USD 80.8 billion
Automotive Lubricants Market Size, Share, and Growth Analysis
Automotive Lubricants Market By Type (Engine Oil, Brake Oil), By Oil Type (Synthetic, Semi-synthetic), By Material (Mineral Oil, Fully Synthetic Oil), By Application (Two Wheelers, Three Wheelers), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15A2489 |
Region:
Global |
Published Date: February, 2025
Pages:
187
|Tables:
96
|Figures:
70
Format -
Automotive Lubricants Market Insights
Automotive Lubricants Market size was valued at USD 80.8 billion in 2023 and is poised to grow from USD 84.11 billion in 2024 to USD 116.0 billion by 2032, growing at a CAGR of 4.1% during the forecast period (2025-2032).
In recent times, consumer preferences have also changed immensely as they are actively moving towards eco-friendly lubricants. The increasing production of automobiles along with the change in demand pattern from heavy vehicles to lightweight vehicles is also contributing to the automotive lubricants market growth. This is because lightweight automobile reduces the weight of the vehicles and the carbon footprint.
The automotive lubricants market is dominated by Shell, ExxonMobil and BP who continue to invest in high-performance lubrication products. The environmental regulations and transition to electric vehicles are some of the main difficulties but they also present opportunities for specialized lubricants. The Asia-Pacific region is dominating the market, followed by Europe and North America. These regions are leading the market because of rising demand for vehicles and increasing manufacturing centers. In addition, there has been a growing demand for engine oils, brake fluids, and transmission fluids among both consumer and commercial automobiles, which is expected to provide a positive outlook to the global automotive lubricants market. Furthermore, the recent emphasis on formulating green derivatives to reduce air pollution will also create opportunities for growth in bio-based automotive lubricants in the upcoming years,
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Conventional Oil
Fastest Growth
Fully Synthetic Oil
Growth Rate
4.1% CAGR
Global Automotive Lubricants Market ($ Bn)
Country Share forAsia Pacific Region (%)
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Automotive Lubricants Market Segments Analysis
Global Automotive Lubricants Market is segmented by Type, Oil Type, Material, Application and region. Based on Type, the market is segmented into Engine Oil, Brake Oil, Gear Oil, Grease and Others. Based on Oil Type, the market is segmented into Synthetic, Semi-synthetic and Conventional. Based on Material, the market is segmented into Mineral Oil, Fully Synthetic Oil, Semi-Synthetic Oil and Bio-Based Oil. Based on Application, the market is segmented into Two Wheelers, Three Wheelers, Passenger Cars, Light-Weight Commercial Vehicles and Heavy-Weight Commercial Vehicles. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Product Type
Based on product type, the engine oil segment is dominating the market with the largest automotive lubricants market share. The engine oil is an essential segment of the automotive lubricants market, because it can improve the performance and longevity of the engine. There are various types of engine oil available in the market such as fully synthetic, part synthetic, and mineral oils. Furthermore, engine oil has an extensive range of characteristics like high viscosity, heat resistance, wear protection, and strength, contributing to the growth of the engine oils segment. This segment also depends on a wide range of vehicles including passenger cars, commercial vehicles, and motorcycles. The expansion of this segment is supported by the increasing need for more complex automotive engines, improved emissions standards, and wider use of synthetic and semi-synthetic oil products. Moreover, focus is increasing towards developing sustainable formulations that meet regulatory requirements. This segment is characterized by continuous changes and addition of new ingredients to improve viscosity and oxidation resistance.
The brake fluid segment is expected to grow at a significant CAGR during the forecast period. The brake fluid are mainly hydraulic fluids that are generally utilized in car hydraulic braking and clutch application. The primary function of brake fluids is to supply an incompressible medium which transmits the driver's foot pressure on the brake pedal for locking the friction material against the discs. This helps in increasing the safety of the vehicle and improves the performance of the brake pedal. The growing concern towards safety in vehicles and development in the braking system component, raises the requirement of high-end brake fluids. The market players have started launching brake fluids with better thermal resistance and anti-corrosion properties which meet the changing requirements of modern vehicles.
Analysis by Oil Type
Based on oil type, the conventional oil segment is dominating the automotive lubricants market. With its low cost and easy access, conventional oil remains an important segment in the automotive lubricants market. Conventional oils are made from refined crude oil and are widely used in older cars with low mileage. The conventional oil helps in lubricating standard engines within normal operating temperatures by reducing wear and friction. Though there has been a transition towards synthetic substitutes, this segment is quite well established, particularly in the developing regions where price is the primary factor. Increased refining capacity and the use of blends and performance additives continue to enhance the growth of this market.
As per automotive lubricants market analysis, fully synthetic oil segment is experiencing tremendous growth in recent years. In the automotive lubricants market, fully synthetic oil has distinguished itself as the most premium offering in terms of performance and durability. The fully synthetic oil has the potential to provide better resistance to severe temperature, pressure, and deposits because of a chemical reaction due to which it is ideal for vehicles that travel during harsh weather conditions. The fully synthetic oil is primarily utilized by modern engines because it helps in improving the performance of the vehicle. This segment is growing fast as more people are acknowledging the advantages of synthetic oils such as improved engine performance, lower wear and tear, and the need to change oil less frequently. These types of oil are recommended by car manufacturers in order to comply with high environmental regulation and performance. This includes new chemical formulations which can also be biodegradable that are creating fully synthetic oils as a good option for the future.
Global Automotive Lubricants Market Analysis by Oil Type
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Automotive Lubricants Market Regional Insights
Asia-Pacific is dominating with the largest automotive lubricants market share. The market is largely dominated by this region, and that is primarily because of the large-scale automotive production as well as the increasing number of vehicles. Countries like China, India, Japan are immensely contributing to the growth of the market because they have a large consumer base and a rapidly growing working population. Furthermore, economic advancement of the region and globalization has led to more people having vehicles which in return increased the need for automotive lubricants. Furthermore, the policies focused on infrastructure development as well as industrialization are also increasing the number of commercial vehicles used, which in turn increases the use of lubricants. In recent times, people are becoming more aware about maintaining their vehicles for reducing carbon footprint, which is also increasing the demand for higher quality synthetic lubricants.
Over the course of the projected period, it is anticipated that the automotive lubricants market in Europe would expand with the highest growth rate. Europe showcases a long-established yet evolving automotive lubricants market that has strong regulatory policies and environmental protection tendencies. The automotive sector in this region is quite developed and advanced, with major countries including Germany, France, and Italy being the largest manufacturers and exporters of automobiles. The globalization of electric and hybrid vehicles' market is changing the lubricant market and subsequently increasing the demand for tailored lubricants. Europe's focus on getting a net-zero carbon has heightened the transition to synthetic and bio-based lubricants, which are both more efficient and less polluting. Furthermore, the growing concern of consumers in terms of engine and fuel economy is a factor that is expected to boost the consumption of lubricants. Many lubricant companies and automobile manufacturers are also joining forces to invent greener and sustainable products.
Global Automotive Lubricants Market By Geography
- Largest
- Fastest
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Automotive Lubricants Market Dynamics
Automotive Lubricants Market Drivers
Increasing Number of Road Accidents
- Over the past several years, the number of road crashes has significantly increased. This has created the demand for improved on-road effectiveness of automobiles and impact resistance from extreme pressure, weight, and force through application of automotive lubricants. Therefore, the growing number of deaths resulting from road accidents is likely to propel the growth of global automotive lubricants market in the forecast period. For example, in 2022 the World Health Organization reported that over 1.3 million people die of road traffic accidents across the world every year.
Rapid Expansion of Aftermarket Services
- The expansion of the automotive aftermarket, including repairs and services, significantly propels the requirement for lubricants. For example, the emergence of independent repair centers and specialized service facilities has increased the amount of good quality lubricants required. This pattern can be seen in the U.S., as the aftermarket segment is growing due to the increase in vehicle use, and the need for effective vehicle preservation increases.
Automotive Lubricants Market Restraints
Unstable Raw Material Prices
- Changes in prices of necessary raw materials to produce automotive lubricants, for instance base oils and additives tend to be quite severe. Unfortunately, in such scenarios it is often difficult for manufacturers to maintain stable pricing due to varying costs of production. Consequently, profit margins are affected as it forces companies to operate at high costs, which later hinders the stability and growth of the market.
Huge Competition from Alternative Sources
- The development of alternative automotive fluids, such as bio lubricants and advanced synthetic lubricants, puts a lot of pressure on the traditional automotive lubricant market. As consumers are looking for eco-friendly and technologically advanced means, conventional lubricants are facing stiff competition. This change in demand towards alternatives is compelling manufacturers to adjust swiftly or they can lose their market share, making the competitive environment more difficult for established products.
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Automotive Lubricants Market Competitive Landscape
The automotive lubricants industry is highly competitive with major companies such as Royal Dutch Shell, ExxonMobil, BP, and TotalEnergies firmly embedded into the sector. These players are directing their resources towards enhancing their distribution networks and R&D capabilities. The players are also increasing their investments in the manufacturing of synthetic and bio lubricants which meet up with the current consumer and regulatory requirements. Local players are also important as they satisfy local needs at reasonable costs. The competition has become more pronounced with the advent of e-commerce systems through which businesses are able to expand their customer base and offer tailored services effectively.
Top Players in Automotive Lubricants Market
- ExxonMobil Corporation (United States)
- BP p.l.c. (United Kingdom)
- Chevron Corporation (United States)
- TotalEnergies (France)
- Petrobras (Brazil)
- China National Petroleum Corporation (China)
- Sinopec (China)
- JXTG Nippon Oil & Energy Corporation (Japan)
- Valvoline LLC (United States)
- Phillips 66 (United States)
- FUCHS PETROLUB SE (Germany)
- Idemitsu Kosan (Japan)
- Lukoil (Russia)
- Indian Oil Corporation Limited (India)
- SK Lubricants Co., Ltd. (South Korea)
- Pertamina (Indonesia)
- Repsol S.A. (Spain)
- Gazprom Neft (Russia)
- Hindustan Petroleum Corporation Limited (India)
- AMSOIL INC. (United States)
Recent Developments
- In May 2023, Lumax Auto Technologies Limited, which is engaged in the manufacture of automotive systems and components, has launched new range of lubricants and coolants for passenger vehicles, two wheelers, three wheelers and commercial vehicles.
- In March 2023, Uno Minda made an announcement regarding the launch of its engine oils for two-wheeler vehicles in Indian market. The manufacturer has assured that these lubricants can be used on BS-VI vehicles.
- In October 2022, Total Energies joined forces with MG Motor to create a new series of lubricants for the Chilean market. The new item is anticipated to be MG Oil, marking the debut of MG Motor-use automobile oil. This new product is expected to be produced purely in Chile, thereby enhancing Total Energies’ reach in that region.
Automotive Lubricants Key Market Trends
- Rising Awareness about Vehicle Maintenance: An increase in the knowledge of maintenance of a vehicle has also created a key opportunity in the automotive lubricant market. With numerous individuals getting to know the advantages of taking care of an engine regularly, the demand for high quality lubricants is bound to increase. For example, marketing initiatives of prominent lubricant corporations like Castrol and Mobil tackle the issue of regular oil change, encouraging consumers and increasing sales of lubricants. This tendency clearly indicates that the market for sophisticated and premium lubricant products is on the rise.
- Growing Advancement in Technology: The market for lubricants is rapidly expanding due to technological advancements in lubricant formulations such as high-performance lubricants and advanced synthetic oils. For example, Mobil 1 was developed to boost efficiency in engine operation, combat wear and tear, and lengthen the time before oil replacements are needed. Such advancements increase the fuel efficiency, contributing to the expansion of the market.
Automotive Lubricants Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the automotive lubricants industry is a crucial component in the overall sustainability of any vehicle. The growing worldwide number of vehicles as well as new developments in automotive technologies spurs the demand for high quality lubricants. These products have been known to minimize friction, reduce excessive wear and even improve fuel economy due to which they are essential for any form of vehicle maintenance. These include engine oils, transmission fluids, gear oils, and more which are supplied to passenger cars, commercial vehicles, and two wheelers. There are also increasing concerns over environmental regulations which are pushing the use of synthetic and bio-based lubricants. In addition, rising household incomes and growing transportation networks in developing countries are additionally intensifying the growth of the automotive lubricants market globally.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 80.8 billion |
| Market size value in 2032 | USD 116.0 billion |
| Growth Rate | 4.1% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Lubricants Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Lubricants Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Lubricants Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Lubricants Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Lubricants Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Lubricants Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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