Passenger Car Motor Oil (PCMO) Market to Accelerate at a CAGR of About 4% during 2020-2024

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201216005613/en/

Technavio has announced its latest market research report titled Passenger Car Motor Oil (PCMO) Market by Application, Viscosity Grade, and Geography – Forecast and Analysis 2020-2024 (Graphic: Business Wire)

Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the passenger car motor oil (PCMO) market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

Frequently Asked Questions:

• Based on segmentation by Application, which is the leading segment in the market?
  
  The passenger cars are the leading end-user segment in the market.
• What are the major trends in the market?
  
  The automotive industry marching toward the adoption of low viscosity grades is the major trend in the market.
• At what rate is the market projected to grow?
  
  The market is projected to grow at a CAGR of about 4% during 2020-2024.
• Who are the top players in the market?
  
  BP Plc, Chevron Corp., China National Petroleum Corp., China Petrochemical Corp., Exxon Mobil Corp., FUCHS PETROLUB SE, Idemitsu Kosan Co. Ltd., Royal Dutch Shell Plc, Total SA, and Valvoline Inc. are the top players in the market.
• What are the key market drivers and challenges?
  
  The market is driven by the rising vehicle population leading to high consumption of PCMO. However, the high investment needed to make changes to additive technology will challenge growth.
• How big is the APAC market?
  
  APAC led the market with a 60% share in 2019.

Related Reports on Consumer Discretionary Include:

Global Motor Racing Telematics Market – The motor racing telematics market is segmented by application (M2M and IoT) and geography (Europe, North America, APAC, South America, and MEA). Click Here to Get an Exclusive Free Sample Report

Global Automotive Coolant Market – The automotive coolant market is segmented by application (passenger cars, M&HCV, and LCV) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BP Plc, Chevron Corp., China National Petroleum Corp., China Petrochemical Corp., Exxon Mobil Corp., FUCHS PETROLUB SE, Idemitsu Kosan Co. Ltd., Royal Dutch Shell Plc, Total SA, and Valvoline Inc. are some of the major market participants. Although the rising vehicle population leading to high consumption of PCMO will offer immense growth opportunities, the high investment needed to make changes to additive technology is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this passenger car motor oil (PCMO) market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Passenger Car Motor Oil (PCMO) Market 2020-2024: Segmentation

Passenger Car Motor Oil (PCMO) Market is segmented as below:

• Application
• Geography
  • APAC
  • Europe
  • North America
  • MEA
  • South America
• Viscosity Grade
  • Multi-grade Engine Oils
  • Mono-grade Engine Oils

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44969

Passenger Car Motor Oil (PCMO) Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The passenger car motor oil (pcmo) market report covers the following areas:

• Passenger Car Motor Oil (PCMO) Market Size
• Passenger Car Motor Oil (PCMO) Market Trends
• Passenger Car Motor Oil (PCMO) Market Industry Analysis

This study identifies the automotive industry marching toward the adoption of low viscosity grades as one of the prime reasons driving the passenger car motor oil (PCMO) market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Passenger Car Motor Oil (PCMO) Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist passenger car motor oil (PCMO) market growth during the next five years
• Estimation of the passenger car motor oil (PCMO) market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the passenger car motor oil (PCMO) market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of passenger car motor oil (PCMO) market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019-2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• Passenger cars – Market size and forecast 2019-2024
• LCVs – Market size and forecast 2019-2024
• Market opportunity by Application

Market Segmentation by Viscosity Grade

• Multi-grade engine oils
• Mono-grade engine oils

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC – Market size and forecast 2019-2024
• Europe – Market size and forecast 2019-2024
• North America – Market size and forecast 2019-2024
• MEA – Market size and forecast 2019-2024
• South America – Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• BP Plc
• Chevron Corp.
• China National Petroleum Corp.
• China Petrochemical Corp.
• Exxon Mobil Corp.
• FUCHS PETROLUB SE
• Idemitsu Kosan Co. Ltd.
• Royal Dutch Shell Plc
• Total SA
• Valvoline Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

   

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201216005613/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: GENERAL AUTOMOTIVE ENERGY AUTOMOTIVE OIL/GAS

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 12/16/2020 11:00 AM/DISC: 12/16/2020 11:01 AM

http://www.businesswire.com/news/home/20201216005613/en