Global Automotive Motor Oil Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Conventional, Synthetic Blend, Full Synthetic, and High-Mileage.

By Sales Channel;

Quick Lube, Independent Workshop, and Maintenance/Repair Shop.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn217158444 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Motor Oil Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Motor Oil Market was valued at USD 39,211.55 million. The size of this market is expected to increase to USD 50,566.78 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 3.7%.

The global automotive motor oil market is a dynamic landscape shaped by technological advancements, environmental concerns, and shifting consumer preferences. As the automotive industry evolves, so does the demand for high-performance motor oils that can optimize engine efficiency and prolong lifespan. From conventional mineral oils to advanced synthetic blends, the market offers a diverse array of products tailored to meet the specific needs of modern vehicles.

Sustainability has emerged as a key driving force influencing the automotive motor oil market. With stricter emissions regulations and a growing emphasis on environmental responsibility, there's a rising demand for eco-friendly lubricants that minimize carbon footprint without compromising performance. Manufacturers are innovating to develop bio-based oils and formulations with improved fuel efficiency, contributing to a greener automotive ecosystem.

The global automotive motor oil market is witnessing notable trends driven by the rapid electrification of vehicles. While traditional internal combustion engines remain prevalent, the rise of electric and hybrid vehicles is reshaping the landscape. This shift necessitates the development of specialized lubricants designed to meet the unique requirements of electric drivetrains, including thermal management and compatibility with advanced battery technologies. As automotive technology continues to advance, the motor oil market must adapt to support the evolving needs of a diverse fleet of vehicles.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Sales Channel
    3. Market Snapshot, By Region
  4. Global Automotive Motor Oil Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Vehicle Fleet Growth
        2. Environmental Regulations
        3. Consumer Awareness
      2. Restraints
        1. Volatile Oil Prices
        2. Electric Vehicle Adoption
        3. Competitive Pricing Pressures
      3. Opportunities
        1. Sustainable Formulations
        2. E-commerce Growth
        3. High-Performance Segment Expansion
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Motor Oil Market, By Type, 2020 - 2030 (USD Million)
      1. Conventional
      2. Synthetic Blend
      3. Full Synthetic
      4. High-Mileage
    2. Global Automotive Motor Oil Market, By Sales Channel, 2020 - 2030 (USD Million)
      1. Quick Lube
      2. Independent Workshop
      3. Maintenance/Repair Shop
    3. Global Automotive Motor Oil Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Exxon Mobil Corporation (US)
      2. Royal Dutch Shell PLC(Netherlands)
      3. Infineum International Limited (UK), Val
      4. Valvoline Inc.
      5. ulf Oil Lubricants India Limited
      6. The Lubrizol Corporation
      7. Chevron Corporation(
      8. BP PLC
  7. Analyst Views
  8. Future Outlook of the Market