According to TechSci Research report, “Australia Automotive Lubricants Market By
Vehicle Type, By Base Oil, By Lubricant Type, By Demand Category, By Sales
Channel, Competition Forecast & Opportunities, 2023”,
Australia automotive lubricants market is projected to surpass $ 1.4 billion by
2023. Anticipated growth in the market can be attributed to upward trend
of collaborations among original equipment manufacturers (OEMs) and lubricant
manufacturers and suppliers across Australia. Moreover, rising production of
light and heavy duty vehicles along with surging demand for automotive repair
services is further likely to push demand for automotive lubricants across the
country. Strong presence of mining industry in the
country has resulted in high demand for heavy duty vehicles in the country,
which is boosting demand for automotive lubricants.
On the basis of vehicle type, Australia automotive
lubricants market is segmented into passenger car, LCV, M&HCV, two-wheeler,
OTR and tractors. Of all the auto segments, passenger car segment dominated the
market in 2017 and is expected to continue its dominance during forecast period
as well owing to rising demand for private cars across the country. Among
regions, a large demand for automotive lubricants originates from Queensland.
However, Southern Australia
& Northern Territory are likely to witness the fastest growth during the
forecast period on account of rising sales of automobiles in the regions.
“New product
launches by the companies operating in Australia automotive lubricants market
coupled with the rising influx of leading international automotive lubricant
suppliers in the country, is anticipated to positively impact the country’s
automotive lubricants market over the next five years. Moreover, increasing
focus on research and development to develop highly efficient products to
increase drain interval is further likely to boost Australia automotive
lubricants market until 2023.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Australia Automotive Lubricants Market By Vehicle
Type, By Base Oil, By Lubricant Type, By Demand Category, By Sales Channel,
Competition Forecast & Opportunities, 2023” has
evaluated the future growth potential of Australia
automotive lubricants market and provides
statistics and information on market size, structure and future market growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decision. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in Australia
automotive lubricants market.
Download Sample Report For More Info on Australia Automotive Lubricants Market @ https://www.techsciresearch.com/sample-report.aspx?cid=3447
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