Car Engine Lubricant Market Scope
Car Engine Lubricant plays a major role in the field of automotive industries. It helps in cooling down the heated elements of the engine and ensures to remove all the dirt on the engine. This lubricant offers one of the major features called viscosity. It ensures smooth motion of the engines and has a capability to stand firm against the motion. Rising demand for automotive sectors rapidly in both developed and developing nation is driving the market for car engine lubricant.
The market study is being classified by Type (Conventional Oil, Full-synthetic Oil and Synthetic-blend Oil), by Application (Passenger Vehicle and Commercial Vehicle) and major geographies with country level break-up.
Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Car Engine Lubricant market throughout the predicted period.
Royal Dutch Shell (Netherland), ExxonMobil (United States), BP (United Kingdom), Total S.A. (France), Chevron Corporation (United States), Fuchs Petrolub (Germany), Idemitsu Kosan (Japan), JX Group (Japan), SK Lubricants (South Korea) and Hyundai Oilbank (South Korea) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Sinopec (China), China National Petroleum Corporation (China), LURODA (China) and Jiangsu Gaoke (China).
AdvanceMarketAnalytics has segmented the market of Global Car Engine Lubricant market by Type, Application and Region.
On the basis of geography, the market of Car Engine Lubricant has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales channel, the sub-segment i.e. Online will boost the Car Engine Lubricant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 5th November 2018, the companies named Tata Motors and Gulf Oil signed an agreement to launch a new lube range for PVs or its passenger vehicle segment in India. The main aim of this partnership is that they will be selling co-branded Tata Motors Genuine Oil in the high street bazaar market under this agreement.
- Adoption of Bio-Based Oils
- Increasing Demand from Automotive Industry
- Increasing Number of Vehicles Worldwide
- Rising Safety Awareness towards Vehicles Coupled With Improving Performance of the Vehicles
- Rising Demand from Developing Countries like China and India
- Growing More Automotive Sector in both Developed and Developing Nations
- The Emergence of Electric Vehicles
- Issue Related To the Quality of Low-Quality Oils in Cheaper Rates
- Availability of Other Substitutes in Market
Key Target AudienceCar Engine Lubricants Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase