Automotive Engine Oil Coolant Market to Develop at 11% CAGR by 2023| Latest COVID19 Impact Analysis | Demand, Growth, Trends, Segmentation and Forecasts to 2027
Market Analysis
The automotive engine oil coolant
market will develop at an 11% CAGR between 2017- 2023, according to the new
Market Research Future (MRFR) analysis. An automotive engine coolant has three
essential functions- maintain a minimum level temperature of the engine and
stop freezing when the car is unused for long, prevent corrosion of metal
machinery, and cool engine parts to prevent overheating when the car is in
use.
Various factors are propelling the
global automotive engine oil coolant sales. As per the MRFR report such factors
include the rapid rise in the sales of cars especially in developing countries,
developed infrastructure, burgeoning demand for heavy-duty and passenger cars,
rise in conventional fuel price, increase in the lifespan of cars in operation,
growing adoption of bio-based lubricants to reduce harmful environmental
impact, and need for fuel-efficiency.
On the flip side, the current COVID-19
pandemic may limit the global automotive engine oil coolant market growth
during the forecast period.
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Market Segmentation
The Market Research Future Report
highlights an inclusive segmental analysis of the global automotive engine oil
coolant market based on type, cooling mechanism, function, end market, and
vehicle type.
By type, the global automotive engine
oil coolant market is segmented into hybrid engine oil coolant, organic engine
oil coolant, and synthetic engine oil coolant. Of these, synthetic engine oil
coolant will stay at the forefront in the market over the forecast
period.
By cooling mechanism, the global
automotive engine oil coolant market is segmented into liquid cooled, water
cooled, and air cooled. Of these, the liquid cooled segment will lead the
market over the forecast period.
By function, the global automotive
engine oil coolant market is segmented into engine corrosion prevention and
engine cooling.
By end market, the global automotive
engine oil coolant market is segmented into aftermarket and OEM (original
equipment manufacturers). Of these, the aftermarket segment will dominate the
market over the forecast period.
Forecast by vehicle type, the global
automotive engine oil coolant market is segmented into commercial car and
passenger car. Of these, the passenger cars will spearhead the market over the
forecast period.
Regional Analysis
By region, the global automotive
engine oil coolant market covers the growth opportunities and recent trends
across Europe, North America, the Asia Pacific (APAC), & the Rest of the
World (RoW). Among these, North America will lead the market over the forecast
period. Preference for large road plying trucks which travel from coast to
coast to transport all forms of materials and goods, preference for large
personalized cars like SUVs and mini trucks, largest vehicle production in the
US, do it yourself culture, booming automotive aftermarket, and a huge number
of cars and their vibrant country/intercity road connectivity are adding to the
global automotive engine oil coolant market growth in this region. The United
States has the utmost share in the market.
In the APAC region, the global
automotive engine oil coolant market is predicted to have sound growth over the
forecast period. The rising problem of engine heating, rising number of cars,
upcoming government regulations, the rising average lifespan of cars, demand
for goods carriers from SMEs and micro-enterprises, rising mobility owing to
the development of satellite townships near megacities, growing inspiration to
own private cars, developing surface transportation infrastructure, rising
disposable income, and growing middle-class population are adding to the global
automotive engine oil coolant market growth in the region. China holds the
utmost share in the market.
In Europe, the global automotive
engine oil coolant market is predicted to have healthy growth over the forecast
period. Manufacturers shifting focus to hybrid engine coolants from
conventional engine coolants, production of high-end automobiles, and
consistent sales of cars are adding to the global automotive engine oil coolant
market growth in the region.
In the Rest of the World, the global
automotive engine oil coolant market is predicted to have steady growth over
the forecast period.
Key Players
Key contenders profiled in the global
automotive lubricant and coolant market report include Chevron Corporation
(U.S.), Royal Dutch Shell (U.K.), Valvoline (U.S.), Blue Star Lubrication
Technology LLC (U.S.), Amsoil Inc. (U.S.), Setrab (U.S.), PWR Holdings
(Australia), Titanx Engine Cooling, Inc. (U.S.), Fluidyne Control Systems (P)
Ltd (India), Castrol (U.K.), Dana Incorporated (U.S.), and MAHLE GmbH
(Germany).
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Key Questions
Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/ Capacity) is
driving market?
- What will be the growth rate?
- How are the key players in this
market?
- What are the strategies adopted by
key players?
TABLE OF
CONTENTS
1 EXECUTIVE
SUMMARY
2 SCOPE OF
THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET
LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN
ANALYSIS
4 MARKET
DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
About Market Research Future:
At Market Research
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intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important
questions.
Media
Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send
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