MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Global Fluid and Lubricants for Electric Vehicle Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Global Fluid and Lubricants for Electric Vehicle Market: 2024-2030
The Global Fluid and Lubricants for Electric Vehicle Market size is estimated to grow at a CAGR of around 30.4% during the forecast period, i.e., 2024-30.
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Global Fluid and Lubricants for Electric Vehicle Market Driver:
Expansion of Electric Vehicle Manufacturing Units to Boost Market Growth – Over the past few years, the adoption of electric automobiles increased substantially owing to the growing greenhouse emissions & the incentives provided for the purchase of electric automobiles. As per the statistics by the IEA, global electric car sales in 2023 reached around 14 million, an increase of about 35% compared to 2022. This mounting electric vehicle demand is necessitating the top companies to ramp up their production capabilities and expand their manufacturing units. Thus, generating a demand for the necessary fluids & lubricants directly from the original equipment manufacturers and enlarging the market size.
Further, authorities across the globe are also easing corporate taxes & providing favorable business environments. Owing to this, several market players are actively constructing their EV manufacturing units. In 2023, PMI Electro announced to setting up of a commercial EV manufacturing plant in Maharashtra, India. These rising establishment of EV production units would continue to boost the demand for Fluids, engine oils, and other lubricants, uplifting the market growth in the forthcoming years.
Global Fluid and Lubricants for Electric Vehicle Market Segmentation:
The Global Fluid and Lubricants for Electric Vehicle Market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Product Type
-Engine Oil- Market Size & Forecast 2019-2030F, (Thousand Tons)
-Greases- Market Size & Forecast 2019-2030F, (Thousand Tons)
-Heat Transfer Fluid- Market Size & Forecast 2019-2030F, (Thousand Tons)
-Coolants- Market Size & Forecast 2019-2030F, (Thousand Tons)
-Others (Transmission Fluids, Brake Fluids, etc.) - Market Size & Forecast 2019-2030F, (Thousand Tons)
By Demand Type
-OEM- Market Size & Forecast 2019-2030F, (Thousand Tons)
-Aftermarket- Market Size & Forecast 2019-2030F, (Thousand Tons)
By Vehicle Type
-Passenger Vehicle - Market Size & Forecast 2019-2030F, (Thousand Tons)
-Commercial Vehicle- Market Size & Forecast 2019-2030F, (Thousand Tons)
-Light Commercial Vehicle- Market Size & Forecast 2019-2030F, (Thousand Tons)
-Medium & Heavy Commercial Vehicle- Market Size & Forecast 2019-2030F, (Thousand Tons)
-Others (Two-Wheeler Vehicle, Three-Wheeler Vehicle, etc.)- Market Size & Forecast 2019-2030F, (Thousand Tons)
By Propulsion Type
-Battery Electric Vehicles (BEVs)- Market Size & Forecast 2019-2030F, (Thousand Tons)
-Hybrid Electric Vehicles (HEVs)- Market Size & Forecast 2019-2030F, (Thousand Tons)
-Plug-In Hybrid Electric Vehicles (PHEVs)- Market Size & Forecast 2019-2030F, (Thousand Tons).
Geographical Analysis into the Global Fluid and Lubricants for Electric Vehicle Market:
· North America
· South America
· Europe
· The Middle East & Africa
· Asia-Pacific
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/global-fluid-and-lubricants-for-electric-vehicle-market.html
Competitive Landscape and Global Fluid and Lubricants for Electric Vehicle Market Share Analysis:
The competitive landscape of the Global Fluid and Lubricants for Electric Vehicle Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
3M, Exxon Mobil Corporation, Valvoline Inc., Afton Chemicals, Dober, Infineum International Limited, Klüber Lubrication, M&I Materials Limited, Motul, FUCHS, Engineered Fluids, PolySi Technologies Inc., Lubrizol, Castrol, Panolin International Inc., Petronas, Royal Dutch Shell, Total Lubricants, and others.
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
· What factors are driving the Global Fluid and Lubricants for Electric Vehicle Market growth?
· How is the Global Fluid and Lubricants for Electric Vehicle Market expected to grow over the next five years?
· What are the key insights into the current trends in the Global Fluid and Lubricants for Electric Vehicle Market?
· What is the current size of the Global Fluid and Lubricants for Electric Vehicle Market, and how is it projected to change in the future?
· What is the future outlook for the Global Fluid and Lubricants for Electric Vehicle Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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