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Automotive Engine Oil Market Drivers, and Restraints: Analysis and Forecast by 2029.

Submitted by Simran4you on Mon, 06/26/2023 - 08:54

Data Bridge Market Research has unveiled a new report called "Automotive Engine Oil Market" which provides an in-depth exploration of growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and the competitive landscape. The "Automotive Engine Oil Market" marketing report offers an in-depth investigation of the market driving factors, opportunities, restraints, and challenges for obtaining crucial insight of the market. Such a brilliant report has been prepared by a team of enthusiastic analysts, skilled researchers, and experienced forecasters who work meticulously for the same. The wide-ranging market research report presents intelligent solutions to versatile business challenges and instigates an effortless decision-making process.

Automotive engine oil prevents oxidation and rusting in metallic materials. The automotive engine oil market was valued at USD 37.80 billion in 2021 and is expected to reach USD 58.11 billion by 2029, registering a CAGR of 5.30% during the forecast period of 2022-2029. “Passenger Cars” accounts for the largest vehicle type segment in the respective market owing to the high consumer preference for economic vehicles. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

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Market Definition:

Automotive engine oil is used in the transmission chamber and engine of the vehicle to curtail the friction between the components of the engine assembly and transmission. The marginal function of the engine oil is to prolong the temperature of the engine chamber and prevent the rusting of engine parts because of oxidation. These oils are derived from petroleum that is further processed to enhance the quality of the engine oil.

Some of the major players operating in the automotive engine oil market are

Motul (France)
Petroliam Nasional Berhad (Malaysia)
ExxonMobil (US)
Royal Dutch Shell (UK)
Total S.A. (France)
Fuchs Group (Germany)
Petronas Lubricant International Sdn Bhd (Malaysia)
Amsoil Inc (US)
Chevron Corporation (US)
Oryx Energies SA (Switzerland)
KenolKobil Ltd. (Kenya)
Sinopec (China)
Pennzoil (US)
Equilon Enterprises (US)
Lukoil and Idemitsu Kosan Co.,Ltd (Japan)

Global Automotive Engine Oil Market Scope

The automotive engine oil market is segmented on the basis of type, sales channel, engine type, vehicle type and grade. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Conventional Engine Oil
Synthetic Engine Oil
Synthetic Blend Oil
High-Mileage Engine Oil

Sales Channel

Engine Type
Alternative Fuel

Vehicle Type
Passenger Cars


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Automotive Engine Oil Market Regional Analysis/Insights

The automotive engine oil market is analyzed and market size insights and trends are provided by country, type, sales channel, engine type, vehicle type and grade.

The countries covered in the automotive engine oil market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific (APAC) dominates the automotive engine oil market because of the rise in product demand from developing economies and enhanced product quality and performance due to stringent regulations within the region.

Europe is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increased consumer awareness in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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