Future Market Insights
Global Automotive Lubrication Services Market: Snapshot
Automotive lubrication services incorporates lubrication of every single moving piece of autos by applying oily or slick substance, in order to diminish the grating. Automotive lubrication services comprise of services, for example, oil changes, and preventive support. Some GCC organizations in automotive lubrication services additionally give services, for example, routine upkeep services, for example, modifying tire weight, changing windshield wipers, supplanting lights, fixes, and finishing off liquid dimensions.
Lubrication is significant for cars, without lubrication the car would use more power and car parts may get harmed. Lubrication goes about as a coolant, which is a noise lessening pad, and a sealant between cylinder walls and motor piston rings.
Automotive lubrication services part has developing market in GCC area. Development in population over the previous year has prompted the expansion in the quantity of vehicles out and about which consequently empower the development of automotive lubrication services. Additionally it is discovered that individuals are utilizing their vehicles for longer time and this makes a tremendous fragment of out-of-guarantee vehicles requiring fixes, new parts and lubrication services. Different variables improving the development of lubrication services market in GCC area are hindering, ageing vehicle population, and rising transportation.
The key organizations give different inventive and innovatively superior services, for example, investigation as well as outflows testing, motor testing (change and supplant oil), drivetrain services in which old liquid is expelled and supplanted by new lubricating liquid, cooling framework in which old liquid catalyst is expelled from radiator and supplanted it with new radiator fluid, brake services, lubrication services for all moving piece of an automotive.
Automotive lubrication services includes lubrication of all moving parts of automobiles by applying greasy or oily substance, so as to lessen the friction. Automotive lubrication services consist of services such as oil changes, and preventive maintenance. Some GCC companies in automotive lubrication services also provide services such as routine maintenance services, for instance, adjusting tire pressure, changing windshield wipers, replacing light bulbs, repairs, and topping off fluid levels. The automotive industry is in growth phase and also, GCC automotive aftermarket industry reached to US$ 7.5 billion in 2012. Lubrication is very important for automobiles, without lubrication the automobile would consume more power and automobile parts may get damaged. Lubrication acts as a coolant, a noise-reducing cushion, and a sealant between engine piston rings and cylinder walls.
Automotive lubrication services can be segmented by type and by application. On the basis of type it can be segmented as Boundary lubrication, Hydrostatic lubrication services, Fluid film lubrication services, Hydrodynamic lubrication services, Elastohydrodynamic lubrication services. On the basis of application it can be segmented as lubrication services for heavy vehicles and lubrication services for light vehicles.
Automotive Lubrication services sector has growing market in GCC region. Growth in population over the past year has led to the increase in the number of vehicles on the road which automatically enable the growth of automotive lubrication services. Also it is found that people are generally using their cars for longer time and this creates a vast segment of out-of-warranty vehicles requiring repairs, replacement parts and lubrication services. Other factors enhancing the growth of lubrication services market in GCC region are challenging economy, aging vehicle population, and increasing transportation. Total number of registered cars and pick-ups in the GCC are expected to record single-digit CAGR during the forecast period. Also the no. of busses and trucks was around 1 million 2014.
Some major players in automotive lubrication services in GCC region are Chevron Corporation, Jiffy Lube, ExxonMobil Fuels & Lubricants, Royal Dutch Shell, Petromin, and Alhamrani-Fuchs Petroleum. These companies provide various innovative and technically superior services such as inspection and/or emissions testing, engine service (change and replace oil), drivetrain services in which old fluid is removed and replaced by new lubricating fluid, cooling system in which old antifreeze is removed from radiator and replaced it with new antifreeze, brake services, lubrication services for all moving parts of an automotive.
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