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Global Automotive Lubricants Market 2017-2021

Global Automotive Lubricants Market 2017-2021

About Automotive Lubricants

Lubricants are materials that reduce the friction between components in a vehicle. Automotive lubricants include fluids such as engine oil, gear oil, transmission fluid, and brake oil. These are used to reduce the friction between the surfaces in contact, which will improve the efficiency of automotive components such as engines, brakes, and gear system. These lubricants also help in removing unwanted particles that cause disruptions in the functioning of automotive parts.

Technavio’s analysts forecast the global automotive lubricants market to grow at a CAGR of 4.60% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive lubricants market for 2017-2021. To calculate the market size, the report considers the sales volume of lubricants in the OEM market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
Technavio's report, Global Automotive Lubricants Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Shell
  • ExxonMobil
  • BP
  • Chevron Corporation
Other prominent vendors
  • Bharat Petroleum Corporation
  • Gulf Oil
  • Indian Oil Corporation
  • Motul
  • China Petrochemical Corporation
  • Total
Market driver
  • Heavy dependence on IC engines for logistics
  • For a full, detailed list, view our report
Market challenge
  • Rise in demand for battery electric vehicles
  • For a full, detailed list, view our report
Market trend
  • Constant need for technological upgrade
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Lubricants Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive lubricants market: Shell, ExxonMobil, BP, and Chevron Corporation.

Other Prominent Vendors in the market are: Bharat Petroleum Corporation, Gulf Oil, Indian Oil Corporation, Motul, China Petrochemical Corporation, and Total.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is constant need for technological upgrade. The rapid technological advances in the manufacturing of machinery and automobiles are intensifying the need for environment-friendly and high-performance lubricants and lubricant additives. Therefore, lubricant manufacturers must constantly upgrade their production capabilities and product portfolio to match the revised requirements.”

According to the report, one driver in the market is heavy dependence on IC engines for logistics. Emerging countries like India and China are exhibiting an increase in the preference for transportation through roads. In 2016, IC engines held a market share of more than 95% of the total commercial vehicles sold globally and played a key role in logistics. In the commercial vehicles segment, there are hardly any vehicles that run on battery or alternate fuels. Hence, there is a high dependency on IC engines for transportation. All such engines require lubricants. Even the amount of lubricants required in medium and heavy vehicles is more than other vehicles.

Further, the report states that one challenge in the market is rise in demand for battery electric vehicles. The sales of battery electric vehicles have been gaining momentum since 2014. Though many factors have contributed to the growing sales of battery electric vehicles, the most crucial factor is the government initiative to promote the adoption of battery electric vehicles among consumers. The battery electric vehicles market is nurtured by governments worldwide to curb high emission levels. The global battery electric vehicles market is flourishing due to numerous benefits and perks provided by governments.

Companies Mentioned

Shell, ExxonMobil, BP, Chevron Corporation, Bharat Petroleum Corporation, Gulf Oil, Indian Oil Corporation, Motul, China Petrochemical Corporation, and Total.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
    • Types of automotive lubricants
      • Table Types of automotive lubricants
      • Table Segmentation of global automotive lubricants market by product type 2016 (%)
  • Market landscape
    • Market overview
      • Table Segmentation of global automotive lubricants market
    • Market size and forecast
      • Table Global automotive lubricants market 2016-2021 (millions of gallons)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application type
    • Global automotive lubricants market segmentation by application type
      • Table Segmentation of global automotive lubricants market by application type 2016 and 2021 (%)
    • Global automotive lubricants market in passenger car segment
      • Table Global automotive lubricants market in passenger car segment 2016-2021 (millions of gallons)
      • Table Automotive lubricants market in passenger car segment by region 2016-2021 (gallons in million)
    • Global automotive lubricants market in LCV segment
      • Table Global automotive lubricants market in LCV segment 2016-2021 (gallons in million)
      • Table Global automotive lubricants market in LCV segment by region 2016-2021 (gallons in million)
    • Global automotive lubricants market in M&HCV segment
      • Table Global automotive lubricants market in M&HCV segment 2016-2021 (gallons in million)
      • Table Global automotive lubricants market in M&HCV segment by region 2016-2021 (gallons in million)
  • Geographical segmentation
    • Global automotive lubricants market by geography
      • Table Global automotive lubricants market by geography 2016 and 2021
    • Automotive lubricants market in the Americas
      • Table Automotive lubricants market in the Americas 2016-2021 (gallons in million)
      • Table Average distance covered per year by different vehicles in the Americas 2016 (miles)
    • Automotive lubricants market in Europe
      • Table Automotive lubricants market in Europe 2016-2021 (gallons in million)
    • Automotive lubricants market in APAC
      • Table Automotive lubricants market in APAC 2016-2021 (gallons in million)
      • Table Percentage of electric vehicle in China compared to total vehicle sales in China market 2014 2020 (%)
  • Key leading countries
    • Table Key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Global battery electric vehicles market 2016-2021 (million units)
      • Table Traditional and BBW braking components (1-1 relation not implied)
  • Market trends
    • Table Key market trends in automotive lubricants market
    • Growing usage of synthetic oils in APAC
    • Growing usage of multigrade lubricants
    • Constant need for technological upgrade
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Shell
      • Table Shell's business segmentation by revenue 2016 (%)
      • Table Shell: Product portfolio
    • ExxonMobil
      • Table ExxonMobil business segmentation by net profit 2016 ($ millions)
      • Table ExxonMobil: Product portfolio
      • Table ExxonMobil: Recent development
    • BP
      • Table BP: Product portfolio
      • Table BP: Recent development
    • Chevron Corporation
      • Table Chevron Corporation: Product portfolio
      • Table Chevron Corporation: Recent development
  • Appendix
    • List of abbreviations
  • Explore Technavio

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