In accordance with this study, the Global Automotive Lubricant Market value registered in 2021 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2028 with a CAGR of XX% during the period of 2021-2028.
Automotive lubricant is a lubricant used to reduce friction between two surfaces of the components of a vehicle. Automotive lubricants also help to control the vehicle temperature by absorbing the heat generated by moving parts of the vehicle and transfer it to the sump or cooler.
Market Dynamics
The increasing number of automotive production coupled with rowing need for the maintenance of vehicles is driving the automotive lubricant market growth. Moreover, growing OEM recommendation on usage of quality lubricants, such as synthetic/semi-synthetic oil is again boosting the market growth. However, concerns regarding environmental hazards associated with the mineral oil lubricants may hamper the market growth.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of automotive lubricant.
Market Segmentation
The study offers a decisive view of the global automotive lubricant market by segmenting it in terms of lubricant type, application, and vehicle type. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
By Lubricant Type
- Mineral Oil
- Synthetic/Semi Synthetic Oil
- Bio-Based Oil
By Application
- Engine Oil
- Gears & Transmission Oil
- Hydraulic Oil
- Greases & Specialties
- Others
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Regional Analysis
This section covers automotive lubricant market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global automotive lubricant market along with the individual application segment across all the prominent region.
Global Automotive Lubricant Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global Automotive Lubricant market are Chevron Corporation, Exxon Mobil, Royal Dutch Shell, Sinopec Group, and others. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
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