Albany, NY -- (SBWIRE) -- 12/14/2016 -- Automotive lubricants are predominantly used to reduce friction and gain smooth functioning of a vehicle. Examples of automotive lubricant products are engine oil, gear oil, transmission fluid, greases, coolants, bearing oil, brake fluid, etc. Engine oil is estimated to expand at a significant rate during the forecast period due to increasing number of vehicles. Stringent environmental regulations on emissions across the globe is estimated to influence use of synthetic or bio-based lubricants over mineral oil based lubricants. Asia Pacific is likely to have a major share in consumption of automotive lubricants during the forecast period.

Global Automotive Lubricants Market: Scope of the Study

The report estimates and forecasts the automotive lubricants market on the global and regional levels. The study provides forecast between 2016 and 2024 based on volume (million tons / kilo tons) and revenue (US$ Bn / US$ Mn) with 2015 as the base year. The report comprises an exhaustive value chain analysis for each of the segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage.

The study includes drivers and restraints for the automotive lubricants market along with their impact on demand during the forecast period. It also provides key market indicators affecting the growth of the market.

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Further, the report analyzes opportunities in the automotive lubricants market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of automotive lubricants and global average price trend analysis.

Global Automotive Lubricants Market: Research Methodology

The report includes Porter's Five Forces Model to determine the degree of competition in the automotive lubricants market. The report comprises a qualitative write-up on market attractiveness analysis, wherein end-users and regions have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for automotive lubricants between 2016 and 2024.

Secondary research sources that were typically referred to include, but were not limited to, company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.

In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players' product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team's expertise and market understanding.

Global Automotive Lubricants Market: Segmentation

The study provides a comprehensive view of the automotive lubricants market by dividing it into product, base oil, vehicle type, distribution channel, and geography segments. The products have been segmented into engine oil, gear oil and transmission fluid. The base oils are segmented into mineral oil, synthetic oil and bio-based oil.

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Based on the vehicle type, the market is segmented into passenger car (PC), light-weight commercial vehicle (LCV) and heavy-weight commercial vehicle (HCV). The distribution channels are segmented into OEM and aftermarket. These segments have been analyzed based on historic, present, and future trends.

Regional segmentation includes the current and forecast consumption of automotive lubricants in North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). Market segmentation includes demand for consumption in all the regions individually.

Companies Mentioned in the Report

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include Royal Dutch Shell plc, ExxonMobil Corporation, BP p.l.c., Chevron Corporation and Others. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).

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