Analysis of Lubricants in India
TABLE OF CONTENTS
1. Introduction 2. Market Segmentation 3. Supply and demand of lubricants 4. Market players and their market share 5. Product and their market share 6. Price of lubricants 7. Product promotion 8. References
Introduction
High growth in Indian automotive, power and engineering is creating new opportunities for lubricant manufacturer. The report gives an analysis of lubricant markets in India. It also highlights the different market players and their market share. It also covers the market size and structure, major player and market share of their products. The report gives analysis of both automotive as well as industrial lubricant market.
Market Segmentation
The lubricant industry can be broadly classified into two segments 1. Automotive Lubricants. 2. Industrial and Marine & Energy Lubricants Business.
Automotive lubricant dominates the market share 65% of the total lubricant market. The automotive lube market has grown at around 14% from 1993 -1998, with the commercial vehicle segment accounting for about 60% of the total consumption of the automotive lubricants. India per capita consumption of automotive lubricants is low at around 1Kg per annum on account of the low penetration of the automobiles in the country. India has the second largest railway network, sixth largest industry and is the twelfth most industrialized nation in the world. Hence industrial lube account for rest and have grown at 13 %.
Segmentation of automotive as well as industrial lubricant can be done as follows:
Further the Automotive Industry is segmented in two ways 1.) Lube Oil. 2.) Vehicle Type.
Automotive Lubricants
Gas Engine oil
Diesel Engine Oil
Coolant
Grease
Break oil
Engine oil
Gear oil
Petrol Engine oil
Vehicle
4 Wheeler
2/3 Wheeler
MUV/SUV
Tractors
LCV/HCV
Cars
4 Strokes
2 Strokes
With the slower growth rate in the automotive segment, declining margins on account of rising base oil price,
1. Introduction 2. Market Segmentation 3. Supply and demand of lubricants 4. Market players and their market share 5. Product and their market share 6. Price of lubricants 7. Product promotion 8. References
Introduction
High growth in Indian automotive, power and engineering is creating new opportunities for lubricant manufacturer. The report gives an analysis of lubricant markets in India. It also highlights the different market players and their market share. It also covers the market size and structure, major player and market share of their products. The report gives analysis of both automotive as well as industrial lubricant market.
Market Segmentation
The lubricant industry can be broadly classified into two segments 1. Automotive Lubricants. 2. Industrial and Marine & Energy Lubricants Business.
Automotive lubricant dominates the market share 65% of the total lubricant market. The automotive lube market has grown at around 14% from 1993 -1998, with the commercial vehicle segment accounting for about 60% of the total consumption of the automotive lubricants. India per capita consumption of automotive lubricants is low at around 1Kg per annum on account of the low penetration of the automobiles in the country. India has the second largest railway network, sixth largest industry and is the twelfth most industrialized nation in the world. Hence industrial lube account for rest and have grown at 13 %.
Segmentation of automotive as well as industrial lubricant can be done as follows:
Further the Automotive Industry is segmented in two ways 1.) Lube Oil. 2.) Vehicle Type.
Automotive Lubricants
Gas Engine oil
Diesel Engine Oil
Coolant
Grease
Break oil
Engine oil
Gear oil
Petrol Engine oil
Vehicle
4 Wheeler
2/3 Wheeler
MUV/SUV
Tractors
LCV/HCV
Cars
4 Strokes
2 Strokes
With the slower growth rate in the automotive segment, declining margins on account of rising base oil price,
References: 1. Intecos (Industrial Techno Economic Services Pvt. Ltd.) – CEIR 2. http://www.bharatpetroleum.com/business/industrialLubricants_Textile_Machinery.asp?from=bus 3. http://www.iocl.com/Products/LubesGreases.aspx 4. http://www.castrol.com/castrol/sectiongenericarticle.do?categoryId=9028976&contentId=7053905 5. www.bharatbook.com 6. www.constructionupdate.com 7. www.klinegroup.com 8. http://www.indiastat.com/marketforecast/10143/marketforecastofpetroleumproductsinindia20102020/10448/stats.aspx