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Two Stroke Engine Oil Market Size, Industry Analysis Report By application (chain saw, brush cutter, leaf blower), By type (semi synthetic engine oil, full synthetic engine oil) & Region – Forecasts

  • PUBLISHED ON
  • 2024-10-03
  • NO OF PAGES
  • 210
  • CATEGORY
  • Automotive & Transportation
Two Stroke Engine Oil- Description
Two-stroke oil is a specific kind of motor oil designed for crankcase compression two-stroke engines, also known as two-cycle oil, two-cycle oil, 2T oil, or 2-stroke oil (typical of small gasoline-powered engines).

Global Two Stroke Engine Oil Market- Overview
The Global Two Stroke Engine Oil Market is expected to grow at a considerable rate by 2030, with a growing CAGR (Compound annual growth rate) of over 2022-2030.
In engines exposed to a range of temperatures and pressures, engine oils are primarily used to lubricate against wear and tear. Automobile, industrial, and heavy machinery are just a few of the industries that employ engine oils. The OICA reports that in the first nine months of 2021 compared to 2020, global automotive manufacturing climbed by 9%.
The market has been propelled during the medium term by an increase in high-performance lubricants consumption around the world in recent years, and this trend is projected to continue.
On the other hand, extended engine oil drain intervals and the possible impact of electric vehicles (EVs), which would have a negative impact on demand for engine oil, are factors restraining the growth of the engine oil industry.

Global Two Stroke Engine Oil Market- Key trends

Increasing demand and use of automobiles will help the market expansion

The market for engine oil is expanding primarily as a result of rising automobile usage and demand as well as rising automotive sales and production. With the support of rising population and rising disposable income, growth is anticipated to be particularly concentrated in emerging and developed economies of Asia-Pacific and Europe. The International Organization of Engine Vehicle Manufacturers (OICA) said that over 97 million automobiles were sold worldwide in 2017. Additionally, there are strict emission standards intended to control the air pollution brought on by carbon emissions from vehicles.

Demand for lower viscosity motor oil will aid the Market growth

The use of lower viscosity engine oils has become more popular in the automotive sector as worldwide fuel economy standards for cars become more stringent. To maximise vehicle performance and switch their factory and service fill requirements to low viscosity grade supplies, the original equipment manufacturers (OEMs) recommended these oils. Additionally, because of their higher permeability, less churning losses, and thinner lubricating layers, lower viscosity fluids may increase the fuel efficiency of the vehicles.

Global Two Stroke Engine Oil Market- Segmental assessment

By applications
• Chain saw
• Brush cutter
• Leaf blower
• Others

By types
• Semi synthetic engine oil
• full synthetic engine oil
• Others

Global Two Stroke Engine Oil Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, North America is projected to capture a substantial revenue share over 2022-2030.

Global Two Stroke Engine Oil Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are Castrol, Valvoline, ABRO, Eurolub, Unil Lubricants, LIQUI MOLY, Aspen, Echo, AMSOIL, Ravensberger Schmierstoffvertrieb, STIHL, Halfords, Maxima, IPONE, Super Sonic Industries, B&Q, American Refining Group, Shell, Mobil, Phillips 66 Lubricants, Powerfit, Zenoah, Chevron USA, Q8Oils(Kuwait Petroleum), Red Line Synthetic Oil, HPCL, Husqvarna, Ultra Lubricants, Kawasaki, India YAMAHA Motor, Wacker Neuson, Millers Oils, CAM2, CONDAT, Quaker State, Ace Hardware, Hi-Tec Oils, Jamec Pem, BG Products, and others.

Report scope
Global Two Stroke Engine Oil Market: Historical Years- 2018-2021
Global Two Stroke Engine Oil Market: Forecast Years- 2022-2030

Key segments covered-
1) By application (chain saw, brush cutter, leaf blower, and others).
2) By type (semi synthetic engine oil, full synthetic engine oil, and others).

Major regions and countries reported-
1) North America (U.S., Canada, and Mexico)
2) South America (Brazil, Argentina, and Colombia)
3) Europe (Germany, U.K., France, Italy, Spain, and Russia)
4) Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
5) Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)

Top players profiled-Castrol, Valvoline, ABRO, Eurolub, Unil Lubricants, LIQUI MOLY, Aspen, Echo, AMSOIL, Ravensberger Schmierstoffvertrieb, STIHL, Halfords, Maxima, IPONE, Super Sonic Industries, B&Q, American Refining Group, Shell, Mobil, Phillips 66 Lubricants, Powerfit, Zenoah, Chevron USA, Q8Oils(Kuwait Petroleum), Red Line Synthetic Oil, HPCL, Husqvarna, Ultra Lubricants, Kawasaki, India YAMAHA Motor, Wacker Neuson, Millers Oils, CAM2, CONDAT, Quaker State, Ace Hardware, Hi-Tec Oils, Jamec Pem, BG Products, and others.

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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