North America to Lead Automotive Engine Oil Coolant Market Size
Market Analysis
The Automotive Engine Oil Coolant
Market Size 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 Sizeduring
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 Size based on type, cooling mechanism, function, end market, and
vehicle type.
By type, the global Automotive Engine
Oil Coolant Market Size 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 Size 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 Size is segmented into engine corrosion prevention
and engine cooling.
By end market, the global Automotive
Engine Oil Coolant Market Size 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 Growth 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 Size 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 Size in this region. The
United States has the utmost share in the market.
In the APAC region, the global Automotive
Engine Oil Coolant Market Size 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 Size in the region. China holds the utmost
share in the market.
In Europe, the global Automotive
Engine Oil Coolant Market Size 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 Size in the region.
In the Rest of the World, the global Automotive
Engine Oil Coolant Market Size is predicted to have steady growth over the
forecast period.
Key Players
Key contenders profiled in the global
automotive lubricant and coolant market size 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 Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and 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.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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