MarketResearch.biz delivers in-depth insights on the global automotive engine oil market in its upcoming report titled, “Global Automotive Engine Oil Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global automotive engine oil market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive engine oil market report has been segmented on the basis of type, sales channel, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
When an engine is properly lubricated, it needs to put less work into moving pistons as the pistons glide easily. In the long run, the car is able to operate while using less fuel and run at a lower temperature. Engine oil, also known as lubricating oil, is used to reduce the friction, heat, and wear and tear between mechanical components that are in contact with each other.
Rising vehicle production across the globe and increasing demand for high mileage engine oil from developed countries for sport and luxury cars are major factor driving growth of the global automotive engine oil market. In addition, increasing demand for synthetic blend oil from passenger and commercial vehicles is expected to support growth of the global automotive engine oil market.
However, presence of low price engine oil substitutes is expected to challenge growth of the global automotive engine oil market to certain extent.
Technological advancements and increasing R&D activities by manufacturers is expected to create new opportunities in term of revenue to players operating in the global automotive engine oil market over the forecast period.
Asia Pacific market is expected to dominate in the global automotive engine oil market with higher revenue share as compared to that of the other regional markets, and is expected to continue its dominance during the forecast period. This can be attributed to increasing vehicle production and presence of prominent players operating in countries in this region. North America and Europe markets account for significant revenue shares in the global automotive engine oil market followed by markets in Latin America and Middle East & Africa respectively. The market in Europe is projected to register fastest growth in terms of revenue, owing stringent government regulations related to environmental pollution and increasing demand from transportation sector in this region.
Global Automotive Engine Oil Market Segmentation:
- Conventional Engine Oil
- Synthetic Engine Oil
- Synthetic Blend Oil
- High-Mileage Engine Oil
By Sales Channel:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Gazpromneft Lubricants, Ltd.
- LUKOIL oil company
- Royal Dutch Shell plc.
- Saudi Arabian Oil Co.
- Exxon Mobil Corporation
- Chevron Corporation.
- Sinopec Lubricant Company
- Jiangsu Tech. Company Limited
- Castrol Limited
- Ashland Inc.
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