Global Two-wheeler Lubricants Growth Opportunities
Future Growth Potential of Two-wheeler Lubricants due to Increasing Trend in Digitization, VIO Pattern, and Consumer Awareness
03-Feb-2022
North America
Market Research
The global 2W lubricants industry is growing at a steady pace due to rising demand for 2Ws as personal transportation and the emerging trend in leisure motorcycling. This 2W lubricants analysis study covers engine oil, brake fluid, gear oil, chain lube, and coolant, which are considered to be the major types in 2W lubricants. The report covers specific regions and countries in North America, Europe, and Asia. It focuses mainly on ICE 2Ws due to its majority relevance. e2Ws are covered only wherever necessary, based on their dependence and advancements in eFluids technology. Production constraints in 2020 and spike in demand for 2Ws for personal mobility and leisure led to the boost of used 2Ws, especially in advanced economies, increasing the 2W VIO and average age. The 2W market is witnessing the arrival of new riders into motorcycling and return of seasoned riders back to motorcycling, thereby increasing the average annual mileage. Off-highway and dirt motorcycles are becoming key contributors of sales in developed markets. Young riders are the primary targets in these segments. Increasing trend in internet penetration and eCommerce platforms will expand the growth opportunity for lubricant retailers with a wider potential customer base. Influence of online media platforms in promoting DIY and DIFM culture among 2W users will promote lubricant demand in the replacement market across regions. Collaboration to increase distribution network and to expand portfolio in related products and services will become the key focus for lubricant suppliers and retailers. Due to increasing trend in online on-demand services, the online 2W services, such as doorstep maintenance and vehicle care are likely to become key channels for lubricants. Advanced economy with disposable income with major parc of large capacity motorcycles will continue to drive the demand for synthetic lubricants. Advanced road infrastructure and the large parc of powerful 2Ws will drive the demand for synthetic-based lubricants. Asian region is highly fragmented with large number of participants, but the demand for 2Ws and annual miles travelled are increasing YoY. Strict emission standards will create a demand for expensive, low-viscosity engine oil. Consumer preference toward hydraulic braking system for increased safety will also rise. Faster and more capable 2Ws will lead to demand for brake fluid with a higher boiling point. Steady demand for large capacity scooters will drive the demand for gear oil in the long run. Less than 125cc scooters in developing markets in Asia will continue to be the largest consumers of gear oil. Recent trend in off-road and adventure 2W segment sales will drive the demand for chain lube. Chain lubes are gaining rapid sales traction in developing countries due to new motorcycles adopting open chain design, and the challenging surrounding environment.
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of Top Three Strategic Imperatives on Two-wheeler Lubricants
Growth Opportunities Fuel the Growth Pipeline Engine™
2020 in Numbers—Key Highlights
2020 in Trends—Key Highlights
Top 5 Global Economic Highlights of 2021
Top 5 Global Predictions for 2022—Macroeconomic Trends
Global GDP Growth
2022 Scenario Analysis—Quarterly Global Growth
2022 Scenario Analysis—Assumptions
2022 Global GDP Growth Snapshot
Advanced Economies—Predictions for 2022
Emerging Market Economies—Predictions for 2022
Two-wheeler Lubricants, Scope of Analysis
Two-wheeler Lubricants Segmentation
Key Competitors for Two-wheeler Lubricants by Region
Key Competitors for Two-wheeler Lubricants by Product
Global Two Wheeler Historic Sales
Global Two Wheeler Types and Brand Trends
Average Annual Miles Ridden
Global Two Wheeler VIO in Numbers
Global Average Two Wheeler Age
Global Automotive Aftermarket, 2020—eRetailing Overview
Distribution Channels for Two-wheeler Lubricants
Trend 1—Emerging Points of Sale (POS) Platforms
Trend 2—Emerging Opportunities in eMobility
Trend 3—eTailing Penetration in the Aftermarket Lubricants
Trend 4—Service Business Models by Independent Aftermarket (IAM)
Trend 5—2W Lubricant Supplier Collaboration
Key Growth Metrics for Two-wheeler Lubricants
Growth Drivers for Two-wheeler Lubricants
Growth Restraints for Two-wheeler Lubricants
Forecast Assumptions, Two-wheeler Lubricants
Revenue and Unit Sales Forecast, Two-wheeler Lubricants
Revenue Forecast by Product, Two-wheeler Lubricants
Unit Sales Forecast by Product, Two-wheeler Lubricants
Revenue Forecast by Region, Two-wheeler Lubricants
Revenue Forecast Analysis, Two-wheeler Lubricants
Revenue Forecast Analysis by Region, Two-wheeler Lubricants
Revenue Forecast Analysis by Industry Vertical, Two-wheeler Lubricants
Unit Sales Forecast by Region, Two-wheeler Lubricants
Unit Sales Forecast Analysis, Two-wheeler Lubricants
Pricing Trends and Forecast Analysis, Two-wheeler Lubricants
Competitive Environment, Two-wheeler Lubricants
Revenue Share, Two-wheeler Lubricants
Key Growth Metrics for Two Wheeler Engine Oil
Revenue and Unit Sales Forecast, Engine Oil
Revenue Forecast by Region, Engine Oil
Unit Sales Forecast by Region, Engine Oil
Forecast Analysis, Engine Oil
Competitive Environment, Engine Oil
Revenue Share, Engine Oil
Key Growth Metrics for Brake Fluid
Revenue and Unit Sales Forecast, Brake Fluid
Revenue Forecast by Region, Brake Fluid
Unit Sales Forecast by Region, Brake Fluid
Forecast Analysis, Brake Fluid
Competitive Environment, Brake Fluid
Revenue Share, Brake Fluid
Key Growth Metrics for Gear Oil
Revenue and Unit Sales Forecast, Gear Oil
Revenue Forecast by Region, Gear Oil
Unit Sales Forecast by Region, Gear Oil
Forecast Analysis, Gear Oil
Competitive Environment, Gear Oil
Revenue Share, Gear Oil
Key Growth Metrics for Chain Lube
Revenue and Unit Sales Forecast, Chain Lube
Revenue Forecast by Region, Chain Lube
Unit Sales Forecast by Region, Chain Lube
Forecast Analysis, Chain Lube
Competitive Environment, Chain Lube
Revenue Share, Chain Lube
Key Growth Metrics for Two-wheeler Lubricants, North America
Revenue and Unit Sales Forecast for Two-wheeler Lubricants, North America
Revenue Forecast by Product, Two-wheeler Lubricants, North America
Unit Sales Forecast by Product, Two-wheeler Lubricants, North America
Forecast Analysis by Product for Two-wheeler Lubricants, NA
Aftermarket Dashboard, North America
Vehicle in Operation Model Mix, North America
Two-wheeler Lubricants—Engine Oil, North America
Two-wheeler Lubricants—Brake Fluid, North America
Two-wheeler Lubricants—Gear Oil, North America
Two-wheeler Lubricants—Chain Lube, North America
Key Growth Metrics for Two-wheeler Lubricants, Europe
Revenue and Unit Sales Forecast for Two-wheeler Lubricants, Europe
Revenue Forecast by Product, Two-wheeler Lubricants, Europe
Unit Sales Forecast by Product, Two-wheeler Lubricants, Europe
Forecast Analysis by Product for Two-wheeler Lubricants, Europe
Aftermarket Dashboard, Europe
Vehicle in Operation Model Mix, Europe
Two-wheeler Lubricants—Engine Oil, Europe
Two-wheeler Lubricants—Brake Fluid, Europe
Two-wheeler Lubricants—Gear Oil, Europe
Two-wheeler Lubricants—Chain Lube, Europe
Key Growth Metrics for Two-wheeler Lubricants, Asia
Revenue and Unit Sales Forecast for Two-wheeler Lubricants, Asia
Revenue Forecast by Product, Two-wheeler Lubricants, Asia
Unit Sales Forecast by Product, Two-wheeler Lubricants, Asia
Forecast Analysis by Product for Two-wheeler Lubricants, Asia
Aftermarket Dashboard, Asia
Vehicle in Operation Model Mix, Asia
Two-wheeler Lubricants—Engine Oil, Asia
Two-wheeler Lubricants—Brake Fluid, Asia
Two-wheeler Lubricants—Gear Oil, Asia
Two-wheeler Lubricants—Chain Lube, Asia
Castrol, Company Overview
Castrol, Business Strategy
Gulf Oil, Company Overview
Gulf Oil, Business Strategy
LiquiMoly, Company Overview
LiquiMoly, Business Strategy
Growth Opportunity 1—Growing 2W Parc and Increasing Average 2W Age will Enable Opportunities for Replacement Lubricants
Growth Opportunity 1—Growing 2W Parc and Increasing Average 2W Age will Enable Opportunities for Replacement Lubricants (continued)
Growth Opportunity 2—Digitization will Open New Opportunities for 2W Lubricants to Increase Reach in Marketing and Sales
Growth Opportunity 2—Digitization will Open New Opportunities for 2W Lubricants to Increase Reach in Marketing and Sales (continued)
Growth Opportunity 3—Advent of Electric Two Wheelers and Stricter Emission Regulations will Create New Avenues for Lubricant Suppliers
Growth Opportunity 3—Advent of Electric Two Wheelers and Stricter Emission Regulations will Create New Avenues for Lubricant Suppliers (continued)
Your Next Steps
Why Frost, Why Now?
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Deliverable Type | Market Research |
---|---|
Author | Deepan .Chinnaswamy |
GPS Codes | 9800-A6,9801-A6,9AF6-A6 |
Industries | Automotive |
No Index | No |
Is Prebook | No |
Podcast | No |
Predecessor | NA |
WIP Number | PCA5-01-00-00-00 |