Automotive Lubricant Market worth $6,839.9 Million by 2019
The growth of the automotive lubricant market is driven by factors such as the growing demand for light and heavy commercial vehicles, government legislations on automotive lubricants, and increasing vehicle life span. http://www.micromarketmonitor.com/market-report/automotive-lubricant-reports6793977885.html Key players in the Global Automotive Lubricant Market include Royal Dutch Shell PLC (Netherlands), Exxon Mobil Corporation (U.S.), and BP
According to the new market research report “Global Automotive Lubricant Market by Vehicle Type (Passenger Car, LCV, HCV), By Application (Engine Oil, Transmission Fluid, Brake Oil), by Geography (Asia-Pacific, Europe, North America, RoW) - Analysis and Forecast to 2019”, the Global Automotive lubricant Market is estimated to reach approximately $6,839.9 Million by 2019.
PLC (U.K.).
This report studies the global automotive lubricant market for the forecast period 2014 to 2019. The market is expected to grow from $4,403.0 million in 2014 to $6,839.9 million by 2019, at a CAGR of 9.2%. The global automotive lubricant market is classified on the basis of vehicle type, application, and geography. The vehicle type segment is further categorized into passenger cars, light commercial vehicles, and heavy commercial vehicles. The application segment is segmented into engine oil, transmission fluid, and brake fluid. Regions taken into consideration are Asia-Pacific, North America, and Europe. As of 2014, Asia-Pacific is estimated to hold the largest share in the global automotive lubricant market, followed by North America and Europe. The transmission fluid application segment of the automotive lubricant market was estimated to account for the largest share, in terms of value—that is, 50.7%—in 2014, followed by the engine oil segment. Factors such as the increasing demand for LCVs and HCVs, the rise in the average age of vehicles, and government legislations for automotive lubricant are driving the market. Changing lifestyles and the growing demand for comfort in every aspect of life are giving rise to the invention of various machines, and indirectly driving the lubrication market. Email: sales@micromarketmonitor.com
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Browse through the market data tables, figures and detailed TOC on the “Global Automotive Lubricant Market� http://www.micromarketmonitor.com/market-report/automotive-lubricant-reports6793977885.html Report Subscription: MicroMarket Monitor produces exclusive market research reports, based on real-time data to provide better understanding of the dynamic market conditions of the Automotive industry. The reports offer in-depth and complete analysis of the regional and country level marketplaces. The research reports for Automotive industry are updated on quarterly basis and are easily available for purchase through annual subscriptions. http://www.micromarketmonitor.com/offerings/subscription About MicroMarket Monitor : MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
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Email: sales@micromarketmonitor.com
Tel: +1-888-502-0539