市場調查報告書
商品編碼
1541513
2024-2032 年按產品、車輛類型和地區分類的汽車潤滑油市場報告Automotive Lubricants Market Report by Product, Vehicle Type, and Region 2024-2032 |
IMARC Group年全球汽車潤滑油市場規模達786億美元。在汽車銷售量不斷成長、人們對定期車輛維護重要性的認知不斷提高以及一些國家的管理機構正在實施嚴格的排放和污染標準以維持環境永續性的推動下,市場正在經歷穩定成長。
市場成長與規模:在環保潤滑油不斷發展以及人們對車輛維護的日益關注的推動下,市場正在穩定成長。
技術進步:潤滑油技術的創新,包括減少摩擦的配方和延長保養週期的產品,以提高引擎性能,促進了市場的成長。
產業應用:汽車潤滑油廣泛用於乘用車和商用車。
地理趨勢:亞太地區由於汽車產量的成長而引領市場。然而,由於擁有完善的乘用車和商用車製造基地,北美正在成為一個快速成長的市場。
競爭格局:主要參與者正在投資研發 (R&D) 活動,以開發環保潤滑油、高性能配方以及專為電動車 (EV) 量身訂製的潤滑油。
挑戰與機會:雖然市場面臨不斷變化的排放標準等挑戰,但在增加永續潤滑油解決方案的生產方面也遇到了機會。
未來展望:隨著對環保潤滑油的日益關注,汽車潤滑油市場的未來看起來充滿希望。此外,嚴格的環境法規預計將推動市場成長。
汽車銷量上升
由於汽車銷量的成長,對汽車潤滑油的需求不斷增加,推動了市場的成長。與此相適應,人們越來越喜歡使用車輛進行日常通勤,這推動了市場的成長。此外,為提高車輛性能而對機油和變速箱油等潤滑油的需求不斷成長,這帶來了積極的市場前景。除此之外,許多國家的管理機構正在投資道路網路和公共交通系統,以改善可及性並促進車輛使用。此外,由於車輛的便利性增強,個人擴大採用車輛,這也支持了市場的成長。除此之外,混合動力和電動車的開發和銷售不斷增加,以降低環境中的碳足跡,正在推動市場成長。此外,公司擴大出於商業目的而採用商用車,這對市場產生了積極影響。
人們越來越認知到定期車輛維護的重要性
大眾對定期車輛維護重要性的認知不斷增強,這有助於市場的成長。此外,人們也注重延長汽車的使用壽命和性能。此外,高效潤滑是車輛維護的一個基本方面,因為它可以減少引擎部件的摩擦和磨損。除此之外,定期換油和使用高品質潤滑油對於燃油效率和排放控制至關重要。此外,汽車製造商正在組織活動,以提高個人對使用優質潤滑油的長期好處的認知,這正在加強市場的成長。除此之外,人們認知到預防性維護,例如定期換油、輪胎輪換和煞車檢查,可以幫助在小問題變成重大且昂貴的維修之前識別和解決它們。因此,這種主動方法可以顯著降低車輛整個生命週期內的整體維護成本。
有利的政府舉措
由於全球大眾對環境問題的日益關注,對高品質潤滑油的需求不斷成長,推動了市場的成長。除此之外,一些國家的管理機構正在實施嚴格的排放和污染標準,以維持環境的永續性,這推動了市場的成長。此外,主要參與者正在採用更永續的做法來開發環保潤滑油。此外,環保潤滑油旨在減少有害排放、提高燃油效率並最大限度地減少汽車營運對環境的影響。與此一致的是,生物基潤滑劑和毒性較低的合成潤滑劑的引入正在促進市場的成長。除此之外,管理當局也透過稅收減免和補貼來鼓勵使用環保潤滑油。這種向綠色潤滑解決方案的轉變不僅是由法規遵循推動的,也是由消費者對環保產品日益成長的偏好所推動的。此外,技術進步使得開發更清潔、更有效率的製程和產品成為可能。
The global automotive lubricants market size reached US$ 78.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 104.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.1% during 2024-2032. The market is experiencing steady growth driven by the rising automobile sales, increasing awareness about the importance of regular vehicle maintenance, and governing agencies of several countries are implementing stringent emissions and pollution standards to maintain environmental sustainability.
Market Growth and Size: The market is witnessing stable growth, driven by the rising development of eco-friendly lubricants, along with the increasing focus on vehicle maintenance.
Technological Advancements: Innovations in lubricant technology, including reduced friction formulations and extended service interval products, to enhance engine performance is facilitating the market growth.
Industry Applications: Automotive lubricants are widely used in passenger and commercial vehicles.
Geographical Trends: Asia Pacific leads the market on account of the rising production of automobiles. However, North America is emerging as a fast-growing market due to the presence of a well-established manufacturing base for passenger and commercial vehicles.
Competitive Landscape: Key players are investing in research and development (R&D) activities to develop eco-friendly lubricants, high-performance formulations, and lubricants tailored for electric vehicles (EVs).
Challenges and Opportunities: While the market faces challenges, such as evolving emission standards, it also encounters opportunities in the increasing production of sustainable lubricant solutions.
Future Outlook: The future of the automotive lubricants market looks promising, with the rising focus on eco-friendly lubricants. In addition, stringent environmental regulations are expected to propel the market growth.
Rising automobile sales
The escalating demand for automotive lubricants on account of the rising automobile sales is bolstering the growth of the market. In line with this, people are increasingly preferring vehicles for daily commutation purposes, which is impelling the market growth. Moreover, the growing need for lubricants, such as engine oils and transmission fluids, to enhance the performance of vehicles is offering a positive market outlook. Besides this, governing agencies of numerous countries are investing in road networks and public transportation systems to improve accessibility and facilitate vehicle use. Furthermore, the increasing adoption of vehicles among individuals due to their enhanced convenience is supporting the growth of the market. Apart from this, rising development and sales of hybrid and electric vehicles to lower carbon footprint in the environment is impelling the market growth. In addition, the growing adoption of commercial vehicles among companies for business purposes is positively influencing the market.
Growing awareness about the importance of regular vehicle maintenance
The increasing awareness among the masses about the importance of regular vehicle maintenance is contributing to the growth of the market. In addition, people are focusing on prolonging the lifespan and performance of their automobiles. Moreover, efficient lubrication is a fundamental aspect of vehicle maintenance, as it reduces friction and wear and tear on engine components. Apart from this, regular oil changes and the use of high-quality lubricants are essential for fuel efficiency and emission control. Furthermore, automotive manufacturers are organizing campaigns to generate awareness among individuals about the long-term benefits of using quality lubricants, which is strengthening the market growth. Besides this, people are recognizing that preventive maintenance, such as regular oil changes, tire rotations, and brake inspections, can help identify and address minor issues before they become major and costly repairs. As a result, this proactive approach can significantly reduce overall maintenance expenses over the lifespan of a vehicle.
Favorable government initiatives
The escalating demand for high-quality lubricants due to increasing environmental concerns among the masses across the globe is impelling the market growth. Apart from this, governing agencies of several countries are implementing stringent emissions and pollution standards to maintain environmental sustainability, which is propelling the market growth. In addition, key players are adopting more sustainable practices to develop eco-friendly lubricants. Furthermore, eco-friendly lubricants are designed to reduce harmful emissions, improve fuel efficiency, and minimize the environmental impact of automotive operations. In line with this, the introduction of bio-based lubricants and synthetic lubricants with lower toxicity is bolstering the marker growth. Besides this, governing authorities are incentivizing the use of eco-friendly lubricants through tax breaks and subsidies. This shift towards greener lubrication solutions is not only driven by regulatory compliance but also by rising consumer preferences for eco-conscious products. Additionally, technological advancements are making it possible to develop cleaner and more efficient processes and products.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product and vehicle type.
Engine Oil
Gear Oil
Transmission Fluids
Brake Fluids
Coolants
Greases
Others
Engine oil accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the product. This includes engine oil, gear oil, transmission fluids, brake fluids, coolants, greases, and others. According to the report, engine oil represented the largest segment.
Engine oil is a critical lubricant used in internal combustion engines (ICE) vehicles to reduce friction, dissipate heat, and protect engine components. It ensures smooth engine operation, prolongs engine life, and improves fuel efficiency by preventing wear and tear. Regular oil changes are essential for maintaining engine performance and longevity.
Gear oil, also known as gearbox oil, is a specialized lubricant used in transmissions, differentials, and gearboxes to reduce friction and wear between gears and bearings. It ensures smooth gear shifting, protects components, and extends their lifespan. Gear oils have specific viscosity and additives and provide optimal performance.
Transmission fluids are essential for smooth and efficient gear shifting in both automatic and manual transmissions. They serve to facilitate gear shifting, reduce friction and heat, and protect transmission components. Proper transmission fluid maintenance is crucial for ensuring smooth and efficient operation and extending the lifespan of the transmission system.
Brake fluids are critical for transmitting hydraulic pressure in the braking system, ensuring effective stopping power. They transmit the force applied to the brake pedal to the brake calipers or wheel cylinders, causing the brakes to engage and slow down the vehicle.
Coolants, also known as antifreeze, are liquids used in the cooling system of a vehicle to regulate engine temperature. They absorb heat generated during engine operation, preventing overheating. Coolants also protect against freezing in cold weather. They circulate through the engine and radiator, ensuring optimal operating conditions and engine longevity.
Greases are semisolid lubricants composed of a base oil and a thickening agent. They provide lubrication and protection in various applications, including automotive, industrial, and machinery. Greases adhere to surfaces, reducing friction, preventing wear, and sealing out contaminants. They offer long-lasting lubrication in challenging conditions, ensuring smooth and efficient operation.
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Others
Passenger cars hold the largest market share
A detailed breakup and analysis of the market based on the vehicle type have also been provided in the report. This includes passenger cars, light commercial vehicles, heavy commercial vehicles, and others. According to the report, passenger cars accounted for the largest market share.
Passenger cars, also known as automobiles, rely on lubricants for their smooth and efficient operation. Lubricants, such as engine oil and transmission fluid, play a crucial role in reducing friction between moving parts within the engine, transmission, and other critical components. They dissipate heat, prevent wear and tear, and ensure optimal performance, extending the lifespan of the vehicle. Regular maintenance, including oil changes, helps passenger cars maintain fuel efficiency and comply with emission standards. Lubricants also contribute to the reduction of harmful emissions by minimizing friction and enhancing overall engine efficiency, aligning with environmental and regulatory concerns in the automotive industry. Furthermore, the escalating demand for lubricants due to the increasing adoption of passenger cars among the masses across the globe is bolstering the market growth.
Light commercial vehicles (LCVs) encompass a range of vehicles, such as vans, pickup trucks, and small delivery vehicles, which are essential for business operations. These vehicles heavily rely on lubricants for their maintenance and performance. Lubricants, including engine oils, transmission fluids, and gear oils, ensure that LCVs operate smoothly and efficiently. They reduce friction, protect vital components, and dissipate heat, extending the lifespan of the vehicle and minimizing maintenance costs. Regular oil changes with high-quality lubricants are particularly crucial for LCVs to maintain reliability and fuel efficiency, allowing companies to meet their transportation needs while optimizing operational costs and reducing environmental impact.
Heavy commercial vehicles (HCVs) encompass trucks, buses, and heavy-duty machinery vital for various industries like logistics, construction, and mining. Lubricants are integral for the enhanced performance and longevity of these vehicles. Engine oils, gear oils, and transmission fluids are essential lubricants that reduce friction, protect components, and manage heat, ensuring these vehicles operate efficiently under extreme conditions. Regular maintenance with specialized lubricants is critical for HCVs to prevent breakdowns, minimize downtime, and lower operational costs. High-quality lubricants also contribute to fuel efficiency and emissions control, aligning with environmental regulations and sustainability goals while supporting robust transportation needs.
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Asia Pacific leads the market, accounting for the largest automotive lubricants market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share due to the escalating demand for commercial vehicles in the manufacturing and industrial sectors. In line with this, the increasing development of eco-friendly lubricants to reduce carbon emissions in the environment is propelling the growth of the market. Moreover, the rising production of automobiles in the region is bolstering the market growth.
North America stands as another key region in the market, driven by the thriving automotive sector. Apart from this, the presence of a well-established manufacturing base for passenger and commercial vehicles is supporting the market growth. Furthermore, the increasing focus on vehicle maintenance and performance is impelling the growth of the market.
Europe maintains a strong presence in the market, with the rising focus on eco-friendly lubricants that align with stringent environmental standards. In line with this, the growing demand for high-quality lubricants is offering a positive market outlook. Furthermore, increasing environmental concerns among the masses is bolstering the growth of the market.
Latin America exhibits growing potential in the automotive lubricants market on account of the rising adoption of eco-friendly lubricants, such as low-viscosity engine oils and synthetic formulations. In addition, stringent environmental regulations are contributing to the growth of the market in the region.
The Middle East and Africa region show a developing market for automotive lubricants, primarily driven by the presence of key manufacturers in the industry. Besides this, the increasing utilization of automotive lubricants to enhance the performance of the vehicle is impelling the market growth.
Key players are investing in research and development (R&D) activities to develop eco-friendly lubricants, high-performance formulations, and lubricants tailored for electric vehicles (EVs). In line with this, they are focusing on sustainability by producing lubricants with reduced environmental impact. This includes the use of bio-based ingredients, lower emissions, and recyclable packaging. Furthermore, companies are engaging in collaborations and partnerships with automotive manufacturers, dealerships, and aftermarket service providers to enhance brand visibility. Apart from this, major manufacturers are continuously ensuring that their products comply with environmental regulations and industry standards to avoid legal issues and maintain the trust of individuals. In addition, they are maintaining stringent quality control measures to ensure the consistency and performance of lubricant products.
Amsoil Inc.
BP plc
Chevron Corporation
China National Petroleum Corporation
Exxon Mobil Corporation
Fuchs Group
Petronas Lubricants International Sdn Bhd
Phillips 66 Company
Royal Dutch Shell plc
SK Lubricants Co. Ltd.
Total SE
Valvoline Inc.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
March, 2021: Exxon Mobil Corporation signed an agreement with Nissan Motor India to supply lubricants for the passenger vehicles (PV) aftermarket business. These engine oils are suitable for India BS-VI standards.
April 13, 2021: Valvoline Inc., a U.S.-based is a leading worldwide supplier of premium branded lubricants and automotive services, launched ValvolineTM High Mileage 150k with MaxLifeTM plus technology synthetic blend, the first engine oil specially designed to meet the unique needs of engines with over 150,000 miles.
October 25, 2023: Chevron Corporation and Hindustan Petroleum Corporation Limited (HPCL) launched the US energy giant lubricant brand Caltex in the Indian market. The long-term agreement with Chevron will allow HPCL to license, market, manufacture, and distribute Caltex-branded lubricants in the country.