Market Overview:
The global heavy commercial vehicle 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 heavy commercial vehicles across the globe. The global heavy commercial vehicle lubricants market has been segmented on the basis of type, application and region. On the basis of type, engine oil accounted for a major share in 2017 and is expected to maintain its dominance throughout the forecast period. Transmission fluids are expected to exhibit highest CAGR over 2018-2030 owing to increasing demand from developing countries such as China and India.
Product Definition:
Heavy Commercial Vehicle lubricants are designed to meet the demanding needs of commercial vehicles. They provide enhanced performance in extreme conditions and extended drain intervals.
Engine Oil:
Engine oil is a liquid used to reduce friction between engine components and facilitate smooth functioning. It helps in maintaining the viscosity of lubricants and acts as an antioxidant, anti-foaming agent, dispersant, conditioner & detergent all at the same time. The product also has a function of cooling the engine which reduces wear & tear along with providing protection from corrosion.
Transmission Fluids:
Transmission fluids are the oils or aqueous solutions used for the internal transmission of vehicles. They help in maintaining optimum gear mesh and provide high-speed engine performance along with improved fuel economy. Transmission fluids also offer protection to hydraulic systems, act as coolants and lubricants all at once, thereby improving overall vehicle efficiency.
Application Insights:
The heavy truck application segment led the global 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 goods transportation services across the globe coupled with an increase in manufacturing activities in emerging economies such as India, China and Brazil.
Heavy trucks are used for transporting goods ranging from food products to automobiles across countries on a daily basis. These vehicles have high payload capacity which makes them ideal for long-distance transport of heavy cargo including automotive parts between cities or towns where airports or seaports are not available or cannot accommodate large aircrafts due to limited space available inside these vehicles.
Regional Analysis:
Asia Pacific dominated the global heavy commercial vehicle lubricants market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for LCVs and HCVs from various sectors, such as mining, construction, and transportation. In addition, rising disposable income of consumers in developing countries will boost product demand in passenger cars and LCVs/HCVs.
The Asia Pacific was followed by Europe that accounted for a share of more than 25% in 2017 owing to high penetration rates of heavy commercial vehicles across European countries including Germany, France, Italy). Moreover changing consumer preferences towards diesel engines due to environmental concerns is anticipated to propel product consumption over the next eight years thereby supporting regional market growth. North America also held a considerable share owing tp growing popularity of light-duty trucks among consumers especially millennials which has increased sales visibility for lubricants with enhanced performance characteristics including reduced wear & tear on engine parts caused by frequent starts & stops associated with road traffic congestion etc.
Growth Factors:
- Increasing demand for commercial vehicles due to rising urbanization and industrialization
- Proliferation of new technologies in heavy commercial vehicles that require specialized lubricants
- Stringent government regulations mandating the use of heavy commercial vehicle lubricants
- Growing awareness about the benefits of using heavy commercial vehicle lubricants among fleet operators and drivers
- Rising demand for eco-friendly and bio-based heavy commercial vehicle lubricants
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy Commercial Vehicle Lubricants Market Research Report
By Type
Engine Oil, Transmission Fluids, Brake Fluids
By Application
Heavy Truck, Bus
By Companies
Shell, Exxon Mobil, BP, Total, Chevron Corporation, Valvoline, Sinopec Lubricant, CNPC, Petronas, Lukoil, SK Lubricants, FUCHS
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Heavy Commercial Vehicle Lubricants Market Report Segments:
The global Heavy Commercial Vehicle Lubricants market is segmented on the basis of:
Types
Engine Oil, Transmission Fluids, Brake Fluids
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
Heavy Truck, Bus
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:
- Shell
- Exxon Mobil
- BP
- Total
- Chevron Corporation
- Valvoline
- Sinopec Lubricant
- CNPC
- Petronas
- Lukoil
- SK Lubricants
- FUCHS
Highlights of The Heavy Commercial Vehicle 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:
- Engine Oil
- Transmission Fluids
- Brake Fluids
- By Application:
- Heavy Truck
- Bus
- 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 Heavy Commercial Vehicle 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?
Heavy commercial vehicle lubricants are those that are designed to provide long-lasting protection and performance for heavy equipment. These products can be used in a variety of applications, including trucks, buses, trains, and construction equipment. They often contain high levels of viscosity agents and antioxidants to help protect the engine against wear and tear.
Some of the key players operating in the heavy commercial vehicle lubricants market are Shell, Exxon Mobil, BP, Total, Chevron Corporation, Valvoline, Sinopec Lubricant, CNPC, Petronas, Lukoil, SK Lubricants, FUCHS.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Heavy Commercial Vehicle Lubricants Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Heavy Commercial Vehicle Lubricants Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Heavy Commercial Vehicle Lubricants Market - Supply Chain
4.5. Global Heavy Commercial Vehicle Lubricants Market Forecast
4.5.1. Heavy Commercial Vehicle Lubricants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Heavy Commercial Vehicle Lubricants Market Size (000 Units) and Y-o-Y Growth
4.5.3. Heavy Commercial Vehicle Lubricants Market Absolute $ Opportunity
5. Global Heavy Commercial Vehicle Lubricants Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Heavy Commercial Vehicle Lubricants Market Size and Volume Forecast by Type
5.3.1. Engine Oil
5.3.2. Transmission Fluids
5.3.3. Brake Fluids
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Heavy Commercial Vehicle Lubricants Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Heavy Commercial Vehicle Lubricants Market Size and Volume Forecast by Application
6.3.1. Heavy Truck
6.3.2. Bus
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Heavy Commercial Vehicle Lubricants Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Heavy Commercial Vehicle Lubricants Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Heavy Commercial Vehicle Lubricants Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Heavy Commercial Vehicle Lubricants Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Heavy Commercial Vehicle Lubricants Demand Share Forecast, 2019-2026
9. North America Heavy Commercial Vehicle Lubricants Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Heavy Commercial Vehicle Lubricants Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Heavy Commercial Vehicle Lubricants Market Size and Volume Forecast by Application
9.4.1. Heavy Truck
9.4.2. Bus
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Heavy Commercial Vehicle Lubricants Market Size and Volume Forecast by Type
9.7.1. Engine Oil
9.7.2. Transmission Fluids
9.7.3. Brake Fluids
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Heavy Commercial Vehicle Lubricants Demand Share Forecast, 2019-2026
10. Latin America Heavy Commercial Vehicle Lubricants Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Heavy Commercial Vehicle Lubricants Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Heavy Commercial Vehicle Lubricants Market Size and Volume Forecast by Application
10.4.1. Heavy Truck
10.4.2. Bus
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Heavy Commercial Vehicle Lubricants Market Size and Volume Forecast by Type
10.7.1. Engine Oil
10.7.2. Transmission Fluids
10.7.3. Brake Fluids
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Heavy Commercial Vehicle Lubricants Demand Share Forecast, 2019-2026
11. Europe Heavy Commercial Vehicle Lubricants Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Heavy Commercial Vehicle Lubricants Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Heavy Commercial Vehicle Lubricants Market Size and Volume Forecast by Application
11.4.1. Heavy Truck
11.4.2. Bus
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Heavy Commercial Vehicle Lubricants Market Size and Volume Forecast by Type
11.7.1. Engine Oil
11.7.2. Transmission Fluids
11.7.3. Brake Fluids
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Heavy Commercial Vehicle Lubricants Demand Share, 2019-2026
12. Asia Pacific Heavy Commercial Vehicle Lubricants Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Heavy Commercial Vehicle Lubricants Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Heavy Commercial Vehicle Lubricants Market Size and Volume Forecast by Application
12.4.1. Heavy Truck
12.4.2. Bus
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Heavy Commercial Vehicle Lubricants Market Size and Volume Forecast by Type
12.7.1. Engine Oil
12.7.2. Transmission Fluids
12.7.3. Brake Fluids
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Heavy Commercial Vehicle Lubricants Demand Share, 2019-2026
13. Middle East & Africa Heavy Commercial Vehicle Lubricants Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Heavy Commercial Vehicle Lubricants Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Heavy Commercial Vehicle Lubricants Market Size and Volume Forecast by Application
13.4.1. Heavy Truck
13.4.2. Bus
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Heavy Commercial Vehicle Lubricants Market Size and Volume Forecast by Type
13.7.1. Engine Oil
13.7.2. Transmission Fluids
13.7.3. Brake Fluids
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Heavy Commercial Vehicle Lubricants Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Heavy Commercial Vehicle Lubricants Market: Market Share Analysis
14.2. Heavy Commercial Vehicle Lubricants Distributors and Customers
14.3. Heavy Commercial Vehicle Lubricants Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Shell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Exxon Mobil
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BP
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Total
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Chevron Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Valvoline
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sinopec Lubricant
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CNPC
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Petronas
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lukoil
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SK Lubricants
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. FUCHS
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
