Automotive Lubricants Market Size, Share & Forecast 2025-2033
Last updated
Last updated
IMARC Group’s report titled “Automotive Lubricants Market Report by Product (Engine Oil, Gear Oil, Transmission Fluids, Brake Fluids, Coolants, Greases, and Others), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Others), and Region 2025-2033”, The global automotive lubricants market size reached USD 81.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 107.1 Billion by 2033, exhibiting a growth rate (CAGR) of 3.3% during 2025-2033.
Factors Affecting the Growth of the Automotive Lubricants Industry:
More Vehicles, More Lubricants:
The demand for automotive lubricants is growing because more vehicles are being made and sold worldwide. As people buy more cars, especially in developing countries, the need for lubricants increases. Regular car maintenance requires these products to keep engines running smoothly. Electric vehicles (EVs) are also boosting the market, with special lubricants designed for their unique needs. By 2024, both traditional cars and EVs will drive higher demand for these products, encouraging lubricant makers to create better and more efficient options.
Focus on Eco-Friendly Lubricants:
People and governments are focusing more on eco-friendly products, and this is changing the automotive lubricants market. Consumers want products that are good for the environment, and companies are responding by making biodegradable and low-emission lubricants. Synthetic lubricants, which are cleaner and better for the environment, are becoming more popular. By 2024, eco-friendly lubricants are expected to grow in demand, as people choose greener options for their vehicles. This trend helps the planet and opens new opportunities for companies offering sustainable solutions.
Smarter and Better Lubricants::
Technology is making lubricants smarter and more advanced. New lubricants are designed to protect engines better, reduce friction, and last longer, which helps cars perform better. Companies are also using technologies like IoT and data analytics to monitor lubricants in real-time, helping drivers and businesses maintain vehicles more efficiently. By 2024, demand for these advanced lubricants will grow as vehicles become more modern and complex. Companies are focusing on creating products that work well in all conditions, ensuring top performance for all kinds of vehicles.
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Leading Companies Operating in the Global Automotive Lubricants Industry:
Amsoil Inc.
BP plc
Chevron Corporation
China National Petroleum Corporation
Exxon Mobil Corporation
Fuchs Group
Petronas Lubricants International Sdn Bhd
Phillips 66 Company
Royal Dutch Shell plc
SK Lubricants Co. Ltd.
Total SE
Valvoline Inc.
Automotive Lubricants Market Report Segmentation:
Breakup by Product:
Engine Oil
Gear Oil
Transmission Fluids
Brake Fluids
Coolants
Greases
Others
Breakup by Vehicle Type:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Others
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Automotive Lubricants Market Trends:
The automotive lubricants market is changing fast, driven by new trends. One major trend is the use of digital tools like data analysis to monitor how lubricants perform and adjust them as needed. By 2024, this will help drivers and fleet managers save money through smarter maintenance. There’s also a growing interest in multi-purpose lubricants that improve engine life, fuel efficiency, and reduce emissions, making vehicle care easier. Additionally, the rise of EVs and hybrid cars is pushing companies to create lubricants specifically for these types of vehicles. These trends show how the market is evolving, with a focus on better technology, greener products, and meeting the needs of modern vehicles.
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