Two-Wheeler Lubricants Market Size, Share & Industry Analysis, By Product Type (Engine Oil, Suspension Oil, Brake Oil , Chain Oil), By End-Use (Motorcycles, Scooters) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104247 | Status : Ongoing

KEY INDUSTRY INSIGHTS

The two-wheeler lubricants could be produced from the mineral or synthetically. The lubricants are mainly used along with engine oil, suspension oil, brake oil, and chain oil. These lubricants are packed and supplied with the help of cans, pouches, bottles, and buckets. Moreover, the lubricants offer high fuel efficiency, low oil consumption, lower maintenance cost, and longer oil & engine life. The product also provides excellent protection to engines, gears, and a clutch of a motorcycle, while ensuring the high durability of the engine. These beneficial factors surge the demand for two-wheeler lubricants in the motorcycles and scooters.

Nowadays, the increasing traffic in the developed areas is the major concern for the people. This further makes two-wheelers as an ideal choice when compared with four-wheelers. In addition, the robust two-wheeler sales, population growth, rise in vehicle ownership, and increasing mobility are the main factors leading to the demand for two-wheelers such as motorcycles and scooters. Moreover, two-wheelers are affordable when compared with other vehicles. Hence, the rising demand will contribute to fuel the two-wheeler lubricants market growth during the review period.

However, rising CO₂ and greenhouse emissions have led to the increase in the adoption of electric vehicles, which further reduces the demand for engine oils. Hence, this is anticipated to hamper the two-wheeler lubricants market growth.

Key Market Driver -

Rising demand for two-wheelers will aid to fuel the market growth

Key Market Restraint -

Adoption of electric vehicles leads to restrict the market growth

Market Segmentation:

Based on product type, the two-wheeler lubricants market is segmented into engine oil, suspension oil, brake oil, and chain oil. Based on end-use, the market is segmented into motorcycles and scooters. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:

The key players in the two-wheeler lubricants market include HP Lubricants, Nexton Lubricants, VEEDOL INDIA, Total, AMSOIL INC., Salasar Enterprises., Exxon Mobil Corporation., Paras Lubricants Ltd., Vip Oil Products Ltd., NANDAN PETROCHEM LTD., Inzin Automotive Marketplace Pvt. Ltd, Bosch Limited, Spidigo Lubricants & Automotive, SHELL, and BP Lubricants Pvt. Ltd.

Key Insights

Key Emerging Trends – For Major Countries

Key Developments: Mergers, Acquisition, Partnership, etc.

Latest Technological Advancement

Insights on Regulatory Scenarios

Porters Five Forces Analysis

Regional Analysis:

Asia Pacific to witness sustainable growth in the two-wheeler lubricants market during the forecast period. The growth is attributed to the rising demand for the engine oil product in the motorcycles. The rapidly growing automotive industry in Europe has surged the demand for the product. The rising adoption of brake and suspension oil in the scooters has fueled the market growth in North America. The Middle East & Africa is anticipated to witness significant growth, owing to the rising demand for motorcycles.

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Segmentation

ATTRIBUTE	DETAILS
By Product Type	Engine Oil Suspension Oil Brake Oil Chain Oil
By End-Use	Motorcycles Scooters
By Geography	North America (U.S. and Canada) Europe (Germany, France, UK, Italy, Spain, and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

Two-Wheeler Lubricants Market Developments

In August 2019, Shell lubricants made a partnership with Honda two-wheelers. The partnership will expand Shell business in the motorcycle oil category.

In January 2018, Castrol introduced New Castrol Activ, a variant of two-wheeler engine oil. The new launch will help the company to expand its product portfolio.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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