The future of the global automotive lubricant market looks promising with opportunities in the engine oil, gear and brake oil, transmission fluid, and grease applications. The global automotive lubricant market is expected to reach an estimated $85.9 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are rising demand for high-performance and lightweight vehicles and escalating consumer preference towards sustainable lubricants.

Some of the Key Questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the automotive lubricant market by base oil (synthetic lubricants, semisynthetic lubricants, bio-based lubricants, and mineral oil lubricants), vehicle type (passenger cars, light commercial vehicles, heavy commercial vehicles, and others), application (engine oil, gear and brake oil, transmission fluids, greases, and others), 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?

Market Segmentation:

In this market, synthetic, semisynthetic, bio-based, and mineral oil are the major segments of automotive lubricant market by base oil. Lucintel forecasts that mineral oil will remain the largest segment over the forecast period due to its multiple usage in mechanical components of vehicles, such as engine, transmission assembly, and brake assembly.

Within this market, engine oil is expected to witness the highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period due to growth in urbanization and industrialization, rising demand for passenger cars, and augmenting consumer's disposable income in the region.

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Indian Oil Corporation, BP, PetroChina, Exxon Mobil, FUCHS, Chevron, and Valvoline are the major suppliers in the automotive lubricant market."