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: Ken Research

Australia Lubricants Market is in the growing stage, the market is majorly consolidated. Domestic and International players coexist in the supply side in the Australia Lubricants Market.

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Key Market Findings:

Lubricants Industry concentration is at a moderate level, with the four largest companies estimated to account for approximately 40% of industry revenue in 2022-23.
According to International Organization of Motor Vehicle Manufacturers (OICA), the total vehicle units produced in 2021 has shown a significant rise as compared to 2020.
Global marine lubricants market will reach $ 10,473.3 million by 2031, growing by 3.5% annually over 2021-2031, driven by the increasing demand for marine lubricants from the shipping industry and its increasing maintenance cost for fuel-saving and cost reduction

Increasing Competition Among Players: There are numerous active players which are recently performing more positively for leading the speedy market growth while developing the infrastructure, increasing the usage of lubricants, advancing the applications of the lubricants, investing the high amount of money and analyzing the competitive strategies of competitors across Australia. The players are adopting the policies and strategies of joint ventures, mergers and acquisitions and partnerships, introducing new technologies of production, advancing the production techniques, introducing the new product at a reasonable price and employing the skilled workers which positively further effected the rate of revenue and profit and lead the market growth more significantly in the coming years.

Changing Prices of the Lubricants: One of the biggest challenges in the market is the changing prices of finished products and raw materials, which in turn impacts the margins earned by the sellers of lubricants in the Australia. Though metal working gives high profit but fluid cater to very niche market. This can pose a threat to the players operating in the space. Petrol prices steadily decrease for a period followed by a sharper increase. This pattern is also known as a petrol price cycle. It is a movement in the retail price from a low point (or trough) to a high point (or peak) to the following low point. Petrol price cycles are the result of pricing policies of petrol retailers and not from changes in the wholesale cost of fuel.

Lubricant Association in Australia: A newly created trade body, the Australian Lubricant Association, plans to set up processes for the verification of labels and standardization of lube products sold in the country, while also providing technical assistance to members and developing training programs. It's the country's first industry association primarily devoted to the lubricant industry. The organization models itself on similar institutions around the world, such as the Independent Union of the European Lubricants Industry, the Independent Lubricants Manufacturers Association in the United States, and the Asian Lubricant Manufacturers Union.

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 favorable 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

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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