MarkNtel Advisors recently published a detailed industry analysis of the Global Fluid and Lubricants for Electric Vehicle. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Fluid and Lubricants for Electric Vehicle, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The 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.

Key Findings in Global Fluid and Lubricants for Electric Vehicle:

• Historical Analysis: 2019–2022
• Base Year: 2023
• Forecast Period: 2024–2030

Leading Market Players-

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

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global Fluid and Lubricants for Electric Vehicle industry?

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.

Download now and gain valuable insights to inform your business strategy, drive growth, and stay ahead of the competition - Download Free PDF Sample- https://www.marknteladvisors.com/query/request-sample/global-fluid-and-lubricants-for-electric-vehicle-market.html

What segments define the Global Fluid and Lubricants for Electric Vehicle from 2024 to 2030? How do these segments contribute to market dynamics and growth?

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)

According to report, Among them, the passenger vehicle segment in the electric vehicle (EV) product category commands a significant market share due to its widespread consumer acceptance and the high volume of sales compared to other types such as commercial vehicles and two- or three-wheelers.

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)

According to report, Of them, the BEVs (Battery Electric Vehicles) segment holds a considerable market share due to the continuous rise in their sales and strong support from the companies.

Explore the Complete Global Fluid and Lubricants for Electric Vehicle Analysis Report – https://www.marknteladvisors.com/research-library/global-fluid-and-lubricants-for-electric-vehicle-market.html

Geographical Analysis: Global Fluid and Lubricants for Electric Vehicle

 By Region

• North America
• Europe
• Rest of the World

The Global Fluid and Lubricants for Electric Vehicle Industry Recent Development:

• 2024: Lubrizol announced a new low-SAPS heavy-duty lubricant technology that can be used for multiple viscosity profiles, and provides a higher level of performance.

• 2023: Exxon Mobil Corporation: Announced setting up a lubricant manufacturing unit in India with an annual capacity to produce 1 million barrels of lubricants. This facility would be operational by 2025 and strengthen the presence of the company in India.

• 2023: Valvoline Inc.: Introduced performance fluids to extend the battery life & provide protection to the active components of the EVs.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global Fluid and Lubricants for Electric Vehicle?
• How is the Global Fluid and Lubricants for Electric Vehicle expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/global-fluid-and-lubricants-for-electric-vehicle-market.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, 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 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.

More Research Studies Report:

-Biocomposites Market size was valued at around USD 36.9 billion in 2024 and is projected to reach USD 89 billion by 2030 with a CAGR of around 130.4%.

-Green Solvents Market size was valued at around USD 1.34 billion in 2024 & is projected to reach USD 1.87 billion by 2030 with a CAGR of around 5.7%.

For Media Inquiries, Please Contact:

Email: [email protected]

Trending Blogs : www.marknteladvisors.com/blogs

Export-import Data : https://www.marknteladvisors.com/export-import-data