The effective growth in the number of commercial vehicles and passenger cars, increasing investment in the infrastructure is a crucial factor driving the growth of Australia Lubricants market: Ken Research

Australia Automotive Lubricants Market: Australia Automotive Lubricants Market is projected to surpass $ 1.4 billion by 2023 in Australia. Automotive and other transportation media, such as aircraft and marine, are the largest markets for lubricants. Engine designs have been continually improved to enhance performance, increase efficiency, and, at the same time, meet the environmental emission regulations. Increasing production and sales of light commercial vehicles as well as heavy duty vehicles, primarily for trade transport is expected to propel demand for automotive lubricants across Australia in the coming years. Additionally, growth in automotive repair services market across the country coupled with rising adoption of synthetic and semi-synthetic lubricants is further anticipated to fuel growth in Australia automotive lubricants market during the forecast period.

Booming Industrial and Mining Industry across Australia: Australia has consumed 458 Mega Liters of lubricating oil in 2018-2019 from various industries. The major market users are industrial and mining companies. Mining has long been a cornerstone of the Australian economy. Today, it remains one of the country's most well-established The industry is strongly export-oriented, with minimal processing onshore. The outlook for Australia's mineral exports continues to improve, as the world economy rebounds from the impact of the COVID-19 pandemic. The Australian government will expand Australia's mining science technology capability, create jobs, and ensure a greater share of raw materials are processed in Australia.

Government Regulations: The conduct of suppliers, distributors and retailers in the downstream oil and lubricant marketing industry is regulated by the Competition and Consumer (Industry Codes - Oil) Regulation 2017 (the Oil Code of Conduct), of which the Australian Government has oversight. The Oil Code of Conduct is a mandatory industry code under Section 51AE of the Competition and Consumer Act 2010. Due to sunsetting conventions the Oil Code of Conduct replaced the Competition and Consumer (Industry Codes-Oilcode) Regulation 2006 (the 2006 Regulations) effective 1 April 2017. The Oil Code of Conduct applies a nationally consistent approach to terminal gate pricing arrangements, with the aim of improving transparency in wholesale pricing and ensure all customers, including small businesses, can get access to petroleum products at the terminal gate.

Analysts at Ken Research in their latest publication "Australia Lubricants Market Outlook to 2027F" Driven by Growth in Crude Oil Import and Rising Sales of vehicles in the Country" by Ken Research observed the potential of Lubricant Market Outlook in Australia. The rise in industrial sector, along with increase in transportation, industrial and mining services and also increase in heavy duty vehicles, implementation of favourable government rules & regulations is expected to contribute to the market growth over the forecast period. The Australia Lubricant Market is expected to grow at ~% CAGR over the forecasted period 2022-2027F.

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Key Segments Covered in the report

Australia Lubricants Market Segmentations (2022 & 2027)

By Type of Lubricant

Industrial Lubricant
Automotive Lubricant

By Grade of Lubricant

Mineral
Semi-Synthetic
Synthetic

Australia Industrial Lubricants Market Segmentations

By Type of Industrial Lubricant (2022 & 2027)

Process oil
Hydraulic oil
Gear oil
Grease

By Type of end use of industrial lubricant (2022 & 2027)

General manufacturing
Metal & mining
Construction
Power generation

By Type of distribution channel in industrial lubricant (2022 & 2027)

Dealers and distributors
Direct sales

Australia Automotive Lubricants Market Segmentations

By Type of automotive lubricant (2022 & 2027)

Heavy duty diesel engine oil
Motorcycle oil
Passenger vehicle motor oil
Grease

By Type of end use of automotive lubricant (2022 & 2027)

Commercial vehicles
Motor cycle
Passenger cars
Marine
Aviation

By Type of distribution channel in automotive lubricant (2022 & 2027)

Dealers and distributers network
OEM workshops and service station
Online retail

Key Target Audience

Infrastructure and Real Estate Companies
Mining Companies
Government Entities
Construction Companies
Oil and Gas Companies
Automotive lubricants manufacturers and other stakeholders
Automotive OEMs

Time Period Captured in the Report:

Historical Period: 2017-2021
Base Period: 2022
Forecast Period: 2023-2027F

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Companies Covered:

BP Australia
ExxonMobil
Puma
Caltex
Viva Energy Holding
Ampol
Penrite
TOTAL Oil Australia Ltd
Fuchs Lubricants (Australasia) Ltd
Phoenix Lubricant Ltd

Key Topics Covered in the Report

Country Overview of Australia
Australia Trade Analysis
Lubricants Supply and Demand Statistics
Harvey Ball Analysis of Preferred Lubricants Companies in ASEAN Countries
Australia Automotive Industry
Region wise Cars and motorcycles Registration in Australia
Cross comparison of Southeast Asian Countries on the basis of Number of Motor Vehicles and Sold by Country
Ecosystem of major Entities in Australia Lubricants Market
Business Cycle and Genesis of Australia Lubricants Market
Timeline of major Players in Australia Lubricants Market
Value Chain Analysis for Australia Lubricants Market
Australia Automotive & Industrial Lubricants Market Segmentation
SWOT Analysis for Australia Lubricants Market
Porter's Five Forces Analysis of Australia Lubricants Market
Growth Enablers in Australia Lubricants Market
Bottlenecks and Challenges in Australia Lubricants Market
Trends and Developments in Australia Lubricants Market
Australia Lubricants Market Regulations
Tax Rates for Lubricants in Australia
End User Analysis of Australia Lubricants Market
Pricing Analysis of Automotive and Industrial Lubricants
Strengths and Weaknesses of the major Industrial & Automotive Lubricant market Players
Cross Comparison of Major Players in Australia Lubricants Market
Covid-19 Impact on Australia Lubricant Market
Future Outlook and market Size for Australia Lubricant Market
Future Segmentation for Australia Industrial Lubricant Market
Future Segmentation for Australia Automotive Lubricant Market
Market Opportunities and Analyst Recommendations
Analyst Recommendations
Research Methodology

For more insights on the market intelligence, refer to the link below: -

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/australia-lubricants-market-outlook-to-2027/596268-100.html

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https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/philippines-lubricants-market-outlook-to-2026/596247-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/thailand-lubricant-market-outlook-to-2026/596128-100.html

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This release was published on openPR.