Market Overview:
The global outboard gear lubrication 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 boats across the globe and rising awareness about the benefits of using outboard gear lubricants. Outboard gear lubricants are used to reduce friction between gears and improve performance, which helps in reducing fuel consumption and emissions. The global outboard gear lubrication market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into mineral oil-based lubes and synthetic oil-based lubes. Mineral oil-based lubes are more common as they are cheaper than synthetic oils; however, they tend to produce more emissions than synthetic oils. Synthetic oils offer better performance than mineral oils as they have a higher viscosity index and do not evaporate easily even at high temperatures. They also help in reducing wear and tear on gears due to their superior film strength properties .On the basis of application, it can be classified into diesel boats, gasoline boats, electric boats etc., Outboard gear lubricants find widespread use in diesel engines as well as gasoline engines owing to their superior thermal stability characteristics over other types of engine fuels such as ethanol blends or biodiesel blends .
Product Definition:
The definition of outboard gear lubrication is the use of a lubricant to reduce wear and friction between gears. The importance of outboard gear lubrication is that it helps protect gears from damage, which can lead to decreased efficiency or failure.
Miner Lubrication:
Miner lubrication is the process of maintaining the engine oil and coolant levels in a mine. The main function of this process is to keep all moving parts clean, dry and well lubricated so that they can perform optimally for a longer duration. Miners are used in almost every kind of industrial application including construction equipment, underground mining, tunneling & digging machines as well as heavy earthmoving machinery such as excavators & breakers.
Synthetic Lubrication:
Synthetic Lubrication is a type of lubricant that contains Chemicals (Polymers) derived from petroleum. Synthetic lubes are usually made up of mineral oil, polymers & additives blended together to form an effective grease. They have high viscosity and better thermal stability than conventional motor oils which makes them ideal for use in outboard gear lubrication market.
Application Insights:
Diesel boats held the largest revenue share of over 40.0% in 2017 and are expected to continue their dominance over the forecast period. The demand for diesel is generally higher than that of gasoline on a global scale owing to its better fuel efficiency and lower emissions which reduces the impact on environment, thereby pleasing various governments across regions.
The electric boat segment is projected witness significant growth during the forecast period due to increasing concerns regarding environmental pollution from traditional outboard motors, especially in developed economies such as U.K., Germany, France and Italy where strict regulations are in place concerning this matter. These regulations have led consumers towards purchasing electric or hybrid outboards which operate on batteries thus emitting low levels of pollutants into air compared to traditional gasoline-powered engines used by boats before 2016 when emission standards were relaxed by European governments under Phase 2 of EU 2020 strategy for reducing greenhouse gas emissions by 20%.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for recreational boats as well as commercial fishing vessels. Increasing disposable income coupled with growing population in countries such as China, India, Thailand, Vietnam and Indonesia among others are likely to drive the regional market growth over the forecast period.
Europe was estimated at USD X billion in 2017 owing to high demand from countries including Germany, U-K., France and Italy among others which are major consumers of outboard motors for marine applications due to their large water bodies along with a large coastline present across Europe regionally enabling easy access of recreational boating activities on inland lakes & rivers thus driving product adoption rate significantly higher than other regions globally over past few years.
Growth Factors:
- Increasing demand for outboard gear lubricants from the marine industry as a result of the growth in global trade and tourism.
- The increasing popularity of recreational boating, which is driving demand for outboard gear lubricants.
- The increasing use of outboard gear lubricants in commercial fishing applications to reduce wear and tear on gears and extend equipment life.
- Technological advancements that have led to the development of more efficient and environmentally friendly outboard gear lubricants products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Outboard Gear Lubrication Market Research Report
By Type
Miner Lubrication, Synthetic Lubrication
By Application
Diesel Boat, Gasoline Boat, Electric Boat
By Companies
Exxon Mobil Corporation, Royal Dutch Shell, Chevron Corporation, TOTAL, BP, CNPC, Sinopec, FUCHS, LUKOIL, CARL BECHEM GMBH, Phillips 66 Lubricants, 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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Outboard Gear Lubrication Market Report Segments:
The global Outboard Gear Lubrication market is segmented on the basis of:
Types
Miner Lubrication, Synthetic Lubrication
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
Diesel Boat, Gasoline Boat, Electric Boat
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:
- Exxon Mobil Corporation
- Royal Dutch Shell
- Chevron Corporation
- TOTAL
- BP
- CNPC
- Sinopec
- FUCHS
- LUKOIL
- CARL BECHEM GMBH
- Phillips 66 Lubricants
- Lubrizol Corporation
Highlights of The Outboard Gear Lubrication 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:
- Miner Lubrication
- Synthetic Lubrication
- By Application:
- Diesel Boat
- Gasoline Boat
- Electric Boat
- 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 Outboard Gear Lubrication 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?
Outboard gear lubrication is the process of applying a lubricant to the moving parts of an outboard engine. Lubricants are used to reduce friction and wear on gears, shafts, bearings, and other components.
Some of the key players operating in the outboard gear lubrication market are Exxon Mobil Corporation, Royal Dutch Shell, Chevron Corporation, TOTAL, BP, CNPC, Sinopec, FUCHS, LUKOIL, CARL BECHEM GMBH, Phillips 66 Lubricants, Lubrizol Corporation.
The outboard gear lubrication 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 Outboard Gear Lubrication 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 Outboard Gear Lubrication Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Outboard Gear Lubrication 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 Outboard Gear Lubrication 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 Outboard Gear Lubrication Market Size & Forecast, 2018-2028
4.5.1 Outboard Gear Lubrication Market Size and Y-o-Y Growth
4.5.2 Outboard Gear Lubrication Market Absolute $ Opportunity
Chapter 5 Global Outboard Gear Lubrication 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 Outboard Gear Lubrication Market Size Forecast by Type
5.2.1 Miner Lubrication
5.2.2 Synthetic Lubrication
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Outboard Gear Lubrication 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 Outboard Gear Lubrication Market Size Forecast by Applications
6.2.1 Diesel Boat
6.2.2 Gasoline Boat
6.2.3 Electric Boat
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Outboard Gear Lubrication 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 Outboard Gear Lubrication 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 Outboard Gear Lubrication Analysis and Forecast
9.1 Introduction
9.2 North America Outboard Gear Lubrication 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 Outboard Gear Lubrication Market Size Forecast by Type
9.6.1 Miner Lubrication
9.6.2 Synthetic Lubrication
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 Outboard Gear Lubrication Market Size Forecast by Applications
9.10.1 Diesel Boat
9.10.2 Gasoline Boat
9.10.3 Electric Boat
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 Outboard Gear Lubrication Analysis and Forecast
10.1 Introduction
10.2 Europe Outboard Gear Lubrication 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 Outboard Gear Lubrication Market Size Forecast by Type
10.6.1 Miner Lubrication
10.6.2 Synthetic Lubrication
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 Outboard Gear Lubrication Market Size Forecast by Applications
10.10.1 Diesel Boat
10.10.2 Gasoline Boat
10.10.3 Electric Boat
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 Outboard Gear Lubrication Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Outboard Gear Lubrication 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 Outboard Gear Lubrication Market Size Forecast by Type
11.6.1 Miner Lubrication
11.6.2 Synthetic Lubrication
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 Outboard Gear Lubrication Market Size Forecast by Applications
11.10.1 Diesel Boat
11.10.2 Gasoline Boat
11.10.3 Electric Boat
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 Outboard Gear Lubrication Analysis and Forecast
12.1 Introduction
12.2 Latin America Outboard Gear Lubrication 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 Outboard Gear Lubrication Market Size Forecast by Type
12.6.1 Miner Lubrication
12.6.2 Synthetic Lubrication
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 Outboard Gear Lubrication Market Size Forecast by Applications
12.10.1 Diesel Boat
12.10.2 Gasoline Boat
12.10.3 Electric Boat
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) Outboard Gear Lubrication Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Outboard Gear Lubrication 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) Outboard Gear Lubrication Market Size Forecast by Type
13.6.1 Miner Lubrication
13.6.2 Synthetic Lubrication
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) Outboard Gear Lubrication Market Size Forecast by Applications
13.10.1 Diesel Boat
13.10.2 Gasoline Boat
13.10.3 Electric Boat
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 Outboard Gear Lubrication Market: Competitive Dashboard
14.2 Global Outboard Gear Lubrication Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Exxon Mobil Corporation
14.3.2 Royal Dutch Shell
14.3.3 Chevron Corporation
14.3.4 TOTAL
14.3.5 BP
14.3.6 CNPC
14.3.7 Sinopec
14.3.8 FUCHS
14.3.9 LUKOIL
14.3.10 CARL BECHEM GMBH
14.3.11 Phillips 66 Lubricants
14.3.12 Lubrizol Corporation
