Global Automotive Lubricants Market 2017-2021| Passenger Cars Segment Dominates the Global Market| Technavio
LONDON--(BUSINESS WIRE)--Sep 6, 2018--According to the latest market research report released by Technavio, the global automotive lubricants market is expected to accelerate at a CAGR of nearly 5% during the forecast period. The heavy dependence on IC engines for logistics is one of the key factors triggering the growth of the market.
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According to the latest market research report released by Technavio, the global automotive lubricants market is expected to accelerate at a CAGR of nearly 5% until 2021. (Graphic: Business Wire)
This research report titled ’ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
The market research analysis categorizes the global automotive lubricants market into the following applications:Passenger cars M&HCV LCV
In 2016, the fine jewelry segment accounted for 64% of the global market and is projected to decline to 63% by 2021, exhibiting almost 1% decrease in market share.
Global automotive lubricants market: An emerging trend
The constant need for technological upgrade is an emerging trend in the automotive lubricants space. The rapid technological advances in the manufacturing of machinery and automobiles are intensifying the need for environment-friendly and high-performance lubricants and lubricant additives. Therefore, lubricant manufacturers must constantly upgrade their production capabilities and product portfolio to match the revised requirements. Although this results in the emergence of value-added products, it severely affects the profit margins of lubricant manufacturers. Apart from the additional costs of revised formulations, vendors also incur the capital costs associated with the technology and infrastructural upgrades. Noncompliance with the revised requirements invites regulatory attention and leads to a decline in market shares.
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
Executive ReportMarket Outline Global Automotive Lubricants Market Overview
Market InsightsMarket Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends
Market Segmentation AnalysisRegional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by application (passenger cars, M&HCV, and LCV)
Vendor LandscapeVendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Shell, ExxonMobil, BP, and Chevron Corporation)
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INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING AUTOMOTIVE MANUFACTURING CHEMICALS/PLASTICS ENGINEERING OTHER MANUFACTURING AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Technavio Research
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PUB: 09/06/2018 03:06 PM/DISC: 09/06/2018 03:06 PM