AUTOMOTIVE & TRANSPORTATION
Global Automotive Engine Oil Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Automotive Engine Oil Market, By Oil Grade (Mineral, Semi-Synthetic, and Fully-Synthetic), Engine Type (Gasoline, Diesel, and Alternative Fuels), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy-Duty Vehicles, and Motorcycle), Oil Type (Conventional Engine Oil, Synthetic Engine Oil, Synthetic Blend Oil, and High-Mileage Engine Oil), Sales Channel (OEM and Aftermarket), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global automotive engine oil market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Automotive engine oil typically refers to the segment of the automotive lubricants industry that produces and sells oils specifically formulated for use in internal combustion engines. This includes oils designed for gasoline, diesel, and alternative fuel engines, covering a wide range of vehicle types including cars, trucks, motorcycles, and various types of heavy machinery.
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Market Dynamics
DRIVERS
- Synthetic and bio-based oils
- Advanced engine technologies
RESTRAINTS
- Electric vehicle adoption
- Volatility in crude oil prices
OPPORTUNITIES
- Growing demand for high-performance lubricants
- Digitalization and Industry 4.0 solutions
CHALLENGES
- Brand loyalty and consumer perception
- Extended oil drain intervals
SEGMENTATION
- Oil Grade
- Mineral
- Semi-Synthetic
- Fully-Synthetic
- Engine Type
- Gasoline
- Diesel
- Alternative Fuels
- Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy-Duty Vehicles
- Motorcycle
- Oil Type
- Conventional Engine Oil
- Synthetic Engine Oil
- Synthetic Blend Oil
- High-Mileage Engine Oil
- Sales Channel
- OEM
- Aftermarket
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Valvoline
- Wurth Group
- Castrol
- ExxonMobil
- Total
- Eni GmbH
- Amsoil Inc.
- Petronas
- Fuchs Petrolub
- Sinopec Lubricant Company
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Automotive Engine Oil Market, by Oil Grade
- 3.2 Global Automotive Engine Oil Market, by Engine Type
- 3.3 Global Automotive Engine Oil Market, by Vehicle Type
- 3.4 Global Automotive Engine Oil Market, by Oil Type
- 3.5 Global Automotive Engine Oil Market, by Sales Channel
- 3.6 Global Automotive Engine Oil Market, by Geography
- 3.7 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Shift towards low-viscosity oils
- 5.1.2 Rise of electric vehicle-compatible lubricants
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Synthetic and bio-based oils
- 5.2.2 Advanced engine technologies
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Electric vehicle adoption
- 5.3.2 Volatility in crude oil prices
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Growing demand for high-performance lubricants
- 5.4.2 Digitalization and Industry 4.0 solutions
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Brand loyalty and consumer perception
- 5.5.2 Extended oil drain intervals
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL AUTOMOTIVE ENGINE OIL MARKET, BY OIL GRADE
- 6.1 Oil Grade Summary
- 6.2 Market Attractive Index
- 6.3 Global Automotive Engine Oil Market, by Oil Grade (2019-2032)
- SECTION 7 - GLOBAL AUTOMOTIVE ENGINE OIL MARKET, BY ENGINE TYPE
- 7.1 Engine Type Summary
- 7.2 Market Attractive Index
- 7.3 Global Automotive Engine Oil Market, by Engine Type (2019-2032)
- SECTION 8 - GLOBAL AUTOMOTIVE ENGINE OIL MARKET, BY VEHICLE TYPE
- 8.1 Vehicle Type Summary
- 8.2 Market Attractive Index
- 8.3 Global Automotive Engine Oil Market, by Vehicle Type (2019-2032)
- SECTION 9 - GLOBAL AUTOMOTIVE ENGINE OIL MARKET, BY OIL TYPE
- 9.1 Oil Type Summary
- 9.2 Market Attractive Index
- 9.3 Global Automotive Engine Oil Market, by Oil Type (2019-2032)
- SECTION 10 - GLOBAL AUTOMOTIVE ENGINE OIL MARKET, BY SALES CHANNEL
- 10.1 Sales Channel Summary
- 10.2 Market Attractive Index
- 10.3 Global Automotive Engine Oil Market, by Sales Channel (2019-2032)
- SECTION 11 - GLOBAL AUTOMOTIVE ENGINE OIL MARKET, BY GEOGRAPHY
- 11.1 Regional Summary
- 11.2 Market Attractive Index
- 11.3 Global Automotive Engine Oil Market, by Geography (2019-2032)
- SECTION 12 - NORTH AMERICA AUTOMOTIVE ENGINE OIL MARKET
- 12.1 North America Summary
- 12.2 Market Attractive Index
- 12.3 North America Automotive Engine Oil Market, by Oil Grade (2019-2032)
- 12.4 North America Automotive Engine Oil Market, by Engine Type (2019-2032)
- 12.5 North America Automotive Engine Oil Market, by Vehicle Type (2019-2032)
- 12.6 North America Automotive Engine Oil Market, by Oil Type (2019-2032)
- 12.7 North America Automotive Engine Oil Market, by Sales Channel (2019-2032)
- 12.8 North America Automotive Engine Oil Market, by Country (2019-2032)
- 12.8.1 U.S.
- 12.8.2 Canada
- 12.8.3 Mexico
- 12.8.4 Rest of North America
- SECTION 13 - EUROPE AUTOMOTIVE ENGINE OIL MARKET
- 13.1 Europe Summary
- 13.2 Market Attractive Index
- 13.3 Europe Automotive Engine Oil Market, by Oil Grade (2019-2032)
- 13.4 Europe Automotive Engine Oil Market, by Engine Type (2019-2032)
- 13.5 Europe Automotive Engine Oil Market, by Vehicle Type (2019-2032)
- 13.6 Europe Automotive Engine Oil Market, by Oil Type (2019-2032)
- 13.8 Europe Automotive Engine Oil Market, by Country (2019-2032)
- 13.8.1 Germany
- 13.8.2 U.K.
- 13.8.3 France
- 13.8.4 Italy
- 13.8.5 Spain
- 13.8.6 Russia
- 13.8.7 The Netherlands
- 13.8.8 Belgium
- 13.8.9 Turkey
- 13.8.10 Rest of Europe
- SECTION 14 - ASIA-PACIFIC AUTOMOTIVE ENGINE OIL MARKET
- 14.1 Asia-Pacific Summary
- 14.2 Market Attractive Index
- 14.3 Asia-Pacific Automotive Engine Oil Market, by Oil Grade (2019-2032)
- 14.4 Asia-Pacific Automotive Engine Oil Market, by Engine Type (2019-2032)
- 14.5 Asia-Pacific Automotive Engine Oil Market, by Vehicle Type (2019-2032)
- 14.6 Asia-Pacific Automotive Engine Oil Market, by Oil Type (2019-2032)
- 14.7 Asia-Pacific Automotive Engine Oil Market, by Sales Channel (2019-2032)
- 14.8 Asia-Pacific Automotive Engine Oil Market, by Country (2019-2032)
- 14.8.1 China
- 14.8.2 India
- 14.8.3 Japan
- 14.8.4 South Korea
- 14.8.5 Singapore
- 14.8.6 Malaysia
- 14.8.7 Australia
- 14.8.8 Thailand
- 14.8.9 Philippines
- 14.8.10 Rest of Asia-Pacific
- SECTION 15 - SOUTH AMERICA AUTOMOTIVE ENGINE OIL MARKET
- 15.1 South America Summary
- 15.2 Market Attractive Index
- 15.3 South America Automotive Engine Oil Market, by Oil Grade (2019-2032)
- 15.4 South America Automotive Engine Oil Market, by Engine Type (2019-2032)
- 15.5 South America Automotive Engine Oil Market, by Vehicle Type (2019-2032)
- 15.6 South America Automotive Engine Oil Market, by Oil Type (2019-2032)
- 15.7 South America Automotive Engine Oil Market, by Sales Channel (2019-2032)
- 15.8 South America Automotive Engine Oil Market, by Country (2019-2032)
- 15.8.1 Brazil
- 15.8.2 Argentina
- 15.8.3 Chile
- 15.8.4 Colombia
- 15.8.5 Rest of South America
- SECTION 16 - MIDDLE EAST AND AFRICA AUTOMOTIVE ENGINE OIL MARKET
- 16.1 Middle East and Africa Summary
- 16.2 Market Attractive Index
- 16.3 Middle East and Africa Automotive Engine Oil Market, by Oil Grade (2019-2032)
- 16.4 Middle East and Africa Automotive Engine Oil Market, by Engine Type (2019-2032)
- 16.5 Middle East and Africa Automotive Engine Oil Market, by Vehicle Type (2019-2032)
- 16.6 Middle East and Africa Automotive Engine Oil Market, by Oil Type (2019-2032)
- 16.7 Middle East and Africa Automotive Engine Oil Market, by Sales Channel (2019-2032)
- 16.8 Middle East and Africa Automotive Engine Oil Market, by Country (2019-2032)
- 16.8.1 Kingdom of Saudi Arabia
- 16.8.2 South Africa
- 16.8.3 U.A.E.
- 16.8.4 Egypt
- 16.8.5 Rest of Middle East and Africa
- SECTION 17 - COMPANY SHARE ANALYSIS
- 17.1 Global Automotive Engine Oil Market, Company Share Analysis
- 17.2 North America Automotive Engine Oil Market, Company Share Analysis
- 17.3 Europe Automotive Engine Oil Market, Company Share Analysis
- 17.4 Asia-Pacific Automotive Engine Oil Market, Company Share Analysis
- SECTION 18 - COMPANY PROFILES
- 18.1 Valvoline
- 18.1.1 Company Snapshot
- 18.1.2 Financial Overview
- 18.1.3 Product Portfolio
- 18.1.4 Recent Developments
- 18.2 Wurth Group
- 18.2.1 Company Snapshot
- 18.2.2 Financial Overview
- 18.2.3 Product Portfolio
- 18.2.4 Recent Developments
- 18.3 Castrol
- 18.3.1 Company Snapshot
- 18.3.2 Financial Overview
- 18.3.3 Product Portfolio
- 18.3.4 Recent Developments
- 18.4 ExxonMobil
- 18.4.1 Company Snapshot
- 18.4.2 Financial Overview
- 18.4.3 Product Portfolio
- 18.4.4 Recent Developments
- 18.5 Total
- 18.5.1 Company Snapshot
- 18.5.2 Financial Overview
- 18.5.3 Product Portfolio
- 18.5.4 Recent Developments
- 18.6 Eni GmbH
- 18.6.1 Company Snapshot
- 18.6.2 Financial Overview
- 18.6.3 Product Portfolio
- 18.6.4 Recent Developments
- 18.7 Amsoil Inc.
- 18.7.1 Company Snapshot
- 18.7.2 Financial Overview
- 18.7.3 Product Portfolio
- 18.7.4 Recent Developments
- 18.8 Petronas
- 18.8.1 Company Snapshot
- 18.8.2 Financial Overview
- 18.8.3 Product Portfolio
- 18.8.4 Recent Developments
- 18.9 Fuchs Petrolub
- 18.9.1 Company Snapshot
- 18.9.2 Financial Overview
- 18.9.3 Product Portfolio
- 18.9.4 Recent Developments
- 18.10 Sinopec Lubricant Company
- 18.10.1 Company Snapshot
- 18.10.2 Financial Overview
- 18.10.3 Product Portfolio
- 18.10.4 Recent Developments
- SECTION 19 - RELATED REPORTS
- SECTION 20 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.