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Automotive Engine Oil Market (Grades - Mineral, Semi-synthetic, and Synthetic; Type - Gasoline, Diesel, and Alternative Fuel; Vehicle Type - Passenger Cars, Light Commercial Vehicles, Heavy Duty Vehicles, and Motorcycles): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : December, 2019

  • Rep Id : AT00163

  • Category : Automotive, Aerospace & Defence

  • Status : Published

A recent report published by Infinium Global Research on the automotive engine oil market provides an in-depth analysis of segments and sub-segments in the global as well as the regional automotive engine oil market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automotive engine oil market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global automotive engine oil market. According to the report, the global automotive engine oil market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.

 

Market Insight

Automotive engine oil is used for lubrication of various internal combustion engines. The main function is to lubricate moving parts. It also cleans, inhibits corrosion, improves sealing and cools the engine by carrying heat away from moving parts. Today lots of automotive engine oils are available in the market but some provide the best quality like Bosch automotive engine oil provides excellent protection and quality. Gulf Oil Corporation Ltd. has launched new generation passenger car motor oil such as Gulf MAX Supreme 20W-50, Gulf MAX Supreme 5W-30 & Gulf MAX TD 15W-40. The special feature of these products has been encapsulated as MX 4 technology which offers the benefits of extended engine life, enhanced engine cleanliness, superior engine protection.

 

Increasing the production of automobiles is the major factor driving the automotive engine oil market. Moreover, the growing demand for goods transportation from medium, small and micro-size enterprises is the factor boosting the automotive engine oil market. Increasing demand for conventional and synthetic products is the factor propelling the automotive engine oil market. Increasing awareness among people is the factor enhancing the automotive engine market. However, the rising supply of counterfeit engine oil products is the factor hampering the automotive engine oil market. The stringent government regulations regarding the emission and demand for environment friendly engine oils remain the major restraint to the automotive engine oil market. Furthermore, the growing vehicle sales and its production in developing countries can be challenges for the automotive engine market. Besides, the increasing trend of owning a vehicle provides a major opportunity for the growth of the automotive engine oil market.

 

Geographically, Asia Pacific is anticipated to hold a prominent share of the global automotive engine oil market. In recent years, China has become the largest hub for the automotive industry. High production and sales of vehicles are the factors driving the automotive engine oil market in the Asia Pacific. Europe is another major region, which is expected to hold a significant share of the global automotive engine oil market. Europe is a leading market of synthetic engine oils owing to the presence of a large number performance vehicle which drives the automotive engine oil market.

 

Segment Covered

The report on the global automotive engine oil market covers segments such as grades, type, and vehicle type. On the basis of grades, the sub-markets include mineral, semi-synthetic, and synthetic. On the basis of type, the sub-markets include gasoline, diesel, and alternative fuel. On the basis of vehicle type, the sub-markets include passenger cars, light commercial vehicles, heavy duty vehicles, and motorcycles.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Castrol Limited, Royal Dutch Shell plc, Leo Lubricants Pvt. Ltd., Pentagon Lubricants Private Limited, DANA Lubricants Factory LLC, HINDUJA GROUP, GP Petroleums Ltd., Valvoline Inc., Würth Group, Exxon Mobil Corporation and Other Companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automotive engine oil market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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