DUBLIN--(BUSINESS WIRE)--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.
Other Prominent Vendors:
- Gulf Oil
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