Automotive Lubricant Market: Global Size, Share, Trends, Growth and Forecast 2022-2032
Automotive Lubricant Market: Overview and Definition
The global automotive lubricants market reached a value of USD 75.2 Billion in 2021 and is expected to reach USD 95.5 Billion by 2032, exhibiting a CAGR of 5.5% during 2022-2032.
The automotive lubricant market refers to the market for various types of lubricants used in the automotive industry, including engine oils, transmission fluids, gear oils, and other lubricants used in automotive applications. Lubricants are essential for the proper functioning of automotive machinery, helping to reduce friction and wear, dissipate heat, and protect against corrosion.
The global automotive lubricant market is expected to experience significant growth over the coming years, driven by factors such as increasing demand for passenger and commercial vehicles, rising automotive production, and the growing focus on fuel efficiency and environmental sustainability.
The market research report demonstrates market dynamics including growth drivers, barriers and opportunities and trends spearheading current nature and future status of this market. The report is supplemented with various indicators which are believed to propel the growth of the market during the forecast period.
In Addition, Porter’s Five Forces analysis demonstrates the five forces i.e. buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in Automotive Lubricant market. The report also offers value chain analysis for the Automotive Lubricant market.
Global Automotive Lubricant Market Size & Forecast
The report reviews the preliminary estimates for 2018 and forecasts for growth in Automotive Lubricant demand for 2020-2025. It analyses the market by geographies i.e. North America, Europe, Asia Pacific, Latin America & Middle East & Africa. Further, the geographies are fragmented into country and regional groupings:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report segments the market based on Product Type into...
- Engine Oil
- Gear Oil
- Transmission Fluids
- Brake Fluid
Further, the market has been also segmented by Application into…
- Passenger Cars
- Light Commercial Vehicles
Along with figures and tables, a market attractiveness and BPS analysis has been provided for every segment in the report.
Global Automotive Lubricant Market: Competitive Landscape
The report also highlights the competitive landscape of the global Automotive Lubricant market, positioning of all the major players in industry. Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The research study includes profiles of leading companies operating in the global Automotive Lubricant market.
Some of the key players profiled include;
- Royal Dutch Shell plc
- ExxonMobil Corporation
- BP p.l.c.
- Chevron Corporation
- Total S.A.
- Sinopec Corporation
- Fuchs Lubricants Co.
- Phillips 66 Company
- Valvoline LLC
- Repsol S.A.
- JXTG Nippon Oil & Energy Corporation
- Bharat Petroleum Corporation Limited
- Others Major & Niche Key Players