a new report titled “U.K. Off-Highway Equipment Lubricants Market research report which is segmented by Product (Transmission Fluids, Hydraulic Fluids, Greases, Gear Oil, Heavy Duty Engine Oil), By Players/Companies New Era Fuels, Morris Lubricants, Exol Lubricants, Rock Oil, The Witham Group”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global U.K. Off-Highway Equipment Lubricants Market Report Segments:

The market is segmented by Product (Transmission Fluids, Hydraulic Fluids, Greases, Gear Oil, Heavy Duty Engine Oil).

U.K. Off-Highway Equipment Lubricants Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the U.K. Off-Highway Equipment Lubricants Market

Overview of the regional outlook of the U.K. Off-Highway Equipment Lubricants Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The U.K. Off-Highway Equipment Lubricants Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of U.K. Off-Highway Equipment Lubricants Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Transmission Fluids

                2. Hydraulic Fluids

                3. Greases

                4. Gear Oil

                5. Heavy Duty Engine Oil

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the U.K. Off-Highway Equipment Lubricants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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• Identifying Appropriate Advertising Appeals

Reasons to Purchase the U.K. Off-Highway Equipment Lubricants Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.