全球机油市场报告：趋势、预测和竞争分析（至 2031 年）

全球机油市场前景看好，乘用车、轻型商用车、重型商用车和两轮车市场都机会。预计到 2031 年全球机油市场规模将达到 496 亿美元，2025-2031 年期间的复合年增长率为 2.6%。该市场的主要驱动力是新兴市场的汽车销售成长、人们对节能汽车的兴趣日益浓厚以及高性能润滑油的不断发展。

• Lucintel 表示，根据等级，全合成部分预计将在预测期内经历最高增长，因为它具有稳定性提高、劣化减少和沈积物减少等优势。
• 根据车辆类型，重型商用车预计在预测期内将出现最高成长。
• 根据地区来看，预计亚太地区将在预测期内实现最高成长。

机油市场的策略成长机会

机油市场在各种应用领域都呈现多种策略成长机会。这些机会反映了汽车行业不断变化的需求和技术的进步。

• 新兴市场扩张：印度、中国等新兴市场的汽车销售成长为机油公司带来了巨大的机会。扩大分销网络和本地生产将帮助我们满足这一日益增长的需求。
• 合成油创新：开发新型合成油配方为满足高性能和豪华车辆的需求提供了机会。该领域的创新将带来市场占有率的增加和溢价的提升。
• 关注电动车润滑油：随着电动车越来越普及，它们需要专门的润滑油。开发符合电动车特定要求的引擎机油代表着一个成长机会。
• 与汽车製造商合作：与汽车製造商合作开发OEM核准的机油有助于推动成长。此类伙伴关係将提高OEM领域的知名度和市场渗透率。
• 投资研发：投资研发以开发性能和环境性能更佳的先进机油是一种竞争优势。这包括开发符合严格排放标准并提供增强保护的油品。

这些策略性成长机会正在重塑机油市场，重点关注创新、新兴市场和新汽车技术。利用这些机会的公司将能够扩大其市场占有率并推动未来成长。

机油市场的驱动因素与挑战

机油市场受到各种技术、经济和监管因素的影响。了解这些市场驱动因素和挑战对于有效驾驭市场至关重要。

机油市场受以下因素驱动：

• 技术进步：机油配方和添加剂技术的创新正在推动市场成长。这些进步提高了引擎的性能、燃油经济性和使用寿命。
• 车辆持有不断增加：全球车辆持有的不断增加正在推动对机油的需求。随着越来越多的车辆需要维护，对高品质机油的需求也随之增加。
• 严格的排放法规：旨在减少车辆排放气体的法规正在推动先进机油的发展。这些油有助于满足新的环境标准并提高燃油经济性。
• 售后市场需求不断增长：机油售后市场的成长是由车辆维护和更换需求的不断增长所推动的。该领域存在成长和创新的机会。
• 提高对油品品质的认识：消费者对高品质机油益处的认识不断提高，推动了需求的成长。这种意识体现在对油的性能和寿命的重视。

机油市场面临的挑战包括：

• 原物料价格波动：机油生产所用原物料价格的波动会影响盈利。公司需要有效地管理这些成本波动。
• 监管合规成本：满足严格的环境和性能法规可能会增加合规成本。这将影响机油製造商的定价和盈利。
• 替代品的竞争：替代润滑剂和技术（如生物基油）的存在带来了挑战。公司需要使其产品差异化以保持竞争力。
• 消费者偏好的改变：消费者对环保、高性能油的偏好的改变需要持续创新。跟上这些变化对于传统石油製造商来说是一个挑战。

机油市场的关键驱动因素和挑战凸显了技术创新、成本控制和法规遵循的必要性。有效解决这些因素将是实现该行业持续成长和竞争的关键。

目录

第一章执行摘要

第二章全球机油市场：市场动态

• 简介、背景和分类
• 供应链
• 产业驱动力与挑战

第三章市场趋势与预测分析（2019-2031）

• 宏观经济趋势（2019-2024）及预测（2025-2031）
• 全球机油市场趋势（2019-2024年）及预测（2025-2031年）
• 全球机油市场（按等级）
  • 矿物
  • 半合成
  • 全合成
• 全球机油市场（按引擎类型划分）
  • 汽油
  • 柴油引擎
• 全球机油市场（按车型）
  • 搭乘用车
  • 轻型商用车
  • 重型商用车
  • 摩托车
• 全球机油市场依销售管道
  • OEM
  • 售后市场

第四章。各地区市场趋势及预测分析（2019-2031）

• 全球机油市场（按地区）
• 北美机油市场
• 欧洲机油市场
• 亚太机油市场
• 世界其他地区机油市场

第五章 竞争分析

• 产品系列分析
• 营运整合
• 波特五力分析

第六章 成长机会与策略分析

• 成长机会分析
  • 全球机油市场按等级分類的成长机会
  • 全球机油市场成长机会（按引擎类型）
  • 全球机油市场成长机会（按车型）
  • 全球机油市场按销售管道分類的成长机会
  • 全球机油市场各区域成长机会
• 全球机油市场的新趋势
• 战略分析
  • 新产品开发
  • 全球机油市场产能扩张
  • 全球机油市场的併购和合资企业
  • 认证和许可

第七章主要企业简介

• BP
• Saudi Arabian Oil
• Vip Oil Products
• Shell
• Ashland
• Adolf Wurth
• Jiangsu Lopal Tech.
• GS Caltex India
• Chevron Corporation
• Castrol Limited

The future of the global engine oil market looks promising with opportunities in the passenger car, light commercial vehicle, heavy commercial vehicle, and two wheeler markets. The global engine oil market is expected to reach an estimated $49.6 billion by 2031 with a CAGR of 2.6% from 2025 to 2031. The major drivers for this market are a rise in vehicle sales in developing nations, increasing interest in high-mileage automobiles, and growing development to create high-performance lubricants.

• Lucintel forecasts that, within the grade category, fully-synthetic segment is expected to witness the highest growth over the forecast period due to its advantages like improved stability, decreased deterioration, and decreased deposits.
• Within the vehicle type category, heavy commercial vehicle is expected to witness the highest growth over the forecast period.
• In terms of regions, APAC is expected to witness the highest growth over the forecast period.

Gain valuable insights for your business decisions with our comprehensive 150+ page report.

Emerging Trends in the Engine Oil Market

The engine oil market is shaped by several emerging trends that reflect technological advancements and changing consumer demands. These trends are pivotal in shaping the future of engine oils.

• Shift to Synthetic Oils: The increasing use of synthetic oils is driven by their superior performance and longer lifespan compared to conventional oils. They provide better engine protection and fuel efficiency, catering to modern high-performance engines.
• Eco-Friendly Formulations: There's a growing emphasis on eco-friendly engine oils that reduce environmental impact. These oils are formulated to meet stricter emission standards and improve the overall sustainability of automotive operations.
• Integration of Advanced Additives: New additive technologies are being developed to enhance engine performance and protect against wear, oxidation, and sludge formation. These additives improve the overall efficiency and longevity of engine oils.
• Increased Focus on Fuel Economy: Engine oils are being formulated to improve fuel efficiency, responding to rising fuel prices and environmental regulations. This trend aligns with global efforts to reduce carbon emissions and operational costs.
• Technological Innovations in Oil Testing: Advances in oil testing technologies are allowing for better monitoring and analysis of oil performance. This helps in optimizing oil formulations and ensuring that they meet evolving industry standards.

These trends are reshaping the engine oil market by driving innovation, enhancing environmental sustainability, and improving performance. As the industry adapts to these changes, it is poised to meet the evolving needs of modern automotive engines.

Recent Developments in the Engine Oil Market

Recent developments in the engine oil market highlight key advancements that are influencing industry dynamics. These developments reflect broader trends in technology, regulation, and consumer preferences.

• Adoption of Low-Viscosity Oils: The industry is shifting towards low-viscosity engine oils to improve fuel efficiency and reduce emissions. These oils offer better flow characteristics at low temperatures and improved protection at high temperatures.
• Enhanced API Standards: The introduction of new American Petroleum Institute (API) standards is driving improvements in engine oil formulations. These standards ensure better performance, protection, and compatibility with advanced engine technologies.
• Growth in Aftermarket Sales: The aftermarket segment for engine oils is expanding due to increased vehicle ownership and maintenance awareness. This growth is driven by a rising preference for premium and specialty engine oils.
• Development of High-Mileage Oils: Engine oils designed for high-mileage vehicles are gaining popularity. These oils are formulated to address issues such as oil consumption and engine wear, catering to the needs of older vehicles.
• Expansion of Regional Manufacturing: Companies are increasing their manufacturing capabilities in emerging markets to meet local demand. This includes setting up production facilities and distribution networks to cater to regional needs.

These developments are influencing the engine oil market by driving technological advancements, improving performance standards, and expanding market reach. The ongoing changes are shaping a more efficient and diverse engine oil industry.

Strategic Growth Opportunities for Engine Oil Market

The engine oil market presents several strategic growth opportunities across various applications. These opportunities reflect the evolving needs of the automotive industry and advancements in technology.

• Expansion in Emerging Markets: Growing automotive sales in emerging markets like India and China offer significant opportunities for engine oil companies. Expanding distribution networks and local production can capture this growing demand.
• Innovation in Synthetic Oils: Developing new formulations of synthetic oils provides an opportunity to cater to high-performance and luxury vehicles. Innovations in this segment can lead to increased market share and premium pricing.
• Focus on Electric Vehicle Lubricants: As electric vehicles become more prevalent, there is a need for specialized lubricants. Developing engine oils that cater to the unique requirements of electric vehicles presents a growth opportunity.
• Partnerships with Auto Manufacturers: Collaborating with automotive manufacturers to develop OEM-approved engine oils can drive growth. These partnerships can lead to increased visibility and market penetration in the original equipment segment.
• Investment in R&D: Investing in research and development to create advanced engine oils with improved performance and environmental benefits can lead to competitive advantages. This includes developing oils that meet stringent emission standards and offer enhanced protection.

These strategic growth opportunities are reshaping the engine oil market by focusing on innovation, emerging markets, and new vehicle technologies. Companies that leverage these opportunities can enhance their market presence and drive future growth.

Engine Oil Market Driver and Challenges

The engine oil market is influenced by various technological, economic, and regulatory factors. Understanding these drivers and challenges is crucial for navigating the market effectively.

The factors responsible for driving the engine oil market include:

• Technological Advancements: Innovations in engine oil formulations and additive technologies are driving market growth. These advancements improve engine performance, fuel efficiency, and longevity.
• Increasing Vehicle Ownership: Rising global vehicle ownership is boosting the demand for engine oils. As more vehicles require maintenance, the need for high-quality engine oils grows.
• Stringent Emission Regulations: Regulations aimed at reducing vehicle emissions are pushing the development of advanced engine oils. These oils help meet new environmental standards and improve fuel efficiency.
• Growing Aftermarket Demand: The expansion of the aftermarket segment for engine oils is driven by increased vehicle maintenance and replacement needs. This segment offers opportunities for growth and innovation.
• Rising Awareness of Oil Quality: Increased consumer awareness about the benefits of high-quality engine oils is driving demand. This awareness leads to greater emphasis on oil performance and longevity.

Challenges in the engine oil market are:

• Volatile Raw Material Prices: Fluctuations in the prices of raw materials used in engine oil production can impact profitability. Companies need to manage these cost variations effectively.
• Regulatory Compliance Costs: Meeting stringent environmental and performance regulations can lead to increased compliance costs. This affects pricing and profitability for engine oil manufacturers.
• Competition from Substitutes: The presence of alternative lubricants and technologies, such as bio-based oils, poses a challenge. Companies need to differentiate their products to stay competitive.
• Changing Consumer Preferences: Evolving consumer preferences towards eco-friendly and high-performance oils requires continuous innovation. Adapting to these changes can be challenging for traditional oil manufacturers.

The major drivers and challenges in the engine oil market highlight the need for innovation, cost management, and regulatory compliance. Addressing these factors effectively will be key to achieving sustained growth and competitiveness in the industry.

List of Engine Oil Companies

Companies in the market compete based on product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies, engine oil companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the engine oil companies profiled in this report include-

• BP
• Saudi Arabian Oil
• Vip Oil Products
• Shell
• Ashland
• Adolf Wurth
• Jiangsu Lopal Tech.
• GS Caltex India
• Chevron Corporation
• Castrol Limited

Engine Oil by Segment

The study includes a forecast for the global engine oil market by grade, engine type, vehicle type, sales channel, and region.

Engine Oil Market by Grade [Analysis by Value from 2019 to 2031]:

• Mineral
• Semi-Synthetic
• Fully-Synthetic

Engine Oil Market by Engine Type [Analysis by Value from 2019 to 2031]:

• Gasoline
• Diesel

Engine Oil Market by Vehicle Type [Analysis by Value from 2019 to 2031]:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Two Wheelers

Engine Oil Market by Sales Channel [Analysis by Value from 2019 to 2031]:

• Original Equipment Manufacturers
• Aftermarket

Engine Oil Market by Region [Analysis by Value from 2019 to 2031]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Engine Oil Market

Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. The below image highlights recent developments by major engine oil producers in key regions: the USA, China, India, Japan, and Germany.

• United States: Recent developments include the introduction of more fuel-efficient and eco-friendly engine oils. Manufacturers are focusing on improving oil performance to meet stringent emission regulations and enhance engine longevity.
• China: In China, there's a growing shift towards synthetic and high-performance engine oils driven by increasing automotive sales and environmental regulations. Companies are investing in R&D to cater to the demand for advanced lubricants.
• Germany: Germany is seeing advancements in high-tech engine oils that offer better fuel efficiency and engine protection. The emphasis is on meeting the Euro 7 emissions standards and improving the performance of both conventional and electric vehicles.
• India: In India, the market is expanding with a focus on affordable, high-quality engine oils to cater to the rising number of vehicles. There is also an increase in awareness about the benefits of regular oil changes for engine maintenance.
• Japan: Japan is experiencing a shift towards more eco-friendly engine oils as part of its broader environmental initiatives. Innovations in low-viscosity and high-performance oils are prevalent, aligning with the country's focus on sustainability.

Features of the Global Engine Oil Market

Market Size Estimates: Engine oil market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.

Segmentation Analysis: Engine oil market size by various segments, such as by grade, engine type, vehicle type, sales channel, and region in terms of value ($B).

Regional Analysis: Engine oil market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different grades, engine types, vehicle types, sales channels, and regions for the engine oil market.

Strategic Analysis: This includes M&A, new product development, and the competitive landscape of the engine oil market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

If you are looking to expand your business in this market or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.

This report answers the following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the engine oil market by grade (mineral, semi-synthetic, and fully-synthetic), engine type (gasoline and diesel), vehicle type (passenger cars, light commercial vehicles, heavy commercial vehicles, and two wheelers), sales channel (original equipment manufacturers and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Engine Oil Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2019 to 2031

• 3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
• 3.2. Global Engine Oil Market Trends (2019-2024) and Forecast (2025-2031)
• 3.3: Global Engine Oil Market by Grade
  • 3.3.1: Mineral
  • 3.3.2: Semi-Synthetic
  • 3.3.3: Fully-Synthetic
• 3.4: Global Engine Oil Market by Engine Type
  • 3.4.1: Gasoline
  • 3.4.2: Diesel
• 3.5: Global Engine Oil Market by Vehicle Type
  • 3.5.1: Passenger Cars
  • 3.5.2: Light Commercial Vehicles
  • 3.5.3: Heavy Commercial Vehicles
  • 3.5.4: Two Wheelers
• 3.6: Global Engine Oil Market by Sales Channel
  • 3.6.1: Original Equipment Manufacturers
  • 3.6.2: Aftermarket

4. Market Trends and Forecast Analysis by Region from 2019 to 2031

• 4.1: Global Engine Oil Market by Region
• 4.2: North American Engine Oil Market
  • 4.2.1: North American Market by Grade: Mineral, Semi-Synthetic, and Fully-Synthetic
  • 4.2.2: North American Market by Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Two Wheelers
• 4.3: European Engine Oil Market
  • 4.3.1: European Market by Grade: Mineral, Semi-Synthetic, and Fully-Synthetic
  • 4.3.2: European Market by Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Two Wheelers
• 4.4: APAC Engine Oil Market
  • 4.4.1: APAC Market by Grade: Mineral, Semi-Synthetic, and Fully-Synthetic
  • 4.4.2: APAC Market by Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Two Wheelers
• 4.5: ROW Engine Oil Market
  • 4.5.1: ROW Market by Grade: Mineral, Semi-Synthetic, and Fully-Synthetic
  • 4.5.2: ROW Market by Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Two Wheelers

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Engine Oil Market by Grade
  • 6.1.2: Growth Opportunities for the Global Engine Oil Market by Engine Type
  • 6.1.3: Growth Opportunities for the Global Engine Oil Market by Vehicle Type
  • 6.1.4: Growth Opportunities for the Global Engine Oil Market by Sales Channel
  • 6.1.5: Growth Opportunities for the Global Engine Oil Market by Region
• 6.2: Emerging Trends in the Global Engine Oil Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Engine Oil Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Engine Oil Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: BP
• 7.2: Saudi Arabian Oil
• 7.3: Vip Oil Products
• 7.4: Shell
• 7.5: Ashland
• 7.6: Adolf Wurth
• 7.7: Jiangsu Lopal Tech.
• 7.8: GS Caltex India
• 7.9: Chevron Corporation
• 7.10: Castrol Limited