全球機油市場報告：趨勢、預測和競爭分析（至 2031 年）

全球機油市場前景看好，乘用車、輕型商用車、重型商用車和二輪車市場都機會。預計到 2031 年全球機油市場規模將達到 496 億美元，2025-2031 年期間的複合年成長率為 2.6%。該市場的主要驅動力是新興市場的汽車銷售成長、人們對節能汽車的興趣日益濃厚以及高性能潤滑油的不斷發展。

• Lucintel 表示，根據等級，全合成部分預計將在預測期內經歷最高成長，因為它具有穩定性提高、劣化減少和沈積物減少等優勢。
• 根據車輛類型，重型商用車預計在預測期內將出現最高成長。
• 根據地區來看，預計亞太地區將在預測期內實現最高成長。

機油市場的策略成長機會

機油市場在各種應用領域都呈現多種策略成長機會。這些機會反映了汽車行業不斷變化的需求和技術的進步。

• 新興市場擴張：印度、中國等新興市場的汽車銷售成長為機油公司帶來了巨大的機會。擴大分銷網路和本地生產將幫助我們滿足這一日益成長的需求。
• 合成油創新：開發新型合成油配方為滿足高性能和豪華車輛的需求提供了機會。該領域的創新將帶來市場佔有率的增加和溢價的提升。
• 關注電動車潤滑油：隨著電動車越來越普及，它們需要專門的潤滑油。開發符合電動車特定要求的引擎機油代表著一個成長機會。
• 與汽車製造商合作：與汽車製造商合作開發OEM核准的機油有助於推動成長。此類夥伴關係將提高OEM領域的知名度和市場滲透率。
• 投資研發：投資研發以開發性能和環境性能更佳的先進機油是一種競爭優勢。這包括開發符合嚴格排放標準並提供增強保護的油品。

這些策略性成長機會正在重塑機油市場，重點關注創新、新興市場和新汽車技術。利用這些機會的公司將能夠擴大其市場佔有率並推動未來成長。

機油市場的促進因素與挑戰

機油市場受到各種技術、經濟和監管因素的影響。了解這些市場促進因素和挑戰對於有效駕馭市場至關重要。

機油市場受以下因素驅動：

• 技術進步：機油配方和添加劑技術的創新正在推動市場成長。這些進步提高了引擎的性能、燃油經濟性和使用壽命。
• 車輛持有不斷增加：全球車輛持有的不斷增加正在推動對機油的需求。隨著越來越多的車輛需要維護，對高品質機油的需求也隨之增加。
• 嚴格的排放法規：旨在減少車輛排放氣體的法規正在推動先進機油的發展。這些油有助於滿足新的環境標準並提高燃油經濟性。
• 售後市場需求不斷成長：機油售後市場的成長是由車輛維護和更換需求的不斷成長所推動的。該領域存在成長和創新的機會。
• 提高對油品品質的認知：消費者對高品質機油益處的認知不斷提高，推動了需求的成長。這種意識體現在對油的性能和壽命的重視。

機油市場面臨的挑戰包括：

• 原物料價格波動：機油生產所用原物料價格的波動會影響盈利。公司需要有效地管理這些成本波動。
• 監管合規成本：滿足嚴格的環境和性能法規可能會增加合規成本。這將影響機油製造商的定價和盈利。
• 替代品的競爭：替代潤滑劑和技術（如生物基油）的存在帶來了挑戰。公司需要使其產品差異化以保持競爭力。
• 消費者偏好的改變：消費者對環保、高性能油的偏好的改變需要持續創新。跟上這些變化對於傳統石油製造商來說是一個挑戰。

機油市場的關鍵促進因素和挑戰凸顯了技術創新、成本控制和法規遵循的必要性。有效解決這些因素將是實現該行業持續成長和競爭的關鍵。

目錄

第1章執行摘要

第2章全球機油市場：市場動態

• 簡介、背景和分類
• 供應鏈
• 產業驅動力與挑戰

第3章市場趨勢與預測分析（2019-2031）

• 宏觀經濟趨勢（2019-2024）及預測（2025-2031）
• 全球機油市場趨勢（2019-2024年）及預測（2025-2031年）
• 全球機油市場（按等級）
  • 礦物
  • 半合成
  • 全合成
• 全球機油市場（按引擎類型分類）
  • 汽油
  • 柴油引擎
• 全球機油市場（按車型）
  • 搭乘用車
  • 輕型商用車
  • 重型商用車
  • 摩托車
• 全球機油市場依銷售管道
  • OEM
  • 售後市場

第4章。各地區市場趨勢及預測分析（2019-2031）

• 全球機油市場（按地區）
• 北美機油市場
• 歐洲機油市場
• 亞太機油市場
• 世界其他地區機油市場

第5章 競爭分析

• 產品系列分析
• 營運整合
• 波特五力分析

第6章 成長機會與策略分析

• 成長機會分析
  • 全球機油市場按等級分類的成長機會
  • 全球機油市場成長機會（按引擎類型）
  • 全球機油市場成長機會（按車型）
  • 全球機油市場按銷售管道分類的成長機會
  • 全球機油市場各區域成長機會
• 全球機油市場的新趨勢
• 戰略分析
  • 新產品開發
  • 全球機油市場產能擴張
  • 全球機油市場的併購和合資企業
  • 認證和許可

第7章主要企業簡介

• BP
• Saudi Arabian Oil
• Vip Oil Products
• Shell
• Ashland
• Adolf Wurth
• Jiangsu Lopal Tech.
• GS Caltex India
• Chevron Corporation
• Castrol Limited

The future of the global engine oil market looks promising with opportunities in the passenger car, light commercial vehicle, heavy commercial vehicle, and two wheeler markets. The global engine oil market is expected to reach an estimated $49.6 billion by 2031 with a CAGR of 2.6% from 2025 to 2031. The major drivers for this market are a rise in vehicle sales in developing nations, increasing interest in high-mileage automobiles, and growing development to create high-performance lubricants.

• Lucintel forecasts that, within the grade category, fully-synthetic segment is expected to witness the highest growth over the forecast period due to its advantages like improved stability, decreased deterioration, and decreased deposits.
• Within the vehicle type category, heavy commercial vehicle is expected to witness the highest growth over the forecast period.
• In terms of regions, APAC is expected to witness the highest growth over the forecast period.

Gain valuable insights for your business decisions with our comprehensive 150+ page report.

Emerging Trends in the Engine Oil Market

The engine oil market is shaped by several emerging trends that reflect technological advancements and changing consumer demands. These trends are pivotal in shaping the future of engine oils.

• Shift to Synthetic Oils: The increasing use of synthetic oils is driven by their superior performance and longer lifespan compared to conventional oils. They provide better engine protection and fuel efficiency, catering to modern high-performance engines.
• Eco-Friendly Formulations: There's a growing emphasis on eco-friendly engine oils that reduce environmental impact. These oils are formulated to meet stricter emission standards and improve the overall sustainability of automotive operations.
• Integration of Advanced Additives: New additive technologies are being developed to enhance engine performance and protect against wear, oxidation, and sludge formation. These additives improve the overall efficiency and longevity of engine oils.
• Increased Focus on Fuel Economy: Engine oils are being formulated to improve fuel efficiency, responding to rising fuel prices and environmental regulations. This trend aligns with global efforts to reduce carbon emissions and operational costs.
• Technological Innovations in Oil Testing: Advances in oil testing technologies are allowing for better monitoring and analysis of oil performance. This helps in optimizing oil formulations and ensuring that they meet evolving industry standards.

These trends are reshaping the engine oil market by driving innovation, enhancing environmental sustainability, and improving performance. As the industry adapts to these changes, it is poised to meet the evolving needs of modern automotive engines.

Recent Developments in the Engine Oil Market

Recent developments in the engine oil market highlight key advancements that are influencing industry dynamics. These developments reflect broader trends in technology, regulation, and consumer preferences.

• Adoption of Low-Viscosity Oils: The industry is shifting towards low-viscosity engine oils to improve fuel efficiency and reduce emissions. These oils offer better flow characteristics at low temperatures and improved protection at high temperatures.
• Enhanced API Standards: The introduction of new American Petroleum Institute (API) standards is driving improvements in engine oil formulations. These standards ensure better performance, protection, and compatibility with advanced engine technologies.
• Growth in Aftermarket Sales: The aftermarket segment for engine oils is expanding due to increased vehicle ownership and maintenance awareness. This growth is driven by a rising preference for premium and specialty engine oils.
• Development of High-Mileage Oils: Engine oils designed for high-mileage vehicles are gaining popularity. These oils are formulated to address issues such as oil consumption and engine wear, catering to the needs of older vehicles.
• Expansion of Regional Manufacturing: Companies are increasing their manufacturing capabilities in emerging markets to meet local demand. This includes setting up production facilities and distribution networks to cater to regional needs.

These developments are influencing the engine oil market by driving technological advancements, improving performance standards, and expanding market reach. The ongoing changes are shaping a more efficient and diverse engine oil industry.

Strategic Growth Opportunities for Engine Oil Market

The engine oil market presents several strategic growth opportunities across various applications. These opportunities reflect the evolving needs of the automotive industry and advancements in technology.

• Expansion in Emerging Markets: Growing automotive sales in emerging markets like India and China offer significant opportunities for engine oil companies. Expanding distribution networks and local production can capture this growing demand.
• Innovation in Synthetic Oils: Developing new formulations of synthetic oils provides an opportunity to cater to high-performance and luxury vehicles. Innovations in this segment can lead to increased market share and premium pricing.
• Focus on Electric Vehicle Lubricants: As electric vehicles become more prevalent, there is a need for specialized lubricants. Developing engine oils that cater to the unique requirements of electric vehicles presents a growth opportunity.
• Partnerships with Auto Manufacturers: Collaborating with automotive manufacturers to develop OEM-approved engine oils can drive growth. These partnerships can lead to increased visibility and market penetration in the original equipment segment.
• Investment in R&D: Investing in research and development to create advanced engine oils with improved performance and environmental benefits can lead to competitive advantages. This includes developing oils that meet stringent emission standards and offer enhanced protection.

These strategic growth opportunities are reshaping the engine oil market by focusing on innovation, emerging markets, and new vehicle technologies. Companies that leverage these opportunities can enhance their market presence and drive future growth.

Engine Oil Market Driver and Challenges

The engine oil market is influenced by various technological, economic, and regulatory factors. Understanding these drivers and challenges is crucial for navigating the market effectively.

The factors responsible for driving the engine oil market include:

• Technological Advancements: Innovations in engine oil formulations and additive technologies are driving market growth. These advancements improve engine performance, fuel efficiency, and longevity.
• Increasing Vehicle Ownership: Rising global vehicle ownership is boosting the demand for engine oils. As more vehicles require maintenance, the need for high-quality engine oils grows.
• Stringent Emission Regulations: Regulations aimed at reducing vehicle emissions are pushing the development of advanced engine oils. These oils help meet new environmental standards and improve fuel efficiency.
• Growing Aftermarket Demand: The expansion of the aftermarket segment for engine oils is driven by increased vehicle maintenance and replacement needs. This segment offers opportunities for growth and innovation.
• Rising Awareness of Oil Quality: Increased consumer awareness about the benefits of high-quality engine oils is driving demand. This awareness leads to greater emphasis on oil performance and longevity.

Challenges in the engine oil market are:

• Volatile Raw Material Prices: Fluctuations in the prices of raw materials used in engine oil production can impact profitability. Companies need to manage these cost variations effectively.
• Regulatory Compliance Costs: Meeting stringent environmental and performance regulations can lead to increased compliance costs. This affects pricing and profitability for engine oil manufacturers.
• Competition from Substitutes: The presence of alternative lubricants and technologies, such as bio-based oils, poses a challenge. Companies need to differentiate their products to stay competitive.
• Changing Consumer Preferences: Evolving consumer preferences towards eco-friendly and high-performance oils requires continuous innovation. Adapting to these changes can be challenging for traditional oil manufacturers.

The major drivers and challenges in the engine oil market highlight the need for innovation, cost management, and regulatory compliance. Addressing these factors effectively will be key to achieving sustained growth and competitiveness in the industry.

List of Engine Oil Companies

Companies in the market compete based on product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies, engine oil companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the engine oil companies profiled in this report include-

• BP
• Saudi Arabian Oil
• Vip Oil Products
• Shell
• Ashland
• Adolf Wurth
• Jiangsu Lopal Tech.
• GS Caltex India
• Chevron Corporation
• Castrol Limited

Engine Oil by Segment

The study includes a forecast for the global engine oil market by grade, engine type, vehicle type, sales channel, and region.

Engine Oil Market by Grade [Analysis by Value from 2019 to 2031]:

• Mineral
• Semi-Synthetic
• Fully-Synthetic

Engine Oil Market by Engine Type [Analysis by Value from 2019 to 2031]:

• Gasoline
• Diesel

Engine Oil Market by Vehicle Type [Analysis by Value from 2019 to 2031]:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Two Wheelers

Engine Oil Market by Sales Channel [Analysis by Value from 2019 to 2031]:

• Original Equipment Manufacturers
• Aftermarket

Engine Oil Market by Region [Analysis by Value from 2019 to 2031]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Engine Oil Market

Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. The below image highlights recent developments by major engine oil producers in key regions: the USA, China, India, Japan, and Germany.

• United States: Recent developments include the introduction of more fuel-efficient and eco-friendly engine oils. Manufacturers are focusing on improving oil performance to meet stringent emission regulations and enhance engine longevity.
• China: In China, there's a growing shift towards synthetic and high-performance engine oils driven by increasing automotive sales and environmental regulations. Companies are investing in R&D to cater to the demand for advanced lubricants.
• Germany: Germany is seeing advancements in high-tech engine oils that offer better fuel efficiency and engine protection. The emphasis is on meeting the Euro 7 emissions standards and improving the performance of both conventional and electric vehicles.
• India: In India, the market is expanding with a focus on affordable, high-quality engine oils to cater to the rising number of vehicles. There is also an increase in awareness about the benefits of regular oil changes for engine maintenance.
• Japan: Japan is experiencing a shift towards more eco-friendly engine oils as part of its broader environmental initiatives. Innovations in low-viscosity and high-performance oils are prevalent, aligning with the country's focus on sustainability.

Features of the Global Engine Oil Market

Market Size Estimates: Engine oil market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.

Segmentation Analysis: Engine oil market size by various segments, such as by grade, engine type, vehicle type, sales channel, and region in terms of value ($B).

Regional Analysis: Engine oil market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different grades, engine types, vehicle types, sales channels, and regions for the engine oil market.

Strategic Analysis: This includes M&A, new product development, and the competitive landscape of the engine oil market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

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This report answers the following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the engine oil market by grade (mineral, semi-synthetic, and fully-synthetic), engine type (gasoline and diesel), vehicle type (passenger cars, light commercial vehicles, heavy commercial vehicles, and two wheelers), sales channel (original equipment manufacturers and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Engine Oil Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2019 to 2031

• 3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
• 3.2. Global Engine Oil Market Trends (2019-2024) and Forecast (2025-2031)
• 3.3: Global Engine Oil Market by Grade
  • 3.3.1: Mineral
  • 3.3.2: Semi-Synthetic
  • 3.3.3: Fully-Synthetic
• 3.4: Global Engine Oil Market by Engine Type
  • 3.4.1: Gasoline
  • 3.4.2: Diesel
• 3.5: Global Engine Oil Market by Vehicle Type
  • 3.5.1: Passenger Cars
  • 3.5.2: Light Commercial Vehicles
  • 3.5.3: Heavy Commercial Vehicles
  • 3.5.4: Two Wheelers
• 3.6: Global Engine Oil Market by Sales Channel
  • 3.6.1: Original Equipment Manufacturers
  • 3.6.2: Aftermarket

4. Market Trends and Forecast Analysis by Region from 2019 to 2031

• 4.1: Global Engine Oil Market by Region
• 4.2: North American Engine Oil Market
  • 4.2.1: North American Market by Grade: Mineral, Semi-Synthetic, and Fully-Synthetic
  • 4.2.2: North American Market by Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Two Wheelers
• 4.3: European Engine Oil Market
  • 4.3.1: European Market by Grade: Mineral, Semi-Synthetic, and Fully-Synthetic
  • 4.3.2: European Market by Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Two Wheelers
• 4.4: APAC Engine Oil Market
  • 4.4.1: APAC Market by Grade: Mineral, Semi-Synthetic, and Fully-Synthetic
  • 4.4.2: APAC Market by Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Two Wheelers
• 4.5: ROW Engine Oil Market
  • 4.5.1: ROW Market by Grade: Mineral, Semi-Synthetic, and Fully-Synthetic
  • 4.5.2: ROW Market by Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Two Wheelers

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Engine Oil Market by Grade
  • 6.1.2: Growth Opportunities for the Global Engine Oil Market by Engine Type
  • 6.1.3: Growth Opportunities for the Global Engine Oil Market by Vehicle Type
  • 6.1.4: Growth Opportunities for the Global Engine Oil Market by Sales Channel
  • 6.1.5: Growth Opportunities for the Global Engine Oil Market by Region
• 6.2: Emerging Trends in the Global Engine Oil Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Engine Oil Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Engine Oil Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: BP
• 7.2: Saudi Arabian Oil
• 7.3: Vip Oil Products
• 7.4: Shell
• 7.5: Ashland
• 7.6: Adolf Wurth
• 7.7: Jiangsu Lopal Tech.
• 7.8: GS Caltex India
• 7.9: Chevron Corporation
• 7.10: Castrol Limited