बाजार अवलोकन

The automotive lubricants market is experiencing significant growth, with the market size estimated to reach USD 100.6 billion by 2027, growing at a CAGR of 4.87%. Automotive lubricants are essential for minimizing friction in vehicles and play secondary roles in cleaning and cooling engine parts, as well as preventing rust and corrosion. Customers’ increasing demands for better-performing lubricants that enhance fuel economy and overall engine performance are driving changes in the market. Technological advancements are addressing diverse automotive needs such as extending engine shelf life, reducing carbon footprint, improving fuel efficiency, offering low viscosity lubricants, and meeting evolving vehicle emission standards. The rising use of passenger cars and commercial vehicles, particularly in emerging economies, is fueling the demand for automotive lubricants.

The automotive industry in countries like India, चीन, ब्राज़िल, and South Korea is experiencing rapid growth. Over the past few decades, the global automotive market has expanded in terms of markets, production capacity, and competitive standards. Emerging economies such as India and China, with their large domestic markets, have attracted significant foreign direct investment (FDI) and established assembly plants for multinational corporations. इसके अतिरिक्त, supportive industrial policies implemented by governments in these economies have increased production capacity in the automobile industry. As reported by the International Organization of Motor Vehicle Manufacturers, emerging economies have seen remarkable growth in the automotive sector since 2005 due to factors such as low-cost raw materials, skilled labor, and increased FDI.

The high investment in the automobile sector poses challenges for lubricant manufacturers, as the industry requires new lubricant formulations that are environmentally friendly while delivering high performance. इसके अतिरिक्त, different manufacturers have specific requirements for engine design, transmission assembly, gearbox, and brake systems. Therefore, lubricant companies need to collaborate with automobile manufacturers to develop and provide suitable lubricant products tailored to each vehicle’s specifications. For example, the use of thinner engine oils can enhance fuel economy, but it may also affect engine functionality, posing a challenge for lubricant manufacturers.

बाजार विभाजन

The market is segmented based on various factors, including product type, group, oil type, and geography.

Segmentation by Product Type
Engine Oil
Transmission Fluid
Hydraulic Fluid
अन्य

Segmentation by Group
Commercial vehicles
Two-wheelers
Passenger Car
अन्य

Segmentation by Oil Type
Mineral Oil
Fully Synthetic Oil
Semi-Synthetic Oil
Biobased lubricant

Segmentation by Geography
North America – US, कनाडा
Europe – जर्मनी, फ्रांस, UK, इटली, स्पेन, रूस
APAC – चीन, जापान, भारत, South Korea, इंडोनेशिया
Latin America – ब्राज़िल, मेक्सिको
Middle East & Africa – दक्षिण अफ्रीका, ईरान, इराक

Engine oil, the most commonly used automotive lubricant in internal combustion engines, plays a crucial role in engine performance by safeguarding moving parts against wear and tear. Comprised of base oils and various additives, engine oil possesses a wide range of properties. As automotive manufacturers heavily invest in research and development, the production of high-performance engine oils that enhance fuel efficiency is anticipated to drive the market forward.

Among various segments, the commercial vehicle segment holds the largest share. This segment encompasses trucks, buses, vans, heavy transport trailers, और दूसरे, primarily utilized for transporting goods, materials, and passengers. Commercial vehicles commonly employ diesel engines due to their superior torque and fuel efficiency. These vehicles often utilize high horsepower engines and modular transmission assemblies with increased gearbox gear ratios to transmit power efficiently. इसके अतिरिक्त, commercial vehicle manufacturers incorporate air brake assemblies that utilize hydraulic fluid to improve handling. Given the complex functionality of commercial vehicles, high-quality automotive lubricants are necessary to ensure optimal performance. The rising demand for commercial vehicles driven by population growth, environmental sustainability efforts, and urbanization is expected to increase lubricant consumption in this segment.

Mineral oil-based lubricants are renowned for their excellent lubricating properties and find application in various mechanical components, including engines, transmission assemblies, and brake assemblies, operating within a temperature range of -17°C to 150°C. An advantage of mineral oils is their compatibility with many additives, allowing for the enhancement of overall automotive vehicle performance. Mineral oils also demonstrate compatibility with numerous grease thickener systems. इसके अतिरिक्त, mineral oils are cost-effective compared to synthetic oils. In emerging economies like China, भारत, ब्राज़िल, रूस, South Korea, and Mexico, where price sensitivity among consumers is prominent, the demand for mineral oil-based lubricants is predicted to surge.

The Asia-Pacific (APAC) region stands as the largest market for automotive lubricants. Factors such as rapid urbanization, increasing disposable income, growing demand for passenger cars, the rising adoption of new energy vehicles, and expanding industrialization contribute to the demand for automotive lubricants in APAC. Countries such as China, भारत, जापान, and Indonesia demonstrate significant consumption of automotive lubricants due to the escalating demand for passenger cars and two-wheelers. आगे, APAC benefits from low labor and raw material costs, along with government initiatives promoting Foreign Direct Investment in the automotive industry and related sectors, further fueling the demand for automotive lubricants in the region.

प्रतिस्पर्धी परिदृश्य

Key market players in the automotive lubricants industry have implemented various strategies to foster growth. Companies within this sector engage in strategic competition, encountering challenges related to sustainable processes and initiatives on a global scale. Technological advancements, environmental concerns, and economic challenges are driving the demand for innovative and sustainable automotive lubricant products.

Prominent players in the automotive lubricants market include Exxon Mobil Corporation (US), British Petroleum (UK), Shell (नीदरलैंड), Gulf Oil (US), Idemitsu (जापान), Castrol (US), Fuchs (जर्मनी), and Chevron Corporation (US). These companies have employed strategies such as expansion, agreements, new product development, joint ventures, among others, with the goal of augmenting their revenues in the automotive lubricants market.

The report covers the forecast period from 2022 को 2027, with the base year being 2021, for the automotive lubricants market. It provides segmentation based on types, vehicle types, oil types, and geography for the specified years. The report offers a comprehensive analysis of the automotive lubricants market, facilitating efficient market evaluation for customers.

Key companies profiled in this report include ExxonMobil Corporation, Shell PLC, Total Energies, Chevron Corporation, Castrol Limited, BP PLC, SINOPEC, Philips 66, Hindustan Petroleum Corporation Limited, GS Caltex Corporation, Idemitsu Kosan Co., लिमिटेड, FUCHS, Kuwait Dana Lubes Company, Bharat Petroleum Corporation Limited, Valvoline Inc., Indian Oil Corporation Limited, Gulf Oil International limited, Petro-Canada Lubricant Inc., Liqui Moly, Ravensberger Schmierstoffvertrieb GmbH (Ravenol), Motul, Repsol, Petroliam Nasional Berhad (PETRONAS), Pennzoil, Behran Oil Co.

Key Questions Answered

WHAT IS THE SIZE OF THE AUTOMOTIVE LUBRICANTS MARKET?

The global automotive lubricants market is projected to reach USD 100.6 billion by 2027.

WHAT ARE THE DRIVERS OF GROWTH IN THE AUTOMOTIVE LUBRICANTS MARKET?

The growth of the automotive lubricants market is driven by factors such as the increasing demand for alternate engine powertrains, usage of Group II and III base oils, and the rapid growth in urbanization and middle-income population.

WHO ARE THE MAJOR PLAYERS IN THE AUTOMOTIVE LUBRICANTS MARKET?

ExxonMobil Corporation, Shell PLC, Total Energies, Chevron Corporation, and Castrol Limited are key vendors in the automotive lubricants market.

WHAT ARE THE RECENT TRENDS IN THE AUTOMOTIVE LUBRICANTS MARKET?

Some of the latest trends in the automotive lubricants market include innovations aimed at achieving more efficient and high-performance engines, as well as a focus on improving sustainability standards related to productivity and profitability.

WHICH REGION HAS THE LARGEST MARKET SHARE IN THE AUTOMOTIVE LUBRICANTS MARKET?

North America currently holds the largest share in the automotive lubricants market.