Global Automotive Lubricants Aftermarket Market : was valued at US$ Bn in 2019 and is expected to reach US$ Bn by 2027, at a CAGR of during a forecast period. The growth of end-user industries in key countries such as China, India, South Africa, Brazil and Iran is driving the growth of the lubricants market.
Global Automotive Lubricants Aftermarket Market Overview:
The competitive landscape of the Global Automotive Lubricants Aftermarket Market includes information about competitors. Among the areas covered are a firm overview, financials, revenue generated, market potential, R&D investment, new market efforts, geographical presence, business strengths and weaknesses, product introduction, and application dominance. The information that follows is only relevant to the organization's concentration on the Global Automotive Lubricants Aftermarket Market.
Market Scope:
Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
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Segmentation:
Global Automotive Lubricants Aftermarket Market, By Type
• Engine Oil
• Gear Oil
• Transmission Fluid
Based on the Type, Engine Oil is expected to hold the largest share in the market during the forecast period. Engine oils account for more than 95 percent of the total MCO market, with the balance consisting of products including fork oils, rear suspension oils, greases and chain oils. In the light vehicle segment, lubricants demand is dominated by engine oil, which accounts for the majority of automotive lubricants demand and for 21% of total lubricants demand. The engine oil segment dominated the construction lubricants market in terms of value. This dominance is mainly due to its high cost and frequent replacement in various construction equipment and off-road vehicles.
Global Automotive Lubricants Aftermarket Market, By Vehicle
• Passenger Vehicle
• Passenger Vehicle
Key Players:
• Royal Dutch Shell plc
• ExxonMobil Corporation
• BP p.l.c.
• Chevron Corporation
• Total S.A.
• Sinopec Corporation
• Fuchs Lubricants Co.
• LUKOIL Oil Company
• Valvoline
• Phillips 66
• JX Nippon Oil & Energy Corporation
• Repsol S.A.
• Petrobras
• Petronas
• Indian Oil Corporation Limited.
• Shell International B.V.
• Motul
• SK lubricants Co., Ltd.
• China National Petroleum Corporation
• Klüber Lubrication München SE & Co. KG
• Amsoil Inc
• Valvoline, Inc.
• JXTG Nippon Oil & Energy Corporation
• Chevron Corporation
Primary and secondary research are used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The following are the key players of the Global Automotive Lubricants Aftermarket Market-
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Regional Analysis:
Individual market influencing components and changes in market rules that impact present and future market trends are also explored in the research's geographical component. Downstream and upstream value chain analysis, technology trends, Porter's five forces analysis, and case studies are some of the elements utilized to anticipate market scenarios for various nations.
COVID-19 Impact Analysis on Global Automotive Lubricants Aftermarket Market: In addition, the paper evaluates the influence of COVID-19 on the Global Automotive Lubricants Aftermarket Market. The primary goal of this research is to assist users in understanding the market in terms of definition, segmentation, market potential, important trends, and challenges that the industry faces across major regions. The study presents a microeconomic and macroeconomic analysis of COVID-19's overall impact on the Global Automotive Lubricants Aftermarket Market. The analysis focuses on market share and size, clearly illustrating the impact of the pandemic on the global Global Automotive Lubricants Aftermarket Market in the next years.
Key Questions Answered in the Global Automotive Lubricants Aftermarket Market Report are:
What will be the Global Automotive Lubricants Aftermarket Market's CAGR throughout the projected period (2021-2027)?
Which market category emerged as the market leader in the Global Automotive Lubricants Aftermarket Market industry?
Who are the key players in the Global Automotive Lubricants Aftermarket Market?
What important trends in the Global Automotive Lubricants Aftermarket Market industry are anticipated to develop throughout the forecast period?
How big will the Global Automotive Lubricants Aftermarket Market be in 2027?
In 2020, which business segment had the highest proportion of the Global Automotive Lubricants Aftermarket Market?
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