封面
市場調查報告書
商品編碼
1735652

全球汽車機油市場規模(按等級、燃料類型、車輛類型、區域範圍和預測)

Global Automotive Engine Oil Market Size By Grade (Mineral, Semi-Synthetic, Fully-Synthetic), By Fuel Type (Diesel, Gasoline, Alternative Fuel), By Vehicle (Passenger Cars, Commercial Vehicles), By Geographic Scope And Forecast

出版日期: | 出版商: Verified Market Research | 英文 202 Pages | 商品交期: 2-3個工作天內

價格
簡介目錄

汽車機油市場規模及預測

2024 年汽車機油市場規模價值 445.1 億美元,預計到 2032 年將達到 609.2 億美元,複合年成長率為 4.00%。

  • 汽車引擎機油是專為車輛內燃機設計的潤滑劑。其主要作用是減少引擎部件之間的磨損和摩擦,確保引擎平穩運行並延長使用壽命。
  • 它潤滑曲軸、凸輪軸和活塞等運動部件,防止金屬與金屬接觸,避免過熱和引擎損壞。這種潤滑有助於減少摩擦和磨損,並延長引擎零件的使用壽命。
  • 引擎油密封零件之間的間隙,例如氣缸壁和活塞環之間的間隙,以保持最佳壓縮並防止燃燒氣體逸出 - 這種密封功能對於高效的引擎性能至關重要。
  • 現代機油含有添加劑,可增強引擎在不同駕駛條件下(例如高溫、高速和高負荷)的性能。這些添加劑有助於懸浮和分散污垢、碎屑和燃燒副產物等雜質,防止它們損壞引擎。

全球汽車機油市場動態

影響全球汽車機油市場的關鍵市場動態是:

關鍵市場促進因素

  • 全球汽車持有不斷成長:全球汽車保有量的不斷成長推動了汽車機油的需求。根據國際汽車製造商工業(OICA) 的數據,到 2024 年,全球汽車持有將達到 14.8 億輛,年增率為 3.5%。這一成長將直接轉化為機油消費量的增加。
  • 轉向合成油和半合成油:汽車行業擴大採用合成油和半合成油,因為它們具有卓越的性能特徵。
  • 更嚴格的燃油經濟性和排放法規:隨著世界各國政府實施更嚴格的燃油經濟性標準,對高性能機油的需求日益成長。美國環保署 (EPA) 和國家公路交通安全管理局 (NHTSA) 制定了企業平均燃油經濟性 (CAFE) 標準,目標是到 2026 年,乘用車和輕型卡車的平均燃油經濟性達到 49 英里/加侖。這導致過去五年低黏度機油的需求增加了 15%。
  • 車齡不斷延長:隨著車輛使用壽命的延長,用於保護老舊引擎的機油的需求也日益成長。根據 IHS Markit 的數據,到 2024 年,美國道路上輕型車輛的平均車齡將達到創紀錄的 12.2 年。這一趨勢推動了售後市場對機油的需求,預計該市場將以每年 3% 的速度成長。

主要挑戰

  • 電動車的普及:純電動車日益普及,無需使用傳統機油,這可能會限制市場成長。根據國際能源總署 (IEA) 的數據,到 2024 年,全球電動車銷量將達到 1,000 萬輛,較 2022 年成長 55%。 IEA 預測,到 2032 年,電動車將取代每日近 250 萬桶石油產品的需求。
  • 環境問題與日益嚴格的法規:環保意識的增強以及石油處理和排放法規的日益嚴格正在影響市場。美國環保署 (EPA) 報告稱,美國水道中約 40% 的石油污染是由於廢機油處理不當造成的。這導致相關法規的加強,目前美國已有 38 個州實施了廢機油回收計劃,過去五年中,消費者和企業的廢機油處理成本平均上漲了 15%。
  • 延長換油間隔:引擎技術和機油品質的進步使得換油間隔更長,從而可能降低整體消費量。根據凱利藍皮書的一項研究,新車的平均建議換油間隔已從21世紀初的3000英里增加到2024年的7800英里。這一趨勢導致過去十年新車換油頻率下降了30%。
  • 原油價格波動:原油價格波動直接影響機油的生產成本,並導致市場不穩定。根據美國能源資訊署 (EIA) 的數據,2024 年原油價格波動超過 30%,平均價格在每桶 65 美元至 85 美元之間。這一波動導致同期機油的平均生產成本上漲 12%。

主要趨勢

  • 轉向合成油和半合成油:市場對高性能合成油和半合成機油的需求強勁。
  • 低黏度機油需求不斷成長:低黏度機油因其在燃油經濟性方面的優勢,其趨勢正在成長。根據美國石油協會 (API) 的報告,低黏度機油(0W-20 或更低)的市場佔有率將從 2015 年的 15% 成長到 2024 年的 35%。預計這一趨勢將持續下去,到 2028 年將佔據 50% 的市場佔有率。
  • 生物基和環保引擎油的興起:環境問題正在推動生物基和環保引擎油的開發和採用。
  • 奈米技術與引擎油配方的整合:奈米技術正日益被用於提升引擎油性能。根據《奈米材料雜誌》發表的一項研究,奈米添加劑可將引擎油的抗磨性能提高高達30%,並將摩擦降低高達25%。預計2024年至2028年,奈米添加劑引擎油市場的複合年成長率將達到7.5%。
  • 機油客製化和專業化:機油製造商正在不斷開發針對特定車型和駕駛條件的客製化產品。根據Lubes'n'Greases的報告,過去五年來,市場上可用的機油配方數量增加了35%。這一趨勢在商用車領域尤其明顯,專用機油的銷售量已從2018年的15%成長至25%。

目錄

第1章 全球車用機油市場介紹

  • 市場介紹
  • 研究範圍
  • 先決條件

第2章執行摘要

第3章:已驗證的市場研究調查方法

  • 資料探勘
  • 驗證
  • 第一手資料
  • 資料來源列表

第4章 全球車用機油市場展望

  • 概述
  • 市場動態
    • 驅動程式
    • 限制因素
    • 機會
  • 波特五力模型
  • 價值鏈分析

第5章 全球汽車機油市場(依等級)

  • 概述
  • 礦物油
  • 半合成
  • 全合成

6. 全球汽車機油市場(依燃料類型)

  • 概述
  • 柴油引擎
  • 汽油
  • 替代燃料

第7章全球汽車機油市場(依車型)

  • 概述
  • 搭乘用車
  • 商用車

8. 全球汽車機油市場(按地區)

  • 概述
  • 北美洲
    • 美國
    • 加拿大
    • 墨西哥
  • 歐洲
    • 德國
    • 英國
    • 法國
    • 其他歐洲國家
  • 亞太地區
    • 中國
    • 日本
    • 印度
    • 其他亞太地區
  • 世界其他地區
    • 拉丁美洲
    • 中東和非洲

第9章:全球汽車機油市場競爭格局

  • 概述
  • 企業市場排名
  • 供應商格局
  • 主要發展策略

第10章 公司簡介

  • Adolf Wurth GmbH& C0. KG
  • Total SA
  • BP Plc.
  • Saudi Arabian Oil Co.
  • Chevron Corp.
  • Castor Limited
  • Gazprom
  • China Petroleum & Chemical Corp.
  • Exxon Mobil Corp.

第11章 附錄

  • 相關調查
簡介目錄
Product Code: 34394

Automotive Engine Oil Market Size And Forecast

The Automotive Engine Oil Market size was valued at USD 44.51 Billion in 2024 and is projected to reach USD 60.92 Billion by 2032, growing at a CAGR of 4.00% from .

  • Automotive engine oil is a specialized lubricant designed for use in the internal combustion engines of automobiles. Its primary role is to reduce wear and friction among engine components, ensuring smooth operation and longevity.
  • It lubricates moving parts such as crankshafts, camshafts, and pistons to prevent metal-on-metal contact, which can cause overheating and potential engine damage. This lubrication helps reduce friction, wear, and tear, thereby extending the lifespan of engine components.
  • Engine oil helps seal gaps between parts, such as between the cylinder walls and piston rings, to maintain optimal compression and prevent the escape of combustion gases. This sealing function is vital for efficient engine performance.
  • Modern engine oils contain additives that enhance their performance under various operating conditions, such as high temperatures, high speeds, and heavy loads. These additives help suspend and distribute impurities like dirt, debris, and combustion byproducts, preventing them from causing damage to the engine.

Global Automotive Engine Oil Market Dynamics

The key market dynamics that are shaping the global automotive engine oil market include:

Key Market Drivers

  • Growing Global Vehicle Fleet: The increasing number of vehicles worldwide is driving the demand for automotive engine oil. According to the International Organization of Motor Vehicle Manufacturers (OICA), the global vehicle fleet reached 1.48 billion units in 2024, growing at an annual rate of 3.5%. This expansion directly correlates with increased engine oil consumption.
  • Shift towards Synthetic and Semi-synthetic Oils: The automotive industry is increasingly adopting synthetic and semi-synthetic oils due to their superior performance characteristics.
  • Stringent Fuel Efficiency and Emission Regulations: Governments worldwide are implementing stricter fuel efficiency standards, driving the need for high-performance engine oils. The U.S. Environmental Protection Agency (EPA) and National Highway Traffic Safety Administration (NHTSA) have set Corporate Average Fuel Economy (CAFE) standards targeting an average of 49 mpg for passenger cars and light trucks by 2026. This has led to a 15% increase in demand for low-viscosity engine oils in the past five years.
  • Increasing Average Vehicle Age: As vehicles are lasting longer, there's a growing need for engine oils that can protect older engines. According to IHS Markit, the average age of light vehicles on U.S. roads reached a record high of 12.2 years in 2024. This trend is pushing the aftermarket demand for engine oils, with a projected 3% annual growth in this segment.

Key Challenges

  • Rising Adoption of Electric Vehicles: The increasing popularity of fully electric vehicles, which don't require traditional engine oil, is potentially limiting market growth. According to the International Energy Agency (IEA), global electric car sales reached 10 million in 2024, a 55% increase from 2022. The IEA projects that by 2032, electric vehicles could displace the demand for nearly 2.5 million barrels per day of oil products.
  • Environmental Concerns and Stricter Regulations: Growing environmental awareness and tighter regulations on oil disposal and emissions are impacting the market. The Environmental Protection Agency (EPA) reports that about 40% of all oil pollution in America's waterways comes from improper disposal of used motor oil. This has led to stricter regulations, with 38 U.S. states now having used oil collection programs, increasing disposal costs for consumers and businesses by an average of 15% over the past five years.
  • Extended Oil Change Intervals: Advancements in engine technology and oil quality are leading to longer intervals between oil changes, potentially reducing overall consumption. A study by Kelley Blue Book found that the average recommended oil change interval has increased from 3,000 miles in the early 2000s to 7,800 miles in 2024 for new vehicles. This trend has resulted in a 30% reduction in the frequency of oil changes for newer vehicles over the past decade.
  • Volatility in Crude Oil Prices: Fluctuations in crude oil prices directly affect the cost of producing engine oil, creating market instability. According to the U.S. Energy Information Administration (EIA), crude oil prices fluctuated by over 30% in 2024, with the average price per barrel ranging from $65 to $85. This volatility led to a 12% increase in the average cost of engine oil production during the same period.

Key Trends

  • Shift Towards Synthetic and Semi-Synthetic Oils: The market is seeing a strong trend towards high-performance synthetic and semi-synthetic engine oils.
  • Increasing Demand for Low-Viscosity Engine Oils: There's a growing trend towards low-viscosity engine oils due to their fuel economy benefits. The American Petroleum Institute (API) reports that the market share of low-viscosity engine oils (0W-20 and lower) has increased from 15% in 2015 to 35% in 2024. This trend is projected to continue, with these oils expected to capture 50% of the market by 2028.
  • Rise Of Bio-Based and Eco-Friendly Engine Oils: Environmental concerns drive the development and adoption of bio-based and more environmentally friendly engine oils.
  • Integration Of Nanotechnology in Engine Oil Formulations: Nanotechnology is increasingly used to enhance the performance of engine oils. A study published in the Journal of Nanomaterials indicates that nano-additives can improve the anti-wear properties of engine oils by up to 30% and reduce friction by up to 25%. The market for nano-enhanced engine oils is expected to grow at a CAGR of 7.5% from 2024 to 2028.
  • Customization And Specialization of Engine Oils: Engine oil manufacturers are increasingly developing specialized products for specific vehicle types and operating conditions. According to a report by Lubes'n'Greases, the number of engine oil formulations available in the market has increased by 35% over the past five years. This trend is particularly pronounced in the commercial vehicle segment, where specialized engine oils now account for 25% of total sales, up from 15% in 2018.

Global Automotive Engine Oil Market Regional Analysis

Here is a more detailed regional analysis of the global automotive engine oil market:

Asia Pacific

  • Asia Pacific substantially dominates the global automotive engine oil market owing to the rapid growth in vehicle ownership.
  • The Asia Pacific region, particularly countries like China and India, is experiencing a significant increase in vehicle ownership. According to the International Organization of Motor Vehicle Manufacturers (OICA), China alone had 292 million vehicles in use as of 2022, with a growth rate of 7.8% year-over-year. India's vehicle fleet is expected to grow from 295 million in 2022 to 500 million by 2032, as per a report by the India Energy Storage Alliance.
  • The region, especially India, has a large and growing two-wheeler market, contributing significantly to engine oil demand. The Society of Indian Automobile Manufacturers (SIAM) reports that India's two-wheeler sales reached 15.8 million units in FY 2022-23. According to Mordor Intelligence, the Asia Pacific two-wheeler market is expected to grow at a CAGR of 7.2% from 2021 to 2026.
  • Many countries in the Asia Pacific region are becoming major automotive manufacturing hubs. The China Association of Automobile Manufacturers (CAAM) reports that China produced 27.02 million vehicles in 2022. According to the Thailand Board of Investment, Thailand aims to manufacture 2.5 million vehicles annually by 2032, up from 1.7 million in 2021.
  • Increasing disposable income and rapid urbanization in the region are driving vehicle ownership and, consequently, engine oil demand. The Asian Development Bank reports that the urban population in Asia is expected to grow from 1.84 billion in 2017 to 3 billion by 2050. The World Bank projects that the middle class in South Asia alone will grow from 24% of the population in 2015 to 65% by 2032.
  • The growing average age of vehicles in many Asian countries is boosting aftermarket demand for engine oil. According to a report by Lang Marketing, the average age of vehicles in China increased from 4.9 years in 2015 to 6.1 years in 2022.

North America

  • North America is anticipated to witness the fastest growth in the global automotive engine oil market during the forecast period.
  • The growth in e-commerce and logistics is driving demand for commercial vehicles, which require more frequent oil changes. According to the American Trucking Association, the U.S. trucking industry moved 11.84 billion tons of freight in 2022, representing 72.2% of domestic tonnage shipped. The U.S. Bureau of Transportation Statistics reports that commercial truck vehicle miles traveled increased by 2.8% annually from 2012 to 2022.
  • North American consumers are increasingly choosing synthetic oils for their superior performance and longevity. A report by the Freedonia Group indicates that synthetic motor oil demand in the U.S. is projected to grow at an annual rate of 5.8% through 2025, reaching a market value of USD 7.7 Billion. Synthetic oils now account for over 70% of motor oil sales in the U.S.
  • The increasing age of vehicles on North American roads is boosting aftermarket demand for engine oil. Shift towards lower viscosity oils: Automakers are increasingly recommending lower viscosity oils to meet fuel efficiency standards.
  • The U.S. Department of Energy reports that the market share of 0W-20 and lower viscosity engine oils in new vehicles has increased from 5% in 2010 to over 60% in 2024. This trend is expected to continue, with these oils projected to account for 80% of new vehicle oil fill by 2032.
  • The U.S. Environmental Protection Agency (EPA) has set Corporate Average Fuel Economy (CAFE) standards targeting an average of 49 mpg for passenger cars and light trucks by 2026. This has led to a 25% increase in the use of turbocharged engines in new vehicles over the past five years, according to Ward's Auto. These engines often require specific high-performance engine oils.

Global Automotive Engine Oil Market: Segmentation Analysis

The Global Automotive Engine Oil Market is segmented based on Grade, Fuel Type, Vehicle, And Geography.

Automotive Engine Oil Market, By Grade

  • Mineral
  • Semi-Synthetic
  • Fully-Synthetic

Based on Grade, the Global Automotive Engine Oil Market is bifurcated into Mineral, Semi-Synthetic, and Fully-Synthetic. The synthetic oil segment dominates in the Global Automotive Engine Oil Market owing to its superior properties compared to mineral-based oils. Created by polymerizing short-chain alpha-olefins into long-chain poly alpha-olefins, synthetic oil offers improved fuel efficiency, reduced oil consumption, and extended service intervals.

Automotive Engine Oil Market, By Fuel Type

  • Diesel
  • Gasoline
  • Alternative Fuel

Based on Fuel Type, the Global Automotive Engine Oil Market is bifurcated into Diesel, Gasoline, and Alternative Fuel. The diesel segment is set to lead the Global Automotive Engine Oil Market driven by increased automotive production, heightened consumer awareness of oil benefits, and strong demand from the automotive sector. Diesel engine oil is favored over gasoline and alternative fuels due to its performance and environmental considerations.

Automotive Engine Oil Market, By Vehicle

  • Passenger Cars
  • Commercial Vehicles

Based on Vehicle, the Global Automotive Engine Oil Market is bifurcated into Passenger Cars and Commercial Vehicles. The passenger car segment dominates in the global automotive engine oil market driven by the large number of on-road passenger cars, increased production, heightened maintenance practices, stringent government regulations on emissions, and improvements in roadways and economic conditions.

Automotive Engine Oil Market, By Geography

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

Based on Geography, the Global Automotive Engine Oil Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific substantially dominates the global automotive engine oil market owing to the rapid growth in vehicle ownership. The Asia Pacific region, particularly countries like China and India, is experiencing a significant increase in vehicle ownership. According to the International Organization of Motor Vehicle Manufacturers (OICA), China alone had 292 million vehicles in use as of 2022, with a growth rate of 7.8% year-over-year. India's vehicle fleet is expected to grow from 295 million in 2022 to 500 million by 2032, as per a report by the India Energy Storage Alliance.

Key Players

The "Global Automotive Engine Oil Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Adolf Wurth GmbH & Co. KG, Total S.A, BP Plc., Saudi Arabian Oil Co., Chevron Corp., Castor Limited, Gazprom, China Petroleum & Chemical Corp., and Exxon Mobil Corp.

  • This section offers in-depth analysis through a company overview, position analysis, the regional and industrial footprint of the company, and the ACE matrix for insightful competitive analysis. The section also provides an exhaustive analysis of the financial performances of mentioned players in the given market.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and global market ranking analysis of the players as mentioned earlier.

Global Automotive Engine Oil Market Key Developments

  • In May 2022, Idemitsu Lube, a Japanese supplier and manufacturer of automotive engine oil, announced the launch of new engine oil products for motorbikes and cars. Furthermore, the firm claimed that the new engine oil series was cutting-edge and specifically designed to protect engines.
  • In September 2021, Mobil SuperTM All-in-One Protection SUV Pro synthetic engine oil was introduced. The company's launch will help it generate revenue while also providing its clients with a diverse product offering.
  • In November 2020, Honda Motorcycle and Scooter India announced an agreement with Repsol Lubricants to launch the Honda Repsol MOTO BIKER & MOTO SCOOTER lubricating oils in India.

TABLE OF CONTENTS

1 INTRODUCTION OF GLOBAL AUTOMOTIVE ENGINE OIL MARKET

  • 1.1 Introduction of the Market
  • 1.2 Scope of Report
  • 1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

  • 3.1 Data Mining
  • 3.2 Validation
  • 3.3 Primary Interviews
  • 3.4 List of Data Sources

4 GLOBAL AUTOMOTIVE ENGINE OIL MARKET OUTLOOK

  • 4.1 Overview
  • 4.2 Market Dynamics
    • 4.2.1 Drivers
    • 4.2.2 Restraints
    • 4.2.3 Opportunities
  • 4.3 Porters Five Force Model
  • 4.4 Value Chain Analysis

5 GLOBAL AUTOMOTIVE ENGINE OIL MARKET, BY GRADE

  • 5.1 Overview
  • 5.2 Mineral
  • 5.3 Semi-Synthetic
  • 5.4 Fully-Synthetic

6 GLOBAL AUTOMOTIVE ENGINE OIL MARKET, BY FUEL TYPE

  • 6.1 Overview
  • 6.2 Diesel
  • 6.3 Gasoline
  • 6.4 Alternative Fuel

7 GLOBAL AUTOMOTIVE ENGINE OIL MARKET, BY VEHICLE

  • 7.1 Overview
  • 7.2 Passenger Cars
  • 7.3 Commercial Vehicles

8 GLOBAL AUTOMOTIVE ENGINE OIL MARKET, BY GEOGRAPHY

  • 8.1 Overview
  • 8.2 North America
    • 8.2.1 U.S.
    • 8.2.2 Canada
    • 8.2.3 Mexico
  • 8.3 Europe
    • 8.3.1 Germany
    • 8.3.2 U.K.
    • 8.3.3 France
    • 8.3.4 Rest of Europe
  • 8.4 Asia Pacific
    • 8.4.1 China
    • 8.4.2 Japan
    • 8.4.3 India
    • 8.4.4 Rest of Asia Pacific
  • 8.5 Rest of the World
    • 8.5.1 Latin America
    • 8.5.2 Middle East and Africa

9 GLOBAL AUTOMOTIVE ENGINE OIL MARKET COMPETITIVE LANDSCAPE

  • 9.1 Overview
  • 9.2 Company Market ranking
  • 9.3 Vendor Landscape
  • 9.4 Key Development Strategies

10 COMPANY PROFILES

  • 10.1 Adolf Wurth GmbH& C0. KG
    • 10.1.1 Overview
    • 10.1.2 Financial Performance
    • 10.1.3 Product Outlook
    • 10.1.4 Key Developments
  • 10.2 Total S.A
    • 10.2.1 Overview
    • 10.2.2 Financial Performance
    • 10.2.3 Product Outlook
    • 10.2.4 Key Developments
  • 10.3 BP Plc.
    • 10.3.1 Overview
    • 10.3.2 Financial Performance
    • 10.3.3 Product Outlook
    • 10.3.4 Key Developments
  • 10.4 Saudi Arabian Oil Co.
    • 10.4.1 Overview
    • 10.4.2 Financial Performance
    • 10.4.3 Product Outlook
    • 10.4.4 Key Developments
  • 10.5 Chevron Corp.
    • 10.5.1 Overview
    • 10.5.2 Financial Performance
    • 10.5.3 Product Outlook
    • 10.5.4 Key Developments
  • 10.6 Castor Limited
    • 10.6.1 Overview
    • 10.6.2 Financial Performance
    • 10.6.3 Product Outlook
    • 10.6.4 Key Developments
  • 10.7 Gazprom
    • 10.7.1 Overview
    • 10.7.2 Financial Performance
    • 10.7.3 Product Outlook
    • 10.7.4 Key Developments
  • 10.8 China Petroleum & Chemical Corp.
    • 10.8.1 Overview
    • 10.8.2 Financial Performance
    • 10.8.3 Product Outlook
    • 10.8.4 Key Developments
  • 10.9 Exxon Mobil Corp.
    • 10.9.1 Overview
    • 10.9.2 Financial Performance
    • 10.9.3 Product Outlook
    • 10.9.4 Key Developments

11 Appendix

  • 11.1 Related Research