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
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| Regions covered | Kanto Region, Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, Shikoku Region
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| 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.
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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:
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By Grade:
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Mineral
Semi-synthetic
Fully-synthetic
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By Engine Type:
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Gasoline
Diesel
Alternative Fuels
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By Vehicle Type:
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Passenger Cars
Motorcycle
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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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Japan Automotive Engine Oils Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Japan Automotive Engine Oils Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2020-2026
7.2. Japan Automotive Engine Oils Market Size, Share and Forecast, By Grade, 2027-2033
7.3. Mineral
7.4. Semi-synthetic
7.5. 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, 2020-2026
8.2. Japan Automotive Engine Oils Market Size, Share and Forecast, By Engine Type, 2027-2033
8.3. Gasoline
8.4. Diesel
8.5. 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, 2020-2026
9.2. Japan Automotive Engine Oils Market Size, Share and Forecast, By Vehicle Type, 2027-2033
9.3. Passenger Cars
9.4. 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 Region
11.4. Kinki Region
11.5. Central/ Chubu Region
11.6. Kyushu-Okinawa Region
11.7. Tohoku Region
11.8. Chugoku Region
11.9. Hokkaido Region
11.10. Shikoku Region
12. Company Profile
12.1. Fuchs Japan Ltd
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Japan Sun Oil Company, Ltd
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. AKT Japan Co. Ltd
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Motul
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. BP PLC (Castrol)
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Cosmo Energy Holdings Co Ltd
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. ENEOS Corporation
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. ExxonMobil Corporation
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Royal Dutch Shell Plc
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Idemitsu Kosan Co. Ltd
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
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.
