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Lubricants Market for Off-road Sector: Driving under Stressful Conditions Compels Owners to Ensure Upkeep of Vehicles

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According to the research report, the global lubricants market for off-road sector was valued at US$13.0 bn in 2015 and is anticipated to reach US$16.8 bn by the end of 2024.
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LUBRICANTS MARKET FOR OFF-ROAD SECTOR
GLOBAL INDUSTRY ANALYSIS, SIZE, SHARE, GROWTH,
TRENDS, AND FORECAST 2016 – 2024
Published Date
02-Feb-2017
133 Page Report
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Press Release
Global Lubricants Market for Off-road Sector: Driving under Stressful
Conditions Compels Owners to Ensure Upkeep of Vehicles : TMR
Transparency Market Research
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90, State Street, Suite 700.
Albany, NY 12207
United States
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REPORT DESCRIPTION
Lubricants Market for Off-road Sector (Source - Mineral Oil-based,
Synthetic, and Bio-based; Grade - Single and Multi; Product - Engine
Oil, Transmission Fluids, Hydraulic Fluids, Gear Oil, and Grease;
End Use - Construction, Agriculture and Farming, Mining, and
Material Handling) - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 – 2024
The top three players in the global lubricants market for off-road sector held a share of 31.6% in
the overall market in 2015. Royal Dutch Shell Plc., ExxonMobil Corporation, and BP Global have
shown incredible dominance in the global market with terrific brand value. These companies are
expected to lead the pack in the coming years as they continue to invest in improving their
infrastructural facilities and development of newer and better products.
According to the research report, the global lubricants market for off-road sector was valued at
US$13.0 bn in 2015 and is anticipated to reach US$16.8 bn by the end of 2024. During the forecast
period of 2016 and 2024, the global market is anticipated to expand at a CAGR of 2.9%.
Asia Pacific to Dominate Global Market as Automotive Sector Shows Steady Progress
On the basis of product, the global market is segmented into engine oil, hydraulic fluids, transmission
fluids, grease, gear oil, and others. Of these, the engine oil segment is estimated to rise at a faster
pace than the others. Availability of several brands, growing automotive industry, and rising
awareness about maintenance of vehicles are some of the important factors slated to drive this
product segment. The report states that this segment will expand at a CAGR of 4.0% during the
forecast period.
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In terms of geography, the global lubricants market for off-road sector is divided into North America,
Asia Pacific, Asia Pacific, Latin America, and the Middle East and Africa. Of these, Asia Pacific is
estimated to dominate the global market in the coming years. This regional market is expected to
surge at a CAGR of 3.6%. The growing sales of automobiles in the region are anticipated to drive the
Asia Pacific lubricants market for off-road sector during the forecast period. Furthermore, the cheaper
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price of products in the Asia Pacific region has also contributed to the soaring sales of lubricants for
off-road sector.
Consistent Maintenance of Old Vehicles Improves Revenue for Global Market
Performance and efficiency of vehicles is adversely affected due to the tough driving condition and
the bumper to bumper traffic that compels drive to make excessive usage of clutch and brakes. Such
circumstances hamper the engine, negating its performance through the years. Thus, several
vehicles owners and sellers insist on using lubricants to keep the engines functioning at optimum
efficiency. The growing number of old vehicles in the world have propelled the uptake of lubricants as
the need for maintenance is imperative. The consistent production of vehicles along with rising
disposable incomes have collectively fueled the consumption of lubricants for the vehicles of the offroad sector.
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The report states that Asia Pacific will play a key role in defining the progress of the global lubricants
market for off-road sector. The booming mining industry in this region that demands usage of off-road
vehicles for transportation, will ensure swift uptake of lubricants during the forecast period.
Efforts to Reduce Carbon Footprint to Restrain Global Market
Stringent regulations pertaining to the usage of off-road vehicles in Europe and North America is
expected to have a negative impact on the sale of lubricants. Furthermore, efforts by developed
regions to encourage public transport systems to reduce carbon emissions are expected to reduce
the uptake lubricants for off-road sector. Introduction of electric cars is also anticipated to restrain the
global market from achieving its utmost potential in the near future.
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TABLE OF CONTENT
Chapter 1 Preface
1.1 Report Scope and Market Segmentation
1.2 Research Objectives
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Chapter 2 Assumptions and Research Methodology
2.1 Assumptions and Acronyms Used
2.2 Research Methodology
Chapter 3 Executive Summary
3.1 Market Size, Indicative (US$ Mn)
3.2 Top 3 Trends
3.3 Top 2 Drivers
3.4 Top Market Restraints
3.5 Total Market Value in US$ Mn
Chapter 4 Market Overview
4.1 Product Overview
4.2 Drivers and Restraints Analysis
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Value Chain Analysis
4.4 Porter's Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Threat of Substitutes
4.4.3 Threat of New Entrants
4.4.4 Bargaining Power of Suppliers
4.4.5 Degree of Competition
Chapter 5 Global Lubricants Market for Off-road Sector Market, by Source
5.1 Introduction
5.2 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Source
5.3 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Source
Chapter 6 Global Lubricants Market for Off-road Sector Analysis, by Grade
6.1 Introduction
6.2 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Grade
6.3 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Grade
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Chapter 7 Global Lubricants Market for Off-road Sector Analysis, by Product
7.1 Introduction
7.2 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Product
7.3 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Product
Chapter 8 Global Lubricants Market for Off-road Sector Analysis, by End-use
8.1 Introduction
8.2 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by End-use
8.3 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by End-use
Chapter 9 Global Lubricants Market for Off-road Sector Analysis, by Region
9.1 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Region
9.2 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Region
Chapter 10 North America Lubricants Market for Off-road Sector
10.1 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Country
10.2 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Country
10.3 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Source
10.4 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Source
10.5 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Grade
10.6 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Grade
10.7 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Product
10.8 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Product
10.9 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by End-use
10.1 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by End-use
Chapter 11 Europe Lubricants Market for Off-road Sector
11.1 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Country
11.2 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Country
11.3 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Source
11.4 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Source
11.5 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Grade
11.6 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Grade
11.7 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Product
11.8 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Product
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11.9 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by End-use
11.10 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by End-use
Chapter 12 Asia-Pacific Lubricants Market for Off-road Sector
12.1 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Country
12.2 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Country
12.3 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Source
12.4 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Source
12.5 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Grade
12.6 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Grade
12.7 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Product
12.8 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Product
12.9 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by End-use
12.10 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by End-use
Chapter 13 Latin America Lubricants Market for Off-road Sector
13.1 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Country
13.2 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Country
13.3 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Source
13.4 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Source
13.5 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Grade
13.6 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Grade
13.7 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Product
13.8 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Product
13.9 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by End-use
13.10 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by End-use
Chapter 14 Middle East & Africa Lubricants Market for Off-road Sector
14.1 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Country
14.2 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Country
14.3 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Source
14.4 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Source
14.5 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Grade
14.6 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Grade
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14.7 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by Product
14.8 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by Product
14.9 Lubricants Market for Off-road Sector Volume (Kilo Tons) Forecast, by End-use
14.10 Lubricants Market for Off-road Sector Revenue (US$ Mn) Forecast, by End-use
Chapter 15 Competition Landscape
15.1 Global Lubricants Market for Off-road Sector Market Share Analysis By Company
15.2 Competition Matrix
15.3 Royal Dutch Shell plc
15.3.1 Company Description
15.3.2 Business Overview
15.3.3 SWOT Analysis
15.3.4 Financial Details
15.3.5 Strategic Overview
15.4 ExxonMobil Corporation
15.4.1 Company Description
15.4.2 Business Overview
15.4.3 SWOT Analysis
15.4.4 Financial Details
15.4.5 Strategic Overview
15.5 BP P.L.C.
15.5.1 Company Description
15.5.2 Business Overview
15.5.3 SWOT Analysis
15.5.4 Financial Details
15.5.5 Strategic Overview
15.6 Total S.A
15.6.1 Company Description
15.6.2 Business Overview
15.6.3 SWOT Analysis
15.6.4 Financial Details
15.6.5 Strategic Overview
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15.7 Fuchs Lubricants Co.
15.7.1 Company Description
15.7.2 Business Overview
15.7.3 SWOT Analysis
15.7.4 Financial Details
15.7.5 Strategic Overview
15.8 LUKOIL Oil Company
15.8.1 Company Description
15.8.2 Business Overview
15.8.3 SWOT Analysis
15.8.4 Financial Details
15.8.5 Strategic Overview
15.9 Phillips 66
15.9.1 Company Description
15.9.2 Business Overview
15.9.3 SWOT Analysis
15.9.4 Financial Details
15.9.5 Strategic Overview
15.10 Indian Oil Corporation Limited
15.10.1 Company Description
15.10.2 Business Overview
15.10.3 SWOT Analysis
15.10.4 Financial Details
15.10.5 Strategic Overview
15.11 Halron Lubricants Inc
15.11.1 Company Description
15.11.2 Business Overview
15.12 Topaz Energy Group Limited
15.12.1 Company Description
15.12.2 Business Overview
15.13 Chevron USA Inc.
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15.13.1 Company Description
15.13.2 Business Overview
15.13.3 SWOT Analysis
15.13.4 Financial Details
15.13.5 Strategic Overview
15.14 Castrol Limited
15.14.1 Company Description
15.14.2 Business Overview
15.15 BRB International
15.15.1 Company Description
15.15.2 Business Overview
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