Press release
New update "Global Aftermarket for Engine Oil in Passenger Cars 2017-2020" The Report covers an In-depth Industrial Trends, Worldwide Analysis, Forecast, Review, Share, Size, Growth, Effect.
Engine Oil
Description-
– About Engine Oil in Passenger Cars
Engine oil in passenger cars is used to reduce friction and wear and tear of the connecting rods and moving engine crankshaft, bearings, and pistons. Engine oil serves as an effective coolant as it prevents the formation of rust and corrosion. Synthetic engine oils are now being widely accepted as the standard engine oil by OEMs due to better compatibility with the environment as well as technical benefits over conventional mineral oil engine oils.
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** Technavios analysts forecast the global aftermarket for engine oil in passenger cars to grow at a CAGR of 3.21% during the period 2017-2020.
– Covered in this report
The report covers the present scenario and the growth prospects of the global aftermarket for engine oil in passenger cars for 2017-2020. To calculate the market size, the report considers the number of parc vehicles, average engine oil capacity of the vehicles, and average distance required for changing engine oil in cars in different regions.
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