Global Aftermarket for Engine Oil in Passenger Cars to Grow 3.21% 2016-2020: Driven by Growing Use of Synthetic Oils in APAC - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Aftermarket for Engine Oil in Passenger Cars 2016-2020" report to their offering.

The global aftermarket for engine oil in passenger cars to grow at a CAGR of 3.21% during the period 2016-2020.

Global Aftermarket for Engine Oil in Passenger Cars 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, one of the major drivers for this market is rise in number of parc vehicles. There has been a continuous increase in the number of parc vehicles across all regions. The major factors contributing to the rise of parc vehicles is the continuous rise in the number of new registrations and longer life of cars, pushing the car parc number across the world. As a result, there is less scrappage of cars.

Further, the report states that one of the major factors hindering the growth of this market is increased focus on downsizing of engines. The downsizing of engines is a major challenge for this market as it leads to decrease in the consumption of engine oil, negatively affecting the total revenue earned by the firms operating in this market. OEMs are focusing more to downsize the capacity of the already downsized engines to make it even more powerful and more efficient at the same time.

Key Vendors:

  • Shell
  • ExxonMobil
  • British Petroleum

Other Prominent Vendors:

  • Castrol
  • Gulf Oil
  • Motorcraft
  • Valvoline

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by engine capacity type

Part 07: Geographical segmentation

Part 08: Key leading countries

Part 09: Market drivers

Part 10: Impact of drivers

Part 11: Market challenges

Part 12: Impact of drivers and challenges

Part 13: Market trends

Part 14: Vendor landscape

Part 15: Key vendor analysis

Part 16: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/nm36f8/global

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Oil, Cars, Automotive Aftermarket, Lubricants and Greases

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Oil, Cars, Automotive Aftermarket, Lubricants and Greases