Engine Oil Market Size - By Sale Channel, By Type, By Engine Type, By Vehicle Type, By Oil Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecasts to 2030

Description

Global Engine Oil Market Overview:

According to SPER Market Research, the Global Engine Oil Market is estimated to reach USD 48.66 billion by 2030 with a CAGR of 3.5%.

Engine oil's main function is to lubricate the moving elements of the engine to reduce friction and overheating. It also does several auxiliary tasks. It helps keep engine parts clean, cool, and keeps rust and corrosion from building up on the piston. The engine oil industry is evolving as a result of consumer desire for high-performing, high-quality oil that will improve fuel efficiency and engine performance.

Examples of ongoing innovation and breakthroughs in satisfying various automotive requirements include extending the life of the engine, minimising carbon footprint, providing low-viscosity engine lubricants to enhance fuel efficiency, and meeting changing vehicle pollution criteria established by various government agencies. The market has been supported by the rising usage of passenger automobiles, commercial vehicles, and the rapidly expanding transportation sector in emerging nations.

Impact of COVID-19 on the Global Engine Oil Market

Due to the severe lockdowns and social isolation implemented to stop the corona spread, the automobile engine oil business suffered. The market for vehicle engine oil was hurt by the lack of customer confidence, the partial company closure, and the uncertain economic climate. During the epidemic, the supply chain was impeded along with logistical operations. Due to the loosening of the limitations, the market for vehicle engine oil is anticipated to go up during the post-pandemic scenario.

Scope of the report:

Report Metric Details

Market size available for years 2019-2030

Base year considered 2021

Forecast period 2022-2030

Segments covered By Sale Channel, By Type, By Engine Type, By Vehicle Type, By Oil Type, By End User

Geographies covered: North America, Europe, Asia Pacific, Latin America, Middle East, Africa

Companies Covered 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., Petroliam Nasional Berhad, Phillips 66, Ravensberger Schmierstoffvertrieb GmbH, Repsol, Royal Dutch Shell PLC, Shell PLC, SINOPEC, Total Energies, Valvoline Inc.

Global Engine Oil Market Segmentation:

By Sale Channel: Based on the Sale Channel, Global Engine Oil Market is segmented as; After Market, OEM.

By Type: Based on the Type, Global Engine Oil Market is segmented as; Conventional Engine Oil, High-Mileage Oil, Synthetic Blend Oil, Synthetic Engine Oil.

By Engine Type: Based on the Engine Type, Global Engine Oil Market is segmented as; Alternative Fuel, Diesel, Gasoline.

By Vehicle Type: Based on the Vehicle Type, Global Engine Oil Market is segmented as; Light Commercial Vehicles, Motorcycles, Passenger Cars.

By Oil Type: Based on the Oil Type, Global Engine Oil Market is segmented as; Fully-Synthetic, Mineral, Semi-Synthetic.

By End User: Based on the End User, Global Engine Oil Market is segmented as; Automotive and Transport, Heavy Equipment, Power generation.

By Region: Due to the biggest number of cars present in Asia, particularly in nations like China, India, Asia Pacific is the region with the fastest growth in the motor oil industry. Additionally, it is anticipated that China and India would have the most automobiles on the road and that India will have the largest two-wheeler market, all of which will contribute to the expansion of the market for automotive engine oil. In North America, the market is distinguished by significant government assistance for energy-efficient motor oil. Furthermore, it is anticipated that widespread knowledge among the local populace would maintain the market for synthetic motor oil active.

Product Code: AMIN2202

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 Global Engine Oil Market

5. Market variables 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 analysis
- 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. Global Engine Oil Market, By Sale Channel, 2019-2030 (USD Million)

6.1. After Market
6.2. OEM

7. Global Engine Oil Market, By Type, 2019-2030 (USD Million)

7.1. Conventional Engine Oil
7.2. High-Mileage Oil
7.3. Synthetic Blend Oil
7.4. Synthetic Engine Oil

8. Global Engine Oil Market, By Engine Type, 2019-2030 (USD Million)

8.1. Alternative Fuel
8.2. Diesel
8.3. Gasoline

9. Global Engine Oil Market, By Vehicle Type, 2019-2030 (USD Million)

9.1. Light Commercial Vehicles
9.2. Motorcycles
9.3. Passenger Cars

10. Global Engine Oil Market, By Oil Type 2019-2030 (USD Million)

10.1 Fully-Synthetic
10.2 Mineral
10.3 Semi-Synthetic

11. Global Engine Oil Market, By End User 2019-2030 (USD Million)

11.1 Automotive and Transport
11.2 Heavy Equipment
11.3 Power generation

12. Global Engine Oil Market, By Region, 2019-2030 (USD Million)

12.1 North America
- 12.1.1 United States
- 12.1.2 Canada
- 12.1.3 Mexico
12.2 Europe
- 12.2.1 Germany
- 12.2.2 United Kingdom
- 12.2.3 France
- 12.2.4 Italy
- 12.2.5 Spain
- 12.2.6 Rest of Europe
12.3 Asia-Pacific
- 12.3.1 China
- 12.3.2 Japan
- 12.3.3 India
- 12.3.4 Australia
- 12.3.5 South Korea
- 12.3.6 Rest of Asia-Pacific
12.4 South America
- 12.4.1 Brazil
- 12.4.2 Argentina
- 12.4.3 Rest of South America
12.5 Middle East & Africa
- 12.5.1 Kingdom of Saudi Arabia
- 12.5.2 United Arab Emirates
- 12.5.3 Rest of Middle East & Africa

13. Company Profiles

13.1 Bharat Petroleum Corp. Ltd.
- 13.1.1 Company details
- 13.1.2 Financial outlook
- 13.1.3 Product summary
- 13.1.4 Recent developments
13.2 Castrol Ltd.
- 13.2.1 Company details
- 13.2.2 Financial outlook
- 13.2.3 Product summary
- 13.2.4 Recent developments
13.3 Chevron Corp.
- 13.3.1 Company details
- 13.3.2 Financial outlook
- 13.3.3 Product summary
- 13.3.4 Recent developments
13.4 China Petrochemical Corp.
- 13.4.1 Company details
- 13.4.2 Financial outlook
- 13.4.3 Product summary
- 13.4.4 Recent developments
13.5 Eni S.P.A
- 13.5.1 Company details
- 13.5.2 Financial outlook
- 13.5.3 Product summary
- 13.5.4 Recent developments
13.6 Exxon Mobil Corp.
- 13.6.1 Company details
- 13.6.2 Financial outlook
- 13.6.3 Product summary
- 13.6.4 Recent developments
13.7 FUCHS PETROLUB SE
- 13.7.1 Company details
- 13.7.2 Financial outlook
- 13.7.3 Product summary
- 13.7.4 Recent developments
13.8 Gazpromneft - Lubricants Ltd.
- 13.8.1 Company details
- 13.8.2 Financial outlook
- 13.8.3 Product summary
- 13.8.4 Recent developments
13.9 GS Caltex Corp.
- 13.9.1 Company details
- 13.9.2 Financial outlook
- 13.9.3 Product summary
- 13.9.4 Recent developments
13.10 Gulf Oil International Ltd.
- 13.10.1 Company details
- 13.10.2 Financial outlook
- 13.10.3 Product summary
- 13.10.4 Recent developments
13.11 Hindustan Petroleum Corp. Ltd.
- 13.11.1 Company details
- 13.11.2 Financial outlook
- 13.11.3 Product summary
- 13.11.4 Recent developments
13.12 Idemitsu Kosan Co. Ltd.
- 13.12.1 Company details
- 13.12.2 Financial outlook
- 13.12.3 Product summary
- 13.12.4 Recent developments
13.13 Indian Oil Corp. Ltd.
- 13.13.1 Company details
- 13.13.2 Financial outlook
- 13.13.3 Product summary
- 13.13.4 Recent developments
13.14 Kuwait Dana Lubes Company
- 13.14.1 Company details
- 13.14.2 Financial outlook
- 13.14.3 Product summary
- 13.14.4 Recent developments
13.15 Liqui Moly
- 13.15.1 Company details
- 13.15.2 Financial outlook
- 13.15.3 Product summary
- 13.15.4 Recent developments
13.16 MOTUL SA
- 13.16.1 Company details
- 13.16.2 Financial outlook
- 13.16.3 Product summary
- 13.16.4 Recent developments
13.17 Pennzoil
- 13.17.1 Company details
- 13.17.2 Financial outlook
- 13.17.3 Product summary
- 13.17.4 Recent developments
13.18 Petro Canada Lubricants Inc.
- 13.18.1 Company details
- 13.18.2 Financial outlook
- 13.18.3 Product summary
- 13.18.4 Recent developments
13.19 Petroliam Nasional Berhad
- 13.19.1 Company details
- 13.19.2 Financial outlook
- 13.19.3 Product summary
- 13.19.4 Recent developments
13.20 Phillips 66
- 13.20.1 Company details
- 13.20.2 Financial outlook
- 13.20.3 Product summary
- 13.20.4 Recent developments
13.21 Ravensberger Schmierstoffvertrieb GmbH
- 13.21.1 Company details
- 13.21.2 Financial outlook
- 13.21.3 Product summary
- 13.21.4 Recent developments
13.22 Repsol
- 13.22.1 Company details
- 13.22.2 Financial outlook
- 13.22.3 Product summary
- 13.22.4 Recent developments
13.23 Royal Dutch Shell PLC
- 13.23.1 Company details
- 13.23.2 Financial outlook
- 13.23.3 Product summary
- 13.23.4 Recent developments
13.24 Shell PLC
- 13.24.1 Company details
- 13.24.2 Financial outlook
- 13.24.3 Product summary
- 13.24.4 Recent developments
13.25 SINOPEC
- 13.25.1 Company details
- 13.25.2 Financial outlook
- 13.25.3 Product summary
- 13.25.4 Recent developments
13.26 Total Energies
- 13.26.1 Company details
- 13.26.2 Financial outlook
- 13.26.3 Product summary
- 13.26.4 Recent developments
13.27 Valvoline Inc.
- 13.27.1 Company details
- 13.27.2 Financial outlook
- 13.27.3 Product summary
- 13.27.4 Recent developments