27-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Automotive Lubricants Market By Base Oil (Mineral Oil Lubricants, Semisynthetic Lubricants, Bio-Based Lubricants, and Synthetic Lubricants) and By Application (Transmission Fluids, Engine Oil, Greases, Gear & Brake Oil, and Others), By Vehicle Type (Passenger Cars, Heavy Commercial Vehicles (HCV), Light Commercial Vehicles (LCV), and Others (Motorbikes)): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Automotive Lubricants market in 2019 was approximately USD 78600 Million. The market is expected to grow at a CAGR of 5% and is anticipated to reach around USD 110600 Million by 2026.
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.
Browse the full “Automotive Lubricants Market By Base Oil (Mineral Oil Lubricants, Semisynthetic Lubricants, Bio-Based Lubricants, and Synthetic Lubricants) and By Application (Transmission Fluids, Engine Oil, Greases, Gear & Brake Oil, and Others), By Vehicle Type (Passenger Cars, Heavy Commercial Vehicles (HCV), Light Commercial Vehicles (LCV), and Others (Motorbikes)): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/automotive-lubricants-market-by-base-oil-mineral-oil-952
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.
On the basis of region, Automotive Lubricants Market is bifurcated into the segments such as base oil, application, and vehicle type. In terms of the base oil market is divided such as semisynthetic lubricants, mineral oil lubricants, bio-based lubricants, and synthetic lubricants. Mineral oil lubricants are expected to have significant demand in the forecasted period owing to availability and economic pricing. Based on the application market is bifurcated into transmission fluids, engine oil, greases, gear & brake oil, and others. Engine oil is estimated to fetch predominant demand owing to its use in all types of vehicles. Moreover, according to vehicle type, the market is divided into Passenger Cars, Heavy Commercial Vehicles (HCV), Light Commercial Vehicles (LCV), and Others (Motorbikes). The demand from heavy commercial vehicles is estimated to create significant demand owing to the need for lubricant per heavy commercial vehicle being higher than in other categories.
Based on region market is bifurcated into the Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The Asia Pacific is expected to lead the region for the automotive lubricants market. According to an article published by Cargroup 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. In addition to this 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. On the other hand regions like the Middle East and Latin America are expected to generate moderate demand for automotive lubricants in the forecasted period.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 78600 Million |
Projected Market Size in 2026 |
USD 110600 Million |
CAGR Growth Rate |
5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
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, and KMG Chemicals.others |
Key Segment |
By Base Oil, By Application, By Vehicle Type, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The market consists of a large number of players. The existence of big as well as small players is creating an intense market rivalry. The leading players in the markets are 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, and KMG Chemicals.
This report segments the Automotive Lubricants market as follows:
Global Automotive Lubricants Market: By Base Oil Segmentation Analysis
- Mineral Oil Lubricants
- Synthetic Lubricants
- Semisynthetic Lubricants
- Bio-Based Lubricants
Global Automotive Lubricants Market: By Application Segmentation Analysis
- Engine Oil
- Gear & Brake Oil
- Transmission Fluids
- Greases
- Others
Global Automotive Lubricants Market: By Vehicle Type Segmentation Analysis
- Passenger Cars
- Light Commercial Vehicles (LCV)
- Heavy Commercial Vehicles (HCV)
- Others (Motorbikes)
Global Automotive Lubricants Market: Regional Segmentation Analysis
- North America
- 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
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