Pulished Date November, 2019
ID: 8922
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Automotive Lubricants Market Segmented by Application (Engine Oil, Gear and Break Oil, Transmission Fluids), by End-use vehicle (Passenger Cars, Heavy Commercial Vehicles, Light Commercial Vehicles), by Source Oil (Synthetic and Semisynthetic Oil, Mineral Oil, Bio-based Lubrication) Regional analysis- Global Industry Analysis, Forecast, Trends and Market Size Report 2019-2024

Pulished: November, 2019
ID: 8922
Pages: 150

Automotive Lubricants Market Overview and Trends:

Automotive Lubricants market is estimated at USD 64.41 Million in 2019 and is expected to expand at a CAGR of 3.5% to USD 76.5 Billion by 2024.

Lubricant is a material, generally natural, applied to reduce friction between surfaces in mutual contact, which eventually reduces the heat generated by moving surfaces. It may also have the purpose of transmitting forces, transporting foreign particles, or heating or cooling the air. The property of friction reduction is known as lubricity. Automotive lubricants improve the overall strength and operation of the vehicle and protect it from wear and tear, friction and high temperatures. The rise in consumer preference for high-quality synthetic lubricants is a crucial driver of this market. They exemplify modern innovations capable of producing robust surfaces, optimizing overall efficiency.

Drivers and Restraints of Automotive Lubricants Market:

Drivers:

  • Population growth and income growth offer numerous opportunities for the expansion of the automotive lubricants market.
  • The growth of the global automotive industry and the increase in demand for high-quality lubricants, which is expected to boost the overall growth of the automotive industry further.
  • The growth in the use of synthetic lubricants due to their superior characteristics, such as low emissions of volatile compounds and a comparatively thicker surface compared to traditional mineral oil lubricants, is expected to complement the global automotive lubricants market.

Restraints:

  • Volatile prices of raw materials are expected to hinder the overall growth of the automotive lubricants market.
  • The automobile lubricants market is a well-established one and also a highly competitive one with many regional players and many other large MCN’s. Few of these companies are continually investing in R&D for better synthetic oils. It is a bit difficult for new companies to join the game for market share.

Market Segmentation:

By Vehicle Type:

Based on the Vehicle Type, Automotive Lubricants market is segmented into, Personal Passenger Vehicle, Heavy Commercial Vehicles, and Light Commercial Vehicles. Of these, the category of passenger cars provides the highest market potential in the automotive lubricants industry due to an increase in global demand for these cars and general utility vehicles, with an increase in public transport costs. Increased consumer inclination towards secure and easy transport needs further boosts growth in this segment.

The use of automotive lubricants in LCVs has seen significant developments, leading to a steady increase in disposable income per capita and an increase in demand for commercial vehicles. The segment of passenger cars is expected to register a CAGR of 5.1% during the forecast period.

However, increasing concerns about environmental hazards associated with mineral oil lubricants may have an impact on overall market growth in developed and developing countries, but investment in R&D activities to produce novel synthetic lubricants is expected to provide opportunities for growth in the future.

By Application: 

Based on the Application, the Automotive Lubricants market is segmented into Engine Oil, Gear and Brake Oil, Transmission Fluids. Of these, engine oil accounted for the highest revenue share of more than 52% of the total market for automotive lubricants. Engine oil is commonly used in passenger cars, diesel trucks, and light-duty trucks. This helps maintain viscosity, maintains reliability and reduces engine wear. In addition, the demand for engine oil is likely to grow at a substantial pace over the forecast period due to increased sales of IC engines specifically in the Asia Pacific and South America.

Automotive Lubricants Region-wise analysis:

Based in region, Automotive Lubricants can be segmented into:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America and Middle East Africa
    1. Brazil
    2. Saudi Arabia

Geographically, Asia-Pacific and LAMEA collectively accounted for almost two-thirds of the global market in terms of volume and are expected to continue this trend due to an increase in urbanization, particularly in China, India, Brazil, and other developing countries. However, a rise in urban population with increased disposable income per capita and an increase in overall consumer spending are driving the growth of the Asia-Pacific market.

Key Players of Market:

Some of the key players of the Global Automotive Lubricants market include Royal Dutch Shell Plc., Valvoline, Total S.A., Exxon Mobil Corporation, Indian Oil Corporation Ltd., BP Plc., PetroChina Company Limited BASF SE, Chevron Corporation, and FUCHS Lubricants.

Global Automotive Lubricants Market Research Report Key Highlights:

  1. Evaluation of the current stage of market and future implications of the market based on the detailed observation of recent key developments.
  2. Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market.
  3. Comprehensive segmentation of the market, a detailed evaluation of the market by further sub-segments.
  4. Address Market Drivers, Restraints and providing insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is a result of a competitive environment.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemiology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 By Application                           

                                5.1.1 Introduction           

                                5.1.2 Engine Oil

                                5.1.3 Gear and Break Oil               

                                5.1.4 Transmission Fluids             

                                5.1.5 Y-o-Y Growth Analysis        

                                5.1.6 Market Attractiveness Analysis      

                                5.1.7 Market Share Analysis       

                5.2 By End-Use                 

                                5.2.1 Introduction           

                                5.2.2 Passenger Cars      

                                5.2.3 Heavy Commercial Vehicles             

                                5.2.4 Light Commercial Vehivles

                                5.2.5 Y-o-Y Growth Analysis        

                                5.2.6 Market Attractiveness Analysis      

                                5.2.7 Market Share Analysis       

                5.3 By Source Oil                              

                                5.3.1 Introduction           

                                5.3.2 Synthetic and Semisynthetic Oil     

                                5.3.3 Mineral Oil              

                                5.3.4 Bio-based Lubrication         

                                5.3.5 Other Lubrication 

                                5.3.6 Y-o-Y Growth Analysis        

                                5.3.7 Market Attractiveness Analysis      

                                5.3.8 Market Share Analysis       

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Application

                                                6.1.3.3 By End-Use

                                                6.1.3.4 By Source Oil

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Application

                                                6.1.4.3 By End-Use

                                                6.1.4.4 By Source Oil

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Application

                                                6.1.5.3 By End-Use

                                                6.1.5.4 By Source Oil

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leader Analysis                                           

                8.1 Royal Dutch Shell Plc                               

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Valvoline                     

                8.3 Total S.A                      

                8.4 Exxon Mobil Corporation                      

                8.5 Indian Oil Corporation                            

                8.6 BP Plc                            

                8.7 PetroChina Company Limited BASF SE                            

                8.8 Chevron Corporation                             

                8.9 FUCHS Lubricants                     

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, Collaborations, and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of Classification and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Automotive Lubricants Market By Region, From 2019-2024 ( USD Billion )
  2. Global Automotive Lubricants Market By Application, From 2019-2024 ( USD Billion )
  3. Global Engine Oil Market By Region, From 2019-2024 ( USD Billion )
  4. Global Gear and break Oil Market By Region, From 2019-2024 ( USD Billion )
  5. Global Transmission Fluids Market By Region, From 2019-2024 ( USD Billion )
  6. Global Automotive Lubricants Market By End-use Vehicle, From 2019-2024 ( USD Billion )
  7. Global Passenger Cars Market By Region, From 2019-2024 ( USD Billion )
  8. Global Heavy Commercial Vehicles Market By Region, From 2019-2024 ( USD Billion )
  9. Global Light Commercial Vehicles Market By Region, From 2019-2024 ( USD Billion )
  10. Global Automotive Lubricants Market By Source Oil, From 2019-2024 ( USD Billion )
  11. Global Synthetic and Semisynthetic Oil Market By Region, From 2019-2024 ( USD Billion )
  12. Global Mineral Oil Market By Region, From 2019-2024 ( USD Billion )
  13. Global Bio-based Lubrication Market By Region, From 2019-2024 ( USD Billion )

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