Automotive
lubricants demand stood at 1,418 KTPA in 2018 and is projected to grow at a CAGR of 3.59%
during 2019-2030 in India. Growing use of automotive lubricants
in various end use sectors such as two-wheelers, passenger
cars and commercial vehicles is the key factor aiding market growth. Though mineral
oils hold the largest share among all the automotive lubricants used in the country, demand for synthetic and
semi-synthetic lubricants is expected to grow at a rapid pace in coming years.
Moreover, availability of a variety of automotive
lubricants across various segments such as
engine, gear, grease and transmission fluids would have a positive impact on
the country’s automotive lubricants market
during 2019-2030.
Years Considered for this Report:
Historical Years: 2013 – 2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020 – 2030
Objective of the Study:
·
The primary objective of the study was
to evaluate and forecast automotive lubricants demand, inventory, and demand –
supply gap in India.
·
To categorize automotive lubricants demand
based on type, vehicle type, base oil, category, region
and sales channel.
·
To study trade dynamics and company
share in India automotive lubricants market.
·
To identify major customers of automotive
lubricants in India.
·
To evaluate and forecast automotive
lubricants pricing by grade in India.
·
To identify and profile major companies operating
in India automotive lubricants market.
·
To identify major news, deals and
expansion plans in India automotive lubricants market.
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Some of the major players operating in India automotive
lubricants market are Indian
Oil Corporation Limited, Castrol India, Hindustan Petroleum Corporation
Limited, etc.
To extract data for India automotive
lubricants market,
primary research surveys were conducted with manufacturers, suppliers,
distributors, wholesalers and end users of automotive
lubricants. While
interviewing, the respondents were also inquired about their competitors.
Through this technique, TechSci Research was able to include manufacturers that
could not be identified due to the limitations of secondary research. Moreover,
TechSci Research analyzed various end user segments and projected a positive
outlook for India automotive lubricants market over the coming years.
TechSci Research calculated automotive
lubricants demand in
India by analyzing the historical data and demand forecast was carried out
considering raw material prices and crude oil prices. TechSci Research sourced these
values from industry experts and company representatives and externally
validated through analyzing historical
sales data of respective manufacturers to arrive at the overall market size.
Various secondary sources such as company websites, association reports, annual
reports, etc., were also studied by TechSci Research.
Key
Target Audience:
- Manufacturers and other stakeholders of automotive lubricants
- Organizations, forums and alliances related to
automotive lubricants distribution
- Government bodies such as regulating
authorities and policy makers
- Market research organizations and consulting
companies
The study is useful in
providing answers to several critical questions that are important for industry
stakeholders, such as automotive lubricants manufacturers, distributors and
policy makers. The report also provides useful insights about which market
segments should be targeted over the coming years to strategize investments and
capitalize on growth opportunities.
Report Scope:
In this report, India automotive lubricants market has been segmented into
following categories:
Available Customizations:
With the given
market data, TechSci Research offers customizations according to a company’s
specific needs.
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then please get in touch with our custom research team at sales@techsciresearch.com