Global Automotive Lubricants Market Size, Share, Emerging Technologies, Future Trends, Opportunity Assessment & Competitive Analysis by Product Type, by Vehicle Type, by Lubricant Type & by Distribution Type with COVID-19 impact | Forecast Period 2017-2030

Global Market Overview

The global automotive lubricants industry is anticipated to witness a significant upsurge in demand in the coming years owing to the escalating trend of possessing an automobile among consumers. The sale of automotive lubricants could be positively impacted on the back of the growing awareness about some benefits such as upgraded average age of automobiles and improved operations. This profitable position of the world automotive lubricants market is projected to prevail over the course of the forecast period. In 2016, more than 37.4 million tons of lubricants were consumed around the world of which 65% accounted for automotive lubricants, 22% for industrial lubricants, including related specialties, 5% marine oils, and 8% process oils. On manufacturers end the competition is intense as the top 15 lubricants manufacturers share two-thirds of the global lube market, while the remaining of more than 700 manufacturers share the other half. However, in coming years upsurge in electric vehicles may impact the growth and demand for automotive lubricants by some extent.

Goldstein Market Intelligence analyst forecast global automotive lubricants market is anticipated to reach USD 76.5 billion by 2025 at a CAGR of 4.4% over the forecast period as investments in R&D activities to develop innovative synthetic lubricants are probable to deliver opportunities for growth in the future.

Automotive Lubricants Market Segmentation

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 Geography

• North America (US, Canada) {Market Share (%), Market Size (USD Billion)} 
• Europe (UK, France, Italy, Germany, Spain, Sweden, Russia, Netherlands, Norway and Rest of Europe) {Market Share (%), Market Size (USD Billion)} 
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)} 
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)} 
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)} 

Market Dynamics (Market Drivers and Restraints, Consumer Trends)

By Major Components

Based on the major components, engine oil accounted for the largest revenue share of more than 52% in total automotive lubricants market. Engine oil is extensively used in passenger cars, diesel trucks, and light-duty trucks. It helps in retaining viscosity, guarantee reliability and reduce engine wear. Further, the engine oil market is likely to grow at significant pace over the forecast period owing to increasing sales of IC engine automobiles in Asia Pacific and South America region.

By Region

Based on geography, Asia Pacific region dominated the global automotive lubricants market with about 42% market share of global automotive lubricants market. Moreover, China is the fastest growing region for automotive lubricants market majorly fueled by the growing sales of new automobiles in the country, which is expected to increase at a CAGR of +6% during the forecast period. Moreover, Europe is likely to surpass the sales of plug-in hybrid electric vehicles over the forecast period owing to higher adoption rate in Western Europe countries. On the other hand, Europe and North America are expected to showcase steady growth rates owing to major shift towards electric vehicles.   

Covered In This Global Automotive Lubricants Market Report

The report covers the present ground scenario and the future growth prospects of the automotive lubricants for 2017-2030 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major regions. Global automotive lubricants market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Global Automotive Lubricants Market Report 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global automotive lubricants market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Automotive Lubricants Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

COVID-19 impact on "Automotive Lubricants Market"

The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Automotive Lubricants Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Key Market Players

Our Global Automotive lubricants Market Report comprises of the following companies as the key players:

• 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.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this global automotive lubricants market report

• What is the total market size by 2030 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for automotive lubricants market
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the automotive lubricants market’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects