Two-wheeler Lubricants Market Growing In Volume And Value, Reports Kline
PARSIPPANY, N.J., April 11, 2013 /PRNewswire/ -- With an estimated global population of 490 million units, accounting for a little under 3% of the global lubricant demand, the near 1,080 kilotonnes two-wheeler lubricants market's potential reveals itself as overlooked and underestimated. However, ever greater mobility and disposable income promise significant growth opportunities for this means of transport according to the Lubricants for Motorcycles, Scooters, and Mopeds: Global Market Analysis and Opportunities report by global consulting and research firm Kline & Company.
Most of this growth is expected in developing nations throughout Asia, Latin America, and Africa where poor infrastructure, demographics, and economic realities mandate two-wheelers as indispensable means of transportation. Although sales volumes are forecast to remain flat in North America and Europe, both of these mature markets will see higher premium product demand.
The Asia region encompasses seven of the top 10 two-wheeler markets, with China alone accounting for 41% of global two-wheeler production. However, reflecting both a growing affluence and the result of legislation curbing city use, China's two-wheeler sales are slowing down, contrasting with rising sales in India and Indonesia. Overall, the Asia-Pacific region is the largest motor cycle oil (MCO) market claiming approximately 76% of the global market, followed distantly by South America, Europe, and North America, respectively.
Kline's Energy Practice analyst, Gabriel Tarle, notes, "Despite the trends of extended drain intervals and the continuing sharp decline of the two-stroke vehicle population leading to an uptake in four-stroke vehicles, global MCO consumption is projected to grow at just over 6% per year over the next five years. The strongest growth is expected in Asia and South America where two-wheelers are successfully penetrating rural and semi-urban areas and the usage of two-wheelers as taxis and for goods transportation has increased."Engine oils account for over 95% of the total MCO market, with the balance consisting of products including fork oils, rear suspension oils, greases, and chain oils. Globally, the top 10 suppliers, claiming 48% of the two-wheeler lubricants market, include Castrol, Shell, Idemitsu, Pertamina, Chevron, and Total.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV