Vehicle Lubricating Oil Market
Vehicle Lubricating Oil Market Global Industry Assessment & Forecast
#
Pages:
175
2021
Nov - 2021
VMR-2021-0558
Segments Covered
By
Product Engine Oil, Gear Oil, Transmission Fluids, Brake Fluids, Coolants, Greases
-
By
Vehicle Type Passenger Vehicles, Commercial Vehicles, Motorcycles
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
72.83 Billion |
 Revenue 2028:
|
90.32 Billion |
 Revenue CAGR
(2021 - 2028): |
4.10% |
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
The report
delivers an acute breakdown of the market based on various segments such as Product,
Vehicle Type, and region. The report will cover market
estimations and forecast for each segment by region for the years 2016–2028. Several
growth factors and opportunities impacting various segments have been
incorporated in the report. On
the basis of Product, the market is divided into Engine Oil, Gear Oil, Transmission Fluids, Brake Fluids, Coolants, Greases. Engine Oil
held the largest share in 2020 and is projected to witness substantial growth
during the forecast period.
Based
on Vehicle Type, the market is divided into Passenger Vehicles, Commercial Vehicles, Motorcycles. Engine oil
attributed to the highest market share and is expected to grow at a significant
CAGR from 2021 to 2028.
Global Vehicle Lubricating Oil Market: Product Segment Analysis
-
- Engine Oil
- Gear Oil
- Transmission Fluids
- Brake Fluids
- Coolants
- Greases
Global Vehicle Lubricating Oil Market: Vehicle Type Segment Analysis
-
- Passenger Vehicles
- Commercial Vehicles
- Motorcycles
FAQ
Frequently Asked Question
What is the global demand for Vehicle Lubricating Oil in terms of revenue?
-
The global Vehicle Lubricating Oil valued at 72.83 Billion in 2020 and is expected to reach 90.32 Billion in 2028 growing at a CAGR of 4.10%%.
Which are the prominent players in the market?
-
The prominent players in the market are Total, ExxonMobile, Sinopec, CNPC, Castrol, VC, Morris Lubricants, Royal Dutch, Copton, VALVOLINE, LUKOIL, CHEVRON, FUCHS, NIPPON OIL, Lubrita..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.10%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Vehicle Lubricating Oil include
- The rising vehicle sale across the globe is anticipated to augment the growth of the vehicle lubricating oil market during the forecast period. This is owing to the rapid urbanization, rising disposable income of the consumers, and increasing developments in current technologies. Furthermore, increase in global sales of automobiles has also caused a major inclination towards the adoption of personal vehicles which is in turn expected to support the growth of the vehicle lubricating oil market in the forecast period.
- The increasing demand for engine oils among both consumer and commercial automobiles is anticipated to augment the growth of the vehicle lubricating oil market in the years to come. This is due to its use for applications like wear reduction, corrosion protection, and smooth operation of engine internals. They operate by creating a thin film between the moving parts for enhancing the transfer of heat and reducing tension during the contact of parts. Additionally it also helps in prevention of oil leaks and the reduction of oil consumption which are factors driving the market.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Vehicle Lubricating Oil in 2020.
