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Automotive Engine Oil Market Size, Share Global Analysis Report, 2020–2026
Automotive Engine Oil Market By Grade (Mineral, Semi-Synthetic, and Fully-Synthetic), Type (Gasoline, Diesel, and Alternative Fuel), and By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Duty Vehicles, and Motorcycles): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
[178+ Pages Report] According to the report published by Facts Factors, the global automotive engine oil market size was worth around USD 38.72 billion in 2019 and is predicted to grow to around USD 51.65 billion by 2026 with a compound annual growth rate (CAGR) of roughly 4.2% between 2020 and 2026. The report analyzes the global automotive engine oil market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the automotive engine oil market.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the automotive engine oil industry. The report analyzes and declares the historical and current trends analysis of the automotive engine oil industry and subsequently recommends the projected trends anticipated to be observed in the automotive engine oil market during the upcoming years.
The automotive engine oil market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire automotive engine oil market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- As per our primary respondents, the automotive engine oil market is set to grow annually at a rate of around 4.2%
- It was established through primary research that the automotive engine oil market was valued at around USD 38.72 billion in 2019
- The Asia Pacific held the largest market share of automotive engine oil in terms of revenue in 2019
- The “Gasoline” category, on the basis of type segmentation, was the leading revenue-generating category in 2019
- The “Passenger Cars” category, on the basis of vehicle type segmentation, was the leading revenue-generating category in 2019
Key Recommendations from Analysts
- As per our analysts, market vendors are increasingly adopting advanced fuel and lubricant technologies to develop superior quality engine oil for automotive applications.
- The growth rate of the automotive engine oil market is expected to decline during the forecast period owing to the rising preference of society for electric vehicles that do not contain engines
- The advances in engine oil technology are critical automotive engine oil market trends driving the growth of the market
- Synthetic oil performs smoothly at a high operating temperature, which is a major reason for OEMs to manufacture turbocharged vehicle engines
- Synthetic lubes provide excellent protection and better performance for a longer period of time than conventional products
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the automotive engine oil industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the automotive engine oil industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the automotive engine oil market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the automotive engine oil industry. The automotive engine oil market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the automotive engine oil sector. Key strategic developments in the automotive engine oil market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the automotive engine oil market are appropriately highlighted in the report.
The automotive engine oil market research report delivers an acute valuation and taxonomy of the automotive engine oil industry by practically splitting the market on the basis of different grades, types, vehicle types, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
Increasing demand for fully-synthetic automotive engine oil is anticipated to be one of the driving factors of the automotive engine oil market. Fully-synthetic engine oil is very efficient in reducing sludge content and in reducing the carbon content in the engines and provides efficient protection against wear and tear by reducing friction between moving parts of the engine.
The regional segmentation of the automotive engine oil industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the automotive engine oil industry is provided for the leading economies of the world.
The automotive engine oil market is segmented based on grade, type, and vehicle type. On the basis of grade segmentation, the market is classified into mineral, semi-synthetic, and fully-synthetic. On the basis of type segmentation, the market is classified into gasoline, diesel, and alternative fuel. In terms of vehicle type segmentation, the market is bifurcated into passenger cars, light commercial vehicles, heavy duty vehicles, and motorcycles.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 38.72 billion |
Projected Market Size in 2026 |
USD 51.65 billion |
CAGR Growth Rate |
4.2% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Wurth Group, ExxonMobil, Eni Gmbh, Petronas, Sinopec Lubricant Company, Motul, Valvoline, Castrol, Total, Amsoil Inc., Fuchs Petrolub, Lotos, China Petroleum & Chemical Corp., and Others. |
Key Segment |
By Grade, By Type, By Vehicle, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
- Wurth Group
- ExxonMobil
- Eni Gmbh
- Petronas
- Sinopec Lubricant Company
- Motul
- Valvoline
- Castrol
- Total
- Amsoil Inc.
- Fuchs Petrolub
- Lotos
- China Petroleum & Chemical Corp.
The taxonomy of the automotive engine oil industry by its scope and segmentation is as follows:
By Grade Segmentation Analysis
- Mineral
- Semi-Synthetic
- Fully-Synthetic
By Type Segmentation Analysis
- Gasoline
- Diesel
- Alternative Fuel
By Vehicle Type Segmentation Analysis
- Passenger Cars
- Light Commercial Vehicles
- Heavy Duty Vehicles
- Motorcycles
By Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- Wurth Group
- ExxonMobil
- Eni Gmbh
- Petronas
- Sinopec Lubricant Company
- Motul
- Valvoline
- Castrol
- Total
- Amsoil Inc.
- Fuchs Petrolub
- Lotos
- China Petroleum & Chemical Corp.
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