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Automotive Oil Market

Automotive Oil Market

Automotive Oil Market Global Industry Assessment & Forecast

# Pages:

180

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0764

Segments Covered
  • By Grade Mineral, Semi-synthetic, Fully-synthetic
  • By Engine Type Gasoline, Diesel, Alternative Fuel
  • By Application Passenger Car, Commercial Vehicle
Snapshot
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 37.58 Billion
Revenue 2028Revenue 2028: 53.48 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 4.51%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
FAQ
Frequently Asked Question
  • The global Automotive Oil valued at 37.58 Billion in 2020 and is expected to reach 53.48 Billion in 2028 growing at a CAGR of 4.51%%.

  • The prominent players in the market are ExxonMobil, Conoil Plc, Shell, Forte Oil PLC, Total, Oando Plc, Chevron, Castrol, Engen..

  • The market is project to grow at a CAGR of 4.51%% between 2021 and 2028.

  • The driving factors of the Automotive Oil include

    • The rising demand for high mileage vehicles for better performance of the vehicle is anticipated to augment the growth of the automotive oil market during the forecast period. For high mileage vehicles, high mileage oil is infused with a unique blend of conditioning agents and additives that regular oil doesn’t have. The agents and additives help in slow leaks by conditioning engine seals that may have degraded over time, break up and dissolve sludge left behind by other oils, reduce oil loss caused by burn-off Improve your fuel efficiency and reduce general wear and tear on older engines. Hence, these factors are driving the demand for the automotive oil market in the years to come.
    • The increasing demand from emerging economies is expected to fuel the growth of the automotive oil market in the years to come. This is attributable to the presence highest number of vehicles present in developing economies especially in countries like China, India, and Thailand. Moreover, India and China are expected to have the highest number of vehicles on road and also India has the largest market for two-wheelers, which shall further drive the growth of the automotive oil market.

  • Asia Pacific was the leading regional segment of the Automotive Oil in 2020.