Automotive Engine Oil Market Growth, Size, Trends, Demand, Revenue and Future Opportunities 2033

Global Automotive Engine Oil Market Size- By Type, By Sales Channel, By Engine Type, By Vehicle Type, By Grade- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Global Automotive Engine Oil Market Size- By Type, By Sales Channel, By Engine Type, By Vehicle Type, By Grade- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Nov 2022 Report ID: AMIN2202 Pages: 1 - 256 Formats*:     
Category : Automotive & Transportation
Automotive Engine Oil Market Introduction and Overview 

According to SPER Market Research, the Global Automotive Engine Oil Market is estimated to reach USD 56.50 billion by 2033 with a CAGR of 3.09%.

The report includes an in-depth analysis of the Global Automotive Engine Oil Market, including market size and trends, product mix, applications, and supplier analysis.Crude oil is converted into automotive engine oils through a laborious refining process. In addition, a few procedures called refining, synthesis, distillation, and cracking are used to create a variety of basic oils that are then used to make engine oils. These compounds are intended for use with passenger cars, outboard motors, tractors, marine engines, light, medium, and heavy commercial vehicles, and commercial automobiles. In addition, car engine oil keeps moving automotive components apart and lubricates the mechanical parts of the engine, extending the life of the engine and vehicle motors while also minimizing wear and tear.

  • October 2022: The new engine oil Valvoline All Fleet Turbo Plus (Haulage Expert), from Valvoline Cummins Private Limited, is designed for heavy-duty high-HP tractor use on the road and other related agricultural applications. Through innovation, the company has expanded the range of products it offers. 
  • September 2022: Chevron said that its expansion project at its Singapore Manufacturing Plant (SMP) was completed. Most of the parts used in additive packages are made by the firm.
  • March 2021: By introducing the new Shell Helix Ultra Hybrid oil for Maserati hybrid engines, which offers excellent protection and long-lasting performance, Shell and Maserati expanded their technological and commercial relationship.
Automotive Engine Oil Market
Market Opportunities and Challenges

The market for automobile oil is primarily impacted by the growing demand for conventional oil because it is less expensive than contemporary lubricants. Synthetic automotive lubricants are very popular because of their excellent performance and durable protection.

Important Factors Increasing Automotive Oil Sales: Vehicle production, including medium, light, and heavy vehicles as well as passenger cars, is driving up automotive oil sales. The need for energy-efficient lubricants is rising, which is helping the automobile oil business generate more income. booming government and private sector investment. The high expenses of producing and constructing automobile engines, along with the availability of inexpensive engine oil alternatives, are obstacles that the automotive engine oil market must overcome and are predicted to impede its expansion. Moreover, the growing societal inclination towards electric vehicles, which do not depend on conventional engines, presents a significant obstacle to the industry during the projected time.
Automotive Engine Oil Market


Market Competitive Landscape
The automobile engine oil market is characterized by a concentrated competitive environment, wherein the top 10 firms hold a majority of the global market revenue. Major market participants have committed significant resources to the creation and research of many motor oil products. The market leaders' growth strategies include a diverse product range, enhanced operational efficiency, and innovative and safe technology development for engine oil application. Castrol, Chevron Corporation, ExxonMobil Corporation, Fuchs Petrolub SE, HINDUJA GROUP, Pentagon Lubricants Private Limited, RelaDyne, Royal Dutch Shell plc, Total S.A., Valvoline, Inc. are some of the major companies involved in the global automotive engine oil market.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Type, By Sales Channel, By Engine Type, By Vehicle Type, By Grade.
 Regions covered
North America, Asia-Pacific, Latin America, Middle East & Africa and Europe

 Companies CoveredCastrol, Chevron Corporation, ExxonMobil Corporation, Fuchs Petrolub SE, HINDUJA GROUP, Pentagon Lubricants Private Limited, RelaDyne, Royal Dutch Shell plc, Total S.A., Valvoline, Inc. 
COVID-19 Impact on Global Automotive Engine Oil Market
The COVID-19 pandemic caused a significant disruption to the worldwide automotive supply chain, as motor vehicle production and sales abruptly stopped in most areas. Global auto manufacturing output was negatively impacted by these work stoppages. Due to its application in enhancing engine efficiency and lowering emissions, the automotive sector directly impacts the market for engine oil. On the other hand, following the relaxation of restrictions in the second half of 2021, the market is anticipated to develop steadily due to increasing automobile activity and a subsequent market recovery.

Key Target Audience:
  • Lubricant Manufacturers and Suppliers
  • Oil and Gas Companies, 
  • Investors and Financial Analyst.
Our in-depth analysis of the Automotive Engine Oil Market includes the following segments:
By Type:
  • Conventional Engine Oil
  • High-Mileage Engine Oil
  • Synthetic Blend Oil
  • Synthetic Engine Oil
  • By Sales Channel:
  • Aftermarket
  • OEM
  • By Engine Type:
  • Alternative Fuel
  • Diesel
  • Gasoline
  • By Vehicle Type:
  • LCVs
  • Motorcycles
  • Passenger Cars
  • By Grade:
  • Mineral
  • Semi-Synthetic
  • Synthetic
  • Key Topics Covered in the Report:
    • Global Automotive Engine Oil Market Size (FY’2023-FY’2033)
    • Overview of Global Automotive Engine Oil Market.
    • Segmentation of Global Automotive Engine Oil Market By Type (Conventional Engine Oil, High-Mileage Engine Oil, Synthetic Blend Oil, Synthetic Engine Oil).
    • Segmentation of Global Automotive Engine Oil Market By Sales Channel (Aftermarket, OEM).
    • Segmentation of Global Automotive Engine Oil Market By Engine Type (Alternative Fuel, Diesel, Gasoline).
    • Segmentation of Global Automotive Engine Oil Market By Vehicle Type (LCVs, Motorcycles, Passenger Cars).
    • Segmentation of Global Automotive Engine Oil Market By Grade (Mineral, Semi-Synthetic, Synthetic).
    • Statistical Snap of Global Automotive Engine Oil Market
    • Expansion Analysis of Global Automotive Engine Oil Market
    • Problems and Obstacles in Global Automotive Engine Oil Market 
    • Competitive Landscape in the Global Automotive Engine Oil Market 
    • Impact of COVID-19 and Demonetization on Global Automotive Engine Oil Market
    •  Details on Current Investment in Global Automotive Engine Oil Market 
    • Competitive Analysis of Global Automotive Engine Oil Market 
    • Prominent Players in the Global Automotive Engine Oil Market 
    • SWOT Analysis of Global Automotive Engine Oil Market 
    • Global Automotive Engine Oil Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts on the Global Automotive Engine Oil Market 

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Automotive Engine Oil Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Engine Oil Market 

    7. Global Automotive Engine Oil Market, By Type (USD Million)
    7.1. Global Automotive Engine Oil Market Value Share and Forecast, By Type, 2023-2033
    7.2.  Conventional Engine Oil
    7.3.  High-Mileage Engine Oil
    7.4.  Synthetic Blend Oil
    7.5.  Synthetic Engine Oil 

    8. Global Automotive Engine Oil Market, By Sales Channel (USD Million)
    8.1. Global Automotive Engine Oil Market Value Share and Forecast, By Sales Channel, 2023-2033
    8.2.  Aftermarket
    8.3.  OEM

    9. Global Automotive Engine Oil Market, By Engine Type (USD Million)
    9.1.  Global Automotive Engine Oil Market Value Share and Forecast, By Engine Type, 2023-2033
    9.2.  Alternative Fuel
    9.3.  Diesel 
    9.4.  Gasoline

    10. Global Automotive Engine Oil Market, By Vehicle Type (USD Million)
    10.1. Global Automotive Engine Oil Market Value Share and Forecast, By Vehicle Type, 2023-2033
    10.2. LCVs
    10.3. Motorcycles
    10.4. Passenger Cars

    11. Global Automotive Engine Oil Market, By Grade (USD Million)
    11.1. Global Automotive Engine Oil Market Value Share and Forecast, By Grade, 2023-2033
    11.2. Mineral 
    11.3. Semi-Synthetic
    11.4. Synthetic

    12. Global Automotive Engine Oil Market Forecast, 2019-2033 (USD Million)
    12.1. Global Automotive Engine Oil Market Size and Market Share

    13. Global Automotive Engine Oil Market, By Type 2019-2033 (USD Million)
    13.1. Global Automotive Engine Oil Market Size and Market Share by Type (2019-2026)
    13.2. Global Automotive Engine Oil Market Size and Market Share by Type (2027-2033)

    14. Global Automotive Engine Oil Market, By Sales Channel, 2019-2033 (USD Million)
    14.1. Global Automotive Engine Oil Market Size and Market Share by Sales Channel (2019-2026)
    14.2. Global Automotive Engine Oil Market Size and Market Share by Sales Channel (2027-2033)

    15. Global Automotive Engine Oil Market, By Engine Type, 2019-2033 (USD Million)
    15.1. Global Automotive Engine Oil Market Size and Market Share by Engine Type (2019-2026)
    15.2. Global Automotive Engine Oil Market Size and Market Share by Engine Type (2027-2033)

    16. Global Automotive Engine Oil Market, By Vehicle Type, 2019-2033 (USD Million)
    16.1. Global Automotive Engine Oil Market Size and Market Share by Vehicle Type (2019-2026)
    16.2. Global Automotive Engine Oil Market Size and Market Share by Vehicle Type (2027-2033)

    17. Global Automotive Engine Oil Market, By Grade, 2019-2033 (USD Million)
    17.1. Global Automotive Engine Oil Market Size and Market Share by Grade (2019-2026)
    17.2. Global Automotive Engine Oil Market Size and Market Share by Grade (2027-2033)

    18. Global Automotive Engine Oil Market, By Region, 2019-2033 (USD Million)
    18.1. Global Automotive Engine Oil Market Size and Market Share by Region (2019-2026)
    18.2. Global Automotive Engine Oil Market Size and Market Share by Region (2027-2033) 
    18.3. Asia-Pacific
    18.3.1. Australia
    18.3.2. China
    18.3.3. India
    18.3.4. Japan
    18.3.5. South Korea
    18.3.6. Rest of Asia-Pacific
    18.4. Europe
    18.4.1. France
    18.4.2. Germany
    18.4.3. Italy
    18.4.4. Spain
    18.4.5. United Kingdom
    18.4.6. Rest of Europe
    18.5. Middle East and Africa
    18.5.1. Kingdom of Saudi Arabia 
    18.5.2. United Arab Emirates
    18.5.3. Rest of Middle East & Africa
    18.6. North America
    18.6.1. Canada
    18.6.2. Mexico
    18.6.3. United States
    18.7. Latin America
    18.7.1. Argentina
    18.7.2. Brazil
    18.7.3. Rest of Latin America 

    19. Company Profile
    19.1. Castrol
    19.1.1. Company details
    19.1.2. Financial outlook
    19.1.3. Product summary 
    19.1.4. Recent developments
    19.2. Chevron Corporation
    19.2.1. Company details
    19.2.2. Financial outlook
    19.2.3. Product summary 
    19.2.4. Recent developments
    19.3. ExxonMobil Corporation
    19.3.1. Company details
    19.3.2. Financial outlook
    19.3.3. Product summary 
    19.3.4. Recent developments
    19.4. Fuchs Petrolub SE 
    19.4.1. Company details
    19.4.2. Financial outlook
    19.4.3. Product summary 
    19.4.4. Recent developments
    19.5. HINDUJA GROUP
    19.5.1. Company details
    19.5.2. Financial outlook
    19.5.3. Product summary 
    19.5.4. Recent developments
    19.6. Pentagon Lubricants Private Limited 
    19.6.1. Company details
    19.6.2. Financial outlook
    19.6.3. Product summary 
    19.6.4. Recent developments
    19.7. RelaDyne
    19.7.1. Company details
    19.7.2. Financial outlook
    19.7.3. Product summary 
    19.7.4. Recent developments
    19.8. Royal Dutch Shell plc
    19.8.1. Company details
    19.8.2. Financial outlook
    19.8.3. Product summary 
    19.8.4. Recent developments
    19.9. Total S.A.
    19.9.1. Company details
    19.9.2. Financial outlook
    19.9.3. Product summary 
    19.9.4. Recent developments
    19.10. Valvoline, Inc
    19.10.1. Company details
    19.10.2. Financial outlook
    19.10.3. Product summary 
    19.10.4. Recent developments
    19.11. Others 
     
    20. List of Abbreviations

    21. Reference Links

    22. Conclusion

    23. Research Scope


    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    You can get the sample pages by clicking the link - Click Here
    The Engine Oil Market size is USD 56.50 billion from 2022 to 2030.
    The Engine Oil Market segment is Covered By Sale Channel, By Type, By Engine Type, By Vehicle Type, By Oil Type, By End User.
    The North America region is anticipated to have the highest market share in the Engine Oil Market.
    The key players in the market include Bharat Petroleum Corp. Limited, Castrol Ltd., Chevron Corp., China Petrochemical Corp., Eni S.P.A, Exxon Mobil Corp., FUCHS PETROLUB SE, Gazpromneft - Lubricants Ltd., GS Caltex Corp., Gulf Oil International Ltd., Hindustan Petroleum Corp. Ltd., Idemitsu Kosan Co., Ltd., Indian Oil Corp. Ltd., Kuwait Dana Lubes Company, Liqui Moly, MOTUL SA, Pennzoil, Petro Canada Lubricants Inc., Petroleum Nasional Berhad, Phillips 66, Ravensberger Schmierstoffvertrieb GmbH, Repsol, Royal Dutch Shell PLC, Shell PLC, SINOPEC, Total Energies, Valvoline Inc.
    The market has been boosted by increased demand for passenger cars, commercial vehicles, and the fast-growing transportation sector in developing countries.
    The Engine Oil Market is projected to reach USD 56.50 billion by 2030, growing at a CAGR of 3.09% during the forecast period.
    The Engine Oil Market grew in market size from 2021. The Market is expected to reach USD 56.50 billion by 2030, at a CAGR of 3.09% during the forecast period.
    The Engine Oil Market CAGR of 3.09% during the forecast period.
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