Latest News- Automotive Engine Oil Market: Passenger vehicles is expected to lead the Application segment during 2025-2029

The Automotive Engine Oil Market is being driven by Growing number of vehicles in use

The Automotive Engine Oil Market is expected to grow at a CAGR of 4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 12.5 billion. The global automotive engine oil market is experiencing significant advancements, driven by the adoption of innovative technologies. Vendors are investing heavily in research and development to create superior engine oils utilizing advanced antioxidants, surfactants, high-pressure agents, and robust corrosion inhibitors. Notably, the market is witnessing the increasing use of advanced bonding technology, where hydrocarbon-based lubricants are chemically treated to form high-pressure agents. These developments are expected to boost market growth during the forecast period. 

Get more information on Automotive Engine Oil Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Passenger vehicles
  • Commercial vehicles
• Type
  • Diesel
  • Petrol
  • Alternative fuels
• Geography
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • US
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing number of vehicles in use
• Rising demand for automotive engine oil in APAC
• Growing demand for full synthetic engine oil

However, the market also witnesses some limitations, which are as follows:

• Fluctuating crude oil prices
• Growing sales of all-electric cars
• Growing availability of fake automotive lubricants

Benefits of Buying Global Automotive Engine Oil Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Automotive Engine Oil Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Automotive Engine Oil Market encompasses various types of motor oils, including high-mileage and heavy-duty, each with unique additives such as lubricant additives, friction modifiers, and additive packages. Oil viscosity grades like low-emission and synthetic base oils ensure optimal engine performance. Eco-friendly options, like biodegradable lubricants and fuel economy lubricants, reduce environmental impact. Oil filtration technology and performance enhancers extend oil life, while temperature control additives and oxidation inhibitors prevent oil degradation and reduce consumption rates. High-temperature and low-sulfur oils cater to specific engine needs, and oil sludge prevention additives maintain engine cleanliness. Overall, the market focuses on enhancing oil performance, reducing friction, and minimizing contamination.

Market Research Overview

The automotive engine oil market is a significant segment of the larger automotive parts and equipment industry. This market encompasses the production of base oils and additives used in the manufacturing of various engine oil grades, including mineral, semi-synthetic, and fully synthetic types. Key raw materials for base oils include crude oil and natural gas. The global automotive components and equipment market, which includes automotive engine oil manufacturers, is projected to experience growth due to several factors. These include the increasing sales of gasoline-powered passenger cars, electric vehicles, and commercial vehicles, leading to heightened demand for advanced engine technologies, such as turbochargers, and the subsequent need for high-performance engine oils. Additionally, the integration of electronic control units (ECUs) and other electrical components in modern vehicles is driving the demand for engine oils with enhanced additive packages to ensure optimal engine performance and longevity.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/