Press release
2017 - 2024, Lubricants Global Market for Off-road Sector: Key Players Such As Royal Dutch Shell plc, ExxonMobil Corporation, BP Global, Total S.A And So On
Market Research Report
Lubricants diminish friction because they eliminate the contact resistance between two solid surfaces or objects. Examples of lubricants are engine oil, gear oil, transmission fluid, greases, coolants, bearing oil, brake fluid, etc. North America is anticipated to be a major consumer of lubricants due to presence of large number of off road vehicles in the region. Growing demand for lubricants in the construction and mining industry in Asia Pacific is anticipated to affect the lubricants market in terms of lubricant consumption. Engine oil, as the name suggests, is used to avoid friction and corrosion in engine of a vehicle. Gear oil and transmission fluid are used by gear box and axles of a vehicle. In some types of vehicles, separate gear oil and transmission fluid are not required. Single lubricant is used in gear box of the vehicle in place of them.
Global Lubricants Market for Off-road Sector: Scope of the Report
This study analyzes, estimates, and forecasts the global lubricants market for off-road sector in terms of volume (kilo tons) and revenue (US$ Mn) from 2015 to 2024. Market numbers given in the report describe the demand for global lubricants, but not production or supply. The global lubricants report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
Global Lubricants Market for Off-road Sector: Research Methodology
Based on source and grade, the report analyzes the attractiveness of each segment with the help of an attractiveness tool. The study consist of value chain analysis, which offers a better understanding of key companies in the supply chain from raw material manufacturers to end-users. Additionally, the study examines market competition through Porter’s Five Forces Analysis.
Primary research represents the majority of our research efforts, complemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of technical writing, recent trade, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most consistent, effective, and productive approach for procuring precise market data, recognizing business opportunities, and understanding industry participants’ perceptions.
Key Players Mentioned in this Report are:
The report includes an overview of the market share of key companies in the global lubricants market for off-road sector. Market share of companies has been derived on the basis of production by manufacturers of lubricants. Key market players profiled in the study include Royal Dutch Shell plc, ExxonMobil Corporation, BP Global, Total S.A., Phillips 66, Indian Oil Corporation Limited, Halron Lubricants Inc., Topaz Energy Group Limited, Chevron USA Inc, Fuchs Petrolub SE, Castrol Limited, BRB International and Lukoil Lubricants Company.
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The report segments the global lubricants market for off-road sector as follows:
Global Lubricants Market for Off-road Sector – Source Analysis
Mineral Oil-based
Synthetic
Bio-based
Global Lubricants Market for Off-road Sector – Grade Analysis
Single
Multi
Global Lubricants Market for Off-road Sector – Product Analysis
Engine oil
Transmission fluids
Hydraulic fluids
Gear oil
Grease
Others
Global Lubricants Market for Off-road Sector – End Use Analysis
Construction
Agriculture & Farming
Mining
Material Handling
Others
Global Lubricants Market for Off-road Sector – Regional Analysis
North America
U.S.
Canada
Europe
UK
Italy
Spain
France
Germany
Rest of EU
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