Automotive Lubricants Market
PUBLISHED: 2022 ID: SMRC22048
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Automotive Lubricants Market

Automotive Lubricants Market Forecasts to 2028 - Global Analysis By Product Type (Engine Oil, Gear Oil, and Other Product Types), Type (Semi-Synthetic Lubricants, Synthetic Lubricants and Other Types), Vehicle Type (Passenger Cars Light Commercial Vehicles and Other Vehicle Types), Sales Channel, Application and By Geography

4.8 (46 reviews)
4.8 (46 reviews)
Published: 2022 ID: SMRC22048

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $69.27 BN

Projected Year Value (2028)

US $85.65 BN

CAGR (2022 - 2028)

3.6%

Regions Covered

North America, Europe, Asiap Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Fastest Growing Market

Europe


According to Stratistics MRC, the Global Automotive Lubricants Market is accounted for $69.27 billion in 2022 and is expected to reach $85.65 billion by 2028 growing at a CAGR of 3.6% during the forecast period. Automotive lubricants are essential to a vehicle's effective operation and protection. They are produced using a variety of base oils. Because they are widely available, mineral-based lubricants are primarily used in all parts of the world. However, the market has been significantly transformed by the introduction and popularity of synthetic or bio-based lubricants. Consumers have benefited from technological advancements in various ways, including longer oil drain and service intervals, higher fuel efficiency, and a longer warranty period.

According to the OICA, the total automotive production across the globe increased by 9% in the first nine months of 2021 compared to 2020. According to International Organization of Motor Vehicle Manufacturers (OICA), the total vehicle units produced in 2021 was 82,684,788 as compared to 78,774,320 in 2020. According to an international industry study, commissioned by Shell Lubricants, the savings opportunity is recognized, but undervalued. About 58% of the companies recognized that lubricant selection can help reduce costs by 5% or more, but fewer than one in 10 (8%) realized that the impact of lubrication could be up to six times greater.



Market Dynamics:

Driver:

Protect automotive components and systems is surging the product demand

Automotive lubricants are increasingly popular on the market thanks to their qualities of durability and vehicle protection. By drastically reducing friction between the pieces, they provide defence against damage to a vehicle's systems and parts. Additionally, the need for low viscosity and better-performing lubricating oils is continuously growing due to the industry's use of smaller and more complicated automotive systems.

Restraint:

Innovation in vehicle technologies is decreasing the product consumption

By minimising friction and safeguarding the solid moving parts, automotive lubricants greatly extend a vehicle's lifespan. But as lubricants and technologies advance every day, growth is drastically reduced. The oil drain intervals in automobiles have increased from once every 6–12 months to 18–24 months as a result of the growing footprint of synthetic lubricants due to advantages including higher fuel efficiency. In order to protect their vehicles, users favour premium lubricants with long oil drain intervals. This, however, has restricted the volume growth of the market and is anticipated to produce poor volume growth over the forecast period.

Opportunity:

Rapid growth in urbanization and middle-income population

Some of the key market opportunities are the rapid urbanisation process, changing lifestyles, and an increase in the population of middle-class people. According to the World Bank, middle-income countries are home to about 75% of the world's population, and this number is growing by 1% per year. The fundamental cause of the recent surge in urbanisation is the significant rise in the number of individuals moving from rural to urban areas. Due to the rapid urbanisation, cities account for more than 80% of the global GDP. The availability of inexpensive raw materials, significant investment in R&D, low cost of skilled labour, and accessibility to high-quality infrastructure have all contributed to the tremendous growth of industries like automotive and information technology in recent years in emerging nations.

Threat:

Increased requirement for alternate powertrain specific lubricants

Great investment in the automotive industry has created a challenge for new lubricant requirements as the industry produces vehicles with low environmental impact and high performance. Additionally, different manufacturers have varied specifications for the gearbox, brake system, transmission assembly, and engine design. As a result, in order to satisfy this criterion, the lubricant sector must collaborate with the automaker to create a new line of products that are appropriate for that vehicle. For example, the thinner engine oil will support fuel efficiency. However, thinner engine oil may have an impact on how well the engine runs, which presents a problem for lubricant producers.

Covid-19 Impact

The rapid spread of the coronavirus around the world has had a severe impact on the worldwide automobile lubricant market. Lubricants are used in automobiles to prevent friction and promote smooth operation of motor vehicles. Automotive lubricants can also be used to transmit power, transport heat, and prevent rust and corrosion. The worldwide automotive lubricant market's expansion has been constrained by business shutdowns, rigorous lockdowns, travel and transportation restrictions, and interrupted supply chains. Businesses are recovering from losses thanks to a strategic strategy taken by market participants, and market contributors are concentrating on cutting-edge solutions to stay afloat in the market.

The engine oil segment is expected to be the largest during the forecast period

The engine oil segment is estimated to have a lucrative growth. The proper operation of the engine in an automobile depends heavily on engine oil. It supports the proper operation of moving parts and maintains the engine's cooling. As a result, regular engine oil changes are essential to prolong engine life and prevent the accumulation of pollutants and sludge. Consequently, compared to other goods, engine oil has a high adoption rate. Due to the large number of gasoline and diesel engine cars on the road, this market segment is anticipated to maintain its dominance over the forecast period. The increasing use of gear oil in trucks, cars, and other automotive machinery for transmissions, differentials, and transfer cases will fuel the segment's expansion during the forecast period.

The heavy commercial vehicles segment is expected to have the highest CAGR during the forecast period

The heavy commercial vehicles segment is anticipated to witness the fastest CAGR growth during the forecast period. Transporting passengers, cargo, and building supplies is the main function of a heavy commercial vehicle. Diesel engines are frequently used in heavy commercial vehicles because they provide more torque and have higher fuel efficiency than other types. Additionally, heavy commercial vehicle manufacturers use hydraulic fluid-powered air brake assemblies for enhanced handling. It is anticipated that increased commercial vehicle demand brought on by population expansion, environmental sustainability, and growing urbanisation will increase lubricant consumption in the sector.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the region's rapid economic expansion, massive construction projects, and the introduction of several advantageous government policies like 100% FDI and "Smart Cities," the automotive industry is predicted to grow at a significant rate over the projected period. Additionally, the rising desire for premium, high-performance passenger cars has drawn significant investment from global automakers.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the enormous industrialization that is going place in this region. Since the previous ten years, Mexico has been a significant centre for the production of cars. Due to Mexico's relatively low manufacturing costs, many major U.S.-based automakers have moved their production bases there. A feature of developed markets in North America and Europe is the rising need for bio-lubricants.



Key players in the market

Some of the key players profiled in the Automotive Lubricants Market include Chevron Corporation, B.P. PLC, Exxon Mobil Corporation, Valvoline Corporation, Shell International B.V., Phillips 66 Company, China National Petroleum Corporation, FUCHS Petrolub SE, Kluber Lubrication Munchen SE & Co. KG, Petroleo Brasileiro S.A., Royal Dutch Shell Plc., Equilon, Indian Oil Corporation Ltd. and BASF SE

Key Developments:

July 2022, Shell USA, Inc. and Shell Midstream Partners, L.P. announced the execution of a definitive agreement and plan of merger. Shell USA will acquire all the common units representing limited partner interests in SHLX or a total value of approximately USD 1.96 billion. The transaction is expected to be closed by the 4th quarter of 2022.

July 2021, Valvoline All-Terrain is a new engine oil designed specifically for off highway, heavy-duty diesel engines that operate in challenging environments. It was created for wear protection in equipment operating in severe settings such as construction, mining, and agriculture.

April 2021, Valvoline Inc. introduced Valvoline High Mileage 150k with MaxLife plus Technology Synthetic Blend, the engine oil explicitly formulated for engines with more than 150,000 miles. The product's innovative formula lowers oil consumption in older, high-mileage engines while its Moly Additive Protection increases engine performance and power.

March 2021, Nissan Motor India signed an agreement with ExxonMobil Lubricants to supply lubricating solutions for the passenger vehicle aftermarket. It will provide a variety of engine oils not only for BS6-compliant vehicles but also for BS3 and BS4 models from the automaker.

February 2021, Shell stated that it will offer consumers carbon-neutral lubricants for heavy-duty diesel engines, passenger automobiles, and industrial uses. Shell Lubricants' multi-year plan will assist customers in managing their sustainability needs.

Product Types Covered:
• Engine Oil
• Gear Oil
• Transmission Fluids
• Coolants
• Brake Fluid & Greases
• Other Product Types

Types Covered:
• Semi-Synthetic Lubricants
• Synthetic Lubricants
• Conventional Lubricants
• Mineral Oil Lubricants
• Bio-Based Lubricants
• Other Types

Vehicle Types Covered:
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Other Vehicle Types

Sales Channels Covered:
• Aftermarket
• Original Equipment Manufacturers (OEMs)

Applications Covered:
• Transportation
• Industrial Machinery & Equipment
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Automotive Lubricants Market, By Product Type
5.1 Introduction
5.2 Engine Oil
5.3 Gear Oil
5.4 Transmission Fluids
5.5 Coolants
5.6 Brake Fluid & Greases
5.7 Other Product Types

6 Global Automotive Lubricants Market, By Type
6.1 Introduction
6.2 Semi-Synthetic Lubricants
6.3 Synthetic Lubricants
6.4 Conventional Lubricants
6.5 Mineral Oil Lubricants
6.6 Bio-Based Lubricants
6.7 Other Types

7 Global Automotive Lubricants Market, By Vehicle Type
7.1 Introduction
7.2 Passenger Cars
7.3 Light Commercial Vehicles
7.4 Heavy Commercial Vehicles
7.5 Other Vehicle Types

8 Global Automotive Lubricants Market, By Sales Channel
8.1 Introduction
8.2 Aftermarket
8.3 Original Equipment Manufacturers (OEMs)

9 Global Automotive Lubricants Market, By Application
9.1 Introduction
9.2 Transportation
9.3 Industrial Machinery & Equipment
9.4 Other Applications

10 Global Automotive Lubricants Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 Chevron Corporation
12.2 B.P. PLC
12.3 Exxon Mobil Corporation
12.4 Valvoline Corporation
12.5 Shell International B.V.
12.6 Phillips 66 Company
12.7 China National Petroleum Corporation
12.8 FUCHS Petrolub SE
12.9 Kluber Lubrication Munchen SE & Co. KG
12.10 Petroleo Brasileiro S.A.
12.11 Royal Dutch Shell Plc.
12.12 Equilon
12.13 Indian Oil Corporation Ltd.
12.14 BASF SE

List of Tables
1 Global Automotive Lubricants Market Outlook, By Region (2020-2028) ($MN)
2 Global Automotive Lubricants Market Outlook, By Product Type (2020-2028) ($MN)
3 Global Automotive Lubricants Market Outlook, By Engine Oil (2020-2028) ($MN)
4 Global Automotive Lubricants Market Outlook, By Gear Oil (2020-2028) ($MN)
5 Global Automotive Lubricants Market Outlook, By Transmission Fluids (2020-2028) ($MN)
6 Global Automotive Lubricants Market Outlook, By Coolants (2020-2028) ($MN)
7 Global Automotive Lubricants Market Outlook, By Brake Fluid & Greases (2020-2028) ($MN)
8 Global Automotive Lubricants Market Outlook, By Other Product Types (2020-2028) ($MN)
9 Global Automotive Lubricants Market Outlook, By Type (2020-2028) ($MN)
10 Global Automotive Lubricants Market Outlook, By Semi-Synthetic Lubricants (2020-2028) ($MN)
11 Global Automotive Lubricants Market Outlook, By Synthetic Lubricants (2020-2028) ($MN)
12 Global Automotive Lubricants Market Outlook, By Conventional Lubricants (2020-2028) ($MN)
13 Global Automotive Lubricants Market Outlook, By Mineral Oil Lubricants (2020-2028) ($MN)
14 Global Automotive Lubricants Market Outlook, By Bio-Based Lubricants (2020-2028) ($MN)
15 Global Automotive Lubricants Market Outlook, By Other Types (2020-2028) ($MN)
16 Global Automotive Lubricants Market Outlook, By Vehicle Type (2020-2028) ($MN)
17 Global Automotive Lubricants Market Outlook, By Passenger Cars (2020-2028) ($MN)
18 Global Automotive Lubricants Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
19 Global Automotive Lubricants Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
20 Global Automotive Lubricants Market Outlook, By Other Vehicle Types (2020-2028) ($MN)
21 Global Automotive Lubricants Market Outlook, By Sales Channel (2020-2028) ($MN)
22 Global Automotive Lubricants Market Outlook, By Aftermarket (2020-2028) ($MN)
23 Global Automotive Lubricants Market Outlook, By Original Equipment Manufacturers (OEMs) (2020-2028) ($MN)
24 Global Automotive Lubricants Market Outlook, By Application (2020-2028) ($MN)
25 Global Automotive Lubricants Market Outlook, By Transportation (2020-2028) ($MN)
26 Global Automotive Lubricants Market Outlook, By Industrial Machinery & Equipment (2020-2028) ($MN)
27 Global Automotive Lubricants Market Outlook, By Other Applications (2020-2028) ($MN)
28 North America Automotive Lubricants Market Outlook, By Country (2020-2028) ($MN)
29 North America Automotive Lubricants Market Outlook, By Product Type (2020-2028) ($MN)
30 North America Automotive Lubricants Market Outlook, By Engine Oil (2020-2028) ($MN)
31 North America Automotive Lubricants Market Outlook, By Gear Oil (2020-2028) ($MN)
32 North America Automotive Lubricants Market Outlook, By Transmission Fluids (2020-2028) ($MN)
33 North America Automotive Lubricants Market Outlook, By Coolants (2020-2028) ($MN)
34 North America Automotive Lubricants Market Outlook, By Brake Fluid & Greases (2020-2028) ($MN)
35 North America Automotive Lubricants Market Outlook, By Other Product Types (2020-2028) ($MN)
36 North America Automotive Lubricants Market Outlook, By Type (2020-2028) ($MN)
37 North America Automotive Lubricants Market Outlook, By Semi-Synthetic Lubricants (2020-2028) ($MN)
38 North America Automotive Lubricants Market Outlook, By Synthetic Lubricants (2020-2028) ($MN)
39 North America Automotive Lubricants Market Outlook, By Conventional Lubricants (2020-2028) ($MN)
40 North America Automotive Lubricants Market Outlook, By Mineral Oil Lubricants (2020-2028) ($MN)
41 North America Automotive Lubricants Market Outlook, By Bio-Based Lubricants (2020-2028) ($MN)
42 North America Automotive Lubricants Market Outlook, By Other Types (2020-2028) ($MN)
43 North America Automotive Lubricants Market Outlook, By Vehicle Type (2020-2028) ($MN)
44 North America Automotive Lubricants Market Outlook, By Passenger Cars (2020-2028) ($MN)
45 North America Automotive Lubricants Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
46 North America Automotive Lubricants Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
47 North America Automotive Lubricants Market Outlook, By Other Vehicle Types (2020-2028) ($MN)
48 North America Automotive Lubricants Market Outlook, By Sales Channel (2020-2028) ($MN)
49 North America Automotive Lubricants Market Outlook, By Aftermarket (2020-2028) ($MN)
50 North America Automotive Lubricants Market Outlook, By Original Equipment Manufacturers (OEMs) (2020-2028) ($MN)
51 North America Automotive Lubricants Market Outlook, By Application (2020-2028) ($MN)
52 North America Automotive Lubricants Market Outlook, By Transportation (2020-2028) ($MN)
53 North America Automotive Lubricants Market Outlook, By Industrial Machinery & Equipment (2020-2028) ($MN)
54 North America Automotive Lubricants Market Outlook, By Other Applications (2020-2028) ($MN)
55 Europe Automotive Lubricants Market Outlook, By Country (2020-2028) ($MN)
56 Europe Automotive Lubricants Market Outlook, By Product Type (2020-2028) ($MN)
57 Europe Automotive Lubricants Market Outlook, By Engine Oil (2020-2028) ($MN)
58 Europe Automotive Lubricants Market Outlook, By Gear Oil (2020-2028) ($MN)
59 Europe Automotive Lubricants Market Outlook, By Transmission Fluids (2020-2028) ($MN)
60 Europe Automotive Lubricants Market Outlook, By Coolants (2020-2028) ($MN)
61 Europe Automotive Lubricants Market Outlook, By Brake Fluid & Greases (2020-2028) ($MN)
62 Europe Automotive Lubricants Market Outlook, By Other Product Types (2020-2028) ($MN)
63 Europe Automotive Lubricants Market Outlook, By Type (2020-2028) ($MN)
64 Europe Automotive Lubricants Market Outlook, By Semi-Synthetic Lubricants (2020-2028) ($MN)
65 Europe Automotive Lubricants Market Outlook, By Synthetic Lubricants (2020-2028) ($MN)
66 Europe Automotive Lubricants Market Outlook, By Conventional Lubricants (2020-2028) ($MN)
67 Europe Automotive Lubricants Market Outlook, By Mineral Oil Lubricants (2020-2028) ($MN)
68 Europe Automotive Lubricants Market Outlook, By Bio-Based Lubricants (2020-2028) ($MN)
69 Europe Automotive Lubricants Market Outlook, By Other Types (2020-2028) ($MN)
70 Europe Automotive Lubricants Market Outlook, By Vehicle Type (2020-2028) ($MN)
71 Europe Automotive Lubricants Market Outlook, By Passenger Cars (2020-2028) ($MN)
72 Europe Automotive Lubricants Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
73 Europe Automotive Lubricants Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
74 Europe Automotive Lubricants Market Outlook, By Other Vehicle Types (2020-2028) ($MN)
75 Europe Automotive Lubricants Market Outlook, By Sales Channel (2020-2028) ($MN)
76 Europe Automotive Lubricants Market Outlook, By Aftermarket (2020-2028) ($MN)
77 Europe Automotive Lubricants Market Outlook, By Original Equipment Manufacturers (OEMs) (2020-2028) ($MN)
78 Europe Automotive Lubricants Market Outlook, By Application (2020-2028) ($MN)
79 Europe Automotive Lubricants Market Outlook, By Transportation (2020-2028) ($MN)
80 Europe Automotive Lubricants Market Outlook, By Industrial Machinery & Equipment (2020-2028) ($MN)
81 Europe Automotive Lubricants Market Outlook, By Other Applications (2020-2028) ($MN)
82 Asia Pacific Automotive Lubricants Market Outlook, By Country (2020-2028) ($MN)
83 Asia Pacific Automotive Lubricants Market Outlook, By Product Type (2020-2028) ($MN)
84 Asia Pacific Automotive Lubricants Market Outlook, By Engine Oil (2020-2028) ($MN)
85 Asia Pacific Automotive Lubricants Market Outlook, By Gear Oil (2020-2028) ($MN)
86 Asia Pacific Automotive Lubricants Market Outlook, By Transmission Fluids (2020-2028) ($MN)
87 Asia Pacific Automotive Lubricants Market Outlook, By Coolants (2020-2028) ($MN)
88 Asia Pacific Automotive Lubricants Market Outlook, By Brake Fluid & Greases (2020-2028) ($MN)
89 Asia Pacific Automotive Lubricants Market Outlook, By Other Product Types (2020-2028) ($MN)
90 Asia Pacific Automotive Lubricants Market Outlook, By Type (2020-2028) ($MN)
91 Asia Pacific Automotive Lubricants Market Outlook, By Semi-Synthetic Lubricants (2020-2028) ($MN)
92 Asia Pacific Automotive Lubricants Market Outlook, By Synthetic Lubricants (2020-2028) ($MN)
93 Asia Pacific Automotive Lubricants Market Outlook, By Conventional Lubricants (2020-2028) ($MN)
94 Asia Pacific Automotive Lubricants Market Outlook, By Mineral Oil Lubricants (2020-2028) ($MN)
95 Asia Pacific Automotive Lubricants Market Outlook, By Bio-Based Lubricants (2020-2028) ($MN)
96 Asia Pacific Automotive Lubricants Market Outlook, By Other Types (2020-2028) ($MN)
97 Asia Pacific Automotive Lubricants Market Outlook, By Vehicle Type (2020-2028) ($MN)
98 Asia Pacific Automotive Lubricants Market Outlook, By Passenger Cars (2020-2028) ($MN)
99 Asia Pacific Automotive Lubricants Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
100 Asia Pacific Automotive Lubricants Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
101 Asia Pacific Automotive Lubricants Market Outlook, By Other Vehicle Types (2020-2028) ($MN)
102 Asia Pacific Automotive Lubricants Market Outlook, By Sales Channel (2020-2028) ($MN)
103 Asia Pacific Automotive Lubricants Market Outlook, By Aftermarket (2020-2028) ($MN)
104 Asia Pacific Automotive Lubricants Market Outlook, By Original Equipment Manufacturers (OEMs) (2020-2028) ($MN)
105 Asia Pacific Automotive Lubricants Market Outlook, By Application (2020-2028) ($MN)
106 Asia Pacific Automotive Lubricants Market Outlook, By Transportation (2020-2028) ($MN)
107 Asia Pacific Automotive Lubricants Market Outlook, By Industrial Machinery & Equipment (2020-2028) ($MN)
108 Asia Pacific Automotive Lubricants Market Outlook, By Other Applications (2020-2028) ($MN)
109 South America Automotive Lubricants Market Outlook, By Country (2020-2028) ($MN)
110 South America Automotive Lubricants Market Outlook, By Product Type (2020-2028) ($MN)
111 South America Automotive Lubricants Market Outlook, By Engine Oil (2020-2028) ($MN)
112 South America Automotive Lubricants Market Outlook, By Gear Oil (2020-2028) ($MN)
113 South America Automotive Lubricants Market Outlook, By Transmission Fluids (2020-2028) ($MN)
114 South America Automotive Lubricants Market Outlook, By Coolants (2020-2028) ($MN)
115 South America Automotive Lubricants Market Outlook, By Brake Fluid & Greases (2020-2028) ($MN)
116 South America Automotive Lubricants Market Outlook, By Other Product Types (2020-2028) ($MN)
117 South America Automotive Lubricants Market Outlook, By Type (2020-2028) ($MN)
118 South America Automotive Lubricants Market Outlook, By Semi-Synthetic Lubricants (2020-2028) ($MN)
119 South America Automotive Lubricants Market Outlook, By Synthetic Lubricants (2020-2028) ($MN)
120 South America Automotive Lubricants Market Outlook, By Conventional Lubricants (2020-2028) ($MN)
121 South America Automotive Lubricants Market Outlook, By Mineral Oil Lubricants (2020-2028) ($MN)
122 South America Automotive Lubricants Market Outlook, By Bio-Based Lubricants (2020-2028) ($MN)
123 South America Automotive Lubricants Market Outlook, By Other Types (2020-2028) ($MN)
124 South America Automotive Lubricants Market Outlook, By Vehicle Type (2020-2028) ($MN)
125 South America Automotive Lubricants Market Outlook, By Passenger Cars (2020-2028) ($MN)
126 South America Automotive Lubricants Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
127 South America Automotive Lubricants Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
128 South America Automotive Lubricants Market Outlook, By Other Vehicle Types (2020-2028) ($MN)
129 South America Automotive Lubricants Market Outlook, By Sales Channel (2020-2028) ($MN)
130 South America Automotive Lubricants Market Outlook, By Aftermarket (2020-2028) ($MN)
131 South America Automotive Lubricants Market Outlook, By Original Equipment Manufacturers (OEMs) (2020-2028) ($MN)
132 South America Automotive Lubricants Market Outlook, By Application (2020-2028) ($MN)
133 South America Automotive Lubricants Market Outlook, By Transportation (2020-2028) ($MN)
134 South America Automotive Lubricants Market Outlook, By Industrial Machinery & Equipment (2020-2028) ($MN)
135 South America Automotive Lubricants Market Outlook, By Other Applications (2020-2028) ($MN)
136 Middle East & Africa Automotive Lubricants Market Outlook, By Country (2020-2028) ($MN)
137 Middle East & Africa Automotive Lubricants Market Outlook, By Product Type (2020-2028) ($MN)
138 Middle East & Africa Automotive Lubricants Market Outlook, By Engine Oil (2020-2028) ($MN)
139 Middle East & Africa Automotive Lubricants Market Outlook, By Gear Oil (2020-2028) ($MN)
140 Middle East & Africa Automotive Lubricants Market Outlook, By Transmission Fluids (2020-2028) ($MN)
141 Middle East & Africa Automotive Lubricants Market Outlook, By Coolants (2020-2028) ($MN)
142 Middle East & Africa Automotive Lubricants Market Outlook, By Brake Fluid & Greases (2020-2028) ($MN)
143 Middle East & Africa Automotive Lubricants Market Outlook, By Other Product Types (2020-2028) ($MN)
144 Middle East & Africa Automotive Lubricants Market Outlook, By Type (2020-2028) ($MN)
145 Middle East & Africa Automotive Lubricants Market Outlook, By Semi-Synthetic Lubricants (2020-2028) ($MN)
146 Middle East & Africa Automotive Lubricants Market Outlook, By Synthetic Lubricants (2020-2028) ($MN)
147 Middle East & Africa Automotive Lubricants Market Outlook, By Conventional Lubricants (2020-2028) ($MN)
148 Middle East & Africa Automotive Lubricants Market Outlook, By Mineral Oil Lubricants (2020-2028) ($MN)
149 Middle East & Africa Automotive Lubricants Market Outlook, By Bio-Based Lubricants (2020-2028) ($MN)
150 Middle East & Africa Automotive Lubricants Market Outlook, By Other Types (2020-2028) ($MN)
151 Middle East & Africa Automotive Lubricants Market Outlook, By Vehicle Type (2020-2028) ($MN)
152 Middle East & Africa Automotive Lubricants Market Outlook, By Passenger Cars (2020-2028) ($MN)
153 Middle East & Africa Automotive Lubricants Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
154 Middle East & Africa Automotive Lubricants Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
155 Middle East & Africa Automotive Lubricants Market Outlook, By Other Vehicle Types (2020-2028) ($MN)
156 Middle East & Africa Automotive Lubricants Market Outlook, By Sales Channel (2020-2028) ($MN)
157 Middle East & Africa Automotive Lubricants Market Outlook, By Aftermarket (2020-2028) ($MN)
158 Middle East & Africa Automotive Lubricants Market Outlook, By Original Equipment Manufacturers (OEMs) (2020-2028) ($MN)
159 Middle East & Africa Automotive Lubricants Market Outlook, By Application (2020-2028) ($MN)
160 Middle East & Africa Automotive Lubricants Market Outlook, By Transportation (2020-2028) ($MN)
161 Middle East & Africa Automotive Lubricants Market Outlook, By Industrial Machinery & Equipment (2020-2028) ($MN)
162 Middle East & Africa Automotive Lubricants Market Outlook, By Other Applications (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

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Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

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