Global Automotive Lubricants Market Size & Outlook
Global automotive lubricants market, 2018-2030 (US$M)
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Global automotive lubricants market highlights
- The global automotive lubricants market generated a revenue of USD 72,047.5 million in 2022 and is expected to reach USD 94,872.8 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 3.5% by 2030.
- In terms of segment, engine oil accounted for a revenue of USD 39,453.6 million in 2022.
- Brake Fluids is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Netherlands is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 72,047.5 million |
| Market revenue in 2030 | USD 94,872.8 million |
| Growth rate | 3.5% (CAGR from 2022 to 2030) |
| Largest segment | Engine oil |
| Fastest growing segment | Brake Fluids |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Greases, Engine oil, Gear oil, Transmission Fluids, Brake Fluids, Coolants |
Other key industry trends
- In terms of revenue, the North America accounted for 16.9% of the global automotive lubricants market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Netherlands is the fastest growing regional market and is projected to reach USD 117.8 million by 2030.
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Automotive Lubricants Market Scope
Automotive Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global automotive lubricants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive lubricants market will help companies and investors design strategic landscapes.
Engine oil was the largest segment with a revenue share of 54.76% in 2022. Horizon Databook has segmented the Global automotive lubricants market based on greases, engine oil, gear oil, transmission fluids, brake fluids, coolants covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Automotive Lubricants Product Outlook (Revenue, USD Million, 2018-2030)
- Gas turbine oils
- Piston engine oils
- Hydraulic fluids
- Others
- Process Oils
- General Industrial Oils
- Metalworking Fluids
- Industrial Engine Oils
- Greases
- Engine oil
- Hydraulic oil
- Gear oil
- Turbine oil
- Transmission Fluids
- Brake Fluids
- Coolants
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Target buyers of Global automotive lubricants market databook
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Our clientele includes a mix of automotive lubricants market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global automotive lubricants market , including forecasts for subscribers. This global databook contains high-level insights into Global automotive lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global automotive lubricants market size, by region, 2018-2030 (US$M)
Top 10 countries: Automotive lubricants market size, 2022 (US$M)
Global automotive lubricants market share, by product, 2022 & 2030 (%, US$M)
Automotive lubricants market: Opportunity assessment by country
Global automotive lubricants market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 2,340.9 | 2,427.5 | 2,412.2 | 2,490.0 | 2,575.2 | 2,663.3 | 2,753.9 | 2,855.7 | 2,957.0 | 3,068.6 | 3,182.7 | 3,298.4 | 3,418.2 | 0.0% |
| Europe | 13,526.1 | 13,932.3 | 13,751.9 | 14,100.5 | 14,485.2 | 14,880.8 | 15,283.7 | 15,743.0 | 16,192.2 | 16,690.6 | 17,195.7 | 17,701.3 | 18,221.6 | 0.0% |
| North America | 11,283.8 | 11,641.4 | 11,509.1 | 11,819.8 | 12,161.8 | 12,514.1 | 12,873.7 | 13,281.8 | 13,682.9 | 14,126.6 | 14,577.6 | 15,030.3 | 15,497.0 | 0.0% |
| MEA | 1,466.4 | 1,525.2 | 1,519.1 | 1,570.7 | 1,626.0 | 1,682.2 | 1,738.8 | 1,801.3 | 1,862.1 | 1,927.8 | 1,993.6 | 2,058.6 | 2,124.2 | 0.1% |
| Asia Pacific | 37,139.1 | 38,593.0 | 38,430.6 | 39,753.4 | 41,199.4 | 42,699.3 | 44,243.6 | 45,976.3 | 47,707.0 | 49,610.4 | 51,564.1 | 53,550.1 | 55,611.9 | 0.0% |
| Overall | 65,756.2 | 68,119.3 | 67,622.9 | 69,734.3 | 72,047.5 | 74,439.8 | 76,893.6 | 79,658.1 | 82,401.1 | 85,423.9 | 88,513.7 | 91,638.6 | 94,872.8 | 3.5% |
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