Agricultural Lubricant Market: In-Depth Analysis on Size, Application, Share, SWOT Analysis and Top Key Company’s (BP PLC, Chevron, Cougar Lubricants, Crown Oil, Exol Lubricants, Exxon Mobil, Fuchs) | Global Foreseen Till 2023

Marketprognosis.com Publish a New Market Research Report On “Global Agricultural Lubricant Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Agricultural Lubricant Market:

The Global Agricultural Lubricant Market is expected to witness a CAGR of 4.8% during the forecast period of 2018 - 2023, driven by the provision of subsidy for agricultural machinery, such as tractors by the Indian and Chinese governments. Increasing mechanization in the agricultural industry is also likely to stimulate the agricultural lubricant market in the coming years.

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The governments of various countries, such as India and China, are providing subsidy on the purchase of agricultural equipment and encouraging farmers to employ modern farming practices at different levels to increase food production. The government of India has announced a Tractor Subsidy Scheme to give 25% subsidy to farmers for tractors, which is likely to drive the agricultural lubricants market.

The global agricultural lubricant market, based on the end-user application, can be broadly segmented into engines, gear and transmission, hydraulics, greasing and others. Engines are expected to dominate the agricultural lubricant market, followed by the gear and transmission segment. Engine oils are used to protect against wear in agricultural equipment and to enhance performance at extreme temperatures. The demand for engine application is expected to increase during the forecast period, owing to the increasing use of lubricants in heavy-duty vehicles such as tractors in agriculture and growing mechanization in the agricultural industry in the Asia-Pacific region.

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In terms of consumption, Asia-Pacific held a significant market share in 2017, with around 60% of the country’s people primarily dependent on agriculture for a living. Asia-Pacific is also expected to be an emerging market during the forecast period with the increasing provision of subsidies by the Indian and Chinese governments to help in food sustainability

Major Key Players:

1 BP PLC

2 Chevron

3 Cougar Lubricants International Ltd

4 Crown Oil

5 Exol Lubricants

6 Exxon Mobil Corp.

7 Frontier Performance Lubricants, Inc.

8 Fuchs

9 Gulf Oil Lubricants India Ltd

10 Lubitec

11 Pennine Lubricants and More…………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Agricultural Lubricant Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.