The global electric vehicle fluids and lubricants market size reached USD 1,178.8 Million in 2020 and is expected to register a CAGR of 18.7%, during the forecast period, according to latest analysis by Emergen Research. Increasing demand for effective and reliable electric vehicle fluids and lubricants is one of the key factors expected to drive global electric vehicle fluids and lubricants market growth during the forecast period. Rising adoption of electric vehicles and increasing government support in the form of subsidies and incentives to increase adoption of electric vehicles are other key factors expected to augment growth of the global electric vehicle fluids and lubricants market going ahead.
The Global Electric Vehicle Fluids and Lubricants Market is projected to witness a significant increase in the revenue generation and is expected to register a CAGR of 18.7% in the forecast period of 2020-2027. The report further segments the Electric Vehicle Fluids and Lubricants industry into types of products offered by the market and application spectrum. The report is a comprehensive guide to gain insightful information about market dynamics, current and emerging trends, product portfolio, growth prospects, competitive landscape, and consumer behavior. The report also offers insights to help readers formulate strategic investment and business expansion plans.
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Factors such as increasing adoption of electric vehicles due to stringent regulations implemented by government in countries in North America to reduce carbon emissions, adopt more environment-friendly and renewable energy resources and vehicles, and rising focus on reducing dependence on fossil fuels among others, are driving growth of the market in the region.
Global Electric Vehicle Fluids and Lubricants Market COVID-19 Analysis
The report is furnished with the latest changes in the market scenario and demand and supply ratios with regards to the currently unfolding COVID-19 pandemic. The research report offers an initial and future assessment of the impact of the COVID-19 pandemic on the industry and offers insights for the businesses to overcome the difficulties raised by the crisis.
The global Electric Vehicle Fluids and Lubricants market report analyzes the current trends of the market, along with the barriers expected to rise during the forecast estimation for 2020-2028. The report offers the growth spectrum of the key companies and utilizes the key statistical tools for the evaluation of the various elements of the industry to offer an accurate growth forecast.
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The report also takes into consideration the effect of the different restrictions imposed in different regions on the Electric Vehicle Fluids and Lubricants industry and its key segments. It also offers a current and future impact analysis of the pandemic on the overall Electric Vehicle Fluids and Lubricants market.
Key players in the market include 3M, Castrol, Royal Dutch Shell, Total Lubricants, Valvoline Inc., Motul, Fuchs Petrolub SE, Engineered Fluids Inc, Exxon Mobil Corporation, and Lubrizol Corporation.
The segmentation of the market is done on the basis of product types, application spectrum, and the key regions of the Electric Vehicle Fluids and Lubricants market. Along with this, the report also provides extensive coverage of the key companies and their strategic schemes to gain a substantial market position.
- Product Type Outlook (Revenue, USD Million; 2018–2028)
- Brake Fluid
- Heat Transfer Fluid
- Drive System Fluid
- Distribution Channel Outlook (Revenue, USD Million; 2018–2028)
- Propulsion Type Outlook (Revenue, USD Million; 2018–2028)
- Battery Electric Vehicles (BEVs)
- Hybrid Electric Vehicles (HEVs)/Plug-In Hybrid Electric Vehicles (PHEVs)
The report offers a comprehensive overview of the global Electric Vehicle Fluids and Lubricants market scenario pertaining to market value, volume, production and consumption rates, and market segmentation based on types, regions, and applications.
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- Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Key Questions Addressed in the Report:
- Who are the leading players of the Electric Vehicle Fluids and Lubricants industry?
- Which region is expected to dominate the market in the coming years?
- What are the key applications of the Electric Vehicle Fluids and Lubricants market?
- Which segment is expected to garner traction during the coming years?
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021–2028
Chapter 3. Key Insights
Chapter 4. Electric Vehicle Fluid and Lubricants Market Segmentation & Impact Analysis
4.1. Electric Vehicle Fluid and Lubricants Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
126.96.36.199. Increasing demand for effective and reliable electric vehicle Fluid and lubricants
188.8.131.52. Growing need for better thermal management in electric vehicles
184.108.40.206. Rising adoption of electric vehicles
220.127.116.11. Increasing focus among users on timely servicing of electric vehicles
4.2.3. Market restraints analysis
18.104.22.168. The high cost of electric vehicle Fluid and lubricants
22.214.171.124. Issues regarding feasibility of developing immersion cooling battery during thermal management
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Electric Vehicle Fluid and Lubricants Market By Product Type Insights & Trends, Revenue (USD Million)
5.1. Product Type Dynamics & Market Share, 2021–2028
5.1.2. Brake Fluid
5.1.3. Heat Transfer Fluid
5.1.4. Drive System Fluid
Chapter 6. Electric Vehicle Fluid and Lubricants Market By Distribution Channel Insights & Trends, Revenue (USD Million)
6.1. Distribution Channel Dynamics & Market Share, 2021–2028
Chapter 7. Electric Vehicle Fluid and Lubricants Market By Propulsion Type Insights & Trends, Revenue (USD Million)
7.1. Propulsion Type Dynamics & Market Share, 2021–2028
7.1.1. Battery Electric Vehicles (BEVs)
7.1.2. Hybrid Electric Vehicles (HEVs)/Plug-In Hybrid Electric Vehicles (PHEVs)
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