Market Overview:
The global oil plug market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil plugs in various applications, such as hydraulics, machinery, and others. Additionally, the growing automotive industry is also contributing to the growth of this market.
Product Definition:
A plug for filling a hole in an oil pipe with a substance to stop the flow of oil.
Inner Hexagon:
Inner hexagon is a term used for the six-sided polygon formed by three sides and three angles. It has been observed that the number of Inner HEXagons in a given area tends to be proportional to the price of oil. The more IHG’s there are in an area, generally, the higher is oil prices.
Hexagon:
Hexagon is a six-sided polygon. It's name comes from the Greek word for "six". Hexagon has 60 degrees and can be constructed with three straight sides and five angles, each of which is a right angle. The most common hexagonal shape is a equilateral triangle, which has two equal sides and three angles that are all 90 degrees.
The oil plug market size was valued at USD 1,Billion in 2015.
Application Insights:
The machinery segment led the global oil plug market in 2017 and is anticipated to witness significant growth over the forecast period. The growth can be attributed to increasing demand for high-performance oils from various industries including automotive, industrial, and energy among others.
Hydraulics is expected to be the fastest growing application segment registering a CAGR of XX% from 2018 to 2030 owing to its extensive use in various hydraulic systems such as valve operation, flow control & metering devices among others. Global petroleum industry has been witnessing an increase in production rates since past few years which has resulted into higher product demand globally.
Regional Analysis:
North America dominated the global market in terms of revenue in 2017. The growth is attributed to increasing demand for high-performance oil plugs from major application sectors including industrial, automotive and marine. In addition, rising investments by key players to develop advanced products are expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness significant growth over the coming years owing to rapid industrialization and urbanization coupled with increasing energy demand across emerging economies such as China and India. Moreover, growing foreign investments coupled with favorable government policies are expected fuel product adoption across end-use industries within Asia Pacific region during the forecast period.
Growth Factors:
- Increasing demand for oil and gas from developing countries
- Rising investment in the oil and gas sector
- Technological advancements in drilling and production processes
- Growing exploration and production activities in offshore areas
- Proliferation of shale gas reserves
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil Plug Market Research Report
By Type
Inner Hexagon, Hexagon, Taper Thread, Others
By Application
Hydraulics, Machinery, Others
By Companies
Hongda Hardware Manufacturing, Seasource Industry, Ruian City Lezhou Giong, Shenzhen Zongo Technology, Shanghai Tengri Metal Products, Ningbo Aide Oil Plug Manufacturing, Ningbo Constant Hardware
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
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Oil Plug Market Report Segments:
The global Oil Plug market is segmented on the basis of:
Types
Inner Hexagon, Hexagon, Taper Thread, 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
Hydraulics, Machinery, Others
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:
- Hongda Hardware Manufacturing
- Seasource Industry
- Ruian City Lezhou Giong
- Shenzhen Zongo Technology
- Shanghai Tengri Metal Products
- Ningbo Aide Oil Plug Manufacturing
- Ningbo Constant Hardware
Highlights of The Oil Plug 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:
- Inner Hexagon
- Hexagon
- Taper Thread
- Others
- By Application:
- Hydraulics
- Machinery
- Others
- 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 Plug 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 plugs are a type of air filter that are used in engines to remove dirt, dust, and other particles from the air.
Some of the major players in the oil plug market are Hongda Hardware Manufacturing, Seasource Industry, Ruian City Lezhou Giong, Shenzhen Zongo Technology, Shanghai Tengri Metal Products, Ningbo Aide Oil Plug Manufacturing, Ningbo Constant Hardware.
The oil plug market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil Plug 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 Plug Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil Plug 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 Plug 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 Plug Market Size & Forecast, 2020-2028
4.5.1 Oil Plug Market Size and Y-o-Y Growth
4.5.2 Oil Plug Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Inner Hexagon
5.2.2 Hexagon
5.2.3 Taper Thread
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Hydraulics
6.2.2 Machinery
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil Plug 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 Plug 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Inner Hexagon
9.6.2 Hexagon
9.6.3 Taper Thread
9.6.4 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 Market Size Forecast by Applications
9.10.1 Hydraulics
9.10.2 Machinery
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Inner Hexagon
10.6.2 Hexagon
10.6.3 Taper Thread
10.6.4 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 Market Size Forecast by Applications
10.10.1 Hydraulics
10.10.2 Machinery
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Inner Hexagon
11.6.2 Hexagon
11.6.3 Taper Thread
11.6.4 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 Market Size Forecast by Applications
11.10.1 Hydraulics
11.10.2 Machinery
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Inner Hexagon
12.6.2 Hexagon
12.6.3 Taper Thread
12.6.4 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 Market Size Forecast by Applications
12.10.1 Hydraulics
12.10.2 Machinery
12.10.3 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Inner Hexagon
13.6.2 Hexagon
13.6.3 Taper Thread
13.6.4 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) Market Size Forecast by Applications
13.10.1 Hydraulics
13.10.2 Machinery
13.10.3 Others
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 Plug Market: Competitive Dashboard
14.2 Global Oil Plug Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hongda Hardware Manufacturing
14.3.2 Seasource Industry
14.3.3 Ruian City Lezhou Giong
14.3.4 Shenzhen Zongo Technology
14.3.5 Shanghai Tengri Metal Products
14.3.6 Ningbo Aide Oil Plug Manufacturing
14.3.7 Ningbo Constant Hardware
