The Automotive Engine Oil Market size was valued at USD 45.87 Bn in 2023 and the total market revenue is expected to grow at a CAGR of 3.94% from 2024 to 2030, reaching nearly USD 60.12 Bn.
Automotive Engine Oil Market Overview:
The global Automotive Engine Oil Market is witnessing continual increase mainly due to the rising adoption of Automotive Engine Oil across industries. However, recently, applications of the evolving Automotive Engine Oil technology have risen drastically due to the Corona epidemic. Proponents of Automotive Engine Oil and digital manufacturing solutions are showcasing their potential as enablers of flexible supply chains, decentralizing worldwide production to respond to the disruption.
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Automotive Engine Oil Market Scope:
High-quality control for the steam turbine confirms the process remains stable with the high efficiency and increased reliability. Less than tolerable speed control often results in manual control or frequent operator interference in order to stunned speed fluctuations. Manual control hints to inefficient operation and it is also increasing the risk of machine and process trips.
The objective of the report is to present a comprehensive assessment of the global turbine control system market and contains considerate insights, facts, historical data, industry-validated market data and projections with appropriate set of traditions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global turbine control system market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Automotive Engine Oil Market – Segments
by Grade
Mineral
Semi-Synthetic
Fully-synthetic
by Engine Type
Gasoline
Diesel
Alternative Fuels
by Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy-Duty Vehicles
Motorcycle
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Global Automotive Engine Oil Market – Regional Analysis
The Asia Pacific stands as the foremost regional automotive engine oil market, driven by the increasing demand for the product in emerging markets such as Vietnam, India, and Thailand. The region's growth is further propelled by the delivery of high-quality performance and products adhering to stringent guidelines set by the American Petroleum Institute (API) and Society of Automotive Engineers (SAE). In contrast, many European nations are witnessing the rise of E-Mobility, marked by the emergence of battery-driven Electric Vehicles.
Additionally, a synthetic alternative, offering an extended cycle of fuel transformation, is widely adopted in the region. This has led to a notable decline in demand, consequently impacting the overall market in the region. Brazil plays a pivotal role as the primary car exporter to Columbia and Argentina in the South American region, with over half of the German patented cars in the Columbian market being manufactured in Brazil. Unlike the U.S.A., vehicles powered by diesel engines and alternative fuels are scarce in Latin America, where the automobile sector is predominantly fuelled by ethanol and gasoline-powered vehicles.
Automotive Engine Oil Market – Competitive Analysis
The objective of the report is to present a comprehensive assessment of the global turbine control system market and contains considerate insights, facts, historical data, industry-validated market data and projections with appropriate set of traditions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global turbine control system market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Automotive Engine Oil Market Key Players: The key players are:
North America market Key players:
1. ExxonMobil - United States
2. Amsoil Inc - United States
3. Chevron Corporation - United States
4. Pennzoil - United States
5. Equilon Enterprises - United States
6. Valvoline - United States
Europe market Key players:
1. Motul - France
2. Royal Dutch Shell - United Kingdom
3. Total S.A. - France
4. Fuchs Group – Germany
5. CASTROL LIMITED - United Kingdom
6. Oryx Energies SA - Switzerland
7. KenolKobil Ltd. - Kenya
8. Repsol S.A. - Spain
9. Gulf Oil International - United Kingdom
10. Lukoil - Russia
11. Pertamina - Indonesia
12. PTT Public Company Limited - Thailand
13. ENI S.p.A. - Italy
14. Neste Corporation - Finland
APAC market Key players:
1. Petroliam Nasional Berhad - Malaysia
2. Petronas Lubricant International Sdn Bhd - Malaysia
3. Sinopec - China
4. Idemitsu Kosan Co., Ltd - Japan
5. JXTG Nippon Oil & Energy Corporation - Japan
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Key Questions Answered in the Automotive Engine Oil Market Report are:
Which sub-segment had the largest share in the Automotive Engine Oil Market?
How is the competitive landscape of the Automotive Engine Oil Market in 2023?
Which are the key drivers impacting the Automotive Engine Oil Market growth?
Which region holds the maximum share in the Automotive Engine Oil Market?
What will be the CAGR of the Automotive Engine Oil Market during the forecast period (2023–2029)?
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