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The automotive engine oil market size is forecast to increase by USD 14.29 billion at a CAGR of 4.71% between 2023 and 2028. The market is experiencing significant growth due to several key factors. The increasing number of vehicles on the road necessitates frequent oil changes, leading to a higher demand for engine oil. Advancements in engine oil technology, such as extended oil drain intervals and the use of synthetic oils, are also driving market growth. Furthermore, the adoption of automation and robotics in oil change facilities is streamlining the process and making it more efficient. Additionally, the shift towards alternative fuels like LNG and the exploration of resources from regions such as Marcellus shale are creating new opportunities in the market. E-commerce platforms are also gaining popularity, allowing consumers to purchase engine oil online and have it delivered to their doorstep, further increasing market size. Overall, the engine oil market is expected to continue its growth trajectory in the coming years.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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