India Automotive Lubricants Market Size & Outlook
India automotive lubricants market, 2018-2030 (US$M)
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India automotive lubricants market highlights
- The India automotive lubricants market generated a revenue of USD 3,945.0 million in 2022 and is expected to reach USD 5,342.1 million by 2030.
- The India market is expected to grow at a CAGR of 3.9% from 2023 to 2030.
- In terms of segment, engine oil was the largest revenue generating product in 2022.
- Brake Fluids is the most lucrative product segment registering the fastest growth during the forecast period.
Automotive lubricants market data book summary
| Market revenue in 2022 | USD 3,945.0 million |
| Market revenue in 2030 | USD 5,342.1 million |
| Growth rate | 3.9% (CAGR from 2022 to 2030) |
| Largest segment | Engine oil |
| Fastest growing segment | Brake Fluids |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Greases, Engine oil, Gear oil, Transmission Fluids, Brake Fluids, Coolants |
| Key market players worldwide | Exxon Mobil Corp, BP Castrol KK, Shell PLC, Repsol SA, Sasol, Cepsa, Fuchs SE Registered Shares, LUKOIL, Indian Oil Corporation, Hindustan Petroleum Corporation Limited, Phillips 66 |
Other key industry trends
- In terms of revenue, India accounted for 5.5% of the global automotive lubricants market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China automotive lubricants market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 31,089.9 million by 2030.
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Automotive Lubricants Market Scope
Automotive Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 56.78% in 2022. Horizon Databook has segmented the India 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.
India auto industry is one of the largest across globe. India is a prominent exporter of automobiles and has strong export growth expectations over the future. In order to keep up with the continuously increasing demand, India is home to manufacturing facilities of major chemical, industrial, automotive and other multinational corporations. Rising trade activities in the region is expected to drive demand for automotive lubricants over the forecast period.
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Target buyers of India 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India automotive lubricants market , including forecasts for subscribers. This country databook contains high-level insights into India automotive lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India automotive lubricants market size, by product, 2018-2030 (US$M)
India Automotive Lubricants Market Outlook Share, 2022 & 2030 (US$M)
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