Covid-19 Impact on Automotive Motor Oil Market Pegged for Robust Expansion by 2027

March 14^th,2023/IndustryNewsGlobal/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Automotive Motor Oil Market.

Automotive Motor Oil Market report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The global motor oil market is expected to grow steadily over the forecast period. According to estimates, the American automobile motor oil market dominates the industry. Because of the ongoing system and critical role in this region, the market in America has significant entryways for expansion in the test time span. In light of Europe's developing vehicle region, the public authority agreed to focus on spread abatement and create a sensibility regulation to manage fuel release. Overall, the automotive motor oil market is likely to rebound at a healthy CAGR of 3.8% in the long run.

Segment Analysis

By Type

The market is segmented as conventional, synthetic blend, full synthetic, and high-mileage. The synthetic blend segment is expected to remain the dominant as well as the fastest-growing type in the market during the forecast period. The synthetic blends market had the largest market share in 2021. Semi-synthetic oil refers to a synthetic mixture made up of conventional and synthetic oil. This oil is created to have some of the benefits of synthetic and regular oil while having fewer drawbacks. The synthetic mixture improves performance and protection significantly. 

By Vehicle Type

The automotive motor oil market is segmented as passenger car and heavy-duty commercial vehicle. Passenger car is expected to remain the largest and fastest-growing vehicle type in the market during the forecast period owing to the increasing sales of automotive motor oil. The rising middle and upper middle classes are largely responsible for the increase in passenger car demand. The demand for automotive motor oil is expected to increase with the expansion of the economies of developing nations, the anticipated increase in global purchasing power, and the focus on lowering fuel consumption, vehicular pollution, and overall vehicle maintenance and operating costs.

By Channel Type

The market is segmented as quick lube, independent workshop, maintenance/repair shop, FWS/OEM dealership, service station, and truck stop. The quick lube segment is expected to remain the dominant as well as the fastest-growing sales channel type in the market during the forecast period. The quick lube market segment has the largest market share. Customers can maintain their vehicles at the fast lube service shop quickly, easily, and with the assistance of trusted professionals. The quick lube service centre is primarily concerned with service quality improvement, staff training, and connecting manufacturers, dealers, and repair shops.

Regional Analysis

North America is expected to remain the largest market for automotive motor oil during the forecast period. With an increase in automobile demand, particularly in the US, the market for automotive motor oil is anticipated to expand throughout the Americas. The region has grown significantly, and it is expected that growth will continue over the forecast period. These countries' relative abundance of premium and luxury passenger cars drives the demand for automotive motor oil. Demand for fuel-efficient cars is expected to increase as the number of auto repair shops and service centres increases, and the demand for automotive motor oil is expected to grow as consumer awareness of oil changes rises.

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Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Automotive Motor Oil Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

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Automotive Brake Shoe Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028

March 13, 2023/Industry News Global/ -- This new report from Stratview Research analyses the Automotive Brake Shoe Market over the forecast period from 2023 to 2028. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.

Automotive Brake Shoe Market Overview:

The automotive brake shoe market is expected to grow at a promising CAGR of 7.2% during the forecast period.

Drivers

Most of the companies are deploying various strategies regarding product development & differentiation, pricing, branding, technology, and customized products to gain competitive advantage. 

The following are some of the key players in the market:

• Bosch Auto Parts
• BNA Automotive India Pvt. Ltd.
• ACDelco
• Meritor, Inc.
• Brake Parts Inc.

Automotive brake shoes are a type of brake pad that presses against the inside surface of a drum to stop a wheel's rotation. They are usually made of cast iron and can be organic or ceramic in nature. The friction caused by the brake shoe on the inner surface of the brake converts kinetic energy into heat and causes the drum to stop moving.

Segment Analysis

Vehicle Trends

The market is segmented as passenger cars, light commercial vehicles, and heavy commercial vehicles. Passenger cars are expected to be the largest segment during 2023-2028.

The changing lifestyle and increasing disposable income are one of the major factors driving the sales of passenger cars, which is expected to drive the demand for brake shoes during 2023-2028.

Product Trends

The market is bifurcated into leading/trailing, twin leading, and duo-servo. Twin leading brake shoe systems are likely to remain the most popular segment during the assessment period due to their high efficiency in forward braking and ability to operate without the use of a power brake booster.

All three types of systems use a similar composition, but their functions are different. Leading/trailing brake shoe system, for instance, is very common in the rear wheels of front-wheel drive systems.

Regional Analysis

Asia-Pacific is expected to remain the largest region in the market for automotive brake shoes during 2023-2028. Major global automakers prefer to source parts and components from Asia-Pacific as they are cheaper there than in other regions.

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Carbon Fiber Market Size, Emerging Trends, Forecasts, and Analysis 2022-2028

The report on the Carbon Fiber Market  has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2022-2028. The report also offers insights into different market segments and other factors affecting the market.

Report Forecast:

Carbon Fiber Market is estimated to grow from USD 4.23 billion in 2021 to USD 7.34 billion in 2028 at a CAGR of 8.09% during 2022-2028. Carbon fibers are crystalline filaments of carbon atoms that are thin and strong. These fibers have a diameter of 5 to 10 micrometres and can be used as a strengthening material, particularly in resins and ceramics. Carbon fibers are mostly made of polyacrylonitrile (PAN), but they can also be made of rayon or petroleum pitch. These fibers offer various advantages, such as high stiffness, excellent strength-to-weight ratio, outstanding tensile strength, exceptional chemical resistance, remarkable temperature tolerance, and a low thermal expansion.

Factors such as increasing demand for high performance and lightweight composite materials and growing necessity for enhanced performance in various end-use industries are some of the key factors likely to drive the growth of the market during the forecast period.

COVID-19 IMPACT on the Market-

The COVID-19 pandemic has influenced almost all industries, little or large, dealing in any sector.

The growth curves of the Carbon Fiber market have witnessed an enormous ebb and flow in the year 2022. The market scenario and the pace of growth have taken a huge turn and have prompted numerous adjustments in the cycles. 2021 is probably going to be superior to 2020 for the Carbon Fiber market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.

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The Cornerstones in the market-

Listed below are the top key players that dominate the Carbon Fiber market –

• Hexcel Corporation
• Mitsubishi Rayon Corporation Limited
• Cytec Solvay Group
• SGL Carbon Group
• Teijin Limited
• Formosa Plastics Corporation
• DowAksa
• Hyosung Corporation
• Nippon Graphite Fiber Corporation

Carbon Fiber Market Segmentation:

The report segments based on demographics, geographics, benefits, volume, etc, have different leading factors and identify the most attractive segments and sub-segments. Market segmentation will not only help marketers to be more efficient in terms of time, money, and other resources but also allows companies to learn about their target audience so that they can tailor campaigns that lead to a roadmap to success.

The Carbon Fiber market is segmented into the following categories-

By End-Use Industry Type

The market is segmented as aerospace, industrial, and sporting goods. The industrial end-use industry segment is estimated to hold the major share of the market during 2022-2028. The growing demand for high-performance lightweight materials in the automotive industry, as well as the increasing demand for carbon composites in wind turbines, can be attributed to the segment's growth. In addition, sporting goods are expected to witness significant growth in the market in the coming years.  

By Precursor Type

The market is segmented as PAN-based carbon fiber and pitch-based carbon fiber. PAN-based carbon fiber is likely to be the larger as well as the faster-growing segment of the market during 2022-28.  It has a wide range of applications in transportation, wind energy, and aerospace/defense, which is expected to fuel the segment’s growth in the coming years.

Regional Analysis

Europe is estimated to be the largest as well as the fastest-growing region in the market during 2022-28. Growing product demand from the aerospace, automotive, and wind energy industries is likely to drive the regional market growth over the assessment period.

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• Company Profiling
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• SWOT analysis of key market players (up to 3 players)

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