Global Aftermarket for Engine Oil in Passenger Cars 2016-2020

Overview of the global aftermarket for engine oils in passenger cars

The global aftermarket for engine oil in passenger cars is anticipated to grow at a steady rate and will post a CAGR of more than 3% during the forecast period. According to the market research analyst, the increase in average miles driven will drive the growth prospects for the global aftermarket for engine oils in passenger cars in the coming years. In the Americas, it has been estimated that 70% of the states have experienced an increase in the miles traveled per capita. Some of the regions in the Americas that have experienced this growth are Oregon, Alaska, Georgia and Texas. One of the major factors responsible for the growth in the average miles driven includes the demography of the consumers.

The rise in road tourism in India and China will drive the growth prospects for the global aftermarket for engine oils in passenger cars during the forecasted period. The increasing average miles driven per capita due to the growing road tripping tourism in China is directly influencing the consumption of engine oils. Some of the most preferred spots for road tourism in China are Guiyang in Guizhou province and Dali and Lijiang in Yunnan province. One of the major factors responsible for the growing average in the miles driven is the increasing preference for tour packages among consumers. For instance, travel agencies like China Youth Travel Service customize their tour packages by including rental cars and enable road-tripping and sightseeing with limited transportation facilities.

Competitive landscape and key vendors

The global aftermarket for engine oil in passenger cars is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. Many of these vendors collaborate with original equipment manufacturer (OEMs) to come up with better products. Also, some vendors offer car lubricants, lubricants for vehicles, lubricants for retailers, wholesalers, and workshops to gain traction in the market.

Key vendors in this market are -

• Shell
• ExxonMobil
• British Petroleum

Other prominent vendors in the market include Castrol, Gulf Oil, Motorcraft, and Valvoline.

Segmentation by engine capacity type and analysis of the aftermarket for engine oil in passenger cars

• Compact size
• Mid-size
• Full size

The full-size vehicle segment accounted for the maximum market share during 2015 and will continue to dominate the market for the next four years. One of the major factors responsible for the market segment’s dominance is the increase in the amount of fuel consumed by full-size vehicles in comparison to compact-size and mid-size vehicle types.

Segmentation by geography and analysis of the aftermarket for engine oil in passenger cars

• Americas
• APAC
• Europe

In terms of geography, the Americas accounted for the maximum market share during 2015 and will continue to dominate the market in the coming years. Some of the major factors responsible for the market’s growth includes more parc vehicles, maximum average miles driven, and the increasing popularity of the full-size vehicles in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global aftermarket for engine oil in passenger cars?
• What are the key market trends impacting the growth of the global aftermarket for engine oil in passenger cars?
• What are the challenges to market growth?
• Who are the key vendors in the global aftermarket for engine oil in passenger cars?
• What are the market opportunities and threats faced by the vendors in the global aftermarket for engine oil in passenger cars?
• What are the trending factors influencing the market shares of the Americas, APAC, and Europe?
• What are the key outcomes of the five forces analysis of the global aftermarket for engine oil in passenger cars?

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