Agricultural lubricants Market: Global Industry Analysis and Forecast (2023-2029)

Global Agricultural lubricants Market was valued US$ 3.29 Bn in 2022 and is expected to reach US$ 4.82 Bn by 2029, at a CAGR of 5.6 % during a forecast period. The Agricultural equipment requires dependable, durable lubricants, which work on demanding terrain in changing weather. Investment in the maintenance & lubrication skills are keys to ensure the success of agricultural operations for future generations of farmers.

Agricultural lubricants Market Dynamics:

Lubrication plays a vital role in the proper maintenance of agricultural machinery like tractors and combine harvesters. An increase in labor costs are driving farmers to consolidate assets to save cost and increase their agriculture production. The market growth is expected to grow with rapid traction because of the high populace and requirement to enhance yield to meet the demand for food. Additionally, increase in the purchasing power among people, rapid industrialization and farmers inclination towards used farm equipment, which require agriculture lubricant oil are expected to boost the market growth.Agricultural lubricants MarketTo know about the Research Methodology :- Request Free Sample Report Government Initiative: to improve the condition of the agriculture industries drive the market growth Government initiatives are providing an incentive to the adoption of machineries for farming activities. For instance, in India, the government has introduced the “Macro-Management Scheme of Agriculture” which provides a 25% subsidy on tractors. Similarly, In Canada, government has executed the “Canadian Agricultural Loans Act” (CALA) program, which offers farmers a loan for purchasing land or tractor. An increase in need for operational efficiency are expected to boost the agricultural equipment market. Presence of the smallholder land farmers: Restricting the purchasing power for farm equipment. In the regions, Asia-Pacific, South America, and Africa, there are a large number of smallholder farmers, who have fragmented land holdings. Lack of financial power and purchasing power are expected to limit the market growth. Furthermore, the underdeveloped supply chains to support the servicing and maintenance of tractors for agricultural machinery in the underdeveloped countries and emerging countries are expected to hamper the market growth.

Segment Analysis:

The bio-based lubricants segment is expected to grow at the xx% CAGR during the forecast period. Bio-based lubricants are mass-produced from plant-derived materials like rapeseed, canola, sunflower, soybean, and coconut. An important and beneficial properties of bio-based lubricants are expected to increase its adoption. It offers excellent lubrication, low friction coefficients, low evaporation rate, and high flash point.

Regional Insights:

Asia Pacific region is projected to be leading in the global market. The population growth in the region is increasing equipment demand and this trend is expected to continue during the forecast period. The demand for tractors and other forms of mechanization are boosting the regional market growth. The growth in the farm income, international food commodity prices, support from Government to increase productivity and private investments in Agriculture has brought optimism in the agriculture landscape in Asia are expected to increase farm mechanization and demand for agricultural lubricants in region. In North America, farmers are organizing more sophisticated tractors/machines, which are using AI for decision-making. The demand for agricultural lubricants is significant and advanced user of machinery, which is resulting into demand for replacement parts that are expected to drive the regional market growth. On the other hand, In Europe, the demand for agricultural lubricants is quite different. The region is one of the most advanced markets for agricultural equipment with low available agricultural land. Regional Tractors Sales: The report has covered the tractors volume sales units in 2022 and 2029 by North America, Europe, Asia Pacific, Africa and Latin America. Report covers the all the regional demand and sales of farm mechanism, which will give a clear representation for the demand for agriculture lubricant oil. The objective of the report is to present a comprehensive analysis of the Global market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global market dynamics, structure by analyzing the market segments and projects the Global market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global market make the report investor’s guide.

Agricultural lubricants Market, Key Highlights:

Global Agricultural lubricants Market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Agricultural lubricants Market Global Agricultural lubricants Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. Agricultural lubricants Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. Global Agricultural lubricants Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Agricultural lubricants Market are also profiled.

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Global Agricultural lubricants Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 3.29 Bn.
Forecast Period 2023 to 2029 CAGR: 5.6% Market Size in 2029: US $ 4.82 Bn.
Segments Covered: by Size Mineral Oil Synthetic Bio-based
by Application Engines Gears & Transmission Hydraulics Greasing Implements

Agricultural lubricants Market, by Region

Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Agricultural lubricants Market Key Players

1. Exxon Mobil Corporation 2. Royal Dutch Shell Plc 3. Chevron Corporation 4. Total S.A. 5. Bp P.L.C. 6. Fuchs Petrolub Se 7. Witham Oil & Paint Ltd 8. Rymax Lubricants 9. Repsol S.A. 10. Cougar Lubricants International Ltd 11. Schaeffer Manufacturing Co. 12. Pennine Lubricants Limited 13. Frontier Performance Lubricants, Inc. 14. Unil Lubricants 15. Phillips 66 16. Exol Lubricants Limited 17. SGS 18. Eni S.p.A. 19. LUKOIL 20. Valvoline LLC, 21. CONDAT, 22. Morris Lubricants Frequently Asked Questions: 1. Which region has the largest share in Global Agricultural lubricants Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Agricultural lubricants Market? Ans: The Global Agricultural lubricants Market is growing at a CAGR of 5.6% during forecasting period 2023-2029. 3. What is scope of the Global Agricultural lubricants market report? Ans: Global Agricultural lubricants Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Agricultural lubricants market? Ans: The important key players in the Global Agricultural lubricants Market are – Exxon Mobil Corporation, Royal Dutch Shell Plc, Chevron Corporation, Total S.A., Bp P.L.C., Fuchs Petrolub Se, Witham Oil & Paint Ltd, Rymax Lubricants, Repsol S.A., Cougar Lubricants International Ltd, Schaeffer Manufacturing Co., Pennine Lubricants Limited, Frontier Performance Lubricants, Inc., Unil Lubricants, Phillips 66, and Exol Lubricants Limited 5. What is the study period of this market? Ans: The Global Agricultural lubricants Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Agricultural lubricants Market Size, by Market Value(US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Agricultural lubricants Market 3.4. Geographical Snapshot of the Agricultural lubricants Market, By Manufacturer share 4. Global Agricultural lubricants Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Sizes 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Agricultural lubricants Market 5. Supply Side and Demand Side Indicators 6. Global Agricultural lubricants Market Analysis and Forecast, 2022-2029 6.1. Global Agricultural lubricants Market Size & Y-o-Y Growth Analysis. 7. Global Agricultural lubricants Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 7.1.1. Mineral Oil 7.1.2. Synthetic 7.1.3. Bio-based 7.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 7.2.1. Engines 7.2.2. Gears & Transmission 7.2.3. Hydraulics 7.2.4. Greasing 7.2.5. Implements 8. Global Agricultural lubricants Market Analysis and Forecasts, By Region 8.1. Market Size (Mn) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Agricultural lubricants Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 9.1.1. Mineral Oil 9.1.2. Synthetic 9.1.3. Bio-based 9.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 9.2.1. Engines 9.2.2. Gears & Transmission 9.2.3. Hydraulics 9.2.4. Greasing 9.2.5. Implements 10. North America Agricultural lubricants Market Analysis and Forecasts, By Country 10.1. Market Size (Mn) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Agricultural lubricants Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 11.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 12. Canada Agricultural lubricants Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 12.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 13. Mexico Agricultural lubricants Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 13.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 14. Europe Agricultural lubricants Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 14.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 15. Europe Agricultural lubricants Market Analysis and Forecasts, By Country 15.1. Market Size (Mn) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Agricultural lubricants Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 16.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 17. France Agricultural lubricants Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 17.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 18. Germany Agricultural lubricants Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 18.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 19. Italy Agricultural lubricants Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 19.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 20. Spain Agricultural lubricants Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 20.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 21. Sweden Agricultural lubricants Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 21.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Agricultural lubricants Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 22.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Agricultural lubricants Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 23.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Agricultural lubricants Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 24.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Agricultural lubricants Market Analysis and Forecasts, by Country 25.1. Market Size (Mn) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Agricultural lubricants Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 26.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 27. India Agricultural lubricants Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 27.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 28. Japan Agricultural lubricants Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 28.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 29. South Korea Agricultural lubricants Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 29.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 30. Australia Agricultural lubricants Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 30.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 31. ASEAN Agricultural lubricants Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 31.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Agricultural lubricants Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 32.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Agricultural lubricants Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 33.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Agricultural lubricants Market Analysis and Forecasts, by Country 34.1. Market Size (Mn) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Agricultural lubricants Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 35.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Agricultural lubricants Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 36.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 37. Egypt Agricultural lubricants Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 37.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 38. Nigeria Agricultural lubricants Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 38.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Agricultural lubricants Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 39.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 40. South America Agricultural lubricants Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 40.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 41. South America Agricultural lubricants Market Analysis and Forecasts, by Country 41.1. Market Size (Mn) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Agricultural lubricants Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 42.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 43. Argentina Agricultural lubricants Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 43.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Agricultural lubricants Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Mn) Estimates & Forecast By Size, 2022-2029 44.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Agricultural lubricants Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Size Launches and Size Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile - Key Players 45.3.1. Exxon Mobil Corporation 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Size Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Royal Dutch Shell Plc 45.3.3. Chevron Corporation 45.3.4. Total S.A. 45.3.5. Bp P.L.C. 45.3.6. Fuchs Petrolub Se 45.3.7. Witham Oil & Paint Ltd 45.3.8. Rymax Lubricants 45.3.9. Repsol S.A. 45.3.10. Cougar Lubricants International Ltd 45.3.11. Schaeffer Manufacturing Co. 45.3.12. Pennine Lubricants Limited 45.3.13. Frontier Performance Lubricants, Inc. 45.3.14. Unil Lubricants 45.3.15. Phillips 66 45.3.16. Exol Lubricants Limited 45.3.17. SGS 45.3.19.Eni S.p.A. 45.3.20.LUKOIL 45.3.21.Valvoline LLC, 45.3.22.CONDAT, 45.3.23.Morris Lubricants
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