Market Overview:
The global off-highway equipment 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 market can be attributed to the increasing demand for off-highway equipment in construction, agriculture and mining activities across the globe. Heavy-duty engine oils are expected to account for a major share of the global off-highway equipment lubricants market during the forecast period. This can be attributed to their high viscosity and thermal stability which makes them suitable for use in extreme conditions. Transmission fluids are also anticipated to witness significant growth during the forecast period owing to their ability protect gears from wear and tear caused due to excessive heat generation.
Product Definition:
Off-highway equipment lubricants are designed to protect and enhance the performance of heavy equipment used in construction, agriculture, mining and other industries. Off-highway equipment lubricants help reduce wear and tear on moving parts, extend component life, prevent corrosion and improve fuel economy.
Heavy-Duty Engine Oils:
Heavy-duty engine oils are formulated to meet the performance and wear requirements of heavy-duty vehicles. They are specially designed for use in diesel engines that operate at high temperatures, under severe operating conditions, and/or subject to frequent starts and stops.
Transmission Fluids:
Transmission fluids are engine-free liquids used to transmit the power of an engine from a vehicle drivetrain to the road wheels. They can be classified as mineral and synthetic in nature. The choice of transmission fluid is governed by several factors such as performance, environmental impact, cost, and safety regulations.
Application Insights:
The construction industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growth of this industry can be attributed to a large extent to the growing global population, which has resulted in an increased demand for residential and commercial structures, thereby propelling product demand.
Agriculture is another significant application segment owing to heavy machinery used on farms & ranches for field operations, such as plowing & tillage equipment, harvesting equipment and animal-drawn vehicles. These types of off-highway equipment lubricants are required for agricultural applications due to their heavy usage on farmlands & ranches worldwide.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The region has been witnessing strong economic growth on account of increasing industrial output, coupled with robust construction activities. China is likely to remain a key country in terms of demand owing to its large mining industry and expanding heavy machinery market.
The Asia Pacific was followed by Europe, which accounted for over 23% of the global share in 2017 owing to high product demand from countries including Germany, France, Italy and U.K., among others. Countries such as Russia are also projected to witness significant growth due their rapidly expanding oil & gas sector that includes hydraulic fracturing or fracking operations for shale gas deposits under frozen ground conditions similar to North America’s well completion practices across extreme cold regions such as Siberia or Canada’s artic climate area around Lake Baikal in Russia's Far East region near Japan).
Growth Factors:
- Increasing demand for off-highway equipment in mining, construction, and agriculture industries
- Rising awareness about the benefits of using off-highway equipment lubricants
- Technological advancements in off-highway equipment that require specialized lubricants
- Growing demand for environmentally friendly and biodegradable lubricants
- Stringent government regulations mandating the use of quality lubricants in off-highway equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Off-highway Equipment Lubricants Market Research Report
By Type
Heavy-Duty Engine Oils, Transmission Fluids, Hydraulic Fluids, Gear oils, Others
By Application
Construction, Agriculture, Mining Activities
By Companies
British Petroleum, Shell, ExxonMobil, Total, Fuchs Lubricants, Chevron, Morris Lubricants, Rock Oil, Exol Lubricants, New Era Fuels, The Witham Group
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Off-highway Equipment Lubricants Market Report Segments:
The global Off-highway Equipment Lubricants market is segmented on the basis of:
Types
Heavy-Duty Engine Oils, Transmission Fluids, Hydraulic Fluids, Gear oils, Others
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
Construction, Agriculture, Mining Activities
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:
- British Petroleum
- Shell
- ExxonMobil
- Total
- Fuchs Lubricants
- Chevron
- Morris Lubricants
- Rock Oil
- Exol Lubricants
- New Era Fuels
- The Witham Group
Highlights of The Off-highway Equipment 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:
- Heavy-Duty Engine Oils
- Transmission Fluids
- Hydraulic Fluids
- Gear oils
- Others
- By Application:
- Construction
- Agriculture
- Mining Activities
- 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 Off-highway Equipment 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?
Off-highway equipment lubricants are used to reduce friction and wear on moving parts. They can be a combination of oil, grease, and waxes.
Some of the major companies in the off-highway equipment lubricants market are British Petroleum, Shell, ExxonMobil, Total, Fuchs Lubricants, Chevron, Morris Lubricants, Rock Oil, Exol Lubricants, New Era Fuels, The Witham Group.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Off-highway Equipment 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 Off-highway Equipment Lubricants Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Off-highway Equipment 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 Off-highway Equipment 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 Off-highway Equipment Lubricants Market Size & Forecast, 2018-2028
4.5.1 Off-highway Equipment Lubricants Market Size and Y-o-Y Growth
4.5.2 Off-highway Equipment Lubricants Market Absolute $ Opportunity
Chapter 5 Global Off-highway Equipment 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 Off-highway Equipment Lubricants Market Size Forecast by Type
5.2.1 Heavy-Duty Engine Oils
5.2.2 Transmission Fluids
5.2.3 Hydraulic Fluids
5.2.4 Gear oils
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Off-highway Equipment 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 Off-highway Equipment Lubricants Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Agriculture
6.2.3 Mining Activities
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Off-highway Equipment 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 Off-highway Equipment 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 Off-highway Equipment Lubricants Analysis and Forecast
9.1 Introduction
9.2 North America Off-highway Equipment 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 Off-highway Equipment Lubricants Market Size Forecast by Type
9.6.1 Heavy-Duty Engine Oils
9.6.2 Transmission Fluids
9.6.3 Hydraulic Fluids
9.6.4 Gear oils
9.6.5 Others
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 Off-highway Equipment Lubricants Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Agriculture
9.10.3 Mining Activities
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 Off-highway Equipment Lubricants Analysis and Forecast
10.1 Introduction
10.2 Europe Off-highway Equipment 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 Off-highway Equipment Lubricants Market Size Forecast by Type
10.6.1 Heavy-Duty Engine Oils
10.6.2 Transmission Fluids
10.6.3 Hydraulic Fluids
10.6.4 Gear oils
10.6.5 Others
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 Off-highway Equipment Lubricants Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Agriculture
10.10.3 Mining Activities
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 Off-highway Equipment Lubricants Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Off-highway Equipment 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 Off-highway Equipment Lubricants Market Size Forecast by Type
11.6.1 Heavy-Duty Engine Oils
11.6.2 Transmission Fluids
11.6.3 Hydraulic Fluids
11.6.4 Gear oils
11.6.5 Others
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 Off-highway Equipment Lubricants Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Agriculture
11.10.3 Mining Activities
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 Off-highway Equipment Lubricants Analysis and Forecast
12.1 Introduction
12.2 Latin America Off-highway Equipment 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 Off-highway Equipment Lubricants Market Size Forecast by Type
12.6.1 Heavy-Duty Engine Oils
12.6.2 Transmission Fluids
12.6.3 Hydraulic Fluids
12.6.4 Gear oils
12.6.5 Others
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 Off-highway Equipment Lubricants Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Agriculture
12.10.3 Mining Activities
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) Off-highway Equipment Lubricants Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Off-highway Equipment 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) Off-highway Equipment Lubricants Market Size Forecast by Type
13.6.1 Heavy-Duty Engine Oils
13.6.2 Transmission Fluids
13.6.3 Hydraulic Fluids
13.6.4 Gear oils
13.6.5 Others
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) Off-highway Equipment Lubricants Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Agriculture
13.10.3 Mining Activities
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 Off-highway Equipment Lubricants Market: Competitive Dashboard
14.2 Global Off-highway Equipment Lubricants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 British Petroleum
14.3.2 Shell
14.3.3 ExxonMobil
14.3.4 Total
14.3.5 Fuchs Lubricants
14.3.6 Chevron
14.3.7 Morris Lubricants
14.3.8 Rock Oil
14.3.9 Exol Lubricants
14.3.10 New Era Fuels
14.3.11 The Witham Group
