Albany, NY -- (SBWIRE) -- 12/22/2016 -- About Engine Oil in Passenger Cars

Engine oil in passenger cars is used to reduce friction and wear and tear of the connecting rods and moving engine crankshaft, bearings, and pistons. Engine oil serves as an effective coolant as it prevents the formation of rust and corrosion. Synthetic engine oils are now being widely accepted as the standard engine oil by OEMs due to better compatibility with the environment as well as technical benefits over conventional mineral oil engine oils.

Technavios analysts forecast the global aftermarket for engine oil in passenger cars to grow at a CAGR of 3.21% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global aftermarket for engine oil in passenger cars for 2016-2020. To calculate the market size, the report considers the number of parc vehicles, average engine oil capacity of the vehicles, and average distance required for changing engine oil in cars in different regions.

The market is divided into the following segments based on geography:

Americas
APAC
Europe

Technavio's report, Global Aftermarket for Engine Oil in Passenger Cars 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
Shell
ExxonMobil
British Petroleum

Other prominent vendors
Castrol
Gulf Oil
Motorcraft
Valvoline
Market driver
Rise in number of parc vehicles
For a full, detailed list, view our report

Market challenge
Increased focus on downsizing of engines
For a full, detailed list, view our report

Market trend
Growing use of synthetic oils in APAC
For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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