Global Automotive Engine Oil Market, By Type (Conventional Engine Oil, Synthetic Engine Oil, Synthetic Blend Oil, High-Mileage Engine Oil), Sales Channel (OEM, Aftermarket), Engine Type (Gasoline, Diesel, Alternative Fuel), Vehicle Type (Passenger Cars, LCVs, Motorcycles), Grade (Mineral, Synthetic, Semi-Synthetic), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Automotive engine oil market will reach at an estimate value of USD 52.41 billion and grow at a CAGR of 3.80% in the forecast period of 2020 to 2027. The rising vehicle production all over the globe is an essential factor driving the automotive engine oil market.
Automotive engine oil is used in the transmission chamber and engine of the vehicle to curtail the friction between the components of the engine assembly and transmission. The marginal function of the engine oil is to prolong the temperature of the engine chamber and prevent the rusting of engine parts because of oxidation. These oils are derived from petroleum, that is further processed to enhance the quality of the engine oil.
The rising demand for high mileage engine oil from developed countries for sport and luxury cars is an essential factor accelerating the market growth, also rising demand for synthetic blend oil from passenger and commercial vehicles and rising norms and regulations by government to reduce smoke and use good quality engine oil for the prevention of environment are the major factors among others boosting the automotive engine oil market. Moreover, technological advancements and increasing R&D activities by manufacturers will further create new opportunities for automotive engine oil market in the forecast period mentioned above.
However, the presence of low-price engine oil substitutes and rising preference of society for electric vehicles that do not contain engines are the major factor among others which will curtail the market growth, and will further challenge the automotive engine oil market in the forecast period mentioned above.
This automotive engine oil market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive engine oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive Engine Oil Market Scope and Market Size
Automotive engine oil market is segmented on the basis of type, sales channel, engine type, vehicle type and grade. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the automotive engine oil market is segmented into conventional engine oil, synthetic engine oil, synthetic blend oil and high-mileage engine oil.
- Based on sales channel, the automotive engine oil market is segmented into OEM and aftermarket.
- Based on engine type, the automotive engine oil market is segmented into gasoline, diesel and alternative fuel.
- Based on vehicle type, the automotive engine oil market is segmented into passenger cars, LCVs and motorcycles.
- The automotive engine oil market is also segmented on the basis of grade into mineral, synthetic and semi-synthetic.
Global Automotive Engine Oil Market Scope Country Level Analysis
Automotive engine oil market is analysed and market size, volume information is provided by country, type, sales channel, engine type, vehicle type and grade as referenced above.
The countries covered in the automotive engine oil market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive engine oil market due to increasing product demand from developing economies and enhanced product quality and performance due to stringent regulations by the society of automotive engineers (SAE) and american petroleum institute (API) in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Engine Oil Market Share Analysis
Automotive engine oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive engine oil market.
The major players covered in automotive engine oil market report are Motul, Petroliam Nasional Berhad (PETRONAS) (20076-K), ExxonMobil, Royal Dutch Shell, Total S.A., Fuchs Group, Petronas Lubricant International Sdn Bhd, Amsoil Inc, CASTROL LIMITED, Chevron Corporation, Oryx Energies SA, KenolKobil Ltd., Sinopec, Pennzoil, Equilon Enterprises, Lukoil and Idemitsu Kosan Co.,Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Automotive Engine Oil Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.