Engine Oil Market Trends, Demand and Future Outlook 2030

Engine Oil Market Size - By Sale Channel, By Type, By Engine Type, By Vehicle Type, By Oil Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecasts to 2030

Published: Nov 2022 Base Year: 2021 Report ID: AMIN2202
Available Format: Historical Data: 2019 - 2020 Number of Pages: 1 - 256
Category : Automotive Industry
Global Engine Oil Market Overview:

According to SPER Market Research, the Global Engine Oil Market is estimated to reach USD 48.66 billion by 2030 with a CAGR of 3.5%.

Engine oil's main function is to lubricate the moving elements of the engine to reduce friction and overheating. It also does several auxiliary tasks. It helps keep engine parts clean, cool, and keeps rust and corrosion from building up on the piston. The engine oil industry is evolving as a result of consumer desire for high-performing, high-quality oil that will improve fuel efficiency and engine performance. 
Examples of ongoing innovation and breakthroughs in satisfying various automotive requirements include extending the life of the engine, minimising carbon footprint, providing low-viscosity engine lubricants to enhance fuel efficiency, and meeting changing vehicle pollution criteria established by various government agencies. The market has been supported by the rising usage of passenger automobiles, commercial vehicles, and the rapidly expanding transportation sector in emerging nations.



Impact of COVID-19 on the Global Engine Oil Market  
Due to the severe lockdowns and social isolation implemented to stop the corona spread, the automobile engine oil business suffered. The market for vehicle engine oil was hurt by the lack of customer confidence, the partial company closure, and the uncertain economic climate. During the epidemic, the supply chain was impeded along with logistical operations. Due to the loosening of the limitations, the market for vehicle engine oil is anticipated to go up during the post-pandemic scenario.

Scope of the report:
 Report Metric Details
 Market size available for years 2019-2030
 Base year considered 2021
 Forecast period 2022-2030
 Segments coveredBy Sale Channel, By Type, By Engine Type, By Vehicle Type, By Oil Type, By End User
 Geographies coveredNorth America, Europe, Asia Pacific, Latin America, Middle East, Africa
 Companies CoveredBharat 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., Petroliam Nasional Berhad, Phillips 66, Ravensberger Schmierstoffvertrieb GmbH, Repsol, Royal Dutch Shell PLC, Shell PLC, SINOPEC, Total Energies, Valvoline Inc.

Global Engine Oil Market Segmentation:

By Sale Channel: Based on the Sale Channel, Global Engine Oil Market is segmented as; After Market, OEM.

By Type: Based on the Type, Global Engine Oil Market is segmented as; Conventional Engine Oil, High-Mileage Oil, Synthetic Blend Oil, Synthetic Engine Oil.

By Engine Type: Based on the Engine Type, Global Engine Oil Market is segmented as; Alternative Fuel, Diesel, Gasoline.

By Vehicle Type: Based on the Vehicle Type, Global Engine Oil Market is segmented as; Light Commercial Vehicles, Motorcycles, Passenger Cars.

By Oil Type: Based on the Oil Type, Global Engine Oil Market is segmented as; Fully-Synthetic, Mineral, Semi-Synthetic.

By End User: Based on the End User, Global Engine Oil Market is segmented as; Automotive and Transport, Heavy Equipment, Power generation.

By Region: Due to the biggest number of cars present in Asia, particularly in nations like China, India, Asia Pacific is the region with the fastest growth in the motor oil industry. Additionally, it is anticipated that China and India would have the most automobiles on the road and that India will have the largest two-wheeler market, all of which will contribute to the expansion of the market for automotive engine oil. In North America, the market is distinguished by significant government assistance for energy-efficient motor oil. Furthermore, it is anticipated that widespread knowledge among the local populace would maintain the market for synthetic motor oil active.

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 of the Global Engine Oil Market 

5. Market variables 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 analysis
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. Global Engine Oil Market, By Sale Channel, 2019-2030 (USD Million)
6.1. After Market
6.2. OEM

7. Global Engine Oil Market, By Type, 2019-2030 (USD Million)
7.1. Conventional Engine Oil
7.2. High-Mileage Oil
7.3. Synthetic Blend Oil 
7.4. Synthetic Engine Oil

8. Global Engine Oil Market, By Engine Type, 2019-2030 (USD Million)
8.1. Alternative Fuel
8.2. Diesel
8.3. Gasoline

9. Global Engine Oil Market, By Vehicle Type, 2019-2030 (USD Million)
9.1. Light Commercial Vehicles
9.2. Motorcycles
9.3. Passenger Cars

10. Global Engine Oil Market, By Oil Type 2019-2030 (USD Million)
10.1 Fully-Synthetic
10.2 Mineral
10.3 Semi-Synthetic

11. Global Engine Oil Market, By End User 2019-2030 (USD Million)
11.1 Automotive and Transport
11.2 Heavy Equipment
11.3 Power generation

12. Global Engine Oil Market, By Region, 2019-2030 (USD Million)
12.1 North America
12.1.1 United States
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 Germany
12.2.2 United Kingdom
12.2.3 France
12.2.4 Italy
12.2.5 Spain
12.2.6 Rest of Europe
12.3 Asia-Pacific
12.3.1 China
12.3.2 Japan
12.3.3 India
12.3.4 Australia
12.3.5 South Korea
12.3.6 Rest of Asia-Pacific
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Rest of South America
12.5 Middle East & Africa
12.5.1 Kingdom of Saudi Arabia 
12.5.2 United Arab Emirates
12.5.3 Rest of Middle East & Africa

13. Company Profiles
13.1 Bharat Petroleum Corp. Ltd.
13.1.1 Company details 
13.1.2 Financial outlook
13.1.3 Product summary 
13.1.4 Recent developments

13.2 Castrol Ltd.
13.2.1 Company details 
13.2.2 Financial outlook
13.2.3 Product summary 
13.2.4 Recent developments

13.3 Chevron Corp.
13.3.1 Company details 
13.3.2 Financial outlook
13.3.3 Product summary 
13.3.4 Recent developments

13.4 China Petrochemical Corp.
13.4.1 Company details 
13.4.2 Financial outlook
13.4.3 Product summary 
13.4.4 Recent developments

13.5 Eni S.P.A
13.5.1 Company details 
13.5.2 Financial outlook
13.5.3 Product summary 
13.5.4 Recent developments

13.6 Exxon Mobil Corp.
13.6.1 Company details 
13.6.2 Financial outlook
13.6.3 Product summary 
13.6.4 Recent developments

13.7 FUCHS PETROLUB SE
13.7.1 Company details 
13.7.2 Financial outlook
13.7.3 Product summary 
13.7.4 Recent developments

13.8 Gazpromneft – Lubricants Ltd.
13.8.1 Company details 
13.8.2 Financial outlook
13.8.3 Product summary 
13.8.4 Recent developments

13.9 GS Caltex Corp.
13.9.1 Company details 
13.9.2 Financial outlook
13.9.3 Product summary 
13.9.4 Recent developments

13.10 Gulf Oil International Ltd.
13.10.1 Company details 
13.10.2 Financial outlook
13.10.3 Product summary 
13.10.4 Recent developments

13.11 Hindustan Petroleum Corp. Ltd.
13.11.1 Company details 
13.11.2 Financial outlook
13.11.3 Product summary 
13.11.4 Recent developments

13.12 Idemitsu Kosan Co. Ltd.
13.12.1 Company details 
13.12.2 Financial outlook
13.12.3 Product summary 
13.12.4 Recent developments

13.13 Indian Oil Corp. Ltd.
13.13.1 Company details 
13.13.2 Financial outlook
13.13.3 Product summary 
13.13.4 Recent developments

13.14 Kuwait Dana Lubes Company
13.14.1 Company details 
13.14.2 Financial outlook
13.14.3 Product summary 
13.14.4 Recent developments

13.15 Liqui Moly
13.15.1 Company details 
13.15.2 Financial outlook
13.15.3 Product summary 
13.15.4 Recent developments

13.16 MOTUL SA
13.16.1 Company details 
13.16.2 Financial outlook
13.16.3 Product summary 
13.16.4 Recent developments

13.17 Pennzoil
13.17.1 Company details 
13.17.2 Financial outlook
13.17.3 Product summary 
13.17.4 Recent developments

13.18 Petro Canada Lubricants Inc.
13.18.1 Company details 
13.18.2 Financial outlook
13.18.3 Product summary 
13.18.4 Recent developments

13.19 Petroliam Nasional Berhad
13.19.1 Company details 
13.19.2 Financial outlook
13.19.3 Product summary 
13.19.4 Recent developments

13.20 Phillips 66
13.20.1 Company details 
13.20.2 Financial outlook
13.20.3 Product summary 
13.20.4 Recent developments

13.21 Ravensberger Schmierstoffvertrieb GmbH 
13.21.1 Company details 
13.21.2 Financial outlook
13.21.3 Product summary 
13.21.4 Recent developments

13.22 Repsol
13.22.1 Company details 
13.22.2 Financial outlook
13.22.3 Product summary 
13.22.4 Recent developments

13.23 Royal Dutch Shell PLC
13.23.1 Company details 
13.23.2 Financial outlook
13.23.3 Product summary 
13.23.4 Recent developments

13.24 Shell PLC
13.24.1 Company details 
13.24.2 Financial outlook
13.24.3 Product summary 
13.24.4 Recent developments

13.25 SINOPEC
13.25.1 Company details 
13.25.2 Financial outlook
13.25.3 Product summary 
13.25.4 Recent developments

13.26 Total Energies
13.26.1 Company details 
13.26.2 Financial outlook
13.26.3 Product summary 
13.26.4 Recent developments

13.27 Valvoline Inc.
13.27.1 Company details 
13.27.2 Financial outlook
13.27.3 Product summary 
13.27.4 Recent developments

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.

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Frequently Asked Questions About This Report
The Engine Oil Market CAGR of 3.5% during the forecast period.
You can get the sample pages by clicking the link - Click Here
The Engine Oil Market size is USD 48.66 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 Engine Oil Market is projected to reach USD 48.66 billion by 2030, growing at a CAGR of 3.5% during the forecast period.
The Engine Oil Market grew in market size from 2021. The Market is expected to reach USD 48.66 billion by 2030, at a CAGR of 3.5% during the forecast period.
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.
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