Automotive Engine Oil Market Analysis

Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles)

The global automotive engine oil market is segmented and analyzed for demand and supply by vehicle type into passenger cars, light commercial vehicles, heavy commercial vehicles, and others. Among these segments, the passenger car segment is anticipated to capture the largest market size in the global market owing to the rapid expansion of the passenger car market in developing countries. For instance, the Indian passenger car market was reported to be worth USD 32 billion in 2021 and is projected to grow to USD 53 billion by the end of 2027. In addition, the rising purchasing power of people, growth in urban population, and growing preference for the adoption of fewer carbon emissions vehicles are further projected to augment segment growth over the forecast period.

Our in-depth analysis of the global market includes the following segments:

By Technology	Premium Conventional Engine Oil Full Synthetic Engine Oil Synthetic Blend Engine Oil Higher Mileage Engine Oil
By Vehicle Type	Passenger Car Light Commercial Vehicle Heavy Commercial Vehicle Others
By Additives	Dispersants Friction Modifiers Anti- Wear Agents Pour Point Depressants Foam Inhibitors Others

Frequently Asked Questions (FAQ)

Rising motorcycle and automobile production, increasing personal disposable income and rising crude oil production are the major factors driving the growth of the automotive engine oil market.

The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023-2033.

Growing supply of counterfeit engine oil product is expected to hinder market growth.

The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Valvoline, Inc., Shell Plc, Total S.A, Arabol Lubricants, LUKOIL Oil Company, Exxon Mobil Corporation, Castrol Limited, Chevron Corporation, Amsoil Inc., and Sinopec Lubricant Company

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by technology, vehicle type, additives, and, by region.

The passenger cars segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

Automotive Engine Oil Market Analysis