Title: Two-wheeler Lubricants Market Analysis Market is Expected to Register Highest CAGR of ~ 4% During the Forecast Period 2019- 2029
1Chemicals and Materials
Report Id REP-GB-10121 Published On
August-2019 Category Chemicals and Materials
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4Two-wheeler Lubricants Market Analysis
- Two-wheeler Lubricants Market Analysis Market
is Projected to Register at a Healthy CAGR of
4 During the Forecast Period 2019- 2029 - VALLEY COTTAGE, New York, Aug. 13,
2019 /PRNewswire/ -- Future Market Insights
(FMI), in its new publication, offers actionable
insights on future prospects of the 'Two-Wheeler
Lubricants Market' for the period between 2019
and 2029. As per the study, the global sales of
two-wheeler lubricants reached 2,300 KT,
equaling revenues worth US 13.7 Bn in 2018. - The emergence of two-wheelers as a primary mode
of transportation in developing countries has
been weighing on the same scale as the rapid
adoption of two-wheeler lubricants. However,
growing prominence of electric vehicles, in the
view of increasing consumer interest towards a
carbon-free future via zero-emission transport,
may pose as a potential threat to the market
growth. - Meeting ever-tightening VOC emission limits while
maintaining the durability of the vehicle
component has been a hard balance to strike for
the two-wheeler lubricants market players. FMI
study finds that manufacturers are heavily
investing in the development of additive
technology that not only ensures the delivery of
required fuel economy but also maintains high
friction, hardware protection, and durability.
5Two-wheeler Lubricants Market Analysis
- Synthetic Oil to Emerge as the Preferred Option
- The study opines that two-wheeler lubricants
market is likely to record a volume CAGR of 4
during the forecast period. While mineral oils
continue to account for relatively high sales,
manufacturers are focusing on increasing the
production of synthetic and semi-synthetic oils
to capitalize on growing demand for premium
synthetic two-wheeler lubricants. Considering the
incorporation of advanced engine technologies in
modern vehicles along with greater consumer
awareness regarding the performance advantages of
synthetic lubricants, manufacturers are
specifically focused on non-mineral oils. - Moreover, a shift towards premiumization of
products for increased warranty and extended oil
drain interval is likely to necessitate the
increased adoption of synthetic content in
two-wheeler lubricants. Further, to address
growing greener fuels and sustainable
requirements, a number of market players are
targeted towards the development of effective
bio-based lubricants. - According to the study, the use of two-wheeler
lubricants in motorcycles, especially mopeds and
standard varieties, has been on a higher side as
compared to scooters. With the emergence of
next-gen motorcycles that facilitate efficient
clutch operation and require multi-functional
lubricants, manufactures are focusing on product
innovations and new developments to deliver
optimal ride experience.
6Two-wheeler Lubricants Market Analysis
- The study finds that aftermarket sales of
two-wheeler lubricants account for relatively
high share than OEM sales, and are expected to
record a volume Y-o-Y growth of 4.3 in 2019 over
2018. The need for regular and periodic servicing
for two-wheelers for their smooth functioning and
durability, even in poor road infrastructure,
will continue to drive the aftermarket sales of
two-wheeler lubricants. - As per the study, developing countries in Asia
Pacific, Latin America, and Africa continue to
offer greater opportunities due to increased
mobility and rising disposable income in these
regions, which are directly correlated to the
successful penetration of two-wheelers.
Although North America and Europe two-wheeler
lubricants markets are not likely to show
dramatic growth in terms of volume, FMI study
finds that penetration of synthetic or premium
lubricants in these regions will be high in the
future. - According to the study, one of the key growth
drivers of the two-wheeler lubricants market is
lack of public transportation in rural areas
which has led to a surge in the adoption of
two-wheelers. Although motorcycle sales have
shown a sharp decline in developed nations over
the years, rising interest in motorcycle riding
for recreational purposes have contributed to the
soaring need for two-wheeler lubricants in these
nations.
7Two-wheeler Lubricants Market Analysis
- The business asset highlights the competitive
landscape in two-wheelers lubricants market by
assessing business development strategies of key
players. The market shows a fair level of
consolidation, with leading stakeholders placing
their strategic focus on product innovations and
firmer geographical footprint. - Press-release Source - https//www.prnewswire.com/
news-releases/two-wheeler-lubricants-market-to-gro
w-at-a-cagr-of-4-by-2029--future-market-insights-3
00900610.html - More Related Press-release -
- Conductive Fibers Market is Projected to Grow at
a CAGR of Approximately 11 Between the Forecast
Period of 2019 and 2029 - Polyurea Coating Sales to Record 9 CAGR Through
2029 - Sodium Caseinate Market is Estimated to Grow at a
CAGR of 6 in the Period 2019 to 2029
8Two-wheeler Lubricants Market Analysis
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