Automotive Lubricants Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

The Automotive Lubricants market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Automotive Lubricants market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Automotive Lubricants industry. The report analyzes and declares the historical and current trends analysis of the Automotive Lubricants industry and subsequently recommends the projected trends anticipated to be observed in the Automotive Lubricants market during the upcoming years.

Key Insights from Primary Research

• It was recognized through primary research that the automotive lubricant market was valued at around USD 78600 million in 2019.
• Asia Pacific is expected to hold the largest market share of automotive lubricants in terms of revenue, in 2019.
• Based on base oil segmentation the “Mineral Oil Lubricants” category, was the leading revenue-generating category in 2019.
• Based on application, the “Engine Oil” category, contributes to the largest revenue generation.
• According to our primary respondents, the Coating Pretreatment market is set to grow annually at a rate of around 5%

Key Recommendations from Analysts

• As per our Analysts, the Asia Pacific region is expected to fetch the largest market share based on the volume as well as the revenue. Asia Pacific holds more than 37% of the market share in total vehicle production which is expected to create significant demand for automotive lubricants in the forecasted time.
• Increasing per capita income and increasing need for individualized transport options have guided car sales in many countries. Increasing motorcycle sales are also expected to further boost this growth over the forecast period.
• Engine oil is estimated to fetch predominant demand owing to its use in all types of vehicles.
• The demand from heavy commercial vehicles is estimated to create significant demand owing to the need for the lubricant per heavy commercial vehicle being higher than in other categories.
• North America is expected to hold the second rank in total vehicle production followed by Europe which is projected to generate an ecosystem for the vehicle production-dependent market like automotive lubricants.

Automotive Lubricant Market Share in 2019, by Application

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Automotive Lubricants industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Automotive Lubricants industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Automotive Lubricants market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Automotive Lubricants industry. The Automotive Lubricants market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market positions in the Automotive Lubricants sector. Key strategic developments in the Automotive Lubricants market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Automotive Lubricants market are appropriately highlighted in the report.

Automotive lubricating is used in motor vehicles, as transmission oils, engine oil, greases, and gear & brake oil. Automotive lubricants are also known as lubricants or lube. Automotive lubricants are a group of oils that are used to minimize friction, heat, and wear between mechanical components that are in contact.

Increasing per capita income and increasing need for individualized transport options have guided car sales in many countries. Increasing motorcycle sales are also expected to further boost this growth over the forecast period. It is also anticipated that the change in the trend toward green derivatives will drive the demand over the forecast period. There is also a predicted strong presence of regulatory organizations, such as EPA and REACH, to support the overall demand for bio-based lubricants.

The Automotive Lubricants market research report delivers an acute valuation and taxonomy of the Automotive Lubricants industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

The regional segmentation of the Automotive Lubricants industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Automotive Lubricants industry is provided for the leading economies of the world.

The Automotive Lubricants market is segmented based on Type and Application. On the basis of type segmentation, the market is classified into type 1, type 2, and type 3. In terms of Application segmentation, the market is bifurcated into Application 1, Application 2, and Application 3.

Report Scope

Some of the essential players operating in the Automotive Lubricants market, but not restricted include:

•  Idemitsu
•  Royal Dutch Shell Plc.
•  Lukoil
•  Exxon Mobil Corporation
•  Burmah Castrol
•  Total S.A.
•  BP Plc.
•  Equilon
•  Chevron Corporation
•  Pennzoil-Quaker State
•  PetroChina Company Limited
•  Sinopec
•  Valvoline
•  BASF SE
•  Oil Libya
•  Indian Oil Corporation Ltd.
•  KenolKobil
•  FUCHS Lubricants.
•  Oryx Energies
•  KMG Chemicals.

The taxonomy of the Automotive Lubricants industry by its scope and segmentation is as follows:

By Base Oil Segmentation Analysis (Customizable)

• Mineral Oil Lubricants
• Synthetic Lubricants
• Semisynthetic Lubricants
• Bio-Based Lubricants

By Application Segmentation Analysis (Customizable)

• Engine Oil
• Gear & Brake Oil
• Transmission Fluids
• Greases
• Others

By Vehicle Type Segmentation Analysis (Customizable)

• Passenger Cars

• Light Commercial Vehicles (LCV)
• Heavy Commercial Vehicles (HCV)
• Others (Motorbikes)

Regional Segmentation Analysis (Customizable)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa