Global Motorcycle Oil Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Motorcycle Oil Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Motorcycle Oil market finds that the global Motorcycle Oil market reached a value of USD 6845.35 million in 2022. It’s expected that the market will achieve USD 8463.57 million by 2028, exhibiting a CAGR of 3.6% during the forecast period.

COVID-19

Global demand for motorcycle, scooter and motorcycle oil declines significantly through 2020 due to the COVID-19 pandemic. As the pandemic approaches, spending on high-priced goods such as motorcycles plummets in the first half of 2020 as consumer incomes fall. Although the magnitude of the decline in different countries/regions will depend on the severity of the pandemic on the economy, the duration of the embargo, and the type of services considered non-essential during the embargo.

The COVID-19 pandemic has affected almost everything in the motorcycle oil market, from the global supply chain to the operations of retailers. While all countries in Southeast Asia took effective action to respond to the COVID-19 crisis and nearly contained the spread of the virus, the global economic downturn hit the region's exports and tourism hard, two key industries for all countries in the region. The poor economy reduced demand for consumer goods, and the motorcycle oil industry, the region's main personal sector, lost millions in sales.

In the case of the U.S., since American motorcycles, scooters, mopeds and e-bikes are often seen as recreational or shift vehicles, often purchased by hobbyists, they are seen as a fun way to get from place to destination. Rather than being the primary means of personal transportation. As consumers have adapted to the new reality, they have reduced their use of public transportation and shared services, and have pursued new forms of recreation. In turn, Americans have experienced a surge in interest in bicycles, e-bikes, scooters, mopeds and motorcycles. This spike in consumer interest coincides with the introduction of the next generation of two-wheeled vehicles based on more than a decade of technological innovation.

Continuous improvement of materials

Motorcycles require specialized chemicals. As with any consumer vehicle, end users want high performance and long-term reliability from their scooters and motorcycles. The right lubricant is an important part of this equation. In addition, increasingly stringent requirements for motorcycles are being implemented worldwide in order to reduce CO2 emissions. In addition to innovations in engine technology and material use, fuel consumption can be reduced in the field of lubricants.
Like many other forms of engine technology, motorcycle engines are rapidly evolving to meet the new major emissions upgrades that have come into effect. For example, new harmonized Euro 5 and Bharat Stage VI (BS-VI) specifications governing vehicle emissions across Europe and India have been developed, which in turn will drive hardware changes. In-use emission compliance requirements mean that engines need to meet appropriate emission levels not only when new, but throughout their service life, and there is now a new challenge to provide enhanced exhaust catalyst durability as an additional oil performance and formulation challenge.

Rising penetration of electric vehicles

The popularity of electric vehicles (EVs) is growing globally, although two-wheeled adoption is still very low in most countries. The only exception is China, where the population of electric two-wheelers has grown exponentially over the past five years. Competitive improvements and policy impacts have caused motorcycle sales to underperform cars and e-bikes in the last decade. The increased range and declining price of e-bikes has led to a rapid increase in their production since 2010. Therefore, it is still unknown whether electric bikes will be seen as a significant MCO growth disruptor in the near future. The initiatives proposed by the Indian government towards EVs, as well as the desire of other countries to promote EVs, could be detrimental to the industry during the forecast period. India is considering banning the sale of two-wheelers with cylinder capacity less than 150cc after March 2025 and allowing the sale of electric two-wheelers after this date.

Region Overview:

In 2021, the share of the Motorcycle Oil market in Southeast Asia stood at 30.52%.

Company Overview

BP (Castrol) is one of the major players operating in the Motorcycle Oil market, holding a share of 7.38% in 2022.

BP (Castrol)

BP is engaged in the global energy business with operations in Europe, North and South America, Australasia, Asia and Africa. The Company provides customers with fuel for transport, energy for heat and light, power for industry, and the petrochemicals products used to make everyday items such as paints, clothes and packaging. The Company's segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is responsible for its activities in oil and natural gas exploration, field development and production. The Downstream segment has global marketing and manufacturing operations, and include the fuels, lubricants and petrochemicals business of the Company.

Shell

Shell is a company based in the Netherlands that explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. Its segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas. The Upstream segment includes the operations of Upstream, which is engaged in the exploration for and extraction of crude oil, natural gas and natural gas liquids, and the marketing and transportation of oil and gas, and Oil Sands, which is engaged in the extraction of bitumen from mined oil sands and conversion into synthetic crude oil. The Downstream segment is engaged in oil products and chemicals manufacturing, and marketing activities.

Segmentation Overview:

Among different product types, 4 Stroke Motorcycle Oil segment is anticipated to contribute the largest market share in 2027.

2 Stroke Motorcycle Oil

2 Stroke Motorcycle Oil is a special type of motor oil intended for use in crankcase compression two-stroke engines.

4 Stroke Motorcycle Oil

4 Stroke Motorcycle Oil is a type of motor oil intended for use in crankcase compression four-stroke engines. Four-stroke engines require two complete turns of the crankshaft to make a power stroke, compared to the single turn necessary in a two-stroke engine. Two-stroke engines operate on 360° of crankshaft rotation, whereas four-stroke engines operate on 720° of crankshaft rotation.

Application Overview:

By application, the Street segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Motorcycle Oil market covered in Chapter 3:

Eni
Idemitsu
China Petrochemical Corporation
Chevron
CNPC
Lucas
ExxonMobil
Motul
FUCHS (Silklene)
Liqui Moly GmbH
HP Lubricants.
PETRONAS
Repsol
Calumet Specialty Products Partners (Royal Purple)
Valvoline
Shell
Total SE
BP (Castrol)
AMSOIL

In Chapter 4 and Chapter 14.2, on the basis of types, the Motorcycle Oil market from 2018 to 2029 is primarily split into:

2 Stroke Motorcycle Oil
4 Stroke Motorcycle Oil

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Motorcycle Oil market from 2018 to 2029 covers:

Off-Road
Street
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)