市场调查报告书
商品编码
1509681
汽车用机油的全球市场的评估:各车辆类型,各产品类型,各引擎类型,各等级类型,各地区,机会,预测(2017年~2031年)Automotive Engine Oil Market Assessment, By Vehicle Type, By Product Type, By Engine Type, By Grade Type, By Region, Opportunities and Forecast, 2017-2031F |
全球汽车机油市场规模预计将从 2023 年的 354.8 亿美元增至 2031 年的 527.8 亿美元,预计 2024-2031 年复合年增长率为 5.09%。近年来,该市场呈现显着增长,并且由于汽车行业的显着进步、汽车产量和销量的增加、租赁汽车的便利性以及汽车需求的增加,预计在预测期内将继续稳步扩张。节能车辆。对传统和合成产品的需求不断增长也推动了全球汽车机油市场的需求。由于豪华车的技术创新和汽车的高耐用性,对高性能和耐用引擎油的需求不断增长,为全球汽车机油市场的公司创造了各种成长机会。
有关汽车引擎机油和车辆安全的政府法规正在推动全球汽车机油市场的成长。机油有助于保护引擎免受燃料中可能存在的小颗粒和铁锈的影响,从而推动了对汽车引擎油的需求。油还覆盖气缸壁和活塞之间的间隙,帮助汽车更有效地燃烧燃料。汽车需要更多的合成机油和维护机油,以提高耐用性、可靠性和性能。全球市场的主要参与者宣布建立合作伙伴关係,提供一系列可提高车辆性能的机油。
例如,2022 年 9 月,雷诺集团和嘉实多有限公司宣布扩大合作伙伴关係,直至 2027 年底,为集团全球经销商网路供应和设计售后机油。此次合作也将推出专为欧 7 车辆设计的新系列机油。
对节能汽车的需求不断增长,推动了对汽车引擎油的需求
随着节能汽车需求的增加,全球汽车机油市场的需求不断增加。这是因为机油有助于实现较旧、磨损较严重的引擎通常所需的更高水平的保护。在汽车工业中,普通机油可以保护汽车的发动机,但节能机油含有必要的调节剂、抗氧化剂、添加剂和密封件,以克服节能汽车在老化时经常面临的问题。精确配製。此外,使用密封调节剂生产节能油,可提高灵活性并恢復形状,以防止未来洩漏,从而推动预测期内对汽车引擎机油的需求。市场上的公司正在投资新型节能油来解决这个问题。
例如,安索公司将于 2023 年 7 月推出三个新的特种机油系列,包括安索 100% 合成高里程机油、安索 100% 合成混合机油和安索长效 100% 合成机油宣布将推出并提供独特的优惠。安索 100% 合成高里程机油可减少油耗并保持马力。
快速的技术进步和汽车保有量的增加将推动市场成长
全球汽车引擎油市场的成长预计将因全球汽车保有量的大幅增加以及汽车技术的持续进步和创新而得到加强。在新兴国家,由于人均收入增加、个人化趋势快速发展、经济发展以及消费者生活水准的改变,汽车需求量不断增加,汽车机油的需求量也正在加速成长。消费者将汽车用于个人和商业用途,频繁润滑和维护的需要直接增加了对机油的需求。需要专门润滑的乘用车和商用车(例如涡轮增压和高性能引擎)的发展正在推动对创新机油配方的需求,并推动全球机油市场的成长。市场上的主要参与者正在有效地工作并宣布建立合作伙伴关係,以便为先进机油技术提供有效的产品。
本报告提供全球汽车用机油市场相关调查分析,提供市场规模与预测,市场动态,主要企业的形势及预测等资讯。
Global automotive engine oil market is anticipated to observe a CAGR of 5.09% in the forecast period 2024-2031, rising from USD 35.48 billion in 2023 to USD 52.78 billion in 2031. The market has observed significant growth in recent years and is projected to maintain a strong pace of expansion in the forecast years due to significant advancement in the automotive industry, a rise in production and sales of vehicles, easy availability of rental cars, and growing demand for fuel-efficient vehicles. Rising requirements for conventional and synthetic products also drive the global automotive engine oil market demand. Technological innovations in luxury vehicles and growing demand for high-performance and durable engine oils due to the good durability of vehicles are introducing different growth opportunities for global automotive engine oil market players.
Government rules and regulations concerning automotive engine oil and vehicle safety are driving the growth of the global automotive engine oil market. Oil helps safeguard the engine from small particles and rust, which may exist in the fuel, propelling the demand for engine oil in automobiles. Also, oil covers the gap between the cylinder walls and pistons, which is helpful in more efficient fuel combustion in vehicles. Vehicles require more synthetic and maintenance engine oil to enhance durability, reliability, and performance. Key participants in the global market are announcing partnerships to offer a variety of engine oils that improve the functioning of vehicles.
For instance, in September 2022, Renault Group and Castrol Limited announced the expansion of their partnership until the end of 2027 to supply and design aftermarket engine oils to the group dealer network across the globe. This partnership also offers an extended variety of new engine oil particularly designed for Euro 7 vehicles.
Rising Demand for High Mileage Automobiles Propels the Demand for Automotive Engine Oil
Increasing demand for high-mileage automobiles raises the demand for the automotive engine oil market globally because engine oils help them accomplish the higher level of protection that older, more worn engines usually require. In the automotive industry, regular oil offers protection to the automotive engine, but high-mileage oils are precisely formulated with essential conditioners, antioxidants, additives, seal-compatible conditioners, and other ingredients to overcome the problems that high-mileage vehicles often witness as they get older. Also, higher mileage oils are produced with seal conditioners that extend flexibility and restore shape to safeguard future leaks, driving the demand for automotive engine oil in the forecast period. Market players are investing in new high-mileage oils to combat the issues.
For instance, in July 2023, AMSOIL INC. announced the launch of three new specialized motor oil families, including AMSOIL 100% Synthetic High-Mileage Motor Oil, AMSOIL 100% Synthetic Hybrid Motor Oil, and AMSOIL Extended-Life 100% Synthetic Motor Oil to deliver unique benefits. AMSOIL 100% Synthetic High-Mileage Motor Oil helps decrease oil consumption and preserve horsepower.
Rapid Technological Advancements and Rise in Vehicle Ownerships Surge Market Growth
The global automotive engine oil market growth is projected to rise due to a significant increase in vehicle ownership across the globe, and continuous advancements and innovations in automotive technologies. In emerging countries, the demand for vehicles is rising due to an increase in per capita income, the rapid trend of personalization, economic development, and a shift in the living standards of consumers, accelerating the demand for automotive engine oil. Consumers are using vehicles for commercial as well as personal use, and there is a direct increase in demand for engine oil for frequent lubrication and maintenance requirements. Advancements in passenger cars and commercial vehicles, including the development of turbocharged engines, high-performance engines, and others with specialized lubrication requirements, push the demand for innovative engine oil formulation, thriving the global market growth for engine oils. Key companies in the market are working efficiently and announcing partnerships to offer effective products for advanced engine oil technology.
For instance, Service Easy Technology Private Limited (GoMechanic) announced a partnership with ExxonMobil Corporation for engine oil technology to ensure good performance and durability for advanced serviced vehicles. This partnership is projected to deliver unparalleled service to the customers and ensure that every advanced vehicle they service benefits from the best in engine oil technology.
Strict Carbon Emission Regulations and Standards Drive Market Growth Globally
The significant increase in awareness concerning the environment and carbon emissions across the globe has led to growth in the global automotive engine oil market. Companies and vehicle owners are compelled by government rules and regulations concerning environmental sustainability and reducing carbon emissions; thereby, the demand for engine oil is rising rapidly. Engine oil has proved to be essential because it helps maintain engine efficiency and decrease carbon emissions. Moreover, regulatory authorities often demand lower emissions, longer oil change intervals, and better fuel effectiveness, compelling manufacturers to develop more environmentally friendly and efficient engine oils. This drives market growth as consumers increasingly prefer eco-friendly and efficient lubrication solutions.
For instance, in late 2022, the European Commission announced the Euro 7 vehicle emission regulations to enforce vigorous standards for all gasoline and diesel vehicles in the heavy as well as light-duty spectrum. This initiative aims to enhance urban air quality, and OEMs will be required to adopt changes to engines and aftertreatment devices to address the standards.
Passenger Cars Segment Registers the Largest Market Share in the Market
The passenger cars segment dominates the highest revenue share in the global market due to growing disposable incomes and a speedily rising urban population. The shift in consumer preference in the passenger vehicle segment in developed countries, including Europe and North America, propelled the segment growth. Consumers now go for those vehicles that emit less carbon, consume less fuel, and still deliver excellent overall performance. These requirements have surged significant foreign investments in the sector to develop products that align with present market needs. Automakers are manufacturing passenger cars that require less fuel consumption and emit less carbon to address the rising demand for fuel-efficient cars and expand their footprint.
For instance, in May 2024, BYD Auto Co., Ltd. announced the launch of new hybrid technology with the world's lowest fuel consumption and cost-saving advancement. This launch has a new hybrid system with a range of more than 2,000 km and fuel consumption as low as 2 liters per 100 km.
Asia-Pacific Dominates the Global Automotive Engine Oil Market
Asia-Pacific registers the largest market share in the global market due to it having the fastest-growing countries in the automotive industry and the existence of giant market players in emerging countries, including Japan, China, India, and others. Also, China and India are projected to have the highest number of vehicle ownership due to rapid economic development, changes in the living standards of consumers, and the high purchasing power of the middle-class population. India, being the largest market for two-wheelers, is projected to motivate the government to support the usage of energy-efficient automotive engine oils. In Asia-Pacific, widespread consumer awareness about synthetic motor oil is estimated to sustain its demand. The adoption of this eco-friendly oil is projected to propel the Asia-Pacific automotive engine oil market. Key market players in the automotive engine oil market are extending their partnership to address the rising demands on engine oils to maximize performance and protect the engine from wear.
For instance, in January 2024, Shell plc announced its renewed partnership with the BMW Group in Asia and the rest of the world to supply the aftersales business of all BMW Group's brands as the exclusive supplier and producer of engine oil.
Future Market Scenario (2024-2031F)
In emerging countries, the sales of automotive vehicles are experiencing constant growth due to the growing population and purchasing power of consumers, which is further propelling the automotive engine oil market.
Increasing demand to expand the lifespan of an engine and rising investment by private and government sectors are surging the growth of the global automotive engine oil market.
Growing consumer awareness concerning durable variants and fuel-efficient vehicles is projected to introduce different growth opportunities for market players.
The significant expansion of the automotive industry worldwide is increasing the demand for automotive engine oil.
Key Players Landscape and Outlook
Key companies in the global automotive engine oil market are investing in different research and development activities to expand the lifespan, reliability and accelerate business expansion. Companies are working in different stages of the value chain to supply their product on a timely basis and register the largest market share in the global market. In addition, giant market players in the global automotive engine oil market are adopting different market growth strategies, including joint ventures, mergers and acquisitions, new product launches, partnerships, amalgamation, and others to expand their product portfolio, consumer base, and footprint.
In November 2023, Hindustan Petroleum Corporation Limited announced a partnership with Chevron Corporation to launch Caltex lubricants in India to expand its presence across the globe.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.