Australia Lubricants Market is in the growing stage, the market is majorly consolidated. Domestic and International players coexist in the supply side in the Australia Lubricants Market.
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Key Market Findings:
- Lubricants Industry concentration is at a moderate level, with the four largest companies estimated to account for approximately 40% of industry revenue in 2022-23.
- According to International Organization of Motor Vehicle Manufacturers (OICA), the total vehicle units produced in 2021 has shown a significant rise as compared to 2020.
- Global marine lubricants market will reach $ 10,473.3 million by 2031, growing by 3.5% annually over 2021-2031, driven by the increasing demand for marine lubricants from the shipping industry and its increasing maintenance cost for fuel-saving and cost reduction
Increasing Competition Among Players: There are numerous active players which are recently performing more positively for leading the speedy market growth while developing the infrastructure, increasing the usage of lubricants, advancing the applications of the lubricants, investing the high amount of money and analyzing the competitive strategies of competitors across Australia. The players are adopting the policies and strategies of joint ventures, mergers and acquisitions and partnerships, introducing new technologies of production, advancing the production techniques, introducing the new product at a reasonable price and employing the skilled workers which positively further effected the rate of revenue and profit and lead the market growth more significantly in the coming years.
Changing Prices of the Lubricants: One of the biggest challenges in the market is the changing prices of finished products and raw materials, which in turn impacts the margins earned by the sellers of lubricants in the Australia. Though metal working gives high profit but fluid cater to very niche market. This can pose a threat to the players operating in the space. Petrol prices steadily decrease for a period followed by a sharper increase. This pattern is also known as a petrol price cycle. It is a movement in the retail price from a low point (or trough) to a high point (or peak) to the following low point. Petrol price cycles are the result of pricing policies of petrol retailers and not from changes in the wholesale cost of fuel.
Lubricant Association in Australia: A newly created trade body, the Australian Lubricant Association, plans to set up processes for the verification of labels and standardization of lube products sold in the country, while also providing technical assistance to members and developing training programs. It’s the country’s first industry association primarily devoted to the lubricant industry. The organization models itself on similar institutions around the world, such as the Independent Union of the European Lubricants Industry, the Independent Lubricants Manufacturers Association in the United States, and the Asian Lubricant Manufacturers Union.
Analysts at Ken Research in their latest publication “Australia Lubricants Market Outlook to 2027F” Driven by Growth in Crude Oil Import and Rising Sales of vehicles in the Country” by Ken Research observed the potential of Lubricant Market Outlook in Australia. The rise in industrial sector, along with increase in transportation, industrial and mining services and also increase in heavy duty vehicles, implementation of favorable government rules & regulations is expected to contribute to the market growth over the forecast period. The Australia Lubricant Market is expected to grow at ~% CAGR over the forecasted period 2022-2027F.
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Key Segments Covered in the report
Australia Lubricants Market Segmentations (2022 & 2027)
By Type of Lubricant
- Industrial Lubricant
- Automotive Lubricant
By Grade of Lubricant
- Mineral
- Semi-Synthetic
- Synthetic
Australia Industrial Lubricants Market Segmentations
By Type of Industrial Lubricant (2022 & 2027)
- Process oil
- Hydraulic oil
- Gear oil
- Grease
By Type of end use of industrial lubricant (2022 & 2027)
- General manufacturing
- Metal & mining
- Construction
- Power generation
By Type of distribution channel in industrial lubricant (2022 & 2027)
- Dealers and distributors
- Direct sales
Australia Automotive Lubricants Market Segmentations
By Type of automotive lubricant (2022 & 2027)
- Heavy duty diesel engine oil
- Motorcycle oil
- Passenger vehicle motor oil
- Grease
By Type of end use of automotive lubricant (2022 & 2027)
- Commercial vehicles
- Motor cycle
- Passenger cars
- Marine
- Aviation
By Type of distribution channel in automotive lubricant (2022 & 2027)
- Dealers and distributers network
- OEM workshops and service station
- Online retail
Key Target Audience
- Infrastructure and Real Estate Companies
- Mining Companies
- Government Entities
- Construction Companies
- Oil and Gas Companies
- Automotive lubricants manufacturers and other stakeholders
- Automotive OEMs
Time Period Captured in the Report:
- Historical Period: 2017-2021
- Base Period: 2022
- Forecast Period: 2023-2027F
Companies Covered:
- BP Australia
- ExxonMobil
- Puma
- Caltex
- Viva Energy Holding
- Ampol
- Penrite
- TOTAL Oil Australia Ltd
- Fuchs Lubricants (Australasia) Ltd
- Phoenix Lubricant Ltd
Key Topics Covered in the Report
- Country Overview of Australia
- Australia Trade Analysis
- Lubricants Supply and Demand Statistics
- Harvey Ball Analysis of Preferred Lubricants Companies in ASEAN Countries
- Australia Automotive Industry
- Region wise Cars and motorcycles Registration in Australia
- Cross comparison of Southeast Asian Countries on the basis of Number of Motor Vehicles and Sold by Country
- Ecosystem of major Entities in Australia Lubricants Market
- Business Cycle and Genesis of Australia Lubricants Market
- Timeline of major Players in Australia Lubricants Market
- Value Chain Analysis for Australia Lubricants Market
- Australia Automotive & Industrial Lubricants Market Segmentation
- SWOT Analysis for Australia Lubricants Market
- Porter’s Five Forces Analysis of Australia Lubricants Market
- Growth Enablers in Australia Lubricants Market
- Bottlenecks and Challenges in Australia Lubricants Market
- Trends and Developments in Australia Lubricants Market
- Australia Lubricants Market Regulations
- Tax Rates for Lubricants in Australia
- End User Analysis of Australia Lubricants Market
- Pricing Analysis of Automotive and Industrial Lubricants
- Strengths and Weaknesses of the major Industrial & Automotive Lubricant market Players
- Cross Comparison of Major Players in Australia Lubricants Market
- Covid-19 Impact on Australia Lubricant Market
- Future Outlook and market Size for Australia Lubricant Market
- Future Segmentation for Australia Industrial Lubricant Market
- Future Segmentation for Australia Automotive Lubricant Market
- Market Opportunities and Analyst Recommendations
- Analyst Recommendations
- Research Methodology
For more insights on the market intelligence, refer to the link below: –
Future Outlook of Australia Lubricants Market
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