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Report
Aftermarket for Engine Oil in Passenger Cars Market by Application (Pickup Trucks, Minivans, SUVs, Compact Car), and Region 2023-2028
Market Report I 2023-07-05 I 150 Pages I IMARC Group
Market Overview:
The global aftermarket for engine oil in passenger cars market size reached 1.1 Billion Gallons in 2022. Looking forward, IMARC Group expects the market to reach 1.38 Billion Gallons by 2028, exhibiting a growth rate (CAGR) of 3.86% during 2023-2028. The increasing demand for passenger cars, the escalating need for regular maintenance, check, and servicing in vehicles, rapid product innovations, widespread product availability across e-commerce platforms, and extensive research and development (R&D) activities are some of the key factors driving the market.
The aftermarket for engine oil in passenger cars refers to the sale and distribution of engine oil products that are not directly supplied by the original equipment manufacturer (OEM) or the vehicle manufacturer. It offers a diverse range of engine oil products to cater to different car models, engine types, and performance requirements. The aftermarket for engine oil in passenger cars helps ensure proper engine maintenance, enhances the performance of passenger car engines, and provides cost-effective solutions for oil changes and routine maintenance. As compared to purchasing OEM-branded oils, aftermarket engine oils are widely accessible through various channels, such as auto parts stores, online retailers, and independent service centers, and are cost-effective. Moreover, aftermarket engine oils are extensively used in pickup trucks, minivans, SUVs, and compact cars.
Aftermarket for Engine Oil in Passenger Cars Market Trends:
The increasing demand for passenger cars across the globe is one of the key factors propelling the market growth. In line with this, the rising need for regular maintenance and servicing is acting as another growth-inducing factor. Engine oil is widely used for regular maintenance to ensure optimal engine performance and longevity. Moreover, the widespread product adoption to maintain performance and prevent engine wear in aging vehicles is creating a positive outlook for the market. Apart from this, the introduction of advanced engine oils that can withstand higher temperatures and provide improved lubrication is providing an impetus to the market growth. Additionally, the increasing demand for engine oil products that contribute to reduced emissions and improved fuel efficiency due to the rising environmental consciousness among the masses is contributing to the market growth. Furthermore, the increasing awareness among consumers regarding the importance of regular vehicle maintenance, including oil changes, is positively influencing the market growth. Other factors, including significant growth in the automotive industry, enhanced focus on research and development (R&D) activities, and widespread product availability across e-commerce platforms, are repeating remunerative growth opportunities for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global aftermarket for engine oil in passenger cars market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on application.
Application Insights:
Pickup Trucks
Minivans
SUVs
Compact Car
The report has provided a detailed breakup and analysis of the aftermarket for engine oil in passenger cars market based on the application. This includes pickup trucks, minivans, SUVs, and compact car. According to the report, pickup trucks represented the largest segment.
Regional Insights:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for aftermarket for engine oil in passenger cars. Some of the factors driving the Asia Pacific aftermarket for engine oil in passenger cars market included the increasing awareness regarding the importance of regular vehicle maintenance, various technological advancements, and significant growth in the automotive industry.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global aftermarket for engine oil in passenger cars market. Detailed profiles of all major companies have been provided. Some of the companies covered include Amsoil Inc., Castrol Limited (BP p.l.c.), Chevron Corporation (Hinduja Group), Gulf Oil Lubricants India Ltd, Shell plc, Valvoline Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global aftermarket for engine oil in passenger cars market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global aftermarket for engine oil in passenger cars market?
What is the impact of each driver, restraint, and opportunity on the global aftermarket for engine oil in passenger cars market?
What are the key regional markets?
Which countries represent the most attractive aftermarket for engine oil in passenger cars market?
What is the breakup of the market based on the application?
Which is the most attractive application in the aftermarket for engine oil in passenger cars market?
What is the competitive structure of the global aftermarket for engine oil in passenger cars market?
Who are the key players/companies in the global aftermarket for engine oil in passenger cars market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Aftermarket for Engine Oil in Passenger Cars Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Application
6.1 Pickup Trucks
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Minivans
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 SUVs
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Compact Car
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Region
7.1 North America
7.1.1 United States
7.1.1.1 Market Trends
7.1.1.2 Market Forecast
7.1.2 Canada
7.1.2.1 Market Trends
7.1.2.2 Market Forecast
7.2 Asia-Pacific
7.2.1 China
7.2.1.1 Market Trends
7.2.1.2 Market Forecast
7.2.2 Japan
7.2.2.1 Market Trends
7.2.2.2 Market Forecast
7.2.3 India
7.2.3.1 Market Trends
7.2.3.2 Market Forecast
7.2.4 South Korea
7.2.4.1 Market Trends
7.2.4.2 Market Forecast
7.2.5 Australia
7.2.5.1 Market Trends
7.2.5.2 Market Forecast
7.2.6 Indonesia
7.2.6.1 Market Trends
7.2.6.2 Market Forecast
7.2.7 Others
7.2.7.1 Market Trends
7.2.7.2 Market Forecast
7.3 Europe
7.3.1 Germany
7.3.1.1 Market Trends
7.3.1.2 Market Forecast
7.3.2 France
7.3.2.1 Market Trends
7.3.2.2 Market Forecast
7.3.3 United Kingdom
7.3.3.1 Market Trends
7.3.3.2 Market Forecast
7.3.4 Italy
7.3.4.1 Market Trends
7.3.4.2 Market Forecast
7.3.5 Spain
7.3.5.1 Market Trends
7.3.5.2 Market Forecast
7.3.6 Russia
7.3.6.1 Market Trends
7.3.6.2 Market Forecast
7.3.7 Others
7.3.7.1 Market Trends
7.3.7.2 Market Forecast
7.4 Latin America
7.4.1 Brazil
7.4.1.1 Market Trends
7.4.1.2 Market Forecast
7.4.2 Mexico
7.4.2.1 Market Trends
7.4.2.2 Market Forecast
7.4.3 Others
7.4.3.1 Market Trends
7.4.3.2 Market Forecast
7.5 Middle East and Africa
7.5.1 Market Trends
7.5.2 Market Breakup by Country
7.5.3 Market Forecast
8 Drivers, Restraints, and Opportunities
8.1 Overview
8.2 Drivers
8.3 Restraints
8.4 Opportunities
9 Value Chain Analysis
10 Porters Five Forces Analysis
10.1 Overview
10.2 Bargaining Power of Buyers
10.3 Bargaining Power of Suppliers
10.4 Degree of Competition
10.5 Threat of New Entrants
10.6 Threat of Substitutes
11 Price Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Profiles of Key Players
12.3.1 Amsoil Inc.
12.3.1.1 Company Overview
12.3.1.2 Product Portfolio
12.3.2 Castrol Limited (BP p.l.c.)
12.3.2.1 Company Overview
12.3.2.2 Product Portfolio
12.3.3 Chevron Corporation (Hinduja Group)
12.3.3.1 Company Overview
12.3.3.2 Product Portfolio
12.3.3.3 Financials
12.3.3.4 SWOT Analysis
12.3.4 Gulf Oil Lubricants India Ltd
12.3.4.1 Company Overview
12.3.4.2 Product Portfolio
12.3.4.3 Financials
12.3.5 Shell plc
12.3.5.1 Company Overview
12.3.5.2 Product Portfolio
12.3.5.3 Financials
12.3.6 Valvoline Inc.
12.3.6.1 Company Overview
12.3.6.2 Product Portfolio
12.3.6.3 Financials
12.3.6.4 SWOT Analysis
Figure 1: Global: Aftermarket for Engine Oil in Passenger Cars Market: Major Drivers and Challenges
Figure 2: Global: Aftermarket for Engine Oil in Passenger Cars Market: Volume Trends (in Billion Gallons), 2017-2022
Figure 3: Global: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Volume Trends (in Billion Gallons), 2023-2028
Figure 4: Global: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017-2022
Figure 5: Global: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 6: Global: Aftermarket for Engine Oil in Passenger Cars Market: Breakup by Application (in %), 2022
Figure 7: Global: Aftermarket for Engine Oil in Passenger Cars Market: Breakup by Region (in %), 2022
Figure 8: Global: Aftermarket for Engine Oil in Passenger Cars (Pickup Trucks) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Aftermarket for Engine Oil in Passenger Cars (Pickup Trucks) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Aftermarket for Engine Oil in Passenger Cars (Minivans) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Aftermarket for Engine Oil in Passenger Cars (Minivans) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Aftermarket for Engine Oil in Passenger Cars (SUVs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Aftermarket for Engine Oil in Passenger Cars (SUVs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Aftermarket for Engine Oil in Passenger Cars (Compact Car) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Aftermarket for Engine Oil in Passenger Cars (Compact Car) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: North America: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: North America: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: United States: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: United States: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Canada: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Canada: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Asia-Pacific: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Asia-Pacific: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: China: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: China: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Japan: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Japan: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: India: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: India: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: South Korea: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: South Korea: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Australia: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Australia: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Indonesia: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Indonesia: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Others: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Others: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Europe: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Europe: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Germany: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Germany: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: France: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: France: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: United Kingdom: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: United Kingdom: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Italy: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Italy: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Spain: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Spain: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Russia: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Russia: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Others: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Others: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Latin America: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Latin America: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Brazil: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Brazil: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Mexico: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Mexico: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Middle East and Africa: Aftermarket for Engine Oil in Passenger Cars Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Middle East and Africa: Aftermarket for Engine Oil in Passenger Cars Market: Breakup by Country (in %), 2022
Figure 64: Middle East and Africa: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Global: Aftermarket for Engine Oil in Passenger Cars Industry: Drivers, Restraints, and Opportunities
Figure 66: Global: Aftermarket for Engine Oil in Passenger Cars Industry: Value Chain Analysis
Figure 67: Global: Aftermarket for Engine Oil in Passenger Cars Industry: Porter's Five Forces Analysis
Table 1: Global: Aftermarket for Engine Oil in Passenger Cars Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 3: Global: Aftermarket for Engine Oil in Passenger Cars Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 4: Global: Aftermarket for Engine Oil in Passenger Cars Market: Competitive Structure
Table 5: Global: Aftermarket for Engine Oil in Passenger Cars Market: Key Players
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