Australia Lubricant Market Outlook to 2027
Driven by Growth in demand for Bio-Lubricants and Major Share of Passenger Vehicle Lubricant in the Country
Region:Asia
Author(s):Ananiya Bansal
Product Code:KR1372
August 2023
85
About the Report
Market Overview:
Australia Lubricant Market Analysis
- The Australia lubricant market was significant in terms of value and volume. It experienced steady growth due to increasing industrial activities, the expanding automotive sector, and infrastructure development projects.
- The industrial segment was one of the primary drivers of lubricant demand in Australia. Various industries, including manufacturing, mining, construction, agriculture, and marine, heavily relied on lubricants for the smooth functioning of machinery and equipment.
- The automotive industry, particularly the increasing number of vehicles on the road, was a significant contributor to the lubricant market. The need for automotive lubricants was driven by regular vehicle maintenance and the growth of the vehicle fleet.
- Advancements in lubricant technology, particularly the development of synthetic lubricants with superior properties, impacted the market. These advanced lubricants offered improved performance, efficiency, and extended equipment life.
Key Trends by Market Segment:
By Type of Lubricant: The boosting sales of automobiles in the country have significantly led to the increased consumption of automotive lubricants than industrial lubricants. The increased sales were also supported by the continuous improvement in the refining process of the existing players and the upgradation of refineries by the lubricant’s giants operating in the country.
By Distribution Channel: Most of the lubricants consumed by the industrial sector of the Australia have been supplied by the widespread network of authorized and local distributors across various regions of the Australia. Distributors might be dealing in a particular brand or can have multiple brands of lubricants that are used for industrial purposes. Distributers are in direct contact with the company, thus creating the trust among the customers to buy genuine products from them.
Competitive Landscape:
The competitive landscape of the lubricant market in Australia was dynamic and competitive, with both domestic and international companies operating in the market. The industry attracted various players offering a wide range of lubricant products and services. Please keep in mind that the competitive landscape may have changed since then, so it's crucial to refer to more recent sources for the latest information. In Australia’s Lubricants Market, there many players operating in the overall market, and the top 5 players accounted for more than half share in the market in terms of revenue. The major parameters on which these players complete include product portfolio, distribution network, clientele, partnerships, product pricing, and more.
Recent Developments:
- BP has a number of subsidiaries and retail brands that include Amoco; ARCO; BP Express, BP Connect; BP Travel Centre; AM/PM; Burmah Castrol, etc., which provide the company with a diversified revenue portfolio rather than simply relying on its energy business.
- Australia's expanding industrial sectors, including manufacturing, mining, construction, and agriculture, contributed to the demand for lubricants. Infrastructure development projects also drove the need for lubricants in construction and maintenance activities.
- The automotive sector was a major consumer of lubricants in Australia. The market experienced changes due to the increasing popularity of electric vehicles (EVs) and hybrid vehicles, which could influence the demand for specific types of lubricants tailored for these new vehicle technologies.
- Similar to the global trend, the lubricants market in Australia was witnessing a growing emphasis on environmentally friendly lubricants. This includes a demand for bio-based lubricants and those with lower environmental impact to align with sustainability goals.
Future Outlook:
- Additionally, growth in automotive repair services market across the country coupled with rising adoption of synthetic and semi-synthetic lubricants is further anticipated to fuel growth in Australia automotive lubricants market during the forecast period.
- The automotive industry is shifting towards electric and hybrid vehicles, which have different lubrication needs compared to traditional internal combustion engines. This transition could impact the types and volumes of lubricants required in the market.
- Innovations in lubricant formulations, such as synthetic and high-performance lubricants, could influence market dynamics. These advancements could be driven by the need for greater efficiency, extended equipment lifespan, and reduced maintenance costs.
Scope of the Report
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Australia Lubricant Market Segmentation |
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By Type of Lubricant |
Automobile Industrial |
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By Grade |
Synthetic Semi-Synthetic Mineral |
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Australia Automotive Lubricant Segmentation |
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By Type |
Heavy-Duty Diesel Engine Oil Passenger Vehicle Motor Oil Transmission Fluids Gear Oils Greases Others (Inc. Hydraulics, Coolents etc.) |
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By End Use |
Commercial Vehicles Passenger Cars Motor Cycles Marine Others (Aviation) |
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By Distribution Channel |
Dealer Network OEM Workshops/Service stations/Local Workshops Supermarkets/ Hypermarkets Online |
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Australia Industrial Lubricant Segmentation |
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By Type |
Hydraulic Fluid Gear Oil Grease Metalworking Fluid Others (Turbine Oil, Compressor Oil, Textile Oil etc.) |
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By End Use |
Construction and Mining General Manufacturing (inc. Automotive Manufacturing) Metal Production Power Generation Food Processing Others (Agriculture, Medical etc.) |
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By Distribution Channel |
Dealer Network Direct Sales |
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:
- Infrastructure and Real Estate Companies
- Mining Companies
- Government Entities
- Construction Companies
- Oil and Gas Companies
- Automotive lubricants manufacturers and other stakeholders
- Automotive OEMs
- Potential Market Entrants
- Industry Associations
- Consulting Agencies
- Government Bodies & Regulating Authorities
Time Period Captured in the Report:
- Historical Period: 2017-2022
- Base Year: 2022
- Forecast Period: 2022-2027
Companies
Major Players Mentioned in the Report:
Automotive Lubricant Players
- Castrol
- Shell (Viva Energy)
- Exxon Mobil
- Chevron
- Total Energies
- Penrite
Industrial Lubricant Player
- Shell
- Castrol
- Chevron (Caltex)
- Fuchs
Table of Contents
1. Executive Summary
1.1 Executive Summary for Italy Lubricants Market, 2017-2027
2. Country Overview of Italy
2.1 Country Overview, 2022
2.2 Major Crude Oil Refineries in Italy, 2022
3. Italy Trade and Automotive Industry Analysis
3.1 Italy Trade Analysis
3.2 Italy Automotive Industry, 2022
3.3 Harvey ball analysis of Lubricants companies in Europe
4. Italy Lubricants Market Overview
4.1 Ecosystem of major Entities in Italy Lubricants Market
4.2 Business Cycle and Genesis of Italy Lubricants Market
4.3 Value Chain Analysis for Italy Lubricants Market
5. Italy Lubricants Market sizing and Segmentation
5.1 Market Size of Italy Lubricants by Revenue, 2017-2022
5.2 Market Size of Italy Lubricants by sales volume and average price, 2017-2022
6. Italy Automotive Lubricants Market Segmentation, 2022
6.1 By Type of Automotive Lubricants, 2022
6.2 By End Use of Automotive Lubricants, 2022
6.3 By Distribution Channel of Automotive Lubricants, 2022
7. Italy Industrial Lubricants Market Segmentation, 2022
7.1 By Type of Industrial Lubricants, 2022
7.2 By End Use of Industrial Lubricants, 2022
7.3 By Distribution Channel of Industrial Lubricants, 2022
8. Industry Analysis of Italy Lubricants Market
8.1 SWOT Analysis for Italy Lubricants Market
8.2 Porter’s Five Forces Analysis of Italy Lubricants Market
8.3 Issues and Challenges in Italy Lubricants Market
8.4 Growth Drivers in Italy Lubricants Market
8.5 Italy Lubricants Market Regulations
8.6 Covid 19 Impact on the Industrial Lubricants Market
9. End User Analysis of Industrial Lubricants Market
9.1 Decision Making Parameters of Automotive and Industrial Lubricants End-Users in Italy
9.2 Vendor Evaluation and Selection Process in Italy Lubricants Market
9.3 Factors Affecting Vendor Selection Process
10. Competition Framework of Italy Lubricants Market
10.1 Market Share of Major Manufacturers in Italy Lubricants Market, 2022
10.2 Competitive Landscape using Gartner’s Magic Quadrant Framework
10.3 Strength and Weakness of major players in Italy Lubricants Market
10.4 Cross-Comparison of Major Players Operating in the Italy Lubricants Market Basis Operational Parameters
10.5 Average Pricing by Segments of Major Automotive Lubricant Manufacturers, 2022
11. Competition Framework of Italy Automotive Lubricants Market
11.1 Market Share of Major Manufacturers in Italy Automotive Lubricants Market, 2022
11.2 Eni Product Portfolio in Italy Automotive Lubricants Market
11.3 Shell Product Portfolio in Italy Automotive Lubricants Market
11.4 ExxonMobil Product Portfolio in Italy Automotive Lubricants Market
11.5 Agip and Total Energies Product Portfolio in Italy Automotive Lubricants Market
11.6 Bp Castrol and Esso Product Portfolio in Italy Automotive Lubricants Market
12. Competitive Framework of Italy Industrial Lubricants Market
12.1 Market Share of Major Manufacturers in Italy Industrial Lubricants Market, 2022
12.2 Shell and Eni Product Portfolio in Italy Industrial Lubricants Market
12.3 ExxonMobil Product Portfolio in Italy Industrial Lubricants Market
12.4 Bp Castrol and total Energies Product Portfolio in Italy Industrial Lubricants Market
13. Future Outlook of Italy Lubricants Market, 2022-2027
13.1 Future Market Sizing analysis of Germany Lubricants Market, 2022-2027
13.2 Market Sizing Analysis of Italy on the basis of sales volume and average price, 2022-2027
13.3 Future Italy Lubricants Market Segmentation by Type and Grade, 2027
14. Future Outlook of Italy Automotive Lubricants Market, 2022-2027
14.1 Future Italian Automotive Lubricants Market Segmentation by Type, 2027
14.2 Future Italian Automotive Lubricants Market Segmentation by End use and Distribution Channel, 2027
15. Future Outlook of Italy Industrial Lubricants Market, 2022-2027
15.1 Future Italy Industrial Lubricants Market Segmentation by End use, 2027
15.2 Future Italy Industrial Lubricants Market Segmentation by Type and Distribution Channel, 2027
16. Industry Speaks and Analyst Recommendations
16.1 Industry Speaks
16.2 Marketing and Sales Channel Strategies for Automotive & Industrial Lubricants Providers
16.3 Companies looking to capture value growth can pull several levers
16.4 Introduction of E-Fluid in Italy
17. Research Methodology
17.1 Market Definitions and Assumptions
17.2 Abbreviations used
17.3 Market Sizing Approach
17.4 Consolidated Research Approach
17.5 Sample size limitations and Future Conclusion
17.6 Limitations and Future Conclusion
18. Disclaimer
19. Contact Us
Research Methodology
Step 1: Identifying Key Variables:
Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step 2: Market Building:
Collating statistics on Australia Lubricant Market over the years, penetration of marketplaces and service providers ratio to compute revenue generated for Lubricant services. We will also review service quality statistics to understand revenue generated which can ensure accuracy behind the data points shared.
Step 3: Validating and Finalizing:
Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output:
Our team has approached multiple Automotive and Industrial Lubricant providing channels and understanded nature of product segments and sales, consumer preference and other parameters, which supported us validate statistics derived through bottom to top approach from Automotive and Industrial Lubricant providers.
Frequently Asked Questions
01 How big is the australia lubricant market?
The Australia lubricant market is valued at ~$ 1.4 billion by 2023. It is growing with a CAGR of 6%.
02 What are the key players in Australia Lubricant market ?
The major players in the market are Castrol, Shell (Viva Energy), Exxon Mobil, Chevron and Total Energies.
03 What are the major trends in the Australia Lubricant market?
The major trends in the Australia lubricant market which are Australia's expanding industrial sectors, including manufacturing, mining, construction, and agriculture, contributed to the demand for lubricants. Infrastructure development projects also drove the need for lubricants.
04 What are the major type of Australia lubricants market?
The major segments in Australia lubricants market by types are Automobile and Industrial.
05 What are the major by grade in Australia lubricants?
The major segments in Australia lubricants market by grade are Synthetic, Semi-Synthetic and Mineral.
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