PUBLISHER: Persistence Market Research | PRODUCT CODE: 1572945
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1572945
India Two Wheeler Engine Oil Market by Product Type, Application, and End-Use: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031
Persistence Market Research has recently published an in-depth report on the India Two-Wheeler Engine Oil Market, providing a thorough analysis of key market dynamics such as drivers, trends, opportunities, and challenges. This report offers valuable insights into the market structure and includes exclusive data and statistics that outline the expected growth trajectory of the Indian Two-Wheeler Engine Oil Market from 2024 to 2031.
Key Insights:
- Estimated Market Size (2024): US$ 1.15 Bn
- Projected Market Value (2031): US$ 1.49 Bn
- Market Growth Rate (CAGR 2024-2031): 3.8%
Market Overview:
The India Two-Wheeler Engine Oil Market is propelled by the increasing demand for efficient and high-performance engine oils that can enhance the longevity and performance of two-wheeler vehicles. Factors such as rising urbanization, increasing disposable income, and a growing preference for two-wheelers as a primary mode of transportation are significantly contributing to market growth. The shift towards synthetic oils, driven by their superior performance characteristics, is also expected to influence market dynamics positively.
Market Growth Drivers:
Several factors are fueling the growth of the Indian Two-Wheeler Engine Oil Market, including the rising number of two-wheeler sales, advancements in engine technology that require more specialized lubricants, and increased awareness among consumers regarding the importance of quality engine oils. The government's initiatives to promote electric vehicles (EVs) may also impact the market as manufacturers adapt to changing consumer preferences and environmental regulations, leading to the development of new oil formulations that cater to electric and hybrid two-wheelers.
Market Restraints:
Despite the promising outlook, the market faces challenges such as fluctuating raw material prices and the intense competition among manufacturers, which can lead to price wars and reduced profitability. Additionally, a lack of awareness about the benefits of premium engine oils among some consumers may limit market growth. Environmental concerns related to the disposal of used engine oil and stringent regulations regarding emissions and waste management further complicate the market landscape.
Market Opportunities:
The India Two-Wheeler Engine Oil Market presents considerable opportunities, particularly with the ongoing trends toward sustainability and eco-friendly products. There is a growing demand for bio-based engine oils, which could cater to environmentally conscious consumers. Furthermore, the rise of online retail channels for automotive products presents an opportunity for companies to reach a broader audience and enhance their distribution networks.
Key Questions Addressed in the Report:
- What are the primary factors driving growth in the India Two-Wheeler Engine Oil Market?
- Which segments are witnessing the highest demand for engine oils?
- How are innovations in engine oil formulations shaping market competition?
- Who are the key players in the market, and what strategies are they employing to maintain their market presence?
- What future trends and opportunities are anticipated in the Indian Two-Wheeler Engine Oil Market?
Competitive Intelligence and Business Strategy:
Key players in the Indian Two-Wheeler Engine Oil Market, including Indian Oil Corporation Ltd., Bharat Petroleum Corporation Ltd., and Castrol India Ltd., are focusing on innovation and product diversification to secure a competitive edge. These companies are investing in research and development to create high-performance, environmentally friendly engine oils. Strategic partnerships with two-wheeler manufacturers and the implementation of effective marketing strategies further enhance their market presence. Additionally, a strong focus on customer education regarding the benefits of quality engine oils is crucial for driving market growth.
Key Companies Profiled:
- Indian Oil Corporation Ltd. (Servo)
- BPCL (Mak Lubricants)
- HPCL (HP Lubricants)
- Castrol India Ltd
- Veedol International Limited (Tide Water)
- Gulf Oil Lubricants India Ltd.
- Shell India
- Motul
India Two Wheeler Engine Oil Market Segmentation
By Vehicle Type
- Moped
- Regular Bikes (below 250 CC)
- Sports and Cruiser Bikes (250 - 500 CC)
- High Performance and Premium Bikes (500 CC and Above)
By Distribution Channel
- Retail
- Dealership and Franchise
- Branded Workshops
- Factory Filled
By Product Segments
- Mineral
- Synthetic Blend
- Fully Synthetic
By Sales Channel
- B2B
- B2C
By Viscosity Grade
- 10W-30/40
- 20W-40
- 10W-50
- 15W-50
- 20W-50
By Region
- North India
- South India
- East India
- West India
Table of Contents
1. Executive Summary
- 1.1. India Two-wheeler Engine Oil Market Snapshot, 2024-2031
- 1.2. Market Opportunity Assessment, 2024-2031, (US$ Mn)
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Type Lifecycle Analysis
- 2.4. India Two-wheeler Engine Oil Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of OEM as Engine Oil Providers
- 2.4.4. List of Distributors
- 2.4.5. List of End-users
- 2.4.6. Profitability Analysis
- 2.5. Macro-Economic Factors
- 2.5.1. India Sectorial Outlook
- 2.5.2. India GDP Growth Outlook
- 2.5.3. India Two-wheeler Industry Overview
- 2.5.4. Parent Market Overview
- 2.6. Forecast Factors - Relevance and Impact
- 2.7. Covid-19 Impact Assessment
- 2.8. PESTLE Analysis
- 2.9. Porter Five Force's Analysis
- 2.10. Geopolitical Tensions: Market Impact
- 2.11. Regulatory and Technology Landscape
- 2.12. Impact of Electric Vehicles on the Overall Engine Oil Market
- 2.13. Impact of Megatrends
- 2.13.1. Digitisation
- 2.13.1.1. Impact
- 2.13.1.2. Opportunity
- 2.13.2. Sustainability
- 2.13.2.1. Impact
- 2.13.2.2. Opportunity
- 2.13.3. Evolving Competition and Influencer Marketing
- 2.13.3.1. Impact
- 2.13.3.2. Opportunity
- 2.13.1. Digitisation
- 2.14. Overview of Value Added Services for Engine Oil Market Participants
- 2.14.1. Real-time used-oil Analysis
- 2.14.2. Digital Product Catalogue
- 2.14.3. Digital Bike-Servicing Platforms
- 2.14.4. Automated Engine-Oil Replacement Reminders
- 2.14.5. Complementary Products
3. Production Output and Trade Statistics, 2019-2023
- 3.1. Production by Region
- 3.2. Import-Export Analysis
- 3.3. Net Trade Flow
4. Price Trend Analysis, 2019-2031
- 4.1. Key Highlights
- 4.2. Key Factors Impacting Type Prices
- 4.3. Prices By Vehicle Type/Distribution Channel
- 4.4. Regional Prices and Type Preferences
5. India Two-wheeler Engine Oil Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 5.1. Key Highlights
- 5.1.1. Market Volume (Tons) Projections
- 5.1.2. Market Size and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
- 5.2. Market Size (US$ Mn) Analysis and Forecast
- 5.2.1. Historical Market Size Analysis, 2019-2023
- 5.2.2. Current Market Size Forecast, 2024-2031
- 5.3. India Two-wheeler Engine Oil Market Outlook: Type
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Vehicle Type, 2019-2023
- 5.3.3. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Vehicle Type, 2024-2031
- 5.3.3.1. Mineral
- 5.3.3.2. Synthetic Blend
- 5.3.3.3. Fully Synthetic
- 5.4. India Two-wheeler Engine Oil Market Outlook: Type
- 5.4.1. Introduction / Key Findings
- 5.4.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Vehicle Type, 2019-2023
- 5.4.3. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Vehicle Type, 2024-2031
- 5.4.3.1. Moped
- 5.4.3.2. Regular Bikes
- 5.4.3.3. Sports and Cruiser Bikes
- 5.4.3.4. High Performance and Premium Bikes
- 5.5. Market Attractiveness Analysis: Type
- 5.6. India Two-wheeler Engine Oil Market Outlook: Distribution Channel
- 5.6.1. Introduction / Key Findings
- 5.6.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Distribution Channel, 2019-2023
- 5.6.3. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Distribution Channel, 2024-2031
- 5.6.3.1. Retail (Bazaar, Local Garage, etc.)
- 5.6.3.2. Dealership and Franchise
- 5.6.3.3. Branded Workshops
- 5.6.3.4. Factory Filled
- 5.7. Market Attractiveness Analysis: Distribution Channel
- 5.8. India Two-wheeler Engine Oil Market Outlook: Sales Channel
- 5.8.1. Introduction / Key Findings
- 5.8.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Sales Channel, 2019-2023
- 5.8.3. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Sales Channel, 2024-2031
- 5.8.3.1. B2B
- 5.8.3.2. B2C
- 5.9. Market Attractiveness Analysis: Distribution Channel
6. India Two-wheeler Engine Oil Market Outlook: Region
- 6.1. Key Highlights
- 6.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Region, 2019-2023
- 6.3. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Region, 2024-2031
- 6.3.1. North India
- 6.3.2. South India
- 6.3.3. East India
- 6.3.4. West India
- 6.4. Market Attractiveness Analysis: Region
7. North India Two-wheeler Engine Oil Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market, 2019-2023
- 7.3.1. By Product
- 7.3.2. By Vehicle Type
- 7.3.3. By Distribution Channel
- 7.4. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Vehicle Type, 2024-2031
- 7.4.1. Moped
- 7.4.2. Regular Bikes
- 7.4.3. Sports and Cruiser Bikes
- 7.4.4. High Performance and Premium Bikes
- 7.5. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Distribution Channel, 2024-2031
- 7.5.1. Retail (Bazaar, Local Garage, etc.)
- 7.5.2. Dealership and Franchise
- 7.5.3. Branded Workshops
- 7.5.4. Factory Filled
- 7.6. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Sales Channel, 2024-2031
- 7.6.1. B2B
- 7.6.2. B2C
- 7.7. Market Attractiveness Analysis
8. South India Two-wheeler Engine Oil Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market, 2019-2023
- 8.3.1. By Product
- 8.3.2. By Vehicle Type
- 8.3.3. By Distribution Channel
- 8.4. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Vehicle Type, 2024-2031
- 8.4.1. Moped
- 8.4.2. Regular Bikes
- 8.4.3. Sports and Cruiser Bikes
- 8.4.4. High Performance and Premium Bikes
- 8.5. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Distribution Channel, 2024-2031
- 8.5.1. Retail (Bazaar, Local Garage, etc.)
- 8.5.2. Dealership and Franchise
- 8.5.3. Branded Workshops
- 8.5.4. Factory Filled
- 8.6. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Sales Channel, 2024-2031
- 8.6.1. B2B
- 8.6.2. B2C
- 8.7. Market Attractiveness Analysis
9. East India Two-wheeler Engine Oil Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market, 2019-2023
- 9.3.1. By Product
- 9.3.2. By Vehicle Type
- 9.3.3. By Distribution Channel
- 9.4. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Vehicle Type, 2024-2031
- 9.4.1. Moped
- 9.4.2. Regular Bikes
- 9.4.3. Sports and Cruiser Bikes
- 9.4.4. High Performance and Premium Bikes
- 9.5. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Distribution Channel, 2024-2031
- 9.5.1. Retail (Bazaar, Local Garage, etc.)
- 9.5.2. Dealership and Franchise
- 9.5.3. Branded Workshops
- 9.5.4. Factory Filled
- 9.6. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Sales Channel, 2024-2031
- 9.6.1. B2B
- 9.6.2. B2C
- 9.7. Market Attractiveness Analysis
10. West India Two-wheeler Engine Oil Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market, 2019-2023
- 10.3.1. By Product
- 10.3.2. By Vehicle Type
- 10.3.3. By Distribution Channel
- 10.4. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Vehicle Type, 2024-2031
- 10.4.1. Moped
- 10.4.2. Regular Bikes
- 10.4.3. Sports and Cruiser Bikes
- 10.4.4. High Performance and Premium Bikes
- 10.5. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Distribution Channel, 2024-2031
- 10.5.1. Retail (Bazaar, Local Garage, etc.)
- 10.5.2. Dealership and Franchise
- 10.5.3. Branded Workshops
- 10.5.4. Factory Filled
- 10.6. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Sales Channel, 2024-2031
- 10.6.1. B2B
- 10.6.2. B2C
- 10.7. Market Attractiveness Analysis
11. Competition Landscape
- 11.1. Market Share Analysis, 2024
- 11.2. Market Structure
- 11.2.1. Market Bifurcation by Tier of Company
- 11.2.2. Competition Intensity Mapping By Market
- 11.2.3. Competition Dashboard (TVS Vs. Top 5 Market Leaders)
- 11.2.4. OEM as Engine Oil Providers
- 11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Castrol India Ltd.
- 11.3.1.1. Overview
- 11.3.1.2. Segments and Types
- 11.3.1.3. Key Financials
- 11.3.1.4. Market Developments
- 11.3.1.5. Market Strategy
- 11.3.2. Shell India
- 11.3.3. Mobil (ExxonMobil Lubricants Pvt. Ltd.)
- 11.3.4. Indian Oil Corporation Ltd. (Servo)
- 11.3.5. HPCL (HP Lubricants)
- 11.3.6. BPCL (Mak Lubricants)
- 11.3.7. Valvoline Cummins Pvt. Ltd.
- 11.3.8. Gulf Oil Lubricants India Ltd.
- 11.3.9. Amsoil India
- 11.3.10. Veedol International Limited
- 11.3.11. Velvex
- 11.3.12. Motul
- 11.3.13. Other Players
- 11.3.1. Castrol India Ltd.
12. Appendix
- 12.1. Research Methodology
- 12.2. Research Assumptions
- 12.3. Acronyms and Abbreviations
