Frequently Asked Questions
The global two-wheeler lubricants market was valued at USD 17.1 Billion in 2022.
The two-wheeler lubricants market is anticipated to grow at a CAGR of 3.7% between 2023 and 2030, reaching USD 22.05 Billion in 2030.
Engine oil is the leading segment by product type, holding over 36% share in terms of value in 2022.
The motorcycle segment governs the demand for two-wheeler lubricants globally, holding a massive share of over 68% in 2022.
The hydraulic oil segment will post the highest CAGR during the forecast period.
Asia Pacific is fueling the growth of the two-wheeler lubricants industry, with an over one-third share in 2022.
The top players include Chevron Corporation, Hindustan Petroleum Corporation Limited, and Shell plc. Other major players include BP plc, Exxon Mobil Corporation, and China Petrochemical Corporation.
The increasing global demand for two-wheelers, growing vehicle fleet size, and the necessity for effective lubrication to improve engine performance and prolong engine life are the primary market drivers of the two-wheeler lubricants industry.
The volatility of crude oil prices, rigorous environmental regulations, and the emergence of electric two-wheelers as a viable replacement to traditional fuel-powered vehicles are the primary market limitations of the two-wheeler lubricants sector.
The major market opportunities of the two-wheeler lubricants industry include the growing demand for high-performance lubricants, increasing sales of two-wheelers in emerging markets, and the development of advanced lubricant formulations to meet the evolving needs of modern two-wheeler engines.