India Automotive Lubricants Market Overview
India
automotive lubricants market stood at $ 4.9 billion in 2017 and is projected to
reach $ 10.3 billion by 2027. Increasing preference for vehicles for personal
mobility and easy finance options are driving sales of automobiles in India,
which, in turn, is increasing demand for automotive lubricants. Moreover, low and stable crude oil prices are providing
opportunities to automotive lubricant manufacturers to earn strong margins.
Additionally, continuously growing replacement market due to increasing
awareness among consumers is further anticipated to propel demand for
automotive lubricants in India. Furthermore, awareness among consumers regarding the use of highly
efficient engine oils and other lubricants is contributing towards the growth of synthetic base oil
market in India.
Years Considered for this Report:
Historical Years: 2013 – 2016
Base Year: 2017
Estimated Year: 2018
Forecast Period: 2019 – 2027
Objective
of the Study:
- The primary objective of the
study was to evaluate and forecast automotive lubricants in India.
- To categorize the market based
on vehicle type, lubricant type, by base oil, by region, by demand
category, by sales channel and by company.
- To understand major policy
and regulations which impact India automotive lubricants market positively
or negatively.
- To identify major drivers,
challenges and trends in India automotive lubricants market.
- To identify and profile
major companies in India automotive lubricants market.
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Some
of the major players operating in India automotive lubricants market include Indian
Oil Corporation, Castrol India
Limited, Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation
Limited, Tidewater Oil Corporation India Limited, Valvoline Cummins Private Limited, Gulf
Oil Lubricants India Limited, Shell India, ExxonMobil
Lubricants Private Limited and Total Oil India
Private Limited.
To extract the data for India automotive lubricants, primary
research surveys were conducted with automotive lubricants manufacturers and
end users. Moreover, TechSci Research has analyzed various end use sectors and
speculated a positive outlook for India automotive lubricants market in the
coming years. Taking into consideration emerging trends in development of engine
technology, ability of material to enhance the efficiency of the vehicle and
advent of the concept of electric vehicles and synthetic base oil lubricants,
our team of analyst has speculated a positive future for India automotive
lubricants market.
Various secondary sources such as Ministry of Road Transport
and Highways, white papers, company websites, magazines and annual report of
various companies involved in automotive lubricants business were also studied
by TechSci Research.
Key Target Audience:
- Automotive lubricants
manufacturers and other stakeholders
- Major end users of automotive
lubricant products
- Organizations, forums and
alliances related to automotive lubricant products
- Government bodies such as
regulating authorities and policy makers
- Market
research and consulting firms
The study is useful in providing answers to several critical
questions that are important for industry stakeholders, such as automotive
lubricant manufacturers, customers and policymakers, as well as in identifying
which market segments should be targeted over the coming years in order to
strategize investments and capitalize on growth opportunities in specific
market segments and geographies.
Report Scope:
In this report, India automotive lubricants market has been segmented
into following categories, in addition to the industry trends which have also
been detailed below:
- Market,
By Vehicle Type:
- Passenger
Cars
- Two-Wheelers
- Light
Commercial Vehicles
- Medium
& Heavy Commercial Vehicles
- Tractors
- Market,
By Lubricant Type:
- Engine
Oil
- Gear
Oil
- Grease
- Transmission
Fluids
- Others
- Market, By Base Oils
- Mineral
Oil
- Semi-Synthetic
Oil
- Synthetic
Oil
- Market,
By Region:
- North
India
- West
India
- East
India
- South
India
- Market, By Demand Category:
- Original
Equipment Manufacturer (OEM)
- Original
Equipment Supplier (OES)
- Independent
Aftermarket (IAM)
- Market, By Sales Channel:
- Authorized
Distributors
- Retailers
- Workshops
& Garages
- Petrol
Pumps
- Market, By Company:
- Indian Oil Corporation,
- Castrol
India Limited,
- Bharat Petroleum Corporation
Limited
- Hindustan
Petroleum Corporation Limited
- Tidewater Oil Corporation India
Limited
- Others
Competitive Landscape
Company Benchmarking: Benchmarking of leading players on the basis
of lubricant type provided by them.
Company Profiles: Detailed analysis of major companies operating in India
automotive lubricants market.
Available
Customizations:
With the given market data,
TechSci Research offers customizations according to a company’s specific needs.
Following customization options are available for the report:
Channel Partner Analysis
- Detailed
list of distributors and dealers across all the regions.
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
Customer Profiling
In case of you can’t find what, you are looking
for then please get in touch with our custom research team at sales@techsciresearch.com