Reports
Sale
Global Automotive Lubricants Market Size, Share, Report: By Product Type: Engine Oils, Transmission Oils, Hydraulic Fluids, Grease, Others; By Material: Mineral Oils, Synthetic Oils, Others; By Vehicle Type: Passenger Vehicles, Commercial Vehicles, Motorcycles; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Automotive Lubricants Market Outlook
The global automotive lubricants market reached a value of about USD 73.41 billion in 2023. The industry is further expected to grow at a CAGR of about 2.0% in the forecast period of 2024-2032 to reach a value of around USD 88.06 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Asia Pacific to be a Significant Regional Market for Automotive Lubricants
With a large number of on-road vehicles in nations like India, China, Japan, and South Korea, the Asia Pacific region is a significant market for automotive lubricants. Growth in the Asia Pacific region is expected to be driven by the rising economy, mega construction projects, introduction of various favourable policies by the government, such as 100% FDI and "Smart Cities", increasing urbanisation and disposable income, rapid growth in the automotive industry; growing transportation industry; and stringent regulations on CO2 emissions. Another important factor driving the market expansion is an increase in investments by the leading manufacturers in the region. The growing presence of significant lubricants and vehicle manufacturers in the region contributes to the region's automotive lubricants industry's growth. As the government focuses on replacing old vehicles, the demand for upgraded and high-performance lubricants is expected to rise. At the same time, India is the region's second-largest lubricant market and the world's third largest. China is the world's largest vehicle manufacturer. Also, major industry players are also shifting their production facilities to the highly lucrative Asia Pacific market owing to the presence of low-cost labour, ever-increasing demand, and favourable government policies.
Automotive Lubricants: Market Segmentation
Automotive lubricants are fluidic compounds that reduce friction between surfaces and protect automotive components from wear and tear. Engine oils, transmission fluids, grease oils, process oils, and general industrial oils are some of the most often used automobile lubricants. Engines, hinges, bearings, and hydraulic gears, all benefit from these lubricants because they reduce heat created between parts and improve the efficiency and performance of crucial components.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
By product type, the market includes:
- Engine Oils
- Transmission Oils
- Hydraulic Fluids
- Grease
- Others
The various materials in the market are:
- Mineral Oils
- Synthetic Oils
- Semi-Synthetic Oils
- Bio-Based Oils
Based on the vehicle type, the market is divided into:
- Passenger Vehicles
- Commercial Vehicles
- Motorcycles
The regional markets for the automotive lubricants industry can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Growing Automotive Industry Augmenting the Market Growth
The significant growth of the automobile sector around the world is one of the key factors contributing to the market's positive outlook. The increasing use of high-performance lubricants is propelling the market forward. Premium high-viscosity engine oils are used to lubricate internal combustion engines, forming a thin coating between moving components, and allowing smooth operation. Increased demand for heavy-duty motor vehicle engine oils to withstand extreme geographic conditions and meet emission criteria in on- and off-highway heavy vehicles is also contributing to market expansion. Other growth-inducing factors include product developments such as the introduction of chemical-free bio-based automobile lubricants. These lubricants provide superior lubricity and aid in minimising the adverse effects on the environment caused by synthetic lubricants. Other factors, including rising expenditure capacities of the consumers and extensive research and development activities for improvements in oil quality, are anticipated to drive the market growth. Over the forecast period, rising motorcycle sales are expected to bolster this growth even further. Rising per capita income and increasing need for individualised transportation options have driven the sale of cars in several countries.
Key Industry Players in the Global Automotive Lubricants Market
The report gives a detailed analysis of the following key players in the global automotive lubricants industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- AMSOIL Inc.
- Bharat Petroleum Corporation Limited
- BP International Limited
- Chevron Corporation
- China National Petroleum Corporation
- ENEOS Corporation
- Indian Oil Corporation Limited
- Exxon Mobil Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment
|
| Breakup by Product Type |
|
| Breakup by Material |
|
| Breakup by Vehicle Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Price Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Lubricants Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Lubricants Historical Market (2018-2023)
8.3 Global Automotive Lubricants Market Forecast (2024-2032)
8.4 Global Automotive Lubricants Market by Product Type
8.4.1 Engine Oils
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Transmission Oils
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Hydraulic Fluids
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Grease
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Automotive Lubricants Market by Material
8.5.1 Mineral Oils
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Synthetic Oils
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Semi-Synthetic Oils
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Bio-Based Oils
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Automotive Lubricants Market by Vehicle Type
8.6.1 Passenger Vehicles
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Commercial Vehicles
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Motorcycles
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Automotive Lubricants Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Automotive Lubricants Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Automotive Lubricants Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Automotive Lubricants Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Automotive Lubricants Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Automotive Lubricants Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 AMSOIL Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Bharat Petroleum Corporation Limited
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 BP International Limited
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Chevron Corporation
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 China National Petroleum Corporation
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 ENEOS Corporation
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Indian Oil Corporation Limited
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Exxon Mobil Corporation
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Others
18 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Automotive Lubricants Market: Key Industry Highlights, 2018 and 2032
2. Global Automotive Lubricants Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Automotive Lubricants Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Automotive Lubricants Historical Market: Breakup by Material (USD Billion), 2018-2023
5. Global Automotive Lubricants Market Forecast: Breakup by Material (USD Billion), 2024-2032
6. Global Automotive Lubricants Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
7. Global Automotive Lubricants Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
8. Global Automotive Lubricants Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Automotive Lubricants Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Automotive Lubricants Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Automotive Lubricants Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Automotive Lubricants Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Automotive Lubricants Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Automotive Lubricants Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Automotive Lubricants Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Automotive Lubricants Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Automotive Lubricants Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Automotive Lubricants Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Automotive Lubricants Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Historical Price Trends and Forecast 2018-2028
21. Global Automotive Lubricants Market Structure
Key Questions Answered in the Report
In 2023, the global automotive lubricants market attained a value of nearly USD 73.41 billion.
The market is projected to grow at a CAGR of 2.00% between 2024 and 2032.
The global automotive lubricants market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 88.06 billion by 2032.
The major drivers of the market include the growing economy, mega construction projects, introduction of various favourable policies by the government, increasing urbanisation and disposable income, growing transportation industry, and increasing need for individualised transportation options.
A significant growth in the automobile sector and increased use of high-performance lubricants are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different product types are engine oils, transmission oils, hydraulic fluids, and grease, among others.
The various materials in the market are mineral oils, synthetic oils, semi-synthetic oils, and bio-based oils.
Based on the vehicle type, the market is divided into passenger vehicles, commercial vehicles, and motorcycles.
The major players in the industry are AMSOIL Inc., Bharat Petroleum Corporation Limited, BP International Limited, Chevron Corporation, China National Petroleum Corporation, ENEOS Corporation, Indian Oil Corporation Limited, and Exxon Mobil Corporation, among others.
Analyst Review
The global automotive lubricants market attained a value of USD 73.41 billion in 2023, driven by significant growth in the automobile sector. Aided by the introduction of various favourable policies by the government and increased use of high-performance lubricants, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 2.00%. The market is projected to reach USD 88.06 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The different product types are engine oils, transmission oils, hydraulic fluids, and grease, among others. The various materials in the market are mineral oils, synthetic oils, semi-synthetic oils, and bio-based oils. Based on the vehicle type, the market is divided into passenger vehicles, commercial vehicles, and motorcycles. The major regional markets for the automotive lubricants are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the global automotive lubricants market are AMSOIL Inc., Bharat Petroleum Corporation Limited, BP International Limited, Chevron Corporation, China National Petroleum Corporation, ENEOS Corporation, Indian Oil Corporation Limited, and Exxon Mobil Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER