Market Research Reports

The   global market for lubricants for off-road sector   is highly competitive and consolidated in nature with a few players holding a key share of the overall market, states a research report by Transparency Market Research. In 2015, the leading players in the global market, namely ExxonMobil Corporation, Royal Dutch Shell Plc., and BP Global collectively held a share of 31.6% and are likely to continue their dominance over the next few years. These players are making efforts to enhance their presence by focusing on the development of new and innovative products. In addition, the improvement of infrastructural facilities is another major factor estimated to encourage the growth of the global lubricants market for off-road sector in the next few years. Furthermore, the increasing investments by the key players in the global market are likely to accelerate the development of the market in the near future.  According to the research study by Transparency Market Resear...

The top three players in the  global lubricants market for off-road sector  held a share of 31.6% in the overall market in 2015. Royal Dutch Shell Plc., ExxonMobil Corporation, and BP Global have shown incredible dominance in the global market with terrific brand value. These companies are expected to lead the pack in the coming years as they continue to invest in improving their infrastructural facilities and development of newer and better products. According to the research report, the global lubricants market for off-road sector was valued at US$13.0 bn in 2015 and is anticipated to reach US$16.8 bn by the end of 2024. During the forecast period of 2016 and 2024, the global market is anticipated to expand at a CAGR of 2.9%. Asia Pacific to Dominate Global Market as Automotive Sector Shows Steady Progress On the basis of product, the global market is segmented into engine oil, hydraulic fluids, transmission fluids, grease, gear oil, and others. Of these, the eng...