Product Code: GVR-3-68038-008-8
Automotive Engine Oil Market Growth & Trends:
The global automotive engine oil market is estimated to reach USD 47.70 billion by 2030 according to a new report by Grand View Research, Inc. Growth can be attributed to the emerging need for high-performance engine oils due to tactical vehicle mechanisms and operational blueprints being implemented by multinational automobile manufacturers. Additives are used to improve the properties and performance of the oil. Additives are characterized by their functions such as viscosity improvers, friction reducers, anti-oxidants, rust & corrosion inhibitors, anti-foaming agents, pour point depressants, foreign particle depressants, and extreme pressure additives, anti-wear additives, and acid neutralizers. Additives are selected according to the engine design and performance level. Engine manufacturers define the suitable API gravity of oil to be used for better performance and less wear & tear.
Manufacturing of the product requires low technical complexity but high initial infrastructure investment. High growth in automobile users globally has resulted in a significant demand over the past few years and this trend is expected to continue during the forecast period. These factors have resulted in the establishment of numerous manufacturers in the recent past. The Asia Pacific is expected to register significant growth in the coming years owing to the increasing automotive production in the countries like China, India, and Japan and the rising disposable income of the consumers in the region. According to the International Trade Administration, China is one of the largest vehicle markets in terms of manufacturing and sales. This is likely to drive the demand for the product in the coming years. Legislative initiatives taken by the political parties across North America and parts of Western Europe affect the overall transportation industry, energy, and power sector, and more, which directly hinders the smooth operations of the automotive industry in these regions.
Automotive Engine Oil Market Report Highlights:
- In 2021, fully synthetic emerged as the dominating grade segment by contributing more than 30% of revenue share. This is attributed to the better mileage and increased engine protection
- Diesel was the largest segment and is anticipated to register a CAGR of 3.1% by 2030, due to its higher reliability and lower maintenance cost.
- As of 2021, Asia Pacific was the dominating regional market owing to the growing population and rising industrial development which involves higher usage of heavy-duty trucks
- Heavy-duty vehicles segment is expected to expand with the highest CAGR both in terms of volume and revenue, as these vehicles need to handle a larger load as compared to the other vehicles
Table of Contents
Chapter 1 Methodology And Scope
- 1.1 Research Methodology
- 1.2 Research Scope And Assumptions
- 1.3 List Of Data Sources
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends, And Scope
- 3.1 Business Segment Trends
- 3.1.1 Oil Grade Segment Analysis
- 3.1.2 Engine Type Segment Analysis
- 3.1.3 Application Segment Analysis
- 3.2 Penetration And Growth Prospect Mapping, 2018-2030
- 3.3 Value Chain Analysis
- 3.3.1 Distribution Channels
- 3.3.2 Raw Material Analysis
- 3.3.2.1 Base Oil
- 3.3.2.2 Additives
- 3.4 Regulatory Framework
- 3.4.1 U.S.
- 3.4.2 Europe
- 3.4.3 Asia Pacific
- 3.4.4 Other Regions
- 3.5 Technology Overview
- 3.5.1 Manufacturing Processes
- 3.5.2 Recent Innovations
- 3.6 Market Dynamics
- 3.7 Market Drivers
- 3.7.1 Market Drivers Analysis
- 3.7.1.1 Increasing Demand And Manufacturing of Vehicles
- 3.7.1.2 Increased Life Cycle of Engine Oil
- 3.8 Market Restraints
- 3.8.1.1 Volatility In Crude Oil Prices
- 3.8.1.2 Increasing Use Of Electric Vehicles
- 3.9 Porter's Analysis
- 3.10 Macro-Environmental Analysis
Chapter 4 Automotive Engine Oil Grade Outlook
- 4.1 Grade Market Introduction
- 4.2 Mineral
- 4.2.1. Automotive Engine Oil Market Estimates & Forecasts, By Mineral Grade, 2018 - 2030 (Kilotons) (USD Million)
- 4.3 Semi-Synthetic
- 4.3.1. Automotive Engine Oil Market Estimates & Forecasts, By Semi-Synthetic Grade, 2018 - 2030 (Kilotons) (USD Million)
- 4.4 Fully-Synthetic
- 4.4.1. Automotive Engine Oil Market Estimates & Forecasts, By Fully-Synthetic Grade, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5 Automotive Engine Oil Engine Type Outlook
- 5.1 Engine Type Market Introduction
- 5.2 Gasoline
- 5.2.1. Automotive Engine Oil Market Estimates & Forecasts, By Gasoline, 2018 - 2030 (Kilotons) (USD Million)
- 5.3 Diesel
- 5.3.1. Automotive Engine Oil Market Estimates & Forecasts, By Diesel, 2018 - 2030 (Kilotons) (USD Million)
- 5.4 Alternative Fuel
- 5.4.1. Automotive Engine Oil Market Estimates & Forecasts, By Alternative Fuel, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6 Automotive Engine Oil Vehicle Type Outlook
- 6.1 Vehicle Type Market Introduction
- 6.2 Passenger Cars
- 6.2.1. Automotive Engine Oil Market Estimates & Forecasts, By Passenger Cars, 2018 - 2030 (Kilotons) (USD Million)
- 6.3 Light Commercial Vehicles
- 6.3.1. Automotive Engine Oil Market Estimates & Forecasts, By Light Commercial Vehicles, 2018 - 2030 (Kilotons) (USD Million)
- 6.4 Heavy-Duty Vehicles
- 6.4.1. Automotive Engine Oil Market Estimates & Forecasts, By Heavy-Duty Vehicles, 2018 - 2030 (Kilotons) (USD Million)
- 6.5 Motorcycles
- 6.5.1. Automotive Engine Oil Market Estimates & Forecasts, By Motorcycles, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7 Automotive Engine Oil Regional Outlook
- 7.1 Regional Market Introduction
- 7.2 North America
- 7.2.1 Market Volume & Revenue, By Grade
- 7.2.2 Market Volume & Revenue, By Engine Type
- 7.2.3 Market Volume & Revenue, By Vehicle Type
- 7.2.3.1 Heavy-Duty Vehicles
- 7.2.4 U.S.
- 7.2.4.1 Market Volume & Revenue, By Grade
- 7.2.4.2 Market Volume & Revenue, By Engine Type
- 7.2.4.3 Market Volume & Revenue, By Vehicle Type
- 7.2.4.3.1 Heavy-Duty Vehicles
- 7.2.4.4 Canada
- 7.2.4.5 Market Volume & Revenue, By Grade
- 7.2.4.6 Market Volume & Revenue, By Engine Type
- 7.2.4.7 Market Volume & Revenue, By Vehicle Type
- 7.2.4.7.1 Heavy-Duty Vehicles
- 7.3 Europe
- 7.3.1 Market Volume & Revenue, By Grade
- 7.3.2 Market Volume & Revenue, By Engine Type
- 7.3.3 Market Volume & Revenue, By Vehicle Type
- 7.3.3.1 Heavy-Duty Vehicles
- 7.3.3.2 Germany
- 7.3.3.3 Market Volume & Revenue, By Grade
- 7.3.3.4 Market Volume & Revenue, By Engine Type
- 7.3.3.5 Market Volume & Revenue, By Vehicle Type
- 7.3.3.5.1 Heavy-Duty Vehicles
- 7.3.3.6 France
- 7.3.3.7 Market Volume & Revenue, By Grade
- 7.3.3.8 Market Volume & Revenue, By Engine Type
- 7.3.3.9 Market Volume & Revenue, By Vehicle Type
- 7.3.3.9.1 Heavy-Duty Vehicles
- 7.3.3.10 U.K.
- 7.3.3.11 Market Volume & Revenue, By Grade
- 7.3.3.12 Market Volume & Revenue, By Engine Type
- 7.3.3.13 Market Volume & Revenue, By Vehicle Type
- 7.3.3.13.1 Heavy-Duty Vehicles
- 7.4 Asia Pacific
- 7.4.1 Market Volume & Revenue, By Grade
- 7.4.2 Market Volume & Revenue, By Engine Type
- 7.4.3 Market Volume & Revenue, By Vehicle Type
- 7.4.3.1 Heavy-Duty Vehicles
- 7.4.3.2 China
- 7.4.3.3 Market Volume & Revenue, By Grade
- 7.4.3.4 Market Volume & Revenue, By Engine Type
- 7.4.3.5 Market Volume & Revenue, By Vehicle Type
- 7.4.3.5.1 Heavy-Duty Vehicles
- 7.4.3.6 India
- 7.4.3.7 Market Volume & Revenue, By Grade
- 7.4.3.8 Market Volume & Revenue, By Engine Type
- 7.4.3.9 Market Volume & Revenue, By Vehicle Type
- 7.4.3.9.1 Heavy-Duty Vehicles
- 7.4.3.10 Japan
- 7.4.3.11 Market Volume & Revenue, By Grade
- 7.4.3.12 Market Volume & Revenue, By Engine Type
- 7.4.3.13 Market Volume & Revenue, By Vehicle Type
- 7.4.3.13.1 Heavy-Duty Vehicles
- 7.5 Latin America
- 7.5.1 Market Volume & Revenue, By Grade
- 7.5.2 Market Volume & Revenue, By Engine Type
- 7.5.3 Market Volume & Revenue, By Vehicle Type
- 7.5.3.1 Heavy-Duty Vehicles
- 7.5.3.2 Brazil
- 7.5.3.3 Market Volume & Revenue, By Grade
- 7.5.3.4 Market Volume & Revenue, By Engine Type
- 7.5.3.5 Market Volume & Revenue, By Vehicle Type
- 7.5.3.5.1 Heavy-Duty Vehicles
- 7.5.3.6 Mexico
- 7.5.3.7 Market Volume & Revenue, By Grade
- 7.5.3.8 Market Volume & Revenue, By Engine Type
- 7.5.3.9 Market Volume & Revenue, By Vehicle Type
- 7.5.3.9.1 Heavy-Duty Vehicles
- 7.6 Middle East & Africa
- 7.6.1 Market Volume & Revenue, By Grade
- 7.6.2 Market Volume & Revenue, By Engine Type
- 7.6.3 Market Volume & Revenue, By Vehicle Type
- 7.6.3.1 Heavy-Duty Vehicles
- 7.6.3.2 Saudi Arabia
- 7.6.3.3 Market Volume & Revenue, By Grade
- 7.6.3.4 Market Volume & Revenue, By Engine Type
- 7.6.3.5 Market Volume & Revenue, By Vehicle Type
- 7.6.3.5.1 Heavy-Duty Vehicles
Chapter 8 Competitive Landscape
- 8.1 Company Market Share Analysis, 2021
- 8.2 Company Heat-Map Analysis, 2021
- 8.3 Vendor Landscape
- 8.4 Competitive Environment
- 8.5 Strategic Benchmarks
- 8.6 Motorcycle Engine Oil Company Market Share In European Union (2021)
- 8.7 Motorcycle Engine Oil Company Brand Market Share In European Union (2021)
Chapter 9 Company Profiles
- 9.1 Valvoline
- 9.1.1 Company Introduction
- 9.1.2 General Information
- 9.1.3 Key Financial Data
- 9.1.4 Product Portfolio
- 9.1.5 Key Developments
- 9.2 Wurth Group
- 9.2.1 Company Introduction
- 9.2.2 General Information
- 9.2.3 Key Financial Data
- 9.2.4 Product Portfolio
- 9.2.5 Key Developments
- 9.3 Castrol
- 9.3.1 Company Introduction
- 9.3.2 General Information
- 9.3.3 Key Financial Data
- 9.3.4 Product Portfolio
- 9.3.5 Key Developments
- 9.4 ExxonMobil
- 9.4.1 Company Introduction
- 9.4.2 General Information
- 9.4.3 Key Financial Data
- 9.4.4 Product Portfolio
- 9.4.5 Key Developments
- 9.5 Total
- 9.5.1 Company Introduction
- 9.5.2 General Information
- 9.5.3 Key Financial Data
- 9.5.4 Product Portfolio
- 9.5.5 Key Developments
- 9.6 Eni GmbH
- 9.6.1 Company Introduction
- 9.6.2 General Information
- 9.6.3 Key Financial Data
- 9.6.4 Product Portfolio
- 9.6.5 Key Developments
- 9.7 Amsoil Inc.
- 9.7.1 Company Introduction
- 9.7.2 General Information
- 9.7.3 Key Financial Data
- 9.7.4 Product Portfolio
- 9.8 Petronas
- 9.8.1 Company Introduction
- 9.8.2 General Information
- 9.8.3 Key Financial Data
- 9.8.4 Product Portfolio
- 9.8.5 Key Developments
- 9.9 Fuchs Petrolub
- 9.9.1 Company Introduction
- 9.9.2 General Information
- 9.9.3 Key Financial Data
- 9.9.4 Product Portfolio
- 9.9.5 Key developments
- 9.10 Sinopec Lubricant Company
- 9.10.1 Company Introduction
- 9.10.2 General Information
- 9.10.3 Key Financial Data
- 9.10.4 Product Portfolio
- 9.10.5 Key Developments
- 9.11 Lotos
- 9.11.1 Company Introduction
- 9.11.2 General Information
- 9.11.3 Key Financial Data
- 9.11.4 Product Portfolio
- 9.11.5 Key Developments
- 9.12 Motul
- 9.12.1 Company Introduction
- 9.12.2 General Information
- 9.12.3 Key Financial Data
- 9.12.4 Product Portfolio