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Global Electric Vehicle Fluid Market by Fluid Type (Drivetrain Fluid, Power Steering Fluid, Brake Fluid, Air Conditioning Coolant/Refrigerants, Grease and Others (Oil Additives, Washer Fluid)), By Vehicle Type (Passenger Vehicle (Hatch Back, Sedan Cars, LUV and SUV), Commercial Vehicle(Light Commercial Vehicle and Heavy Commercial Vehicle), Off-Road Vehicle(Agricultural Vehicle, Construction Vehicle and All-Terrain Vehicle), and Two-Wheeler), By Electric Vehicle Type (BEV, PHEV and HEV), By Price Segment(Economy , Medium and Luxury),By Sales Channel (OEM, and Aftermarket) and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)
Global Electric Vehicle Fluid Market Overview:
The global electric vehicle fluid market is estimated to reach USD 8656 Million in 2030, with a CAGR of 31.2 % during the forecast period of 2022-2030 and it was valued at USD 752 Million in 2022. Electric vehicles require lubricants that can meet the specific requirements of their powertrains. Electric cars are driven by electricity, and their power-generating devices are electric motors and batteries. Therefore, electric cars no longer need to use engine oil, usually known for its maintenance. However, not using oil does not mean that no other lubricating oil is needed. There are many parts of electric vehicles that require lubricating oil. Without the engine, electric vehicles also need to use a gearbox. These require gearbox oil to ensure the service life of the gearbox and also ensure a smoother power output. Additionally, electric vehicles need to use brake fluid like fuel vehicles to ensure the safety of the brakes. Components such as steering wheels and steering gear need lubricants to reduce friction and help these components run more smoothly. These car lubricants used in electric cars must be replaced and maintained regularly, like fuel cars. In addition to lubricating oil, the front wheels, front-wheel bearings, brake pedal linkages, and steering systems of electric vehicles need to use grease, and these greases need to be replenished once a year. These E-Transmission Fluids, E-Thermal Fluids, and E-Greases will make battery Electric Vehicles perform better and more efficiently.Global Electric Vehicle Fluid Market Insights
The rise in demand for electric vehicles globally will fuel the global electric vehicle fluid market in the upcoming years. Additionally, the rise in demand for EV fluids to improve the performance of EVs, regulating EV’s battery temperature and power electronics, will lead to augmenting the global electric vehicle fluid market size in the future. According to the International Organization of Motor Vehicle Manufacturers, Global Motorization accounts only for 14% of the global population and is expected to grow to 23% by 2035. Most of the growth will come from Asia, followed by the Middle East & Africa. Moreover, the regulatory environment and environmental challenges across the world to curb carbon emissions and fuel economy are forcing companies to move towards Electric vehicles and Hybrid vehicles. According to the international council on clean transportation, annual global EV sales surpassed 2 million/year in 2018 (5 million cumulative), and most of the sales are in China, Europe, and the US. Further, growing demand for EV fluids for functionalized coolants in the batteries and the need for shock absorber fluids, and brake fluids to stop, would estimate to influence the global electric vehicle fluid market share in the next few years.Growth Driver
The surge in demand for Electric Vehicle
Driven by the dual pressures of emission regulations and energy consumption, electrification has become a recognized future evolution direction of the global automotive industry. From ternary lithium battery and lithium iron phosphate battery material technology, battles to the technology provider, and vehicle company’s tide control disputes, the entire industry is accelerating in full swing. The World Economic Forum (WEF) predicts that the global car parc could double by 2045, boosted by strong EV sales push initiatives such as Government subsidies of up to 20-25% of the vehicle’s cost in Europe, Japan’s drive to reduce greenhouse gas emissions by 80% by 2050, and improved charging infrastructure. According to the China Automobile Association, China’s sales of new energy vehicles exceeded 1.25 million in 2018, accounted for more than half of the total sales of new energy vehicles in the world. By 2031, the production of electrified vehicles is expected to reach 50% of all vehicles made.Growth demand for EV fluids to improve the performance of EV
With the rise of hybrid and electric vehicles (EVs), OEMs, delivering on consumers’ needs for vehicles that travel farther, drive better, and cost less than their predecessors. These fluids help in lubricate the gearbox and cool the electric motor. On the one hand, electric motors need a fluid that works quickly for proper gear protection, which requires additives to facilitate that process and provide thermal protection for motors while offering superior copper compatibility and electrical characteristics.Fluid Type Segmental Analysis
Based on fluid type, the global Electric Vehicle Fluid market classified into Drivetrain Fluid, Power Steering Fluid, Brake Fluid, Air Conditioning Coolant/Refrigerants, Grease, and Others (Oil Additives, Washer Fluid). The Drivetrain Fluid segment prophesied to gain a significant share in the market by 2030, owing to the growing demand for the drivetrain fluid in EVs for marinating durability of gears and rolling bearings rotating at very high speed. It also shows optimal anti-foaming and air release properties throughout the entire lifetime of the vehicles. The Brake Fluid segment will drive by its application to properly functioning brake system, maximize the brake effectiveness, and ensure that brakes are not eating away precious energy with unwanted rolling resistance.Vehicle Type Segmental Analysis
Based on vehicle type, the global Electric Vehicle Fluid market categorized into Passenger Vehicle (Hatch Back, Sedan Cars, LUV, and SUV), Commercial Vehicle (Light Commercial Vehicle and Heavy Commercial Vehicle), Off-Road Vehicle (Agricultural Vehicle, Construction Vehicle, and All-Terrain Vehicles), and Two-Wheeler. The Passenger Vehicle estimated to dominate the market by 2027 due to the surge in disposable incomes along with favorable government policies and support in terms of subsidies and grants, tax rebates, and other non-financial benefits for buyers of electric vehicles. The Commercial Vehicle segment will influence the growth of e-commerce, logistics, and shared mobility across the globe.Electric Vehicle Type Segmental Analysis
Based on Electric Vehicle Type, the global Electric Vehicle Fluid market is classified into BEV, PHEV, and HEV. The PHEV segment is likely to lead the market because hybrid plug-in vehicles has several benefits compared to conventional internal combustion engine vehicles, such as lower operating and maintenance costs and produce little or no local air pollution. They reduce dependence on petroleum and may severally minimize greenhouse gas emissions, as motors are typically much more efficient than their engine equivalents. BEV segment will boost, on account of, use of electric motors and motor controllers and derive all power from battery packs. These vehicles have no gasoline engine, longer electric driving ranges compared to PHEVs, and never produce tailpipe emissions.Price Segmental Analysis
Based on price, the global Electric Vehicle Fluid market categorized into Economy, Medium, and Luxury. The medium segment is expected to gain maximum revenue by 2030 as it has limited features with less emphasis on features like infotainment, instrument cluster, and other expensive features. The Economy EV market revenue will enhance by the sales of three vehicles in the commercial industry for transportation.Sales Channel Segmental
Analysis Based on Sales Channel, the global Electric Vehicle Fluid market bifurcated into OEM and Aftermarket. Aftermarket segment accounted for a significant share in 2021 and estimated to maintain its market share by 2030, owing to the technology developed to provide oil for the Electric vehicles industry to maintain proper maintenance of their powertrain drive.Region Segmental Analysis
Based on geography, the global Electric Vehicle Fluid market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America estimated to occupy the lion’s market share by 2030, owing to increasing investments in the manufacturing of electric vehicles and with top electric vehicle manufacturers such as Tesla, Ford Motors, and General Motors headquartered in the USA. The major factors that have driven the US market are the rising demand for electric cars, government initiatives, and high disposable income. The Asia Pacific expected to be the fastest-growing region based on expansion of the electric vehicle in the region, especially in Japan China, and South Korea. The growth is supported by government policies and automakers’ efforts to boost EV infrastructure.Competitor Analysis
Companies such as Total S.A., Royal Dutch Shell PLC, Castrol Limited, Valvoline Inc., Exxon Mobil Corporation, PETRONAS, Lubrizol Corporation, 3M, Idemitsu Kosan Co., Ltd, and Norma Group are the key players in the Global Electric Vehicle Fluid Market.New Investment Analysis
- In September 2021, Infineum International Ltd declared the launch of a broad portfolio of dedicated e-mobility fluids, covering all of the major hybrid and full battery electric vehicle models.
- In February 2020, Kluber Lubrication established specialty lubes for EVs.
- In June 2019, Shell launched a new range of fluids specifically designed to work in battery electric vehicles (EVs). These E-Transmission Fluids, E-Thermal Fluids, and E-Greases will make battery EVs perform better and be more efficient. It is part of Shell’s ongoing drive to support electric mobility and offer more and cleaner energy solutions for customers.
- In Sept 2019, Valvoline announced the first of its electric vehicle-specific product and service offerings with the introduction of Valvoline EV Performance Fluids. The global product line, which includes ValvolineTM EV Heat Transfer Fluid, ValvolineTM EV Drive System Fluid, ValvolineTM EV Brake Fluid, and ValvolineTM EV Grease — is designed for the distinct needs of the expanding number of EVs on the road.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global Electric Vehicle Fluid manufacturing firm
- Research organizations and consulting companies
- Organizations, associations, and alliances related to Electric Vehicle Fluid
- Regulatory bodies
- Suppliers
- Retailers
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
| Report Attribute | Details |
|---|---|
| Market Size Value in 2021 | USD 749 Million |
| The revenue forecast in 2028 | USD 7,569 Million |
| Growth Rate | CAGR of 5.6 % from 2022 to 2028. |
| Historical data | 2017 – 2020 |
| Forecast period | 2022 – 2028 |
| Region covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Key companies Profiled | The Companies include Total S.A., Royal Dutch Shell PLC, Castrol Limited, Valvoline Inc., Exxon Mobil Corporation, PETRONAS, Lubrizol Corporation, 3M and Idemitsu Kosan Co., Ltd, are the key players. |
Market Modelling
By Fluid Type- Drivetrain Fluid
- Power Steering Fluid
- Brake Fluid
- Air Conditioning Coolant/Refrigerants
- Grease
- Others (Oil Additives, Washer Fluid.)
- Passenger Vehicle
- Hatch Back
- Sedan Cars
- LUV
- SUV
- Commercial Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Off Road Vehicles
- Agricultural Vehicle
- Construction Vehicle
- All-Terrain Vehicle
- Two-Wheeler
- BEV
- PHEV
- HEV
- Economy
- Medium
- Luxury
- OEM
- Aftermarket
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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Report Content
- Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
- Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
- Executive Summary
- Market Insights
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2022
4.7. Porter’s Five forces analysis
4.8. Price point analysis
4.9. New Investment Analysis
- Global Electric Vehicle Fluid Market, 2017-2030
5.1. Market size & Forecast, 2017-2030
5.1.1. Demand
5.1.1.1. By Value (USD Million)
5.1.2. Consumption
5.1.2.1. By Volume (Liters)
5.2. Market Share & Forecast, 2017-2030
5.2.1. By Fluid Type
5.2.1.1. Drivetrain Fluid
5.2.1.2. Power Steering Fluid
5.2.1.3. Brake Fluid
5.2.1.4. Air Conditioning Coolant/Refrigerants
5.2.1.5. Grease
5.2.1.6. Others (Oil Additives,
Washer Fluid.)
5.2.2. By Vehicle Type
5.2.2.1. Passenger Vehicle
5.2.2.1.1. Hatch Back
5.2.2.1.2. Sedan Cars
5.2.2.1.3. LUV
5.2.2.1.4. SUV
5.2.2.2. Commercial Vehicle
5.2.2.2.1. Light Commercial Vehicle
5.2.2.2.2. Heavy Commercial Vehicle
5.2.2.3. Off Road Vehicle
5.2.2.3.1. Agriculture Vehicle
5.2.2.3.2. Construction Vehicle
5.2.2.3.3. All-Terrain Vehicle
5.2.2.3.4. Two-Wheeler
5.2.3. By Electric Vehicle Type
5.2.3.1. Battery Electric Vehicle Fluid (BEV)
5.2.3.2. Plug-In Hybrid Electric Vehicle Fluid (PHEV)
5.2.3.3. Hybrid Electric Vehicle Fluid (HEV)
5.2.4. By Price Segment
5.2.4.1. Economy
5.2.4.2. Medium
5.2.4.3. Luxury
5.2.5. By Sales Channel
5.2.5.1. OEM
5.2.5.2. Aftermarket
5.2.6. By Region
5.2.6.1. North America
5.2.6.2. Europe
5.2.6.3. Asia Pacific
5.2.6.4. The Middle East & Africa
5.2.6.5. South America
- North America Electric Vehicle Fluid Market, 2017-2030
6.1. North America Electric Vehicle Fluid Market size & Forecast, 2017-2030
6.1.1. Demand
6.1.1.1. By Value (USD Million)
6.2. North America Electric Vehicle Fluid Market Share & Forecast, 2017-2030
6.2.1. By Fluid Type
6.2.1.1. Drivetrain Fluid
6.2.1.2. Power Steering Fluid
6.2.1.3. Brake Fluid
6.2.1.4. Air Conditioning Coolant/Refrigerants
6.2.1.5. Grease
6.2.1.6. Others (Oil Additives,
Washer Fluid.)
6.2.2. By Vehicle Type
6.2.2.1. Passenger Vehicle
6.2.2.1.1. Hatch Back
6.2.2.1.2. Sedan Cars
6.2.2.1.3. LUV
6.2.2.1.4. SUV
6.2.2.2. Commercial Vehicle
6.2.2.2.1. Light Commercial Vehicle
6.2.2.2.2. Heavy Commercial Vehicle
6.2.2.3. Off Road Vehicle
6.2.2.3.1. Agriculture Vehicle
6.2.2.3.2. Construction Vehicle
6.2.2.3.3. All-Terrain Vehicle
6.2.2.3.4. Two-Wheeler
6.2.3. By Electric Vehicle Type
6.2.3.1. Battery Electric Vehicle Fluid (BEV)
6.2.3.2. Plug-In Hybrid Electric Vehicle Fluid (PHEV)
6.2.3.3. Hybrid Electric Vehicle Fluid (HEV)
6.2.4. By Price Segment
6.2.4.1. Economy
6.2.4.2. Medium
6.2.4.3. Luxury
6.2.5. By Sales Channel
6.2.5.1. OEM
6.2.5.2. Aftermarket
6.2.6. By Country
6.2.6.1. US
6.2.6.2. Canada
6.2.6.3. Mexico
6.2.7. Price Point Analysis
6.2.8. Company Market Share (Top 3-5)
6.2.9. Manufacturer & Distributor List (Top 5)
6.2.10. Economic Impact Study on North America Electric Vehicle Fluid Market
- Europe Electric Vehicle Fluid Market, 2017-2030
7.1. Europe Electric Vehicle Fluid Market size & Forecast, 2017-2030
7.1.1. Demand
7.1.1.1. By Value (USD Million)
7.2. Europe Electric Vehicle Fluid Market Share & Forecast, 2017-2030
7.2.1. By Fluid Type
7.2.1.1. Drivetrain Fluid
7.2.1.2. Power Steering Fluid
7.2.1.3. Brake Fluid
7.2.1.4. Air Conditioning Coolant/Refrigerants
7.2.1.5. Grease
7.2.1.6. Others (Oil Additives,
Washer Fluid.)
7.2.2. By Vehicle Type
7.2.2.1. Passenger Vehicle
7.2.2.1.1. Hatch Back
7.2.2.1.2. Sedan Cars
7.2.2.1.3. LUV
7.2.2.1.4. SUV
7.2.2.2. Commercial Vehicle
7.2.2.2.1. Light Commercial Vehicle
7.2.2.2.2. Heavy Commercial Vehicle
7.2.2.3. Off Road Vehicle
7.2.2.3.1. Agriculture Vehicle
7.2.2.3.2. Construction Vehicle
7.2.2.3.3. All-Terrain Vehicle
7.2.2.3.4. Two-Wheeler
7.2.3. By Electric Vehicle Type
7.2.3.1. Battery Electric Vehicle Fluid (BEV)
7.2.3.2. Plug-In Hybrid Electric Vehicle Fluid (PHEV)
7.2.3.3. Hybrid Electric Vehicle Fluid (HEV)
7.2.4. By Price Segment
7.2.4.1. Economy
7.2.4.2. Medium
7.2.4.3. Luxury
7.2.5. By Sales Channel
7.2.5.1. OEM
7.2.5.2. Aftermarket
7.2.6. By Country
7.2.6.1. Germany
7.2.6.2. UK
7.2.6.3. France
7.2.6.4. Italy
7.2.6.5. Rest of Europe
7.2.7. By Price Point Analysis
7.2.8. Company Market Share (Top 3-5)
7.2.9. Manufacturer & Distributor List (Top 5)
7.2.10. Economic Impact Study on Europe Electric Vehicle Fluid Market
- Asia Pacific Electric Vehicle Fluid Market, 2017-2030
8.1. Asia Pacific Electric Vehicle Fluid Market size & Forecast, 2017-2030
8.1.1. Demand
8.1.1.1. By Value (USD Million)
8.2. Asia Pacific Electric Vehicle Fluid Market Share & Forecast, 2017-2030
8.2.1. By Fluid Type
8.2.1.1. Drivetrain Fluid
8.2.1.2. Power Steering Fluid
8.2.1.3. Brake Fluid
8.2.1.4. Air Conditioning Coolant/Refrigerants
8.2.1.5. Grease
8.2.1.6. Others (Oil Additives,
Washer Fluid.)
8.2.2. By Vehicle Type
8.2.2.1. Passenger Vehicle
8.2.2.1.1. Hatch Back
8.2.2.1.2. Sedan Cars
8.2.2.1.3. LUV
8.2.2.1.4. SUV
8.2.2.2. Commercial Vehicle
8.2.2.2.1. Light Commercial Vehicle
8.2.2.2.2. Heavy Commercial Vehicle
8.2.2.3. Off Road Vehicle
8.2.2.3.1. Agriculture Vehicle
8.2.2.3.2. Construction Vehicle
8.2.2.3.3. All-Terrain Vehicle
8.2.2.3.4. Two-Wheeler
8.2.3. By Electric Vehicle Type
8.2.3.1. Battery Electric Vehicle Fluid (BEV)
8.2.3.2. Plug-In Hybrid Electric Vehicle Fluid (PHEV)
8.2.3.3. Hybrid Electric Vehicle Fluid (HEV)
8.2.4. By Price Segment
8.2.4.1. Economy
8.2.4.2. Medium
8.2.4.3. Luxury
8.2.5. By Sales Channel
8.2.5.1. OEM
8.2.5.2. Aftermarket
8.2.6. By Country
8.2.6.1. China
8.2.6.2. India
8.2.6.3. Japan
8.2.6.4. Australia
8.2.6.5. Rest of Asia pacific
8.2.7. By Price Point Analysis
8.2.8. Company Market Share (Top 3-5)
8.2.9. Manufacturer & Distributor List (Top 5)
8.2.10. Economic Impact Study on Asia-Pacific Electric Vehicle Fluid Market
- The Middle East & Africa Electric Vehicle Fluid Market, 2017-2030
9.1. The Middle East & Africa Electric Vehicle Fluid Market size & Forecast, 2017-2030
9.1.1. Demand
9.1.1.1. By Value (USD Million)
9.2. The Middle East & Africa Electric Vehicle Fluid Market Share & Forecast, 2017-2030
9.2.1. By Fluid Type
9.2.1.1. Drivetrain Fluid
9.2.1.2. Power Steering Fluid
9.2.1.3. Brake Fluid
9.2.1.4. Air Conditioning Coolant/Refrigerants
9.2.1.5. Grease
9.2.1.6. Others (Oil Additives,
Washer Fluid.)
9.2.2. By Vehicle Type
9.2.2.1. Passenger Vehicle
9.2.2.1.1. Hatch Back
9.2.2.1.2. Sedan Cars
9.2.2.1.3. LUV
9.2.2.1.4. SUV
9.2.2.2. Commercial Vehicle
9.2.2.2.1. Light Commercial Vehicle
9.2.2.2.2. Heavy Commercial Vehicle
9.2.2.3. Off Road Vehicle
9.2.2.3.1. Agriculture Vehicle
9.2.2.3.2. Construction Vehicle
9.2.2.3.3. All-Terrain Vehicle
9.2.2.3.4. Two-Wheeler
9.2.3. By Electric Vehicle Type
9.2.3.1. Battery Electric Vehicle Fluid (BEV)
9.2.3.2. Plug-In Hybrid Electric Vehicle Fluid (PHEV)
9.2.3.3. Hybrid Electric Vehicle Fluid (HEV)
9.2.4. By Price Segment
9.2.4.1. Economy
9.2.4.2. Medium
9.2.4.3. Luxury
9.2.5. By Sales Channel
9.2.5.1. OEM
9.2.5.2. Aftermarket
9.2.6. By Country
9.2.6.1. Saudi Arabia
9.2.6.2. UAE
9.2.6.3. South Africa
9.2.6.4. Rest of The Middle East & Africa
9.2.7. By Price Point Analysis
9.2.8. Company Market Share (Top 3-5)
9.2.9. Manufacturer & Distributor List (Top 5)
9.2.10. Economic Impact Study on The Middle East & Africa Electric Vehicle Fluid Market
- South America Electric Vehicle Fluid Market, 2017-2030
10.1. South America Electric Vehicle Fluid Market size & Forecast, 2017-2030
10.1.1. By Fluid Type
10.1.1.1. Drivetrain Fluid
10.1.1.2. Power Steering Fluid
10.1.1.3. Brake Fluid
10.1.1.4. Air Conditioning Coolant/Refrigerants
10.1.1.5. Grease
10.1.1.6. Others (Oil Additives,
Washer Fluid.)
10.1.2. By Vehicle Type
10.1.2.1. Passenger Vehicle
10.1.2.1.1. Hatch Back
10.1.2.1.2. Sedan Cars
10.1.2.1.3. LUV
10.1.2.1.4. SUV
10.1.2.2. Commercial Vehicle
10.1.2.2.1. Light Commercial Vehicle
10.1.2.2.2. Heavy Commercial Vehicle
10.1.2.3. Off Road Vehicle
10.1.2.3.1. Agriculture Vehicle
10.1.2.3.2. Construction Vehicle
10.1.2.3.3. All-Terrain Vehicle
10.1.2.3.4. Two-Wheeler
10.1.3. By Electric Vehicle Type
10.1.3.1. Battery Electric Vehicle Fluid (BEV)
10.1.3.2. Plug-In Hybrid Electric Vehicle Fluid (PHEV)
10.1.3.3. Hybrid Electric Vehicle Fluid (HEV)
10.1.4. By Price Segment
10.1.4.1. Economy
10.1.4.2. Medium
10.1.4.3. Luxury
10.1.5. By Sales Channel
10.1.5.1. OEM
10.1.5.2. Aftermarket
10.1.6. By Country
10.1.6.1. Brazil
10.1.6.2. Argentina
10.1.6.3. Rest of South America
10.1.7. By Price Point Analysis
10.1.8. Company Market Share (Top 3-5)
10.1.9. Manufacturer & Distributor List (Top 5)
10.1.10. Economic Impact Study on South America Electric Vehicle Fluid Market
- Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company profile
11.7.1. Total S.A.
11.7.2. Royal Dutch Shell PLC
11.7.3. Castrol Limited
11.7.4. Valvoline Inc.
11.7.5. Exxon Mobil Corporation
11.7.6. PETRONAS
11.7.7. Lubrizol Corporation
11.7.8. 3M
11.7.9. Idemitsu Kosan Co., Ltd
11.7.10. Norma Groupare
11.7.11. Other Prominent Players.
Frequently Asked Questions (FAQ):
Electric vehicles require lubricants that can meet the specific requirements of their powertrains. Electric cars are driven by electricity, and their power-generating devices are electric motors and batteries. Therefore, electric cars no longer need to use engine oil, usually known for maintenance. However, not using oil does not mean that no other lubricating oil is needed.
The global electric vehicle fluid market is estimated to reach USD 8656 Million in 2030, with a CAGR of 31.2 % during the forecast period of 2022-2030 and it was valued at USD 752 Million in 2022.
With the dual pressures of emission regulations and energy consumption, electrification has become a recognized future evolution direction of the global automotive industry.
The Companies include Total S.A., Royal Dutch Shell PLC, Castrol Limited, Valvoline Inc., Exxon Mobil Corporation, PETRONAS, Lubrizol Corporation, 3M and Idemitsu Kosan Co., Ltd, are the key players in the global electric fluid market.
North America is expected to have the largest share in the global electric fluid market.
