Motorcycle Lubricants Market Top Scenario, SWOT Analysis, Business Overview, Forecast 2028

Future Market Insights (FMI), in its new publication, offers actionable insights on future prospects of the ‘Motorcycle Lubricants Market’ for the period between 2022 and 2028. As per the study, the global sales of two-wheeler lubricants reached ~2,300 KT, equaling revenues worth US$ 16.94 Bn in 2022.

The emergence of two-wheelers as a primary mode of transportation in developing countries has been weighing on the same scale as the rapid adoption of two-wheeler lubricants. However, growing prominence of electric vehicles, in the view of increasing consumer interest towards a carbon-free future via zero-emission transport, may pose as a potential threat to the market growth.

Meeting ever-tightening VOC emission limits while maintaining the durability of the vehicle component has been a hard balance to strike for the two-wheeler lubricants market players. FMI study finds that manufacturers are heavily investing in the development of additive technology that not only ensures the delivery of required fuel economy but also maintains high friction, hardware protection, and durability.

Synthetic Oil to Emerge as the Preferred Option

The study opines that Motorcycle Lubricants market is likely to record a volume CAGR of 4.3% during the forecast period. While mineral oils continue to account for relatively high sales, manufacturers are focusing on increasing the production of synthetic and semi-synthetic oils to capitalize on growing demand for premium synthetic two-wheeler lubricants. Considering the incorporation of advanced engine technologies in modern vehicles along with greater consumer awareness regarding the performance advantages of synthetic lubricants, manufacturers are specifically focused on non-mineral oils.

Moreover, a shift towards premiumization of products for increased warranty and extended oil drain interval is likely to necessitate the increased adoption of synthetic content in Motorcycle Lubricants. Further, to address growing greener fuels and sustainable requirements, a number of market players are targeted towards the development of effective bio-based lubricants.

Competitive Landscape

The global Motorcycle Lubricants market is significantly consolidated in nature. Prominent players in the market are focusing on strategic expansion activities such as development of solid distribution partnerships, joint ventures, and collaborative agreements.

They are also investing in research and development activities (R&D) and new product launches to cater to the booming demand for motorcycle and scooter lubricants. Some of the key players are also aiming for expansion of their product portfolio to increase their revenue.

For instance,

In July 2021, Steelbird announced the launch of a new range of two-wheeler engine oils, grease, and fork oil into several variants for different type of two wheelers. In October 2021, ExxonMobil introduced synthetic engine oils for motorcycle in India. The company also announced the upgradation of its Mobil Super Moto range of motorcycle engine oils, formulated with synthetic base oils. Read Full Report@ https://www.futuremarketinsights.com/reports/two-wheeler-lubricants-market