Japan Automotive Engine Oils Market Growth, Size, Trends, Share, Revenue and future Outlook
Japan Automotive Engine Oils Market Size– By Grade, By Engine Type, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Aug-2024 | Report ID: AMIN24182 | Pages: 1 - 108 | Formats*: |
| Category : Automotive & Transportation | |||
Japan Automotive Engine Oils Market Introduction and Overview
According to SPER Market Research, the Japan Automotive Engine Oils Market is estimated to reach USD XX Million by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Japan Automotive Engine Oils Market, encompassing product mix, applications, supplier analysis, market size and trends. Automotive engine oils are necessary for lubrication, cooling, and protection in internal combustion engines. These oils are specifically designed to meet the severe requirements of modern engines, which operate at high temperatures and pressures. Engine oils serve a variety of objectives, including decreasing friction between moving parts, preventing corrosion, and cleaning impurities from the engine. They also aid to maintain a steady temperature within the engine by distributing the heat. Furthermore, engine oils come in a variety of formulations and viscosities to suit the needs of a wide range of vehicles, from compact cars to heavy-duty trucks.
- January 2022: Effective April 1, ExxonMobil Corporation was divided into three business lines: ExxonMobil Upstream Company, ExxonMobil Product Solutions, and ExxonMobil Low Carbon Solutions.
- April 2021: Motul introduced two engine oils for antique cars built between the 1970s and 2000s: antique EIGHTIES 10W-40 and CLASSIC NINETIES 10W-30.
- March 2021: Motul engineers collaborate with Honda's HRC factory racing team's engine development department on several initiatives, including the production of high-tech synthetic lubricants, at the company's R&D centre in Japan.
Market Opportunities and Challenges
Opportunities- The Japanese automotive engine oil industry offers numerous opportunities for expansion, particularly in the areas of synthetic and bio-based engine oils. As environmental concerns gain traction, there is a greater demand for eco-friendly and sustainable products. Synthetic engine oils, which provide better performance and longer service life than conventional lubricants, are ideally positioned to meet this need. These lubricants offer superior protection under harsh situations, improve fuel efficiency, and lower emissions, making them perfect for modern engines and ecologically sensitive users. Bio-based engine oils, which are made from renewable resources, provide another attractive growth possibility. These oils are biodegradable and have a lesser environmental impact than standard petroleum-based oils. Bio-based engine oils are projected to gain traction in the Japanese market as consumers become more aware of environmental sustainability and the demand for greener products.
Challenges- The Japan automotive engine oils market is heavily constrained. One of the most significant difficulties is the growing shift towards electric cars (EVs) and hybrid vehicles. Because electric vehicles lack internal combustion engines, they do not require typical engine oils. This trend directly affects the need for car engine oils. As the Japanese government and car industry strive for increased EV adoption to satisfy environmental goals and reduce reliance on fossil fuels, the market for traditional engine oils is projected to shrink. Furthermore, the volatility of crude oil prices poses another hurdle to the industry. Fluctuations in crude oil prices can have an impact on the cost of raw materials used to create engine oils, influencing manufacturers' pricing tactics. This volatility can cause market uncertainty and have an impact on both production and consumption patterns.
Market Competitive Landscape
The Japanese automotive engine oil market is fairly consolidated, with the top five players accounting for 93.58%. Cosmo Energy Holdings Co. Ltd., ENEOS Corporation, ExxonMobil Corporation, Idemitsu Kosan Co. Ltd., and Royal Dutch Shell Plc are the market's leading participants.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Grade, By Engine Type, By Vehicle Type |
| Regions covered | Kanto Region, Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, Shikoku Region |
| Companies Covered | Fuchs Japan Ltd, Japan Sun Oil Company Ltd, AKT Japan Co Ltd, Motul, BP PLC (Castrol), Cosmo Energy Holdings Co, Ltd, ENEOS Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc, Idemitsu Kosan Co Ltd. |
COVID-19 Impact on Japan Automotive Engine Oils Market
The COVID-19 had a detrimental influence on the automobile engine oil market because of the severe lockdowns and social distancing measures put in place to prevent the virus from spreading. Economic instability, a partial corporate shutdown, and poor consumer confidence hampered demand in the vehicle engine oil industry. The epidemic disrupted the supply chain and caused delays in logistics tasks. However, the vehicle engine oil industry is projected to regain momentum in the post-pandemic scenario as limitations are eased.
Key Target Audience:
- Automobile Owners
- Automobile Manufacturers
- Automotive Dealerships
- Automotive Service Centers and Garages
- Fleet Operators
- Industrial Users
- Retailers and Distributors
- Performance Enthusiasts
Our in-depth analysis of the Japan Automotive Engine Oils Market includes the following segments:
| By Grade: |
|
| By Engine Type: |
|
| By Vehicle Type: |
|
Key Topics Covered in the Report:
- Japan Automotive Engine Oils Market Size (FY’2024-FY’2033)
- Overview of Japan Automotive Engine Oils Market
- Segmentation of Japan Automotive Engine Oils Market By Grade (Mineral, Semi-synthetic, Fully-synthetic)
- Segmentation of Japan Automotive Engine Oils Market By Engine Type (Gasoline, Diesel, Alternative Fuels)
- Segmentation of Japan Automotive Engine Oils Market By Vehicle Type (Passenger Cars, Motorcycle)
- Statistical Snap of Japan Automotive Engine Oils Market
- Expansion Analysis of Japan Automotive Engine Oils Market
- Problems and Obstacles in Japan Automotive Engine Oils Market
- Competitive Landscape in the Japan Automotive Engine Oils Market
- Impact of COVID-19 and Demonetization on Japan Automotive Engine Oils Market
- Details on Current Investment in Japan Automotive Engine Oils Market
- Competitive Analysis of Japan Automotive Engine Oils Market
- Prominent Players in the Japan Automotive Engine Oils Market
- SWOT Analysis of Japan Automotive Engine Oils Market
- Japan Automotive Engine Oils Market Future Outlook and Projections (FY’2024-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 of the Japan Automotive Engine Oils 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. Japan Automotive Engine Oils Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Japan Automotive Engine Oils Market
7. Japan Automotive Engine Oils Market, By Grade (USD Million) 2020-2033
7.1. Japan Automotive Engine Oils Market Size, Share and Forecast, By Grade, 2020-20267.2. Japan Automotive Engine Oils Market Size, Share and Forecast, By Grade, 2027-20337.3. Mineral7.4. Semi-synthetic7.5. Fully-synthetic
8. Japan Automotive Engine Oils Market, By Engine Type (USD Million) 2020-2033
8.1. Japan Automotive Engine Oils Market Size, Share and Forecast, By Engine Type, 2020-20268.2. Japan Automotive Engine Oils Market Size, Share and Forecast, By Engine Type, 2027-20338.3. Gasoline8.4. Diesel8.5. Alternative Fuels
9. Japan Automotive Engine Oils Market, By Vehicle Type (USD Million) 2020-2033
9.1. Japan Automotive Engine Oils Market Size, Share and Forecast, By Vehicle Type, 2020-20269.2. Japan Automotive Engine Oils Market Size, Share and Forecast, By Vehicle Type, 2027-20339.3. Passenger Cars9.4. Motorcycle
10. Japan Automotive Engine Oils Market Forecast, 2020-2033 (USD Million)
10.1. Japan Automotive Engine Oils Market Size and Market Share
11. Japan Automotive Engine Oils Market, By Region, 2020-2033 (USD Million)
11.1. Japan Automotive Engine Oils Market Size and Market Share By Region (2020-2026)11.2. Japan Automotive Engine Oils Market Size and Market Share By Region (2027-2033)11.3. Kanto Region11.4. Kinki Region11.5. Central/ Chubu Region11.6. Kyushu-Okinawa Region11.7. Tohoku Region11.8. Chugoku Region11.9. Hokkaido Region11.10. Shikoku Region
12. Company Profile
12.1. Fuchs Japan Ltd12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. Japan Sun Oil Company, Ltd12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. AKT Japan Co. Ltd12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Motul12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. BP PLC (Castrol)12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. Cosmo Energy Holdings Co Ltd12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. ENEOS Corporation12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. ExxonMobil Corporation12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Royal Dutch Shell Plc12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Idemitsu Kosan Co. Ltd12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.11. Others12.10.4. Recent developments
13. Conclusion
14. List of Abbreviations
15. Reference Links
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
Japan Automotive Engine Oils Market is projected to reach USD XX Million by 2033, growing at a CAGR of XX% during the forecast period.
Japan Automotive Engine Oils Market grew in Market size from 2024. The Market is expected to reach USD XX Million by 2033, at a CAGR of XX% during the forecast period.
Japan Automotive Engine Oils Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Japan Automotive Engine Oils Market size is USD XX Million from 2024 to 2033.
Japan Automotive Engine Oils Market is covered By Grade, By Engine Type, By Vehicle Type
The Asia Pacific is anticipated to have the highest Market share in the Japan Automotive Engine Oils Market.
The key players in the Market include Companies Covered Fuchs Japan Ltd, Japan Sun Oil Company, Ltd, AKT Japan Co Ltd, Motul, BP PLC (Castrol), Cosmo Energy Holdings Co, Ltd, ENEOS Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc, Idemitsu Kosan Co Ltd.
The high cost of advanced diabetes drugs and the financial burden of treating diabetes remain major obstacles to market growth, despite the fact that numerous drugs have been approved for the condition and that governments and industry players are launching numerous initiatives.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
