Market Overview:
The global oil analysis service market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for oil analysis services from various end-use industries, such as transportation, industrial, oil & gas, energy & power, mining and others. In addition, the growing awareness about the benefits of using oil analysis services is also contributing to the growth of this market.
Product Definition:
An oil analysis service is a laboratory service that tests a sample of used motor oil to determine its condition. The purpose of an oil analysis is to identify problems with the engine before they cause major damage.
Off-site:
Off-site is the analysis of a substance or sample taken from a source other than the well. It includes laboratory testing, remote sensing technology, and modeling & simulation. The off-site usage in oil analysis service market has been growing at an exponential rate due to its wide range of applications in various industries such as healthcare, food & beverage and environmental testing industries among others.
On-site:
On-site is a method of analysis where sample is taken from the well or field under study and analyzed at the site itself. This method eliminates transportation cost and time associated with it. On-site oil analysis provides more accurate results as compared to off-site methods due to which this technique is widely used in various industries such as petroleum, chemical, food & beverage among others.
Application Insights:
The transportation application segment led the global oil analysis service 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 motor fuels, gasoline, diesel and aviation fuel across all major economies including the U.S., China, India and Brazil among others.
The industrial application segment accounted for a significant share in 2017 owing to rising demand from chemical refineries as well as petrochemical plants for analyzing crude oil samples before they are processed into petroleum products such as polymers and chemicals used by industry participants globally.
Regional Analysis:
North America dominated the global market in 2017. The U.S., being a major oil consumer, is expected to be one of the key regional markets over the forecast period. North America has been witnessing increasing demand for onshore and offshore analysis services owing to growing need for better understanding of existing infrastructure and development of new reserves through enhanced exploration & production activities (E&P).
Asia Pacific is estimated to be the fastest-growing region from 2018 to 2030 due to rising investments by foreign players along with government support in countries such as China, India, Malaysia and Indonesia.
Growth Factors:
- Increasing demand for oil analysis services from the automotive and transportation sector as a result of stringent emission norms and fuel efficiency requirements.
- Rapid growth in the number of vehicles in Asia Pacific, especially China and India, is expected to drive the demand for oil analysis services in the region.
- Rising awareness about the benefits of preventive maintenance through oil analysis among fleet operators and other end users is likely to boost market growth over the next few years.
- Growing popularity of synthetic oils among consumers is also anticipated to create opportunities for players operating in this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil Analysis Service Market Research Report
By Type
Off-site, On-site
By Application
Transportation, Industrial, Oil & Gas, Energy & Power, Mining, Other
By Companies
Bureau Veritas, SGS, Intertek Group, Shell, Chevron Corporation, Castrol Limited, Unimarine, Veritas Petroleum Services, Insight Services Inc
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
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Oil Analysis Service Market Report Segments:
The global Oil Analysis Service market is segmented on the basis of:
Types
Off-site, On-site
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
Transportation, Industrial, Oil & Gas, Energy & Power, Mining, 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:
- Bureau Veritas
- SGS
- Intertek Group
- Shell
- Chevron Corporation
- Castrol Limited
- Unimarine
- Veritas Petroleum Services
- Insight Services Inc
Highlights of The Oil Analysis Service 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:
- Off-site
- On-site
- By Application:
- Transportation
- Industrial
- Oil & Gas
- Energy & Power
- Mining
- 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 Oil Analysis Service 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?
Oil Analysis Service is a company that provides oil analysis services to businesses and consumers. The company offers a variety of services, including oil analysis, fuel testing, and engine diagnostics.
Some of the major companies in the oil analysis service market are Bureau Veritas, SGS, Intertek Group, Shell, Chevron Corporation, Castrol Limited, Unimarine, Veritas Petroleum Services, Insight Services Inc.
The oil analysis service market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil Analysis Service 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 Oil Analysis Service Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Oil Analysis Service 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 Oil Analysis Service 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 Oil Analysis Service Market Size & Forecast, 2018-2028 4.5.1 Oil Analysis Service Market Size and Y-o-Y Growth 4.5.2 Oil Analysis Service Market Absolute $ Opportunity
Chapter 5 Global Oil Analysis Service 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 Oil Analysis Service Market Size Forecast by Type
5.2.1 Off-site
5.2.2 On-site
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Oil Analysis Service 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 Oil Analysis Service Market Size Forecast by Applications
6.2.1 Transportation
6.2.2 Industrial
6.2.3 Oil & Gas
6.2.4 Energy & Power
6.2.5 Mining
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil Analysis Service 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 Oil Analysis Service 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 Oil Analysis Service Analysis and Forecast
9.1 Introduction
9.2 North America Oil Analysis Service 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 Oil Analysis Service Market Size Forecast by Type
9.6.1 Off-site
9.6.2 On-site
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 Oil Analysis Service Market Size Forecast by Applications
9.10.1 Transportation
9.10.2 Industrial
9.10.3 Oil & Gas
9.10.4 Energy & Power
9.10.5 Mining
9.10.6 Other
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 Oil Analysis Service Analysis and Forecast
10.1 Introduction
10.2 Europe Oil Analysis Service 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 Oil Analysis Service Market Size Forecast by Type
10.6.1 Off-site
10.6.2 On-site
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 Oil Analysis Service Market Size Forecast by Applications
10.10.1 Transportation
10.10.2 Industrial
10.10.3 Oil & Gas
10.10.4 Energy & Power
10.10.5 Mining
10.10.6 Other
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 Oil Analysis Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Oil Analysis Service 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 Oil Analysis Service Market Size Forecast by Type
11.6.1 Off-site
11.6.2 On-site
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 Oil Analysis Service Market Size Forecast by Applications
11.10.1 Transportation
11.10.2 Industrial
11.10.3 Oil & Gas
11.10.4 Energy & Power
11.10.5 Mining
11.10.6 Other
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 Oil Analysis Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Oil Analysis Service 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 Oil Analysis Service Market Size Forecast by Type
12.6.1 Off-site
12.6.2 On-site
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 Oil Analysis Service Market Size Forecast by Applications
12.10.1 Transportation
12.10.2 Industrial
12.10.3 Oil & Gas
12.10.4 Energy & Power
12.10.5 Mining
12.10.6 Other
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) Oil Analysis Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Oil Analysis Service 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) Oil Analysis Service Market Size Forecast by Type
13.6.1 Off-site
13.6.2 On-site
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) Oil Analysis Service Market Size Forecast by Applications
13.10.1 Transportation
13.10.2 Industrial
13.10.3 Oil & Gas
13.10.4 Energy & Power
13.10.5 Mining
13.10.6 Other
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 Oil Analysis Service Market: Competitive Dashboard
14.2 Global Oil Analysis Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bureau Veritas
14.3.2 SGS
14.3.3 Intertek Group
14.3.4 Shell
14.3.5 Chevron Corporation
14.3.6 Castrol Limited
14.3.7 Unimarine
14.3.8 Veritas Petroleum Services
14.3.9 Insight Services Inc