Surging Demand for High-Performance Lubricants Bolsters the Automotive Lubricants Market Growth
According to our latest study on "Automotive Lubricants Market Size and Forecast (2021–2031), Global and Regional Growth Opportunity Analysis – by type, product type and vehicle type," the market size is expected to grow from US$ 86.15 billion in 2024 to US$ 122.93 billion by 2031; the automotive lubricants market is estimated to register a CAGR of 5.4% from 2025 to 2031. The report highlights factors driving the automotive lubricants market growth and prominent players, along with their developments in the market. The report also covers the automotive lubricants market trends and their foreseeable impact during the forecast period.
In emerging economies, rising incomes, urbanization, and infrastructure development increase passenger and commercial vehicle ownership. This growing number of vehicles is increasing the demand for engine oils, transmission fluids, greases, and other lubricants needed to perform routine maintenance. Meanwhile, engines are becoming more compact, efficient, and heat-intensive, attributed to the regulatory issues surrounding reduced emissions and high fuel consumption. These high-powertrains demand synthetic and semi-synthetic oils with improved thermal stability, oxidation characteristics, and long drain time. The fast expansion of commercial transportation, logistics, and e-commerce demands heavy-duty lubricants to decrease wear, prolong engine lifespan, and improve fuel efficiency.
The trend to electric vehicles (EVs) is changing the landscape of lubricants and creating new niches for thermal management fluids, e-gear oils, and electric drive-specific greases. Although EVs have lower requirements for conventional lubricants, the introduction of sophisticated cooling oils to help batteries, inverters, and power electronics is a large potential growth segment in the long term. The adoption of synthetic lubricants is being supported by increasing consumer awareness of the performance benefits that these types of oil offer, such as longer oil-change intervals and greater engine protection. Such superior lubricants assist the OEMs and fleet operators in achieving sustainability by minimizing energy wastage and decreasing carbon emissions. The digitalization is generating opportunities, with predictive maintenance systems and connected cars expanding smart usage of lubricants with the ability to incorporate condition sensing to extend the life of equipment and reduce downtime.
Automotive Lubricants Market Breakdown – by Region
Automotive Lubricants Market Growth & Key Opportunities 2031
Download Free SampleAutomotive Lubricants Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Mineral Oil, Synthetic Oil, and Bio-Based Oil), Product Type (Engine Oil, Hydraulic Oil, Gear Oil, Grease, and Others), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Others), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America)
Environmental laws across the globe boost the production of bio-based and low-toxic lubricants, contributing to the growing automotive lubricants market share with product developments in greener formulations. Comprehensively, the automotive lubricants industry is evolving due to the rise and expansion of vehicles, performance potentials, and new generation mobility technologies, and provides robust prospects in synthetics, EV-related fluids, sustainability-focused formulations, and digitally enabled lubrications.
Asia Pacific was the largest contributor to the automotive lubricants market share in 2024, attributed to population growth, massive manufacturing capacity, and expanding transportation activity. Rising incomes, expanding middle-class populations, and rapid urbanization have increased vehicle ownership, making the region the strongest contributor to global automobile sales and aftermarket servicing. This growing fleet requires regular oil changes, fueling demand for engine oils, greases, transmission fluids, and coolants.
The automotive lubricants market analysis has been performed by considering the following segments: type, product type, and vehicle type. By type, the automotive lubricants market is segmented into mineral oil, synthetic oil, and bio-based oil. The mineral oil segment accounted for the largest market share in 2024. Based on product type, the market is classified into engine oil, hydraulic oil, gear oil, grease, and others. The engine oil segment accounted for the largest market share in 2024. On the basis of vehicle type, the market is categorized into passenger cars, light commercial vehicles, heavy commercial vehicles, and others. The light commercial vehicles segment accounted for the largest market share in 2024. Serving a critical role in urban logistics, delivery services, and small-scale commercial transport, the light commercial vehicle segment demands lubricants that balance performance with operational economy. These engines typically endure more frequent start-stop cycles and carry heavier loads than passenger cars, necessitating robust oils that effectively control soot and prevent viscosity breakdown.
The automotive lubricants market forecast can help stakeholders plan their growth strategies. China Petroleum & Chemical Corp (Sinopec), Exxon Mobil Corp, BP Plc, Shell plc, Chevron Corp, TotalEnergies SE, Valvoline Inc, Gulf Oil International, Idemitsu Kosan Co Ltd, and China National Petroleum Corporation (CNPC) are among the prominent players profiled in the automotive lubricants market report. These players are focusing on providing high-quality products to fulfill customer demand. They are adopting new product launches, capacity expansions, partnerships, and collaborations to stay competitive in the automotive lubricants market.
The geographical scope of the automotive lubricants market report focuses on North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The market in North America is segmented into the US, Canada, and Mexico. The market in Europe is divided into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The market in Asia Pacific is categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The Middle East & Africa market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. The market in South & Central America is classified into Brazil, Argentina, and the Rest of South & Central America.
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