Market Overview:
The global electric vehicle fluids and lubricants market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for electric vehicles across the globe. Electric vehicles are powered by electricity, which makes them environment-friendly and reduces greenhouse gas emissions as compared to traditional gasoline or diesel-powered vehicles. In addition, governments across various countries are providing incentives such as tax rebates and subsidies for purchasing electric vehicles, which is also contributing to the growth of this market. The global electric vehicle fluids and lubricants market can be segmented on the basis of type into grease, brake fluid, heat transfer fluid, drive system fluid, and others. The brake fluid segment is expected to hold a major share in terms of revenue in 2018 owing to its use in all types of electric vehicles. On the basis of application, the global electric vehicle fluids and lubricants market can be divided into battery electric Vehicles (BEVs), hybrid Electric Vehicles (HEVs)/plug-in hybrid Electric Vehicles (PHEVs), and others including buses & trucks).
Product Definition:
Electric Vehicle Fluids and Lubricants play an important role in the overall performance and reliability of electric vehicles. They help to keep all the moving parts of the vehicle properly lubricated and cooled, which helps to extend component life and prevent mechanical failures.
Grease:
The global grease market size was valued at USD 2.5 billion in 2016 and is expected to witness a CAGR of XX% over the forecast period on account of its increasing usage in electric vehicle fluids and lubricants. Grease is an organic liquid, which possesses low volatility along with high viscosity for better performance of machinery at extreme temperatures.
Brake Fluid:
Brake fluid is a hydraulic fluid that is used to slow or stop the movement of vehicles. It is also used as an essential ingredient in brake lubricants. The primary function of brake fluids, whether they are used as stand-alone products or in combination with other products, is to act as a medium for transmitting force and pressure from the brakes to the vehicle’s rotating parts so that it can be reduced or stopped.
Electric Vehicle Fluids.
Application Insights:
The battery electric vehicles segment dominated the global market in 2017 and is expected to maintain its dominance over the forecast period. The increasing production of electric passenger cars, primarily in China, has resulted in a growing demand for batteries which is anticipated to fuel the growth of this segment over the coming years.
Battery-operated vehicles have several advantages such as they are lightweight and easy to maneuver on roads due to their small size; however, these EVs have disadvantages such as limited range and slow charging capabilities. This leads consumers towards hybrid or plug-in hybrid electric vehicles that offer better driving experience at a lower cost than battery operated cars.
EVs use regenerative braking where energy captured from each stroke of the brake pedal is stored in an EV's batteries for later use when needed thus reducing vehicle emissions significantly while providing power assistance during acceleration or deceleration resulting in improved overall efficiency.
Regional Analysis:
The Asia Pacific region dominated the global electric vehicle fluids and lubricants market in 2017. The presence of major automobile manufacturers, such as Toyota, Honda Motor Company Ltd., Nissan Motors Corporation, Hyundai Motor Company and Tata Motors Limited; coupled with developing infrastructure for charging EVs is expected to drive regional growth over the forecast period.
China has emerged as a manufacturing hub for electric vehicles owing to low production costs and government subsidies on EV batteries. In addition, favorable policies such as tax incentives on purchase or lease payments are anticipated to propel sales of EVs in China over the coming years. Furthermore, India is also expected to witness high demand for BEVs due its rising population along with increasing per capita income levels among consumers; which will enable them choose from a wider range of products based on their requirements rather than just according to price tags.
Growth Factors:
- Increasing demand for electric vehicles due to environmental concerns and government initiatives for promotion of electric vehicles.
- Growing number of electric vehicle manufacturers and increasing R&D investments for development of new technologies and products.
- Rising awareness about the benefits of using electric vehicle fluids and lubricants among consumers, which is likely to boost the demand for these products in the near future.
- Rapid expansion in automotive aftermarket owing to growing inclination of consumers towards replacement parts and accessories over original equipment manufacturer (OEM) parts/products
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle Fluids and Lubricants Market Research Report
By Type
Grease, Brake Fluid, Heat Transfer Fluid, Drive System Fluid
By Application
Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs)/Plug-In Hybrid Electric Vehicles (PHEVs)
By Companies
3M, Castrol, Royal Dutch Shell, Total Lubricants, Valvoline Inc., Motul, Fuchs Petrolub SE, Engineered Fluids Inc, Exxon Mobil Corporation, Lubrizol Corporation
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
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicle Fluids and Lubricants Market Report Segments:
The global Electric Vehicle Fluids and Lubricants market is segmented on the basis of:
Types
Grease, Brake Fluid, Heat Transfer Fluid, Drive System Fluid
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
Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs)/Plug-In Hybrid Electric Vehicles (PHEVs)
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:
- 3M
- Castrol
- Royal Dutch Shell
- Total Lubricants
- Valvoline Inc.
- Motul
- Fuchs Petrolub SE
- Engineered Fluids Inc
- Exxon Mobil Corporation
- Lubrizol Corporation
Highlights of The Electric Vehicle Fluids and 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:
- Grease
- Brake Fluid
- Heat Transfer Fluid
- Drive System Fluid
- By Application:
- Battery Electric Vehicles (BEVs)
- Hybrid Electric Vehicles (HEVs)/Plug-In Hybrid Electric Vehicles (PHEVs)
- 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 Electric Vehicle Fluids and 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
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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?
Electric vehicle fluids and lubricants are designed to keep electric vehicles running smoothly. They contain special ingredients that help reduce friction and wear on the engine, transmission, and other parts of the electric vehicle.
Some of the major players in the electric vehicle fluids and lubricants market are 3M, Castrol, Royal Dutch Shell, Total Lubricants, Valvoline Inc., Motul, Fuchs Petrolub SE, Engineered Fluids Inc, Exxon Mobil Corporation, Lubrizol Corporation.
The electric vehicle fluids and lubricants market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Vehicle Fluids and Lubricants Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Vehicle Fluids and Lubricants Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Vehicle Fluids and Lubricants Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Vehicle Fluids and Lubricants Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Vehicle Fluids and Lubricants Market Size & Forecast, 2018-2028
4.5.1 Electric Vehicle Fluids and Lubricants Market Size and Y-o-Y Growth
4.5.2 Electric Vehicle Fluids and Lubricants Market Absolute $ Opportunity
Chapter 5 Global Electric Vehicle Fluids and Lubricants Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electric Vehicle Fluids and Lubricants Market Size Forecast by Type
5.2.1 Grease
5.2.2 Brake Fluid
5.2.3 Heat Transfer Fluid
5.2.4 Drive System Fluid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Vehicle Fluids and Lubricants Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electric Vehicle Fluids and Lubricants Market Size Forecast by Applications
6.2.1 Battery Electric Vehicles (BEVs)
6.2.2 Hybrid Electric Vehicles (HEVs)/Plug-In Hybrid Electric Vehicles (PHEVs)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Vehicle Fluids and Lubricants Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Vehicle Fluids and Lubricants Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electric Vehicle Fluids and Lubricants Analysis and Forecast
9.1 Introduction
9.2 North America Electric Vehicle Fluids and Lubricants Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electric Vehicle Fluids and Lubricants Market Size Forecast by Type
9.6.1 Grease
9.6.2 Brake Fluid
9.6.3 Heat Transfer Fluid
9.6.4 Drive System Fluid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electric Vehicle Fluids and Lubricants Market Size Forecast by Applications
9.10.1 Battery Electric Vehicles (BEVs)
9.10.2 Hybrid Electric Vehicles (HEVs)/Plug-In Hybrid Electric Vehicles (PHEVs)
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electric Vehicle Fluids and Lubricants Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Vehicle Fluids and Lubricants Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electric Vehicle Fluids and Lubricants Market Size Forecast by Type
10.6.1 Grease
10.6.2 Brake Fluid
10.6.3 Heat Transfer Fluid
10.6.4 Drive System Fluid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electric Vehicle Fluids and Lubricants Market Size Forecast by Applications
10.10.1 Battery Electric Vehicles (BEVs)
10.10.2 Hybrid Electric Vehicles (HEVs)/Plug-In Hybrid Electric Vehicles (PHEVs)
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electric Vehicle Fluids and Lubricants Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Vehicle Fluids and Lubricants Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electric Vehicle Fluids and Lubricants Market Size Forecast by Type
11.6.1 Grease
11.6.2 Brake Fluid
11.6.3 Heat Transfer Fluid
11.6.4 Drive System Fluid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electric Vehicle Fluids and Lubricants Market Size Forecast by Applications
11.10.1 Battery Electric Vehicles (BEVs)
11.10.2 Hybrid Electric Vehicles (HEVs)/Plug-In Hybrid Electric Vehicles (PHEVs)
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electric Vehicle Fluids and Lubricants Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Vehicle Fluids and Lubricants Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electric Vehicle Fluids and Lubricants Market Size Forecast by Type
12.6.1 Grease
12.6.2 Brake Fluid
12.6.3 Heat Transfer Fluid
12.6.4 Drive System Fluid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electric Vehicle Fluids and Lubricants Market Size Forecast by Applications
12.10.1 Battery Electric Vehicles (BEVs)
12.10.2 Hybrid Electric Vehicles (HEVs)/Plug-In Hybrid Electric Vehicles (PHEVs)
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electric Vehicle Fluids and Lubricants Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Vehicle Fluids and Lubricants Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electric Vehicle Fluids and Lubricants Market Size Forecast by Type
13.6.1 Grease
13.6.2 Brake Fluid
13.6.3 Heat Transfer Fluid
13.6.4 Drive System Fluid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electric Vehicle Fluids and Lubricants Market Size Forecast by Applications
13.10.1 Battery Electric Vehicles (BEVs)
13.10.2 Hybrid Electric Vehicles (HEVs)/Plug-In Hybrid Electric Vehicles (PHEVs)
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Vehicle Fluids and Lubricants Market: Competitive Dashboard
14.2 Global Electric Vehicle Fluids and Lubricants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M
14.3.2 Castrol
14.3.3 Royal Dutch Shell
14.3.4 Total Lubricants
14.3.5 Valvoline Inc.
14.3.6 Motul
14.3.7 Fuchs Petrolub SE
14.3.8 Engineered Fluids Inc
14.3.9 Exxon Mobil Corporation
14.3.10 Lubrizol Corporation
