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Agricultural Lubricants Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR40425
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The agricultural lubricants market has the potential to grow by USD 657.45 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.87%.

This agricultural lubricants market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (mineral oil-based lubricants, synthetic-based lubricants, and bio-based lubricants) and geography (APAC, Europe, North America, South America, and MEA). The agricultural lubricants market report also offers information on several market vendors, including BP Plc, Chevron Corp., CONDAT group, Exxon Mobil Corp., FUCHS PETROLUB SE, Gulf Oil Lubricants India Ltd., Repsol SA, Royal Dutch Shell Plc, TOTAL SA, and Witham Oil & Paint Ltd. among others.

What will the Agricultural Lubricants Market Size be in 2021?

Agricultural-Lubricants-Market-Market-Size-2020-2025

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Agricultural Lubricants Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The high adoption of agricultural machines is notably driving the agricultural lubricants market growth, although factors such as volatility in raw material prices may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the agricultural lubricants industry get your FREE report sample now.

  • With the aging workforce and shift of consumers to other jobs, the farming industry is challenged with a severe shortage of labor.
  • The use of machines has increased to reduce the human workforce and enhance farming efficiency.
  • The extensive use of machines in farming will fuel the consumption of agricultural lubricants, which will further, help in increasing productivity along with reducing the total cost of ownership.
  • The high adoption of agricultural machines will subsequently fuel agricultural lubricants market size.
  • The adoption of precision farming techniques is one of the key agricultural lubricants market trends.
  • Precision farming techniques have become fundamental for increasing agricultural productivity.
  • The adoption of precision technologies such as tractor guidance systems, global positioning system (GPS), soil and yield mapping, and variable-rate input (VRT) applications help end-users gain information on changing field conditions and aid in modifying production technologies.

This agricultural lubricants market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Agricultural Lubricants Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • BP Plc
  • Chevron Corp.
  • CONDAT group
  • Exxon Mobil Corp.
  • FUCHS PETROLUB SE
  • Gulf Oil Lubricants India Ltd.
  • Repsol SA
  • Royal Dutch Shell Plc
  • TOTAL SA
  • Witham Oil & Paint Ltd.

 

The agricultural lubricants market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the agricultural lubricants market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Agricultural Lubricants Market?

Agricultural-Lubricants-Market-Market-Share-by-Region-2020-2025

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48% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the agricultural lubricants market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rapid increase in population and the rise in demand for food will facilitate the agricultural lubricants market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Type Segments in the Agricultural Lubricants Market?

Agricultural-Lubricants-Market-Market-Share-by-Type-2020-2025

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Factors such as the easy availability, low cost of mineral oils, and increased expenditure on R&D are likely to drive the demand for mineral oil-based lubricants, which will contribute to the agricultural lubricants market share growth. Paraffinic mineral oil is preferred to aromatic mineral oil and naphthenic mineral oil. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the agricultural lubricants market size.

 

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What are the Key Factors Covered in this Agricultural Lubricants Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive agricultural lubricants market growth during the next five years
  • Precise estimation of the agricultural lubricants market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the agricultural lubricants industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of agricultural lubricants market vendors

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Agricultural Lubricants Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

USD 657.45 million

Market structure

Fragmented

YoY growth (%)

4.27

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 48%

Key consumer countries

China, US, Russian Federation, Canada, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

BP Plc, Chevron Corp., CONDAT group, Exxon Mobil Corp., FUCHS PETROLUB SE, Gulf Oil Lubricants India Ltd., Repsol SA, Royal Dutch Shell Plc, TOTAL SA, and Witham Oil & Paint Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Mineral oil-based lubricants - Market size and forecast 2020-2025
    • Synthetic-based lubricants - Market size and forecast 2020-2025
    • Bio-based lubricants - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

    • Customer Landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor Landscape
    • Landscape disruption
    • Competitive Scenario

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • BP Plc
    • Chevron Corp.
    • CONDAT group
    • Exxon Mobil Corp.
    • FUCHS PETROLUB SE
    • Gulf Oil Lubricants India Ltd.
    • Repsol SA
    • Royal Dutch Shell Plc
    • TOTAL SA
    • Witham Oil & Paint Ltd.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The agricultural lubricants market growth will increase by $609.39 million during 2019-2024.
    The agricultural lubricants market is expected to grow at a CAGR of 4.67% during 2019-2024.
    Technavio has segmented the agricultural lubricants market by type (Mineral oil-based lubricants, Synthetic-based lubricants, and Bio-based lubricants) and geographic (APAC, Europe, North America, and South America).
    BP Plc, Chevron Corp., CONDAT group, Exxon Mobil Corp., FUCHS PETROLUB SE, Gulf Oil Lubricants India Ltd., Repsol SA, Royal Dutch Shell Plc, TOTAL SA, Witham Oil & Paint Ltd. are a few of the key vendors in the agricultural lubricants market.
    APAC will register the highest growth rate of 50.37% among the other regions. Therefore, the agricultural lubricants market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • China
    • US
    • Russian Federation
    • Canada
    • India
    The key factors driving the agricultural lubricants market growth are:
    • High adoption of agricultural machines
    • Launches of new products
    The agricultural lubricants market vendors should focus on grabbing business opportunities from the mineral oil-based lubricants segment as it accounted for the largest market share in the base year.
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