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The market for agricultural lubricants was valued at USD 2.69 billion in 2022, and it is anticipated to expand to USD 3.99 billion by 2030, at a CAGR of 5.59%.
Because they improve the effectiveness of agricultural equipment, agricultural lubricants are crucial elements of the agricultural industry. Increases in agricultural technology needed to conduct farming operations are linked to growing demand for nutritious foods, which results in market expansion. A growing number of farms, government subsidies for farmers, and increased use of farm equipment are all expected to increase demand for agricultural lubricants in the near future. The market is comprehensively evaluated in the study on the global agricultural lubricants market. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.
Agricultural lubricants are the lubricants used in agricultural machinery and equipment to extend their lifespan. In addition to other machinery, they are utilized in harvesters, tractors, and verge cutters. Additionally, they save money and reduce the need for gasoline. They make sure that it runs properly because it is crucial for maximizing production.
The use of modern agricultural equipment has increased, which is fueling demand for agricultural lubricants and even enabling businesses to go global. Additionally, the global increase in farm mechanization is contributing to the expansion of the agricultural lubricants market. The market for agricultural lubricants worldwide was estimated to be worth USD 3.04 billion in 2021 and is anticipated to grow to USD 4.38 billion by 2029, recording a CAGR of 4.70% over the forecast period of 2022-2029. The research team's thorough expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario are all included in the market study.
Government agencies in several of the nations are putting in place farmer subsidies. With the help of these subsidies, farmers would be able to purchase equipment including harvesters, power sprayers, paddy transplanters, threshers, tractors, and others. As a result, more advanced agricultural machinery is being adopted, increasing the demand for agricultural lubricants. The market is also being driven by the rising adoption of high-performance synthetic lubricants. Additionally, industrial actors are expanding their businesses through a variety of techniques, including joint ventures, acquisitions, company expansion, and others, to penetrate the emerging world. Additionally, the main market for industrial participation is found in countries with established agricultural sectors, such China and India. However, the market for agricultural lubricants is being constrained by the high price of synthetic and bio-based lubricants. Additionally, the demand for agricultural machinery and equipment has fallen as a result of farmers in the Asia-Pacific and LAMEA region spending less money. Thus, there was less of a need for agricultural lubricants. In nations like India, the agricultural industry is dealing with a number of issues, such as decreased agricultural marketing investment, which causes a lack of knowledge about agricultural products like bio-based agricultural lubricants. On the other hand, the growing trend toward bio-based products, particularly in Europe, is anticipated to present profitable potential for market participants.
Due to the adoption of lockdowns in nations that produce raw materials, like China, the recent coronavirus outbreak had a detrimental effect on the market for agricultural lubricants. In the first half of 2020, the COVID-19 pandemic had an influence on the supply chain. Due to the fact that most nations regarded agriculture and activities related to it as essential services, COVID-19 had minimal impact on the market for agricultural lubricants. In the first half of 2020, one of the issues facing market competitors was the purchase of raw materials. The aforementioned determinants will take the market's revenue trajectory into consideration over the projection period. On the plus side, it is anticipated that the market will rebound when individual regulatory bodies start to ease these imposed lockdowns. The operations that have been halted and canceled will continue, and as a result, market growth is anticipated.
In order to identify the potential investment opportunities, this report gives an analytical portrayal of the agricultural lubricants market together with current trends and future projections. Along with a thorough study of the agricultural lubricants market share, the research provides information on key drivers, restraints, and opportunities. The agricultural lubricants market growth scenario is shown through a quantitative analysis of the existing market.
Porter's five forces study demonstrates the market power of both buyers and providers.
The nation portion of the research also lists specific market-impacting elements and modifications to market regulation that have an affect on the market's present and future developments. Data points including technical trends, porter's five forces analysis, case studies, and upstream and downstream value chain analyses are just a few of the indicators utilized to anticipate the market environment for certain nations. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands as well as the difficulties they encounter due to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.
Report Coverage
Global Agricultural Lubricants research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Agricultural Lubricants report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Agricultural Lubricants competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Agricultural Lubricants market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Agricultural Lubricants market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Agricultural Lubricants market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Pennine Lubricants Limited, Frontier Performance Lubricants, Inc., and Unil Lubricants, Cougar Lubricants International Ltd, Repsol SA, Chevron Corporation, Schaeffer Manufacturing Co., Phillips 66, Rymax Lubricants, Royal Dutch Shell, FUCHS PETROLUB SE, Exxon Mobil Corporation, Witham Oil & Paint Ltd, BP plc.,, Total SA, Exol Lubricants Limited.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Agricultural Lubricants market based on the below-mentioned segments:
Global Agricultural Lubricants Market, By Type
Mineral Oil
Synthetic
Bio-based
Global Agricultural Lubricants market, By Application
Gears & Transmission
Hydraulics
Greasing
Implements
Engines
Global Agricultural Lubricants market, Regional Analysis
Because they improve the effectiveness of agricultural equipment, agricultural lubricants are crucial elements of the agricultural industry. Increases in agricultural technology needed to conduct farming operations are linked to growing demand for nutritious foods, which results in market expansion. A growing number of farms, government subsidies for farmers, and increased use of farm equipment are all expected to increase demand for agricultural lubricants in the near future. The market is comprehensively evaluated in the study on the global agricultural lubricants market. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.
Agricultural lubricants are the lubricants used in agricultural machinery and equipment to extend their lifespan. In addition to other machinery, they are utilized in harvesters, tractors, and verge cutters. Additionally, they save money and reduce the need for gasoline. They make sure that it runs properly because it is crucial for maximizing production.
The use of modern agricultural equipment has increased, which is fueling demand for agricultural lubricants and even enabling businesses to go global. Additionally, the global increase in farm mechanization is contributing to the expansion of the agricultural lubricants market. The market for agricultural lubricants worldwide was estimated to be worth USD 3.04 billion in 2021 and is anticipated to grow to USD 4.38 billion by 2029, recording a CAGR of 4.70% over the forecast period of 2022-2029. The research team's thorough expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario are all included in the market study.
Government agencies in several of the nations are putting in place farmer subsidies. With the help of these subsidies, farmers would be able to purchase equipment including harvesters, power sprayers, paddy transplanters, threshers, tractors, and others. As a result, more advanced agricultural machinery is being adopted, increasing the demand for agricultural lubricants. The market is also being driven by the rising adoption of high-performance synthetic lubricants. Additionally, industrial actors are expanding their businesses through a variety of techniques, including joint ventures, acquisitions, company expansion, and others, to penetrate the emerging world. Additionally, the main market for industrial participation is found in countries with established agricultural sectors, such China and India. However, the market for agricultural lubricants is being constrained by the high price of synthetic and bio-based lubricants. Additionally, the demand for agricultural machinery and equipment has fallen as a result of farmers in the Asia-Pacific and LAMEA region spending less money. Thus, there was less of a need for agricultural lubricants. In nations like India, the agricultural industry is dealing with a number of issues, such as decreased agricultural marketing investment, which causes a lack of knowledge about agricultural products like bio-based agricultural lubricants. On the other hand, the growing trend toward bio-based products, particularly in Europe, is anticipated to present profitable potential for market participants.
Due to the adoption of lockdowns in nations that produce raw materials, like China, the recent coronavirus outbreak had a detrimental effect on the market for agricultural lubricants. In the first half of 2020, the COVID-19 pandemic had an influence on the supply chain. Due to the fact that most nations regarded agriculture and activities related to it as essential services, COVID-19 had minimal impact on the market for agricultural lubricants. In the first half of 2020, one of the issues facing market competitors was the purchase of raw materials. The aforementioned determinants will take the market's revenue trajectory into consideration over the projection period. On the plus side, it is anticipated that the market will rebound when individual regulatory bodies start to ease these imposed lockdowns. The operations that have been halted and canceled will continue, and as a result, market growth is anticipated.
In order to identify the potential investment opportunities, this report gives an analytical portrayal of the agricultural lubricants market together with current trends and future projections. Along with a thorough study of the agricultural lubricants market share, the research provides information on key drivers, restraints, and opportunities. The agricultural lubricants market growth scenario is shown through a quantitative analysis of the existing market.
Porter's five forces study demonstrates the market power of both buyers and providers.
The nation portion of the research also lists specific market-impacting elements and modifications to market regulation that have an affect on the market's present and future developments. Data points including technical trends, porter's five forces analysis, case studies, and upstream and downstream value chain analyses are just a few of the indicators utilized to anticipate the market environment for certain nations. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands as well as the difficulties they encounter due to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.
Report Coverage
Global Agricultural Lubricants research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Agricultural Lubricants report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Agricultural Lubricants competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Agricultural Lubricants market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Pennine Lubricants Limited, Frontier Performance Lubricants, Inc., and Unil Lubricants, Cougar Lubricants International Ltd, Repsol SA, Chevron Corporation, Schaeffer Manufacturing Co., Phillips 66, Rymax Lubricants, Royal Dutch Shell, FUCHS PETROLUB SE, Exxon Mobil Corporation, Witham Oil & Paint Ltd, BP plc.,, Total SA, Exol Lubricants Limited. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Agricultural Lubricants Market from 2021 to 2030.
- Market Forecast for Agricultural Lubricants Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Agricultural Lubricants competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Agricultural Lubricants
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Agricultural Lubricants market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Agricultural Lubricants market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Pennine Lubricants Limited, Frontier Performance Lubricants, Inc., and Unil Lubricants, Cougar Lubricants International Ltd, Repsol SA, Chevron Corporation, Schaeffer Manufacturing Co., Phillips 66, Rymax Lubricants, Royal Dutch Shell, FUCHS PETROLUB SE, Exxon Mobil Corporation, Witham Oil & Paint Ltd, BP plc.,, Total SA, Exol Lubricants Limited.
Primary Target Market
- Market Players of Agricultural Lubricants
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Agricultural Lubricants market based on the below-mentioned segments:
Global Agricultural Lubricants Market, By Type
Mineral Oil
Synthetic
Bio-based
Global Agricultural Lubricants market, By Application
Gears & Transmission
Hydraulics
Greasing
Implements
Engines
Global Agricultural Lubricants market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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