MarkNtel Advisors is not just a market research company; it is a cornerstone in the realm of research and consulting provide market research report titled as India Automotive Lubricants Market Size, Share, Analysis, Forecast 2023-2028.
India Automotive Lubricants Market Analysis and Insights:
The India Automotive Lubricants Market size is estimated to grow at a CAGR of around 2.0% during the forecast period, i.e., 2023-28.
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India Automotive Lubricants Market Dynamics
Growth Opportunity: Emerging need for Coolants and Fluids for Electric Vehicles
Though electric vehicle does not need engine oil and similar lubricant which enhances automotive engines, they still require lubricants in vital electrical components such as coolants for the car battery, gear oils for differentials, chassis, gear reducer, and wheels, brake fluids and grease for other components of the EV. By reducing torque, the low-viscosity lubricant ensures the smooth function of the electric vehicle and enhances its quality and life. The EV lubricants must be compatible with other EV parts, thus ensuring cooling, volume resistivity, dissipation factor, and dielectric strength to avoid electrical losses in the system and further thermal management without harming the components. Moreover, such products have greater technical requirements, and thus currently, it is still in their developmental stage opening new avenues of opportunity for the industry. For instance,
In January 2023, Valvoline announced that it is ready with a new line-up of fluids designed for Electric Vehicles in India.
India Automotive Lubricants Market Report Segmentation:
The report has segmented the market into the following categories:
By Vehicle Type
-Passenger Car
-Light Commercial Vehicle
-Medium and Heavy Commercial Vehicles
-Off the Road (OTR)
-Two Wheelers
-Three Wheeler
By Type
-Engine Oil
-Gear and Brake Oil
-Transmission Fluid
-Grease
-Others
By Base Oil
-Mineral
-Synthetic
-Semi-Synthetic
-Bio-Based
By Demand Category
-OEM
-OES
-Independent Aftermarket (IA)
By Sales Channel
-Authorized Dealers
-Retailers
-Workshops and Garage
-Petrol Pumps
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Market Divided by Region/Country:
By Region
-North
-South
-Wast
-East
Who are the top Companies in the India Automotive Lubricants Market?
Gulf Oil Lubricants, Indian Oil, Castrol, Hindustan Petroleum, Bharat Petroleum, Tidewater Oil, Shell India, Vavoline Cummins, ExonnMobil, Tata Oil, Others
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