Market Overview:
The global heavy equipment lubricants 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 heavy equipment in various end-use industries such as mining, agriculture, and construction. In addition, the growing awareness about the benefits of using heavy equipment lubricants is also contributing to the growth of this market. Based on type, engine oil accounted for a major share of the global heavy equipment lubricants market in 2017. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to its high demand in end-use industries such as mining and construction.
Product Definition:
Heavy Equipment Lubricants are lubricants specifically designed for use in heavy equipment. They are typically thicker and more viscous than other types of lubricants, and they contain additives that help protect against wear and corrosion. Heavy Equipment Lubricants play an important role in preserving the life of heavy equipment by reducing friction and preventing wear.
Engine Oil:
Engine oil is a product that is used to reduce friction between engine components and facilitate smooth functioning. It also has the added benefit of providing corrosion protection to internal combustion engines. Engine oils are classified as mineral, semi-synthetic, and synthetic depending upon their composition.
General Industrial Oil:
Industrial oils are base stocks for lubricants. They are used as raw materials in the manufacturing of several chemicals and additives that find application in industrial equipment. These oils can be classified on the basis of viscosity as light, medium, and heavy; whereas some other classifications include mineral, paraffinic, naphthenic etc.
Application Insights:
The construction segment accounted for the largest revenue share of over 30.0% in 2017 and is expected to witness significant growth over the forecast period. The rise in demand for heavy equipment due to an increase in infrastructure projects across the globe is anticipated to boost product consumption.
Mining was estimated as one of the major applications accounting for 20.9% share of total volume in 2017 owing to its usage on large scale open pit and underground mining activities globally, including Australia, Brazil, Chile China India South Africa Mexico United States Russia Zimbabwe ¢â‚¬Å“North America Region¢â‚¬ Mining Equipment & Mineral Processing Report (MER) 2018 states that there has been a surge in global mining investments from 2008-2017 with an investment value of USD 446 billion which includes exploration expenditure.
Regional Analysis:
Asia Pacific dominated the global heavy equipment lubricants market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for construction machinery, industrial equipment, mining vehicles and oil & gas drilling rigs. China is one of the largest markets for these products owing to rapid industrialization along with an increase in infrastructure activities.
The Asia Pacific has a large number of small-scale manufacturers who cater primarily to domestic needs but are also export competent. These companies have been able to gain significant share across developing countries by offering low prices coupled with high-quality products that meet local standards and requirements thus making them preferred suppliers over multinationals from developed nations operating within APAC region as well as other regions globally.
North America was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for heavy equipment in construction and infrastructure sectors
- Rising awareness about the benefits of using heavy equipment lubricants
- Technological advancements in the production of heavy equipment lubricants
- Growing demand from emerging markets
- Stringent environmental regulations
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy Equipment Lubricants Market Research Report
By Type
Engine Oil, General Industrial Oil, Gear Oil, Transmission and Hydraulic Fluids, Others
By Application
Mining, Agriculture, Construction, Others
By Companies
BP, Chevron, Exxon Mobil, Indian Oil, JX Nippon, Lukoil, Shell, Total, Idemitsu Kosan, FUCHS, Sinopec, CNPC
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Heavy Equipment Lubricants Market Report Segments:
The global Heavy Equipment Lubricants market is segmented on the basis of:
Types
Engine Oil, General Industrial Oil, Gear Oil, Transmission and Hydraulic Fluids, 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
Mining, Agriculture, Construction, 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:
- BP
- Chevron
- Exxon Mobil
- Indian Oil
- JX Nippon
- Lukoil
- Shell
- Total
- Idemitsu Kosan
- FUCHS
- Sinopec
- CNPC
Highlights of The Heavy 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:
- Engine Oil
- General Industrial Oil
- Gear Oil
- Transmission and Hydraulic Fluids
- Others
- By Application:
- Mining
- Agriculture
- Construction
- 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 Heavy 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?
Heavy Equipment Lubricants are a type of lubricant specifically designed for use on heavy equipment. They are made with high quality ingredients to provide long-lasting protection and performance.
Some of the major players in the heavy equipment lubricants market are BP, Chevron, Exxon Mobil, Indian Oil, JX Nippon, Lukoil, Shell, Total, Idemitsu Kosan, FUCHS, Sinopec, CNPC.
The heavy equipment lubricants market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Heavy Equipment 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 Equipment 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 Equipment Lubricants Market - Supply Chain
4.5. Global Heavy Equipment Lubricants Market Forecast
4.5.1. Heavy Equipment Lubricants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Heavy Equipment Lubricants Market Size (000 Units) and Y-o-Y Growth
4.5.3. Heavy Equipment Lubricants Market Absolute $ Opportunity
5. Global Heavy Equipment 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 Equipment Lubricants Market Size and Volume Forecast by Type
5.3.1. Engine Oil
5.3.2. General Industrial Oil
5.3.3. Gear Oil
5.3.4. Transmission and Hydraulic Fluids
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Heavy Equipment 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 Equipment Lubricants Market Size and Volume Forecast by Application
6.3.1. Mining
6.3.2. Agriculture
6.3.3. Construction
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Heavy Equipment 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 Equipment 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 Equipment 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 Equipment 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 Equipment Lubricants Demand Share Forecast, 2019-2026
9. North America Heavy Equipment 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 Equipment 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 Equipment Lubricants Market Size and Volume Forecast by Application
9.4.1. Mining
9.4.2. Agriculture
9.4.3. Construction
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Heavy Equipment Lubricants Market Size and Volume Forecast by Type
9.7.1. Engine Oil
9.7.2. General Industrial Oil
9.7.3. Gear Oil
9.7.4. Transmission and Hydraulic Fluids
9.7.5. Others
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 Equipment Lubricants Demand Share Forecast, 2019-2026
10. Latin America Heavy Equipment 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 Equipment 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 Equipment Lubricants Market Size and Volume Forecast by Application
10.4.1. Mining
10.4.2. Agriculture
10.4.3. Construction
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Heavy Equipment Lubricants Market Size and Volume Forecast by Type
10.7.1. Engine Oil
10.7.2. General Industrial Oil
10.7.3. Gear Oil
10.7.4. Transmission and Hydraulic Fluids
10.7.5. Others
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 Equipment Lubricants Demand Share Forecast, 2019-2026
11. Europe Heavy Equipment 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 Equipment 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 Equipment Lubricants Market Size and Volume Forecast by Application
11.4.1. Mining
11.4.2. Agriculture
11.4.3. Construction
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Heavy Equipment Lubricants Market Size and Volume Forecast by Type
11.7.1. Engine Oil
11.7.2. General Industrial Oil
11.7.3 Gear Oil
11.7.4. Transmission and Hydraulic Fluids
11.7.5. Others
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 Equipment Lubricants Demand Share, 2019-2026
12. Asia Pacific Heavy Equipment 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 Equipment 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 Equipment Lubricants Market Size and Volume Forecast by Application
12.4.1. Mining
12.4.2. Agriculture
12.4.3. Construction
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Heavy Equipment Lubricants Market Size and Volume Forecast by Type
12.7.1. Engine Oil
12.7.2. General Industrial Oil
12.7.3. Gear Oil
12.7.4. Transmission and Hydraulic Fluids
12.7.5. Others
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 Equipment Lubricants Demand Share, 2019-2026
13. Middle East & Africa Heavy Equipment 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 Equipment 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 Equipment Lubricants Market Size and Volume Forecast by Application
13.4.1. Mining
13.4.2. Agriculture
13.4.3. Construction
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Heavy Equipment Lubricants Market Size and Volume Forecast by Type
13.7.1. Engine Oil
13.7.2. General Industrial Oil
13.7.3. Gear Oil
13.7.4. Transmission and Hydraulic Fluids
13.7.5. Others
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 Equipment Lubricants Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Heavy Equipment Lubricants Market: Market Share Analysis
14.2. Heavy Equipment Lubricants Distributors and Customers
14.3. Heavy Equipment Lubricants Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BP
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Chevron
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Exxon Mobil
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Indian Oil
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. JX Nippon
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lukoil
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shell
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Total
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Idemitsu Kosan
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. FUCHS
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sinopec
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. CNPC
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
