Automotive Engine Oil Market Growth, Size, Trends, Demand, Revenue and Future Opportunities 2033
Global Automotive Engine Oil Market Size- By Type, By Sales Channel, By Engine Type, By Vehicle Type, By Grade- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2022 | Report ID: AMIN2202 | Pages: 1 - 256 | Formats*: |
| Category : Automotive & Transportation | |||
Automotive Engine Oil Market Introduction and Overview
According to SPER Market Research, the Global Automotive Engine Oil Market is estimated to reach USD 56.50 billion by 2033 with a CAGR of 3.09%.
The report includes an in-depth analysis of the Global Automotive Engine Oil Market, including market size and trends, product mix, applications, and supplier analysis.Crude oil is converted into automotive engine oils through a laborious refining process. In addition, a few procedures called refining, synthesis, distillation, and cracking are used to create a variety of basic oils that are then used to make engine oils. These compounds are intended for use with passenger cars, outboard motors, tractors, marine engines, light, medium, and heavy commercial vehicles, and commercial automobiles. In addition, car engine oil keeps moving automotive components apart and lubricates the mechanical parts of the engine, extending the life of the engine and vehicle motors while also minimizing wear and tear.
- October 2022: The new engine oil Valvoline All Fleet Turbo Plus (Haulage Expert), from Valvoline Cummins Private Limited, is designed for heavy-duty high-HP tractor use on the road and other related agricultural applications. Through innovation, the company has expanded the range of products it offers.
- September 2022: Chevron said that its expansion project at its Singapore Manufacturing Plant (SMP) was completed. Most of the parts used in additive packages are made by the firm.
- March 2021: By introducing the new Shell Helix Ultra Hybrid oil for Maserati hybrid engines, which offers excellent protection and long-lasting performance, Shell and Maserati expanded their technological and commercial relationship.
Market Opportunities and Challenges
The market for automobile oil is primarily impacted by the growing demand for conventional oil because it is less expensive than contemporary lubricants. Synthetic automotive lubricants are very popular because of their excellent performance and durable protection.
Important Factors Increasing Automotive Oil Sales: Vehicle production, including medium, light, and heavy vehicles as well as passenger cars, is driving up automotive oil sales. The need for energy-efficient lubricants is rising, which is helping the automobile oil business generate more income. booming government and private sector investment. The high expenses of producing and constructing automobile engines, along with the availability of inexpensive engine oil alternatives, are obstacles that the automotive engine oil market must overcome and are predicted to impede its expansion. Moreover, the growing societal inclination towards electric vehicles, which do not depend on conventional engines, presents a significant obstacle to the industry during the projected time.
Market Competitive Landscape
The automobile engine oil market is characterized by a concentrated competitive environment, wherein the top 10 firms hold a majority of the global market revenue. Major market participants have committed significant resources to the creation and research of many motor oil products. The market leaders' growth strategies include a diverse product range, enhanced operational efficiency, and innovative and safe technology development for engine oil application. Castrol, Chevron Corporation, ExxonMobil Corporation, Fuchs Petrolub SE, HINDUJA GROUP, Pentagon Lubricants Private Limited, RelaDyne, Royal Dutch Shell plc, Total S.A., Valvoline, Inc. are some of the major companies involved in the global automotive engine oil market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Sales Channel, By Engine Type, By Vehicle Type, By Grade. |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Castrol, Chevron Corporation, ExxonMobil Corporation, Fuchs Petrolub SE, HINDUJA GROUP, Pentagon Lubricants Private Limited, RelaDyne, Royal Dutch Shell plc, Total S.A., Valvoline, Inc. |
COVID-19 Impact on Global Automotive Engine Oil Market
The COVID-19 pandemic caused a significant disruption to the worldwide automotive supply chain, as motor vehicle production and sales abruptly stopped in most areas. Global auto manufacturing output was negatively impacted by these work stoppages. Due to its application in enhancing engine efficiency and lowering emissions, the automotive sector directly impacts the market for engine oil. On the other hand, following the relaxation of restrictions in the second half of 2021, the market is anticipated to develop steadily due to increasing automobile activity and a subsequent market recovery.
Key Target Audience:
- Lubricant Manufacturers and Suppliers
- Oil and Gas Companies,
- Investors and Financial Analyst.
Our in-depth analysis of the Automotive Engine Oil Market includes the following segments:
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| By Sales Channel: |
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| By Engine Type: |
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| By Vehicle Type: |
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| By Grade: |
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Key Topics Covered in the Report:
- Global Automotive Engine Oil Market Size (FY’2023-FY’2033)
- Overview of Global Automotive Engine Oil Market.
- Segmentation of Global Automotive Engine Oil Market By Type (Conventional Engine Oil, High-Mileage Engine Oil, Synthetic Blend Oil, Synthetic Engine Oil).
- Segmentation of Global Automotive Engine Oil Market By Sales Channel (Aftermarket, OEM).
- Segmentation of Global Automotive Engine Oil Market By Engine Type (Alternative Fuel, Diesel, Gasoline).
- Segmentation of Global Automotive Engine Oil Market By Vehicle Type (LCVs, Motorcycles, Passenger Cars).
- Segmentation of Global Automotive Engine Oil Market By Grade (Mineral, Semi-Synthetic, Synthetic).
- Statistical Snap of Global Automotive Engine Oil Market
- Expansion Analysis of Global Automotive Engine Oil Market
- Problems and Obstacles in Global Automotive Engine Oil Market
- Competitive Landscape in the Global Automotive Engine Oil Market
- Impact of COVID-19 and Demonetization on Global Automotive Engine Oil Market
- Details on Current Investment in Global Automotive Engine Oil Market
- Competitive Analysis of Global Automotive Engine Oil Market
- Prominent Players in the Global Automotive Engine Oil Market
- SWOT Analysis of Global Automotive Engine Oil Market
- Global Automotive Engine Oil Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts on the Global Automotive Engine Oil Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Automotive Engine Oil Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Engine Oil Market
7. Global Automotive Engine Oil Market, By Type (USD Million)
7.1. Global Automotive Engine Oil Market Value Share and Forecast, By Type, 2023-20337.2. Conventional Engine Oil7.3. High-Mileage Engine Oil7.4. Synthetic Blend Oil
7.5. Synthetic Engine Oil
8. Global Automotive Engine Oil Market, By Sales Channel (USD Million)
8.1. Global Automotive Engine Oil Market Value Share and Forecast, By Sales Channel, 2023-20338.2. Aftermarket8.3. OEM
9. Global Automotive Engine Oil Market, By Engine Type (USD Million)
9.1. Global Automotive Engine Oil Market Value Share and Forecast, By Engine Type, 2023-20339.2. Alternative Fuel9.3. Diesel9.4. Gasoline
10. Global Automotive Engine Oil Market, By Vehicle Type (USD Million)
10.1. Global Automotive Engine Oil Market Value Share and Forecast, By Vehicle Type, 2023-203310.2. LCVs10.3. Motorcycles10.4. Passenger Cars
11. Global Automotive Engine Oil Market, By Grade (USD Million)
11.1. Global Automotive Engine Oil Market Value Share and Forecast, By Grade, 2023-203311.2. Mineral11.3. Semi-Synthetic11.4. Synthetic
12. Global Automotive Engine Oil Market Forecast, 2019-2033 (USD Million)
12.1. Global Automotive Engine Oil Market Size and Market Share
13. Global Automotive Engine Oil Market, By Type 2019-2033 (USD Million)
13.1. Global Automotive Engine Oil Market Size and Market Share by Type (2019-2026)13.2. Global Automotive Engine Oil Market Size and Market Share by Type (2027-2033)
14. Global Automotive Engine Oil Market, By Sales Channel, 2019-2033 (USD Million)
14.1. Global Automotive Engine Oil Market Size and Market Share by Sales Channel (2019-2026)14.2. Global Automotive Engine Oil Market Size and Market Share by Sales Channel (2027-2033)
15. Global Automotive Engine Oil Market, By Engine Type, 2019-2033 (USD Million)
15.1. Global Automotive Engine Oil Market Size and Market Share by Engine Type (2019-2026)15.2. Global Automotive Engine Oil Market Size and Market Share by Engine Type (2027-2033)
16. Global Automotive Engine Oil Market, By Vehicle Type, 2019-2033 (USD Million)
16.1. Global Automotive Engine Oil Market Size and Market Share by Vehicle Type (2019-2026)16.2. Global Automotive Engine Oil Market Size and Market Share by Vehicle Type (2027-2033)
17. Global Automotive Engine Oil Market, By Grade, 2019-2033 (USD Million)
17.1. Global Automotive Engine Oil Market Size and Market Share by Grade (2019-2026)17.2. Global Automotive Engine Oil Market Size and Market Share by Grade (2027-2033)
18. Global Automotive Engine Oil Market, By Region, 2019-2033 (USD Million)
18.2. Global Automotive Engine Oil Market Size and Market Share by Region (2027-2033)18.1. Global Automotive Engine Oil Market Size and Market Share by Region (2019-2026)
18.3. Asia-Pacific18.3.1. Australia18.3.2. China18.3.3. India18.3.4. Japan18.3.5. South Korea18.3.6. Rest of Asia-Pacific18.4. Europe18.4.1. France18.4.2. Germany18.4.3. Italy18.4.4. Spain18.4.5. United Kingdom18.4.6. Rest of Europe18.5. Middle East and Africa18.5.1. Kingdom of Saudi Arabia18.5.2. United Arab Emirates18.5.3. Rest of Middle East & Africa18.6. North America18.6.1. Canada18.6.2. Mexico18.6.3. United States18.7. Latin America18.7.1. Argentina18.7.2. Brazil18.7.3. Rest of Latin America
19. Company Profile
19.1. Castrol19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments19.2. Chevron Corporation19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments19.3. ExxonMobil Corporation19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments19.4. Fuchs Petrolub SE19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments19.5. HINDUJA GROUP19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments19.6. Pentagon Lubricants Private Limited19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments19.7. RelaDyne19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments19.8. Royal Dutch Shell plc19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments19.9. Total S.A.19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments19.10. Valvoline, Inc19.10.1. Company details19.10.2. Financial outlook19.10.3. Product summary19.10.4. Recent developments19.11. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
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The Engine Oil Market size is USD 56.50 billion from 2022 to 2030.
The Engine Oil Market segment is Covered By Sale Channel, By Type, By Engine Type, By Vehicle Type, By Oil Type, By End User.
The North America region is anticipated to have the highest market share in the Engine Oil Market.
The key players in the market include Bharat Petroleum Corp. Limited, Castrol Ltd., Chevron Corp., China Petrochemical Corp., Eni S.P.A, Exxon Mobil Corp., FUCHS PETROLUB SE, Gazpromneft - Lubricants Ltd., GS Caltex Corp., Gulf Oil International Ltd., Hindustan Petroleum Corp. Ltd., Idemitsu Kosan Co., Ltd., Indian Oil Corp. Ltd., Kuwait Dana Lubes Company, Liqui Moly, MOTUL SA, Pennzoil, Petro Canada Lubricants Inc., Petroleum Nasional Berhad, Phillips 66, Ravensberger Schmierstoffvertrieb GmbH, Repsol, Royal Dutch Shell PLC, Shell PLC, SINOPEC, Total Energies, Valvoline Inc.
The market has been boosted by increased demand for passenger cars, commercial vehicles, and the fast-growing transportation sector in developing countries.
The Engine Oil Market is projected to reach USD 56.50 billion by 2030, growing at a CAGR of 3.09% during the forecast period.
The Engine Oil Market grew in market size from 2021. The Market is expected to reach USD 56.50 billion by 2030, at a CAGR of 3.09% during the forecast period.
The Engine Oil Market CAGR of 3.09% during the forecast period.
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