Automotive Two Wheeler Engine Oil Market to Grow with a CAGR of 7.6% Globally through to 2028.
Rising Two-Wheeler Ownership and Usage, Increasing Focus on
Vehicle Maintenance, Technological Advancements in Engine Oil and Growth in
Aftermarket Sales are factors driving the Global Automotive Two Wheeler Engine
Oil market in the forecast period 2024-2028.
According to TechSci Research report, “Global Automotive
Two Wheeler Engine Oil Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Automotive Two Wheeler Engine
Oil Market stood at USD 13 billion in 2022 and is anticipated to grow with a
CAGR of 7.6% in the forecast period, 2024-2028. The Global Automotive Two Wheeler Engine
Oil market is a dynamic and integral segment of the broader automotive
industry, providing essential lubrication solutions for a vast range of
two-wheeler vehicles, including motorcycles, scooters, and mopeds. This market
is characterized by continuous evolution and innovation, driven by several key
factors. Firstly, the ever-increasing demand for fuel efficiency and reduced
emissions has led to the development and adoption of advanced lubricants,
including synthetic and low-viscosity engine oils. These lubricants not only
enhance engine performance but also contribute to environmental sustainability.
Secondly, the market is witnessing a notable shift towards eco-friendly and
sustainable lubricants, aligning with global environmental concerns.
Manufacturers are increasingly focusing on formulating engine oils with
biodegradable components and promoting sustainable production practices to
minimize their ecological footprint. This trend reflects the industry's
commitment to responsible and environmentally conscious manufacturing. Additionally,
customization and specialization have become prominent trends in the market, as
lubricant manufacturers work closely with two-wheeler manufacturers to create
tailored solutions for specific engine types and applications. This approach
ensures that lubricants are optimized to meet the unique demands of various
two-wheeler models, enhancing engine protection and longevity. Furthermore, the
integration of digital technology and predictive maintenance practices is
reshaping how engine oils are managed and maintained. IoT sensors and advanced
software enable real-time monitoring of oil quality and condition, allowing for
proactive maintenance scheduling and cost savings for two-wheeler owners and
service providers alike.
Browse over market data Figures spread through 180
Pages and an in-depth TOC on "Global Automotive Two Wheeler Engine Oil Market.”
The Global Automotive Two Wheeler Engine Oil market
plays a pivotal role within the automotive industry, serving as the lifeblood
that ensures the efficient and reliable operation of millions of motorcycles,
scooters, and mopeds worldwide. This market is characterized by its dynamism,
driven by a multitude of factors that influence the demand for and evolution of
engine oils tailored specifically for two-wheelers.
One of the most significant trends reshaping this
market is the ongoing shift towards synthetic and semi-synthetic engine oils.
This transition is a response to the increasingly complex and high-performance
engines found in modern two-wheelers. Synthetic and semi-synthetic oils,
formulated with advanced base oils and additives, offer superior lubrication
and protection properties compared to traditional mineral oils. They excel in
reducing friction, improving fuel economy, and extending the life of engine components.
As two-wheeler manufacturers seek to optimize engine performance and meet
stringent emissions standards, synthetic and semi-synthetic oils have become a
preferred choice. This trend is expected to continue as engine technology
advances, driving demand for high-quality lubricants that can keep pace with
the evolving requirements of modern two-wheeler engines.
In tandem with the shift towards synthetic oils, there
is a growing emphasis on low-viscosity engine oils. Lower viscosity oils, such
as 5W-30 and 0W-20, have gained popularity due to their ability to enhance fuel
efficiency. They reduce friction within the engine, facilitating smoother
operation and leading to improved miles per gallon. With global emission
regulations becoming increasingly stringent, two-wheeler manufacturers are
recommending or even mandating the use of low-viscosity oils to minimize the
carbon footprint of their vehicles. As a result, lubricant manufacturers are
continually developing and marketing oils with lower viscosity grades,
contributing to the ongoing trend towards more fuel-efficient and eco-friendly
two-wheelers.
Environmental sustainability is a driving force in the
Global Automotive Two Wheeler Engine Oil market, prompting the development and
adoption of eco-friendly lubricants. These lubricants are formulated with an
emphasis on reducing their environmental impact, often utilizing biodegradable
base oils and additives. Moreover, many manufacturers are adopting sustainable
production practices, such as reducing energy consumption and waste, in line
with global sustainability initiatives. As consumer and regulatory pressure
continues to push for more responsible and environmentally conscious
manufacturing, the demand for eco-friendly lubricants is poised to grow. This
trend represents a commitment within the industry to aligning lubrication
solutions with the principles of sustainability. Another notable trend is the
move towards customization and specialty lubricants. Two-wheeler manufacturers
recognize that different models and engine types have unique requirements. To
optimize engine performance, extend component life, and enhance reliability,
some lubricant companies are collaborating closely with manufacturers to
develop engine oils that are precisely tailored to specific models or engine
types. This trend reflects the industry's dedication to delivering tailor-made
solutions that cater to the evolving needs of two-wheeler manufacturers and
discerning consumers.
Digitalization and the integration of technology are
fundamentally transforming the way engine oils are managed and maintained. The
advent of IoT (Internet of Things) sensors and predictive maintenance software
has revolutionized oil monitoring. These systems can detect changes in oil
quality, temperature, and contamination levels in real-time, enabling proactive
maintenance and oil change scheduling. Such advancements not only improve
engine performance and longevity but also reduce maintenance costs and minimize
downtime. As digitalization continues to advance, the Global Automotive Two
Wheeler Engine Oil market is expected to witness further integration of
technology in engine oil management and maintenance practices, aligning with
the broader trends of the automotive industry.
Major companies operating in Global Automotive
Two Wheeler Engine Oil Market are:
- Royal Dutch Shell plc
- Pentagon Lubricants Private Limited
- Castrol Limited
- HINDUJA GROUP
- Saudi Arabian Oil Co.
- Total S.A
- Gazprom
- LUKOIL oil Company
- Exxon Mobil Corporation
- Chevron Corporation
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“The Global
Automotive Two Wheeler Engine Oil market is a dynamic sector within the
automotive industry, continually evolving to meet the demands of modern
two-wheeler engines. Key trends include the growing preference for synthetic
and low-viscosity oils, driven by the need for improved performance and fuel
efficiency. Eco-friendly lubricants are gaining prominence as sustainability
becomes a global priority, emphasizing the market's commitment to
environmentally responsible solutions. Customization and specialty lubricants
are on the rise to optimize engine performance for diverse two-wheeler models.
Additionally, digitalization and predictive maintenance technologies are
transforming oil management, enhancing performance, and reducing maintenance
costs. In an ever-changing landscape, this market remains at the forefront of
innovation to cater to the evolving requirements of two-wheeler manufacturers
and environmentally conscious consumers worldwide.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Automotive
Two Wheeler Engine Oil Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented By Grade (Synthetic, Semi synthetic and
Minerals), By Demand Category (OEM, Aftermarket) By Region, By Competition,
2018-2028”, has evaluated the future growth potential of Global Automotive
Two Wheeler Engine Oil Market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Automotive
Two Wheeler Engine Oil Market.
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