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[ 英語タイトル ] Power Steering Fluids Market - Growth, Trends, and Forecast (2020 - 2025)


Product Code : MDCH0087268
Survey : Mordor Intelligence
Publish On : November, 2020
Number of Pages : 120
Category : Chemicals and Advanced Materials
Study Area : Global
Report format : PDF
Sales price option (consumption tax not included)
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 - AIROSOL COMPANY INC.
- AMSOIL INC.
- BARDAHL
- Energizer Auto
- Exxon Mobil Corporation
- FUCHS
- Gulf Oil Lubricants India Ltd
- Lucas Oil Products Inc.
- Penrite Oil
- Recochem Inc.

[Report Description]

The global market for power steering fluids is expected to register a CAGR of about 3% during the forecast period. Light commercial vehicles application is expected to dominate the market studied during the forecast period.

- The slowdown in global automotive production and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
- The Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period, owing to the huge consumption from countries, such as China, India, and Japan.

Key Market Trends

Increasing Demand from Heavy Commercial Vehicles

- Power Steering Fluids offers hydraulic assist for the power steering systems.
- The demand for power steering systems is increasing from heavy commercial vehicles as they improve lubrication.
- Power steering fluids are available in either mineral-oil or synthetic oil, and sometimes they are blended with additives.
- Power steering fluids reduce foaming and prevent corrosion in the power steering pump and steering gear.
- The demand for power steering fluids is expected to grow from heavy commercial vehicles during the forecast period.

Asia-Pacific Region to Dominate the Market

- The Asia-Pacific region is expected to account for the largest market for power steering fluids during the forecast period.
- China is the largest manufacturer of automobiles in the world. The automotive sector in China has been shaping up for product evolution, with the country focusing on manufacturing products, to ensure fuel economy and minimize emissions, owing to the increasing environmental concerns due to mounting pollution in the country.
- However, the market witnessed a shrink in 2018, as the production decreased in 2019. According to the Chinese Association of Automobile Manufacturers (CAAM), after nearly 20 years of growth, the automotive sector in the country has been decreasing in recent times.
- The Indian automotive sector faced a crisis, owing to several problems. Factors, like the increased costs of ownership, and overall weak economy affecting the demand, and severe floods in some states, worsened the industry’s prospects.
- Moreover, lower-income growth and slow job creation have led to weak demand for automotive in the country. This weak demand has slowed down the production, and in turn, is expected to hinder the demand for the market studied during the short term.
- Therefore, the slowdown in the automotive industry in countries of the Asia-Pacific region is expected to hamper the growth of the market studied during the forecast period.

Competitive Landscape

The global power steering fluids market is partially fragmented. The major companies of the market studied include Lucas Oil Products Inc., BARDAHL, Exxon Mobil Corporation, Energizer Auto, and FUCHS, among others.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.2 Restraints
4.2.1 Slowdown in the Global Automotive Production
4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition

5 MARKET SEGMENTATION
5.1 Product Type
5.1.1 Synthetic Oil
5.1.2 Mineral Oil
5.1.3 Others
5.2 Application
5.2.1 Light Commercial Vehicles
5.2.2 Passenger Cars
5.2.3 Heavy Commercial Vehicles
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 ASEAN Countries
5.3.1.6 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Russia
5.3.3.6 Spain
5.3.3.7 Turkey
5.3.3.8 Czech Republic
5.3.3.9 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Iran
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 AIROSOL COMPANY INC.
6.4.2 AMSOIL INC.
6.4.3 BARDAHL
6.4.4 Energizer Auto
6.4.5 Exxon Mobil Corporation
6.4.6 FUCHS
6.4.7 Gulf Oil Lubricants India Ltd
6.4.8 Lucas Oil Products Inc.
6.4.9 Penrite Oil
6.4.10 Recochem Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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