Report forecast the global aftermarket for engine oil in
passenger cars to grow at a CAGR of 3.21% during the period 2016-2020.
Engine oil in passenger cars is used to reduce friction and
wear and tear of the connecting rods and moving engine crankshaft, bearings,
and pistons. Engine oil serves as an effective coolant as it prevents the
formation of rust and corrosion. Synthetic engine oils are now being widely
accepted as the standard engine oil by OEMs due to better compatibility with
the environment as well as technical benefits over conventional mineral oil
engine oils.
The report covers the present scenario and the growth
prospects of the global aftermarket for engine oil in passenger cars for
2016-2020. To calculate the market size, the report considers the number of
parc vehicles, average engine oil capacity of the vehicles, and average
distance required for changing engine oil in cars in different regions.
The market is divided into the following segments based
on geography:
- Americas
- APAC
- Europe
According to the report, one of the major drivers for this
market is rise in number of parc vehicles. There has been a continuous increase
in the number of parc vehicles across all regions. The major factors
contributing to the rise of parc vehicles is the continuous rise in the number
of new registrations and longer life of cars, pushing the car parc number
across the world. As a result, there is less scrappage of cars.
Further, the report states that one of the major factors
hindering the growth of this market is increased focus on downsizing of
engines. The downsizing of engines is a major challenge for this market as it
leads to decrease in the consumption of engine oil, negatively affecting the
total revenue earned by the firms operating in this market. OEMs are focusing
more to downsize the capacity of the already downsized engines to make it even
more powerful and more efficient at the same time.
Global Aftermarket for Engine Oil in Passenger Cars
2016-2020, has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion
of the key vendors operating in this market.
key players in the global aftermarket for engine oil in
passenger cars: Shell, ExxonMobil, and British Petroleum.
Other Prominent Vendors in the market are: Castrol, Gulf
Oil, Motorcraft, and Valvoline.
Market driver
- Rise in number of parc vehicles
- For a full, detailed list, view our report
Market challenge
- Increased focus on downsizing of engines
- For a full, detailed list, view our report
Market trend
- Growing use of synthetic oils in APAC
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 55 pages and 30 Exhibits “Global
Aftermarket for Engine Oil in Passenger Cars 2016 - 2020” report covers Executive
summary, Scope of the report, Market research methodology, Introduction, Market
landscape, Market segmentation by engine capacity type, Geographical
segmentation, Key leading countries, Market drivers, Impact of drivers, Market
challenges, Impact of drivers and challenges, Market trends, Vendor landscape,
Key vendor analysis, Appendix.
For
more information Visit at: http://mrr.cm/3RX
Related Reports;
Global Electric Trike Market 2016-2020 - Visit at - http://mrr.cm/3RB
Global Motorcycle Rental Market 2016-2020 - Visit at - http://mrr.cm/3R2
No comments:
Post a Comment