Automotive Lubricant Market Is Driven By The growing Demand for Electric Vehicle In Next Few Years

Global Automotive Lubricants Market Anticipated to Reach USD 76.5 Billion by 202

According to Goldstein Research, global automotive lubricants market size is expected to reach USD 76.5 billion by 2025, growing at a compounded annual growth rate of 4.4% during the forecast period 2017-2025. The factors such as growth in investment in R&D activities for developing synthetic lubricants, the rise in automobile sales are impacting the growth of the market.

Global automotive lubricants market analysis has been carried out on the basis of product type, lubricants type, vehicle type, distribution channel, and geography. Engine oil segment has acquired largest market share i.e. +52%, but over the forecast period, the growth of engine oil segment tends to grow at the moderate pace due to increase in the use of IC engine automobiles. Global automotive lubricants market is largely driven by Asia Pacific having a market share of 42% in 2017, with China leading in the region and growing at a CAGR of +6% over the forecast period. Whereas, with the growth of electric vehicles market in North America & Europe, the growth of automotive lubricants market is anticipated to grow at a slow pace.

Market Segmentation

On the basis of our in-depth analysis, Global automotive lubricants market can be segmented as follows:

By Product Type

  • Engine Oil
  • Gear Oil
  • Differential Oil
  • Hydraulic Fluids
  • Coolants
  • Grease

By Lubricants Type

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

By Vehicles Type

  • Passenger Cars
  • Light-Weight Commercial Vehicles
  • Heavy-Weight Commercial Vehicles
  • Two/Three Wheelers

By Distribution Channel

  • OEMs
  • Aftermarket

By Region

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific Automotive Lubricants Market (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Automotive Lubricants Market Analysis” contains the detailed overview of the global automotive lubricants market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, lubricants type, vehicle type and distribution channel.

Further, for the in-depth analysis, Global Automotive Lubricants Market Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as ExxonMobil, Royal Dutch Shell, Total SA, Fuchs Group, Petronas Lubricant International Sdn Bhd, Amsoil Inc., Chevron Corporation, KMG Chemicals, Oryx Energies, KenolKobil, Oil Libya, Sinopec, Pennzoil-Quaker State, Equilon, Burmah Castrol, Lukoil, Idemitsu, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global automotive lubricants market trends along with the market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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