Market Overview:
The global commercial vehicle lubricants market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The growth of the global commercial vehicle lubricants market can be attributed to the increasing demand for commercial vehicles across the globe. Additionally, factors such as rising disposable income and technological advancements are expected to fuel the growth of this market in the coming years. On basis of type, engine oil segment is anticipated to account for a major share of revenue in 2018 and is projected to maintain its dominance throughout 2030. This can be attributed to increasing demand for engine oils from light & heavy commercial vehicles across regions. Transmission fluids segment is expected witness highest CAGR over forecast period owing growing demand from Asia Pacific region coupled with stringent emission norms being implemented by various countries in this region.
Product Definition:
Commercial Vehicle lubricants are oils and greases specifically designed for use in heavy-duty vehicles and equipment. Commercial vehicle lubricants play an important role in keeping these vehicles and equipment running smoothly by reducing wear, maximizing fuel efficiency, preventing corrosion, and protecting against extreme temperatures.
Engine Oil:
Engine oil is a liquid used to reduce friction between engine parts, and thus prevent them from wearing out. It also helps in carrying away the heat that would otherwise damage the engine components. The viscosity of engine oil depends on its temperature, and this factor affects its ability to lubricate an engine. Since it is essential for engines to operate efficiently, regular changing of such oils ensures smooth operations with reduced wear & tear of internal combustion engines.
Transmission Fluids:
Transmission fluids are the oils or aqueous solutions used for the internal transmission of vehicles. They help in maintaining optimum gear mesh and offer high resistance to rust, corrosion & thermal stress along with providing excellent lubrication characteristics. Transmission fluids play an important role in vehicle performance as they not only provide lubrication but also protect components from wear & tear and reduce noise levels.
Application Insights:
The light commercial vehicle application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for these vehicles from various end-use industries, such as logistics, public transport and healthcare. Furthermore, technological advancements in engine oil formulations are expected to drive this segment further.
Heavy Commercial Vehicle (HCV) application accounted for more than 30% of the overall revenue share in 2017 owing to rising demand across several industries including mining, construction and defense among others. In addition, factors such as growing infrastructure spending by governments across countries globally along with increasing need for heavy trucks is anticipated fuel industry growth over next few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for more than 50% of the overall commercial vehicle production on account of low labor cost, easy availability of skilled workforce, and high demand from end-use industries. China is estimated to remain a key player in this industry owing to its large commercial fleet along with high demand from domestic as well as international customers.
North America accounted for more than 20% share in 2017 owing to increasing R&D investments by major players coupled with technological innovations aimed at reducing harmful emissions and enhancing engine efficiency. Moreover, stringent government regulations regarding CVDs are projected to drive product adoption over the coming years. Europe also held a significant market share due to growing automotive industry supported by rising consumer disposable income levels across countries such as Germany, France, Italy etc.
Growth Factors:
- Increasing demand for commercial vehicles due to rising urbanization and industrialization
- Proliferation of new technologies in commercial vehicle lubricants that improve fuel efficiency and performance
- Stringent environmental regulations for reducing emissions from commercial vehicles
- Growing demand for synthetic lubricants over conventional mineral oils in automotive applications
- Increasing awareness about the benefits of using commercial vehicle lubricants among fleet operators
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Vehicle Lubricants Market Research Report
By Type
Engine Oil, Transmission Fluids, Brake Fluids
By Application
Light Commercial Vehicle, Heavy Commercial Vehicle, Other
By Companies
Shell, Exxon Mobil, BP, Total, Chevron Corporation, Valvoline, Sinopec Lubricant, CNPC, Petronas, Lukoil, SK Lubricants, FUCHS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Vehicle Lubricants Market Report Segments:
The global Commercial Vehicle Lubricants market is segmented on the basis of:
Types
Engine Oil, Transmission Fluids, Brake Fluids
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Light Commercial Vehicle, Heavy Commercial Vehicle, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Shell
- Exxon Mobil
- BP
- Total
- Chevron Corporation
- Valvoline
- Sinopec Lubricant
- CNPC
- Petronas
- Lukoil
- SK Lubricants
- FUCHS
Highlights of The Commercial Vehicle Lubricants Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Engine Oil
- Transmission Fluids
- Brake Fluids
- By Application:
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Vehicle Lubricants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Commercial vehicle lubricants are oils and greases used to keep engines running smoothly. They are often made with high-quality ingredients to ensure long-lasting performance.
Some of the major players in the commercial vehicle lubricants market are Shell, Exxon Mobil, BP, Total, Chevron Corporation, Valvoline, Sinopec Lubricant, CNPC, Petronas, Lukoil, SK Lubricants, FUCHS.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Commercial Vehicle Lubricants Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Commercial Vehicle Lubricants Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Commercial Vehicle Lubricants Market - Supply Chain
4.5. Global Commercial Vehicle Lubricants Market Forecast
4.5.1. Commercial Vehicle Lubricants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Commercial Vehicle Lubricants Market Size (000 Units) and Y-o-Y Growth
4.5.3. Commercial Vehicle Lubricants Market Absolute $ Opportunity
5. Global Commercial Vehicle Lubricants Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Commercial Vehicle Lubricants Market Size and Volume Forecast by Type
5.3.1. Engine Oil
5.3.2. Transmission Fluids
5.3.3. Brake Fluids
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Commercial Vehicle Lubricants Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Commercial Vehicle Lubricants Market Size and Volume Forecast by Application
6.3.1. Light Commercial Vehicle
6.3.2. Heavy Commercial Vehicle
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Commercial Vehicle Lubricants Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Commercial Vehicle Lubricants Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Commercial Vehicle Lubricants Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Commercial Vehicle Lubricants Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Commercial Vehicle Lubricants Demand Share Forecast, 2019-2026
9. North America Commercial Vehicle Lubricants Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Commercial Vehicle Lubricants Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Commercial Vehicle Lubricants Market Size and Volume Forecast by Application
9.4.1. Light Commercial Vehicle
9.4.2. Heavy Commercial Vehicle
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Commercial Vehicle Lubricants Market Size and Volume Forecast by Type
9.7.1. Engine Oil
9.7.2. Transmission Fluids
9.7.3. Brake Fluids
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Commercial Vehicle Lubricants Demand Share Forecast, 2019-2026
10. Latin America Commercial Vehicle Lubricants Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Commercial Vehicle Lubricants Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Commercial Vehicle Lubricants Market Size and Volume Forecast by Application
10.4.1. Light Commercial Vehicle
10.4.2. Heavy Commercial Vehicle
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Commercial Vehicle Lubricants Market Size and Volume Forecast by Type
10.7.1. Engine Oil
10.7.2. Transmission Fluids
10.7.3. Brake Fluids
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Commercial Vehicle Lubricants Demand Share Forecast, 2019-2026
11. Europe Commercial Vehicle Lubricants Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Commercial Vehicle Lubricants Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Commercial Vehicle Lubricants Market Size and Volume Forecast by Application
11.4.1. Light Commercial Vehicle
11.4.2. Heavy Commercial Vehicle
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Commercial Vehicle Lubricants Market Size and Volume Forecast by Type
11.7.1. Engine Oil
11.7.2. Transmission Fluids
11.7.3. Brake Fluids
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Commercial Vehicle Lubricants Demand Share, 2019-2026
12. Asia Pacific Commercial Vehicle Lubricants Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Commercial Vehicle Lubricants Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Commercial Vehicle Lubricants Market Size and Volume Forecast by Application
12.4.1. Light Commercial Vehicle
12.4.2. Heavy Commercial Vehicle
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Commercial Vehicle Lubricants Market Size and Volume Forecast by Type
12.7.1. Engine Oil
12.7.2. Transmission Fluids
12.7.3. Brake Fluids
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Commercial Vehicle Lubricants Demand Share, 2019-2026
13. Middle East & Africa Commercial Vehicle Lubricants Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Commercial Vehicle Lubricants Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Commercial Vehicle Lubricants Market Size and Volume Forecast by Application
13.4.1. Light Commercial Vehicle
13.4.2. Heavy Commercial Vehicle
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Commercial Vehicle Lubricants Market Size and Volume Forecast by Type
13.7.1. Engine Oil
13.7.2. Transmission Fluids
13.7.3. Brake Fluids
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Commercial Vehicle Lubricants Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Commercial Vehicle Lubricants Market: Market Share Analysis
14.2. Commercial Vehicle Lubricants Distributors and Customers
14.3. Commercial Vehicle Lubricants Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Shell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Exxon Mobil
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BP
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Total
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Chevron Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Valvoline
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sinopec Lubricant
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CNPC
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Petronas
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lukoil
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SK Lubricants
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. FUCHS
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
