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This research report categorizes the market for motorcycle engine oil based on various segments and region and forecasts revenue growth and analysis of trends in each of the submarkets. The report analyses the key growth drivers, opportunities and challenges, which influence the motorcycle engine oil market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger and acquisition have been included in order to draw the competitive landscape in the motorcycle engine oil market. The report strategically identifies and profiles the key market players and analyses their core competencies in each type and application of the motorcycle engine oil market.
Figure 1: Motorcycle Engine Oil Market- Market Scope
The Motorcycle Engine Oil Market size was estimated at USD XX million in 2020 and is projected to register a CAGR of XX% to reach USD XX million by 2028. A motorcycle engine consists of various motor components that work together to convert fuel energy into mechanical force. As a result, the various parts of the engine come into contact with one another, causing friction. To keep the bike running smoothly, it needs to get its engine oil changed on a regular basis. Engine oil provides engine protection, long engine life, low friction, enhanced oxidation resistance, easy engine start-up, improved fuel efficiency, smoother gear shifts, and longer wet-clutch action.
With rising disposable income, demand for vehicles such as motorcycles and scooters are on the rise, and as a result, demand for engine oil is also increasing rapidly. The growth of the motorcycle engine oil market is being driven by the steady increase in motorcycles sales, especially in emerging countries. Growing demand for scooters and motorcycles is being attributed to the growing use of two-wheelers as the primary mode of transportation, increasing mobility due to urbanization, aspiration to own a vehicle, and growing demand for goods carriers from small and medium-sized businesses, all of which are positively affecting the growth of the motorcycle engine oil market.
Electric micro mobility solutions have grown steadily since their introduction in 2017, according to the International Energy Agency's 2020 outlook, with shared electric scooters (e-scooters), electric-assist bicycles (e-bikes), and electric mopeds now available in over 600 cities across more than 50 countries. 350 million electric two- and three-wheelers, the most of which are in China, account for 25% of all two- and three-wheelers in use ly. This aspect can have a direct negative effect on the motorcycle engine oil market's growth and can limit future market expansion.
The motorcycle engine oil market report is segmented on the basis of engine capacity (CC), grades, oil type, and end use.
Figure 2: Motorcycle Engine Oil Market- By Engine Capacity (CC)
Based on engine capacity (CC), motorcycle engine oil market is classified into <110, 110-200, 200-400, and >400. The use of 100-200 CC engine capacity motorcycles is significantly increasing in developing countries owing to the high mileage and are less costly as compare to higher CC capacity motorcycles. This factor directly positively impacts the motorcycle engine oil market.
Figure 3: Motorcycle Engine Oil Market- By Oil Type
Based on oil type, motorcycle engine oil market is categorized into mineral, semi-synthetic, and fully-synthetic. The mineral-based oil segment is expected to hold major market share followed by the semi-synthetic, and fully-synthetic. The majority of vehicles use mineral-based oil, which is the most basic form of oil. It's a refined petroleum oil that's been treated to function over a broad temperature range and strengthened with other additives to fulfill the needs of a two-wheeler. Mineral oil-based lubricants have greater additive solubility and are more compatible with seals. Furthermore, they are less costly than the other two forms of oil.
Synthetic engine oils have been in high demand across the globe. Synthetic engine oils are used in the majority of high-performance motorcycles (>500cc) due to their excellent lubrication and high-temperature resistance properties.
Figure 4: Motorcycle Engine Oil Market- By End Use
Based on end use, motorcycle engine oil market is bifurcated into OEM, and aftermarket. The aftermarket segment is expected to hold major market share owing to the growing demand of used motorcycles in developing countries as well as to keep the new bike running smoothly, strategy to change engine oil on a regular basis driving the aftermarket segment growth. Since most commuter bikes have a 110cc-125cc engine and a low engine oil volume, 1L bottles are the most common replacement/aftermarket segment. 2.5L bottles are more popular for engines with engine capacity greater than 200cc.
Figure 5: Motorcycle Engine Oil Market- By Region
By region, the motorcycle engine oil market is segmented as North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Asia Pacific is anticipated to grow significantly over the forecast period of the market. The demand for two-wheelers has increased substantially in developing countries such as India, Malaysia, Singapore, Vietnam, Bangladesh, and the Philippines, resulting in an increase in two-wheeler engine oil consumption. Raising urbanisation, increasing incomes, a growing population, and increased competition among two-wheeler manufacturers have resulted in lower vehicle prices that can be afforded by a majority of people in the region.
The demand for mopeds and scooters has recently increased, owing to manufacturers' efforts to expand the two-wheeler market in Asia by targeting senior citizens and women. In addition, one of the factors pushing up engine oil demand is the entry of international manufacturers into the region. Used bikes are in high demand in Bangladesh, Pakistan, Sri Lanka, the Philippines, and other countries, that may pose to high consumption of engine oil these countries. In terms of two-wheeler use, India is one of the world's fastest-growing countries. Honda, Bajaj, Hero, and Suzuki are the major two-wheeler manufacturing companies in India that have seen recent positive growth.
In terms of consumption, China dominated the Asian motorcycle engine oil market. Owing to rapidly increasing vehicle sales, China's automotive industry has experienced tremendous growth in the last decade. During the forecast timeframe, the China motorcycle engine oil market is expected to be driven by rising vehicle demand and rising disposable income.
The competitive scenario highlights the performance of major companies operating in this market. This includes detailed profiling of major companies and their competitive benchmarking. Product profiling provides key information including products/solutions offered, key developments, company performances, and strategies adopted in the recent years. Major companies profiled in the market Include Royal Dutch Shell Plc., Castrol Limited, Exxon Mobil Corporation, Indian Oil Corporation Limited, Bharat Petroleum Corporation Ltd., Chevron Corporation, Fuchs Group, Total S.A, Petronas, Motul, Yamaha Motor, Suzuki Motor Corporation (Ecstar), Idemitsu Kosan Co., Ltd, TVS Motor Company, Bajaj Auto Ltd, Honda Motor Company, Kawasaki Motors Corp., and others. These companies have adopted product development, expansion, and merger strategies to consolidate market position amongst intense competition.
Market Segments
By Engine Capacity (Cc)
By Oil Type
By End Use
By Region
North America Motorcycle Engine Oil Market
Europe Motorcycle Engine Oil Market
Asia Pacific Motorcycle Engine Oil Market
Middle East & Africa Motorcycle Engine Oil Market
South America Motorcycle Engine Oil Market
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TABLE OF CONTENTS
1 MARKET ABSTRACT
1.1 MOTORCYCLE ENGINE OIL MARKET, BY ENGINE CAPACITY (CC)
1.2 MOTORCYCLE ENGINE OIL MARKET, BY OIL TYPE
1.3 MOTORCYCLE ENGINE OIL MARKET, BY END USE
1.4 MOTORCYCLE ENGINE OIL MARKET, BY REGION
2 MARKET INTRODUCTION
2.1 MARKET SCOPE
2.2 MARKET PROPERTIES/BEHAVIOR
2.3 KEY DEFINITIONS–CONTENT
3 QMI RESEARCH PRACTICE
3.1 RESEARCH PRACTICE
3.1.1 LEVEL ANALYSIS
3.1.2 COUNTRY LEVEL ANALYSIS
3.1.3 SUPPLY SIDE ANALYSIS
3.1.4 DEMAND SIDE ANALYSIS
3.1.5 TRIANGULATION
3.2 PRIMARY DATA
3.3 SECONDARY DATA
3.4 MARKET EVALUATION & FORECASTING METHODOLOGY
3.5 ASSUMPTIONS/LIMITATIONS FOR THE STUDY
3.6 WHAT THIS STUDY PROVIDES
3.7 KEY QUESTIONS ANSWERED BY THIS REPORT
3.8 THIS STUDY IS INTENDED FOR
4 KEY RELATED DATA
4.1 COMPETITIVE POSITIONING
4.1.1 PRODUCT POSITIONING
4.1.2 REVENUE POSITIONING
4.1.3 REGIONAL REACH POSITIONING
4.2 MAJOR INVESTMENTS IN LAST FIVE YEARS BY PLAYERS
4.3 KEY INDUSTRY TRENDS IN MAJOR COUNTRIES
4.4 TECHNOLOGICAL ADVANCEMENT
4.5 GUIDELINES / REGULATIONS
4.6 COVID- 19 IMPACT ON MOTORCYCLE ENGINE OIL MARKET
4.6.1 ANALYSIS (REGION WISE)
4.6.2 IMPACT OF COVID-19 ON MAJOR MARKETS
4.7 CUSTOMER LIST (MOTORCYCLE MANUFACTURERS) FOR ENGINE OIL MANUFACTURES
5 IMPACT FACTOR ANALYSIS
5.1 MARKET DYNAMICS
5.1.1 DRIVERS
5.1.2 RESTRAINTS
5.1.3 OPPORTUNITIES
5.1.4 CHALLENGES
5.2 PORTER’S FIVE FORCE MODEL
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 HREAT OF SUBSTITUTE
5.2.3 BARGAINING POWER OF SUPPLIERS
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 INTENSITY OF COMPETITIVE RIVALRY
6 MARKET DEVELOPMENT ANALYSIS
6.1 NEW PRODUCT DEVELOPMENT/LAUNCH (2015-2021)
6.2 MERGERS AND ACQUISITIONS (2015-2021)
6.3 PARTNERSHIPS/AGREEMENTS/COLLABORATIONS (2015-2021)
7 MOTORCYCLE ENGINE OIL MARKET, BY ENGINE CAPACITY (CC) (PRE-COVID AND COVID MARKET ESTIMATION AND FORECAST, 2017-2028)
7.1 INTRODUCTION
7.2 MARKET SHARE ANALYSIS
7.3 <110
7.4 110-200
7.5 200-400
7.6 >400
8 MOTORCYCLE ENGINE OIL MARKET, BY OIL TYPE (PRE-COVID AND COVID MARKET ESTIMATION AND FORECAST, 2017-2028)
8.1 INTRODUCTION
8.2 MARKET SHARE ANALYSIS
8.3 MINERAL
8.4 SEMI-SYNTHETIC
8.5 FULLY-SYNTHETIC
9 MOTORCYCLE ENGINE OIL MARKET, BY END USE (PRE-COVID AND COVID MARKET ESTIMATION AND FORECAST, 2017-2028)
9.1 INTRODUCTION
9.2 MARKET SHARE ANALYSIS
9.3 OEM
9.4 AFTERMARKET
10 MOTORCYCLE ENGINE OIL MARKET, REGIONAL ANALYSIS (PRE-COVID AND COVID MARKET ESTIMATION AND FORECAST, 2017-2028)
10.1 INTRODUCTION
10.2 NORTH AMERICA MOTORCYCLE ENGINE OIL MARKET
10.2.1 NORTH AMERICA MOTORCYCLE ENGINE OIL MARKET, BY COUNTRY
10.2.1.1 US
10.2.1.2 CANADA
10.2.1.3 MEXICO
10.2.2 NORTH AMERICA MOTORCYCLE ENGINE OIL MARKET, BY ENGINE CAPACITY (CC)
10.2.3 NORTH AMERICA MOTORCYCLE ENGINE OIL MARKET, BY OIL TYPE
10.2.4 NORTH AMERICA MOTORCYCLE ENGINE OIL MARKET, BY END USE
10.3 EUROPE MOTORCYCLE ENGINE OIL MARKET
10.3.1 EUROPE MOTORCYCLE ENGINE OIL MARKET, BY COUNTRY
10.3.1.1 GERMANY
10.3.1.2 UK
10.3.1.3 FRANCE
10.3.1.4 ITALY
10.3.1.5 SPAIN
10.3.1.6 RUSSIA
10.3.1.7 REST OF EUROPE
10.3.2 EUROPE MOTORCYCLE ENGINE OIL MARKET, BY ENGINE CAPACITY (CC)
10.3.3 EUROPE MOTORCYCLE ENGINE OIL MARKET, BY OIL TYPE
10.3.4 EUROPE MOTORCYCLE ENGINE OIL MARKET, BY END USE
10.4 ASIA PACIFIC MOTORCYCLE ENGINE OIL MARKET
10.4.1 ASIA PACIFIC MOTORCYCLE ENGINE OIL MARKET, BY COUNTRY
10.4.1.1 CHINA
10.4.1.2 JAPAN
10.4.1.3 INDIA
10.4.1.4 SOUTH KOREA
10.4.1.5 AUSTRALIA
10.4.1.6 REST OF ASIA PACIFIC
10.4.2 ASIA PACIFIC MOTORCYCLE ENGINE OIL MARKET, BY ENGINE CAPACITY (CC)
10.4.3 ASIA PACIFIC MOTORCYCLE ENGINE OIL MARKET, BY OIL TYPE
10.4.4 ASIA PACIFIC MOTORCYCLE ENGINE OIL MARKET, BY END USE
10.5 MIDDLE EAST & AFRICA MOTORCYCLE ENGINE OIL MARKET
10.5.1 MIDDLE EAST & AFRICA MOTORCYCLE ENGINE OIL MARKET, BY COUNTRY
10.5.1.1 UAE
10.5.1.2 SAUDI ARABIA
10.5.1.3 QATAR
10.5.1.4 SOUTH AFRICA
10.5.1.5 REST OF MIDDLE EAST& AFRICA
10.5.2 MIDDLE EAST & AFRICA MOTORCYCLE ENGINE OIL MARKET, BY ENGINE CAPACITY (CC)
10.5.3 MIDDLE EAST & AFRICA MOTORCYCLE ENGINE OIL MARKET, BY OIL TYPE
10.5.4 MIDDLE EAST & AFRICA MOTORCYCLE ENGINE OIL MARKET, BY END USE
10.6 SOUTH AMERICA MOTORCYCLE ENGINE OIL MARKET
10.6.1 SOUTH AMERICA MOTORCYCLE ENGINE OIL MARKET, BY REGION
10.6.1.1 BRAZIL
10.6.1.2 ARGENTINA
10.6.1.3 REST OF SOUTH AMERICA
10.6.2 SOUTH AMERICA MOTORCYCLE ENGINE OIL MARKET, BY ENGINE CAPACITY (CC)
10.6.3 SOUTH AMERICA MOTORCYCLE ENGINE OIL MARKET, BY OIL TYPE
10.6.4 SOUTH AMERICA MOTORCYCLE ENGINE OIL MARKET, BY END USE
11 MOTORCYCLE ENGINE OIL MARKET, COMPANY ANALYSIS
11.1 CASTROL LIMITED
11.1.1 COMPANY OVERVIEW
11.1.1.1 BUSINESS OUTLOOK
11.1.1.2 HEADQUARTER
11.1.1.3 ESTABLISHED/INCORPORATED
11.1.1.4 HEADCOUNTS/ EMPLOYEE STRENGTH
11.1.2 FINANCIAL OVERVIEW
11.1.2.1 SALES/REVENUE
11.1.2.2 R&D EXPENDITURE
11.1.2.3 BUSINESS SEGMENT SALES SHARE
11.1.2.4 REGIONAL SALES SHARE
11.1.3 PRODUCT/SERVICE/SOLUTION OFFERINGS
11.1.4 SWOT ANALYSIS
11.1.5 KEY DEVELOPMENTS (EXPANSION/NEW PRODUCT DEVELOPMENT/AGREEMENT/MERGERS & ACQUISITIONS, PARTNERSHIP/INVESTMENT/ETC.)
11.2 YAMAHA MOTOR (YAMALUBE)
11.3 SUZUKI MOTOR CORPORATION (ECSTAR)
11.4 TVS MOTOR COMPANY
11.5 BAJAJ AUTO LTD
11.6 HONDA MOTOR COMPANY
11.7 KAWASAKI MOTORS CORP.
11.8 ROYAL DUTCH SHELL PLC.
11.9 EXXON MOBIL CORPORATION
11.10 INDIAN OIL CORPORATION LIMITED
11.11 BHARAT PETROLEUM CORPORATION LTD.
11.12 CHEVRON CORPORATION
11.13 FUCHS GROUP
11.14 TOTAL S.A
11.15 MOTUL
11.16 IDEMITSU KOSAN CO., LTD.
11.17 REPSOL S.A.
12 APPENDIX
12.1 LIST OF ABBREVIATION
12.2 KEY STAKEHOLDER OPINION
12.3 RELATED REPORTS
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