The agricultural lubricant market size was valued at USD 5.32 billion in 2024 and is expected to reach USD 7.52 billion by 2032, growing at a CAGR of 4.43% over the forecast period of 2025-2032.
The agricultural lubricants market is going through transformation, and farm machinery lubricants are increasingly complemented by IoT-equipped sensors to monitor the condition of oil at any given time, which encourages a predictive maintenance approach and minimizes machine downtime. Agricultural lubricants manufacturers are enhancing their offerings with high-performance agricultural equipment oils and bio-based products to meet strict environmental regulations from the USDA BioPreferred Program. Adoption of precision agriculture and growing demand for equipment electrification are also driving factors for the market in agricultural lubricants. Meanwhile, some partnerships, such as John Deere testing out sensor-based lubricant monitoring, exemplify new prospects for the U.S. agricultural lubricants market outlook globally.
U.S. sales of Ag tractors were down 11.3% while combine sales decreased 26.4% in 2020 compared with the previous year, the Association of Equipment Manufacturers reported December 31, 2024.
As of June 2021, there were more than 16,000 products featuring the USDA Certified Biobased Product label in the BioPreferred catalog, representing 139 categories of biobased products including applications for the Agricultural Lubricant Market.
Drivers:
Integration of IoT-Based Lubrication Monitoring Systems Enhances Agricultural Equipment Efficiency
IoT smart sensors for lubricants in the farm equipment now give real-time oil-condition monitoring to help limit downtime and extend maintenance cycles for our farmers. According to the USDA in 2024, 70% of major U.S. farms implement autosteering and GPS-based systems. This integration encourages the economic use of oil, a service that is tailored made and it is a part of the agricultural lubricant market expansion. Performance-based agricultural machinery oils are formulated using these tools by the agricultural lubricants industries that improves equipment life and accuracy.
Expansion of Large-Scale U.S. Farms Boosts Agricultural Lubricant Market Growth
The rise of large-scale commercial farming escalates the demand for premium quality lubricants. In 2023, the USDA said more than 50% of row-crop acres in the U.S. were using digital tools, along with an increase in tractor and oil use. This is propelling the agricultural lubricants market size due to the requirement of efficient farm machinery lubricants, and agricultural lubricant and oil for combines, tractors, and sprayers that small and large farms need, promoting innovation among agricultural lubricants companies.
Restraints:
Volatility in Crude and Base Oil Prices Undermines Lubricant Profitability and Impedes Market Growth
The price of mineral oil-based lubricants is linked directly to the fluctuating price of crude oil. In January 2025, according to the Chemanalyst, U.S. base oil prices were flat despite higher crude costs. But any abrupt change would disrupt the Agricultural Lubricant Market Share as it heightens production costs and decreases margins. The smaller companies, in particular the producers of agricultural lubricants, are at risk, and this limits the big companies of the industry from investing in R&D of advanced formulations, leading to agricultural lubricant market growth.
Limited Rural Infrastructure Impedes Distribution of High-Performance Lubricants
The inability to reach out to high-quality farm machinery lubricant limits premium products in rural or developing regions, where a proper distribution channel and proper infrastructure exist. According to the Business Insider reports in May 2025, the disconnect from farmer access to improved products is primarily the result of poor transport and connectivity. This invariably restricts the widespread adoption of synthetic and bio-based oils, especially in hinterland regions, and restrains the agricultural lubricants market trends, obstructing agricultural lubricants market analysis and long-term regional expansion.
By Product Type
Engine Oil dominated the agricultural lubricant market with a 43.2% share. The prominence of Engine Oil also reflects its role with high-horsepower tractors and combines, with high-shear-viscosity (gear) improvers providing excellent protection for heavily loaded engines. The Association of Equipment Manufacturers estimated that for December 2024, more than 68% of new US tractor deliveries called for high-end engine oils and longer service intervals (AEM, Dec 2024). Industry-leading groups like Shell and Exxon Mobil are taking advantage of these trends to launch advanced engine oil formulations that are used to meet stricter EPA emissions requirements and increased equipment hours.
Hydraulic Fluid is anticipated to witness the highest growth with a 5.32% CAGR from 2025 to 2032. Among the hydraulic fluids, synthetic hydraulic oils provide better viscosity stability under different load conditions, which is why they are favored. According to the USDA, in August 2023, 55% of larger U.S. farms used auto-downforce hydraulic systems for their production. FUCHS and TotalEnergies offered formulators in 2024 for low-foaming synthetic hydraulic fluids for precision steering and electro-hydraulic controls.
By Base Oil
In 2024, mineral oil dominated and accounted for a share of about 64.1% in the agricultural lubricant market. In this category, Group II resulted in a perfect balance between cost and performance. As of this year, the American Petroleum Institute estimated that Group I and II mineral oils made up approximately 65% of base-oil volumes. In late 2024, Valvoline and Chevron, as agricultural lubricants companies, provided NTF-2 specification mineral blends to tractor and combine companies with a compatible OEM warranty support mechanism, further boosting the dominance of mineral oil in real-world use.
Synthetic oil is expected to be the fastest-growing segment of base oil during the forecast period, with 5.0% CAGR. This segment gained from better low-temperature fluidity and thermal stability, driven by polyalphaolefin-based formulations. According to the USDA BioPreferred Program, certified synthetic-blend lubricants for farm equipment have increased by 15% compared to June 2021. The launch of PAO-rich oils from TotalEnergies and Phillips 66 in Q1 2024 drives the rapid adoption of synthetic oil across the U.S. tractors and combines, illustrating both performance trends and consumer preferences.
By Farm Equipment
Tractor applications continue to dominate the agricultural lubricant sector, accounting for 55.8% of the total share in 2024. The extensive hours row-crop models log in the fields drove consumption within Tractors. In 2023, average U.S. row-crop tractor service hours of 1,250 were reported by USDA ERS, which was 30% higher than the average service hours of non-row-crop units. Based on these requirements, manufacturers, such as John Deere and AGCO, developed their Farm Machinery Lubricants, promoting high-viscosity engine oils and gear lubricants designed for row-crop work. This row-crop equipment compatibility focus is prominently played through reinforcing the Tractor subsegment dominance and overall tractor segment leadership.
During the forecast period of 2025 to 2032, the combines farm equipment is the fastest growing segment, along with a robust CAGR. In the U.S., deliveries of rotary combines also climbed at a faster pace in December, up 25.3%, as reported by the Association of Equipment Manufacturers. Some companies, including Chevron and FUCHS, developed Agricultural Machinery Oils as multi-functional agricultural lubricants for use in rotary combines, covering transmission, hydraulic, and torque-converter systems. These developments consolidated the self-propelled rotary combines as market leaders and facilitated quick combine segment growth in all key producing regions.
By Sales Channel
Aftermarket held the largest market share of 58.3% in 2024 in the agricultural lubricant market. While in the aftermarkets, it was independent service centers and the farm co-ops who spearheaded distribution by way of localized support. According to the Equipment Dealers Association, 62% of the U.S. farmers bought lubricants through aftermarket channels for grouped-in maintenance packages in Q4 2024. Agricultural lubricants players, such as Schaeffer and Rymax, ensured stronger aftermarket networks by providing on-farm oil analysis and receiving just-in-time delivery, and empowering independent distributors to roll over rural areas, further enhancing equipment’s uptime, lead time, and uptime.
OEM channels is the fastest-growing segment, which is growing at the highest CAGR of 4.89% during the forecast period of 2025 to 2032. Factory fill extended life oil programs in the OEM space are predominantly driven by end-to-end warranty protection. CNH Industrial’s most recent 2024 Sustainability Report highlighted 18% year-on-year growth in deliveries of proprietary OEM lubricants. Deere and CNH introduced factory-fill oil packages with high-technology Agricultural Machinery Oils in new equipment during early 2025. These whole-package solutions also shortened the service cycle by 20%, thus rapidly expanding the OEM channel and greatly improving customer satisfaction.
Asia Pacific dominated and held a major share of the agricultural lubricant market, accounting for approximately 42%, due to the rising mechanization. In India, mechanization is at a rate of 47%, and in China, it is 60% due to the government initiatives, such as India’s SMAM programme and increased farm incomes. The region already accounts for more than 40% of the world’s use of lubricants, driven by top gainers including rice, wheat, and oil seeds. IOC and Sinopec have been producing lubricants in the region to address this requirement locally. Many farmers are employing new multi-service oils for their tractors and combines. Increasing investments in rural infrastructure and growing high-yielding acreage in the APAC could propel the agricultural lubricant market.
The North American region emerged as the fastest-growing region with the highest CAGR of 5.13%. Increased demand is being fueled by a rapid embrace of advanced farm equipment (precision tractors and combines) and strong farm incomes and policies that are favorable to the farm sector. In the North American region, the U.S. led the market with USD 779.41 million and accounted for a market share of 67% in 2024. For instance, the U.S. 4-wheel-drive tractor sales increased by 9.4% in May 2024, and Canadian combine sales soared by 58.4%. Specialized tractor-grade lubricants have been introduced by the major oil companies. Overall, modernization, new investment incentives, and new product introductions point to ongoing strength in North American lubricant demand.
Europe is the second-largest regional market, accounting for 19.6% of the global market. Tractor registrations were only down ~4–5% in Germany and France in 2024, but total equipment stocks are still at very high levels. Restrictive EU regulations (EU Lubricants Ecolabel, for instance) and climate goals are giving an extra boost to biodegradable OME-endorsed oils. The major OEs (AGCO, Claas, CNH, etc.) work with oil manufacturers to innovate complex fuel formulations for Euro VI engines and multi-utility farm equipment. These sustainability criteria and OEM relationships are the foundation for Europe’s solid lubricant demand, even during cyclical farm income pressures.
LAMEA witnessed a rise in the demand for agricultural lubricants due to growing mechanization and crop productivity. Its farms are 75% mechanized, so it will be farming 12mt soybean oil in 2024 and 2025, while Argentina is into huge volume grain farming. This growth is backed by infrastructure improvements, credit programs, and enhanced lubricant capacity by Petrobras and YPF. In the Middle East & Africa, Egypt’s “New Delta” will turn 9,240 km² into agricultural land, while South Africa is renewing its machinery. Governments in the region are focusing on the development of agriculture, which is expected to increase the demand for agricultural lubricants and farm machinery oils throughout LAMEA.
The major competitors in the agricultural lubricant market include Shell plc, Exxon Mobil Corporation, TotalEnergies SE, Chevron Corporation, BP plc (Castrol), Valvoline Inc., FUCHS Petrolub SE, Phillips 66, PETRONAS Lubricants International, and Schaeffer Manufacturing Co.
September 2024: Maxol launched Agri-Max Plus Grease for agriculture and updated packaging for sustainability, aiming to meet high-performance and environmental standards in farming operations.
July 2023: Kramp partnered with Shell Lubricants to distribute agricultural lubricants across the U.K., improving farmers’ access to quality oils and reducing equipment downtime.
February 2023: Neste launched ReNew lubricants using renewable or re-refined base oils to support sustainable farming, targeting reduced emissions and fossil oil dependency.
| Report Attributes | Details |
|---|---|
| Market Size in 2024 | USD 5.32 billion |
| Market Size by 2032 | USD 7.52 billion |
| CAGR | CAGR of 4.43% From 2025 to 2032 |
| Base Year | 2024 |
| Forecast Period | 2025-2032 |
| Historical Data | 2021-2023 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | •By Product Type (Engine Oil, Transmission Oil, Hydraulic Fluid, Grease, Others) •By Base Oil (Mineral Oil, Synthetic Oil, Bio-Based) •By Farm Equipment (Tractors, Combines, Implements) •By Sales Channel (OEMs, Aftermarkets) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, Poland, Turkey, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Shell plc, Exxon Mobil Corporation, TotalEnergies SE, Chevron Corporation, BP plc (Castrol), Valvoline Inc., FUCHS Petrolub SE, Phillips 66, PETRONAS Lubricants International, Schaeffer Manufacturing Co. |
Ans: The Agricultural Lubricant Market is projected to reach USD 7.52 billion by 2032, growing at a CAGR of 4.43% from 2025 to 2032.
Ans: IoT-enabled oil monitoring enhances uptime and maintenance, fueling innovation and efficiency in the Agricultural Lubricant Market.
Ans: Engine oil led the Agricultural Lubricant Market in 2024 with a 43.2% share, driven by thermal stability and extended drain intervals.
Ans: OEM channels are growing rapidly in the Agricultural Lubricant Market due to factory-fill programs and warranty-backed oil packages.
Ans: Key players in the Agricultural Lubricant Market include Shell, Exxon Mobil, Chevron, TotalEnergies, and Valvoline.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Consumption Ratio of Synthetic vs. Mineral Oils
5.2 Seasonal Demand Fluctuation Analysis
5.3 Government Subsidy Impact Metrics
5.4 Price Elasticity Trends Across Regions
6. Competitive Landscape
6.1 List of Major Companies By Region
6.2 Market Share Analysis By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Agricultural Lubricant Market Segmentation by Product Type
7.1 Chapter Overview
7.2 Engine Oil
7.2.1 Engine Oil Market Trends Analysis (2020-2032)
7.2.2 Engine Oil Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Transmission Oil
7.3.1 Transmission Oil Market Trends Analysis (2020-2032)
7.3.2 Transmission Oil Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Hydraulic Fluid
7.4.1 Hydraulic Fluid Market Trends Analysis (2020-2032)
7.4.2 Hydraulic Fluidt Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Grease
7.5.1 Grease Market Trends Analysis (2020-2032)
7.5.2 Grease Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Others
7.6.1 Others Market Trends Analysis (2020-2032)
7.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Agricultural Lubricant Market Segmentation By Base Oil
8.1 Chapter Overview
8.2 Mineral Oil
8.2.1 Mineral Oil Market Trends Analysis (2020-2032)
8.2.2 Mineral Oil Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Synthetic Oil
8.3.1 Synthetic Oil Market Trends Analysis (2020-2032)
8.3.2 Synthetic Oil Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Bio-Based
8.4.1 Bio-Based Market Trends Analysis (2020-2032)
8.4.2 Bio-Based Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Others
8.5.1 Others Market Trends Analysis (2020-2032)
8.5.2 Others Market Size Estimates and Forecasts To 2032 (USD Billion)
9. Agricultural Lubricant Market Segmentation by Farm Equipment
9.1 Chapter Overview
9.2 Tractors
9.2.1 Tractors Market Trends Analysis (2020-2032)
9.2.2 Tractors Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Combines
9.3.1 Combines Market Trends Analysis (2020-2032)
9.3.2 Combines Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Implements
9.4.1 Implements Market Trends Analysis (2020-2032)
9.4.2 Implements Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Agricultural Lubricant Market Segmentation by Sales Channel
10.1 Chapter Overview
10.2 OEMs
10.2.1 OEMs Market Trends Analysis (2020-2032)
10.2.2 OEMs Market Size Estimates and Forecasts to 2032 (USD Billion)
10.3 Aftermarkets
10.3.1 Aftermarkets Market Trend Analysis (2020-2032)
10.3.2 Aftermarkets Market Size Estimates and Forecasts to 2032 (USD Billion)
11. Regional Analysis
11.1 Chapter Overview
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America Agricultural Lubricant Market Estimates and Forecasts by Country (2020-2032) (USD Billion)
11.2.3 North America Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.2.4 North America Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.2.5 North America Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.2.6 North America Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.2.7 USA
11.2.7.1 USA Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.2.7.2 USA Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.2.7.3 USA Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.2.7.4 USA Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.2.8 Canada
11.2.8.1 Canada Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.2.8.2 Canada Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.2.8.3 Canada Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.2.8.4 Canada Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.2.9 Mexico
11.2.9.1 Mexico Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.2.9.2 Mexico Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.2.9.3 Mexico Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.2.9.4 Mexico Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Europe Agricultural Lubricant Market Estimates and Forecasts by Country (2020-2032) (USD Billion)
11.3.3 Europe Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.3.4 Europe Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.3.5 Europe Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.3.6 Europe Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.3.7 Germany
11.3.7.1 Germany Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.3.7.2 Germany Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.3.7.3 Germany Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.3.7.4 Germany Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.3.8 France
11.3.8.1 France Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.3.8.2 France Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.3.8.3 France Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.3.8.4 France Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.3.9 UK
11.3.9.1 UK Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.3.9.2 UK Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.3.9.3 UK Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.3.9.4 UK Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.3.10 Italy
11.3.10.1 ItalyAgricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.3.10.2 Italy Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.3.10.3 Italy Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.3.10.4 Italy Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.3.11 Spain
11.3.11.1 Spain Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.3.11.2 Spain Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.3.11.3 Spain Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.3.11.4 Spain Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.3.12 Poland
11.3.12.1 Poland Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.3.12.2 Poland Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.3.12.3 Poland Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.3.12.4 Poland Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.3.13 Turkey
11.3.13.1 Turkey Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.3.13.2 Turkey Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.3.13.3 Turkey Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.3.13.4 Turkey Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.3.14 Rest of Europe
11.3.14.1 Rest of Europe Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.3.14.2 Rest of Europe Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.3.14.3 Rest of Europe Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.3.14.4 Rest of Europe Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.4 Asia Pacific
11.4.1 Trend Analysis
11.4.2 Asia Pacific Agricultural Lubricant Market Estimates and Forecasts by Country (2020-2032) (USD Billion)
11.4.3 Asia Pacific Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.4.4 Asia Pacific Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.4.5 Asia Pacific Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.4.6 Asia Pacific Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.4.7 China
11.4.7.1 China Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.4.7.2 China Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.4.7.3 China Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.4.7.4 China Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.4.8 India
11.4.8.1 India Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.4.8.2 India Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.4.8.3 India Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.4.8.4 India Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.4.9 Japan
11.4.9.1 Japan Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.4.9.2 Japan Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.4.9.3 Japan Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.4.9.4 Japan Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.4.10 South Korea
11.4.10.1 South Korea Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.4.10.2 South Korea Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.4.10.3 South Korea Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.4.10.4 South Korea Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.4.11 Singapore
11.4.11.1 Singapore Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.4.11.2 Singapore Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.4.11.3 Singapore Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.4.11.4 Singapore Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.4.12 Australia
11.4.12.1 Australia Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.4.12.2 Australia Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.4.12.3 Australia Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.4.12.4 Australia Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.4.13 Rest of Asia Pacific
11.4.13.1 Rest of Asia Pacific Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.4.13.2 Rest of Asia Pacific Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.4.13.3 Rest of Asia Pacific Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.4.13.4 Rest of Asia Pacific Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.5 Middle East and Africa
11.5.1 Trend Analysis
11.5.2 Middle East and Africa Agricultural Lubricant Market Estimates and Forecasts by Country (2020-2032) (USD Billion)
11.5.3 Middle East and Africa Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.5.4 Middle East and Africa Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.5.5 Middle East and Africa Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.5.6 Middle East and Africa Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.5.7 UAE
11.5.7.1 UAE Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.5.7.2 UAE Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.5.7.3 UAE Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.5.7.4 UAE Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.5.8 Saudi Arabia
11.5.8.1 Saudi Arabia Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.5.8.2 Saudi Arabia Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.5.8.3 Saudi Arabia Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.5.8.4 Saudi Arabia Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.5.1.9 Qatar
11.5.9.1 Qatar Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.5.9.2 Qatar Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.5.9.3 Qatar Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.5.1.9.4 Qatar Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.5.10 South Africa
11.5.10.1 South Africa Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.5.10.2 South Africa Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.5.10.3 South Africa Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.5.10.4 South Africa Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.5.11 Rest of Middle East & Africa
11.5.11.1 Rest of Middle East & Africa Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.5.11.2 Rest of Middle East & Africa Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.5.11.3 Rest of Middle East & Africa Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.5.11.4 Rest of Middle East & Africa Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America Agricultural Lubricant Market Estimates and Forecasts by Country (2020-2032) (USD Billion)
11.6.3 Latin America Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.6.4 Latin America Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.6.5 Latin America Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.6.6 Latin America Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.6.7 Brazil
11.6.7.1 Brazil Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.6.7.2 Brazil Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.6.7.3 Brazil Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.6.7.4 Brazil Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.6.8 Argentina
11.6.8.1 Argentina Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.6.8.2 Argentina Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.6.8.3 Argentina Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.6.8.4 Argentina Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
11.6.9 Rest of Latin America
11.6.9.1 Rest of Latin America Agricultural Lubricant Market Estimates and Forecasts by Product Type (2020-2032) (USD Billion)
11.6.9.2 Rest of Latin America Agricultural Lubricant Market Estimates and Forecasts By Base Oil (2020-2032) (USD Billion)
11.6.9.3 Rest of Latin America Agricultural Lubricant Market Estimates and Forecasts by Farm Equipment (2020-2032) (USD Billion)
11.6.9.4 Rest of Latin America Agricultural Lubricant Market Estimates and Forecasts by Sales Channel (2020-2032) (USD Billion)
12. Company Profiles
12.1 Shell plc
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.2 Exxon Mobil Corporation
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.3 TotalEnergies SE
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.4 Chevron Corporation
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.5 BP plc (Castrol)
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.6 Valvoline Inc.
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.7 FUCHS Petrolub SE
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.8 Phillips 66
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.9 PETRONAS Lubricants International
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.10 Schaeffer Manufacturing Co.
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
13. Use Cases and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Product Type
Engine Oil
Transmission Oil
Hydraulic Fluid
Grease
Others
By Base Oil
Mineral Oil
Synthetic Oil
Bio-Based
By Farm Equipment
Tractors
Combines
Implements
By Sales Channel
OEMs
Aftermarkets
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Poland
Turkey
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
Customized Data Representation
Detailed analysis and profiling of additional market players
