MarkNtel Advisors Releases Comprehensive Study on the Fluid and Lubricants for Electric Vehicle Market, Forecasting Strong Growth from 2024 to 2030

MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled “Fluid and Lubricants for Electric Vehicle Market Analysis, 2024–2030.”
This report provides a detailed assessment of the Fluid and Lubricants for Electric Vehicle Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

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Fluid and Lubricants for Electric Vehicle Market Timeline Overview

-Historical Years: 2019-22

-Base Years: 2023

-Forecast year - 2024-2030

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

Fluid and Lubricants for Electric Vehicle Market Outlook

According to the report, The Global Fluid and Lubricants for Electric Vehicle Market size is estimated to grow at a CAGR of around 30.4% during the forecast period, i.e., 2024-30. The market has been experiencing robust growth due to the rising demand for efficient and long-lasting fluids tailored for electric vehicles (EVs). Key components within an EV, such as battery systems and electric motors, generate considerable heat during operation.

The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.

Fluid and Lubricants for Electric Vehicle Market Drivers:

Expansion of Electric Vehicle Manufacturing Units to Boost Market Growth – Over the past few years, the adoption of electric automobiles increased substantially owing to the growing greenhouse emissions & the incentives provided for the purchase of electric automobiles. As per the statistics by the IEA, global electric car sales in 2023 reached around 14 million, an increase of about 35% compared to 2022. This mounting electric vehicle demand is necessitating the top companies to ramp up their production capabilities and expand their manufacturing units. Thus, generating a demand for the necessary fluids & lubricants directly from the original equipment manufacturers and enlarging the market size.

Fluid and Lubricants for Electric Vehicle Market Trends:

Rising Inclination Towards Bio-Based & Biodegradable Lubricants & Fluids – In recent years, consumers across the globe have become more conscious about their carbon footprint and transitioning towards sustainability. Therefore, they are increasingly shifting towards bio-based products rather than chemical lubricants. These biodegradable fluids for the EVs offer excellent heat dissipation and high resistance to oxidation. Therefore, it is suitable for the components, such as batteries, electric motors, or inverters and consumers increasingly prefer these types of fluids & lubricants over conventional products.

View Full Report (All Data, In One Place): (Explore in-depth analyses, technological trends, and investment patterns.) https://www.marknteladvisors.com/research-library/global-fluid-and-lubricants-for-electric-vehicle-market.html

Fluid and Lubricants for Electric Vehicle Market Segmentation

The study categorizes the Fluid and Lubricants for Electric Vehicle Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

By Product Type

• Engine Oil
• Greases
• Heat Transfer Fluid
• Coolants
• Others (Transmission Fluids, Brake Fluids, etc.)

By Demand Type

• OEM
• Aftermarket

By Vehicle Type

• Passenger Vehicle
• Commercial Vehicle
• Light Commercial Vehicle
• Medium & Heavy Commercial Vehicle
• Others (Two-Wheeler Vehicle, Three-Wheeler Vehicle, etc.)

By Propulsion Type

• Battery Electric Vehicles (BEVs)
• Hybrid Electric Vehicles (HEVs)
• Plug-In Hybrid Electric Vehicles (PHEVs)

Geographical Analysis

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

The report presents detailed insights into the Fluid and Lubricants for Electric Vehicle Market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

Talk to Our Industry Analyst: Get personalized insights into company strategies and regional market dynamics.) https://www.marknteladvisors.com/query/talk-to-our-consultant/global-fluid-and-lubricants-for-electric-vehicle-market.html

Leading Companies in Fluid and Lubricants for Electric Vehicle Market Worldwide: Players, Analysis & Future Outlook

3M, Exxon Mobil Corporation, Valvoline Inc., Afton Chemicals, Dober, Infineum International Limited, Klüber Lubrication, M&I Materials Limited, Motul, FUCHS, Engineered Fluids, PolySi Technologies Inc., Lubrizol, Castrol, Panolin International Inc., Petronas, Royal Dutch Shell, Total Lubricants, and others are the top companies operating in the Fluid and Lubricants for Electric Vehicle Market.

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
• Growth Drivers & Challenges: Clear insights into factors fueling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/global-fluid-and-lubricants-for-electric-vehicle-market.html

Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the Fluid and Lubricants for Electric Vehicle Market?
   2. What are the major factors driving this market’s growth?
   3. Which regions are expected to lead the Fluid and Lubricants for Electric Vehicle Market?
   4. Who are the prominent players in the Fluid and Lubricants for Electric Vehicle Market?
   5. How is the competition structured in this market?
   6. How can I access the full report?

About us:

MarkNtel Advisors is a leading research and consulting firm providing strategic intelligence across the automotive industry, spanning automobiles, electric vehicles, autonomous driving, and automotive components & electronics. Our research helps OEMs, suppliers, and investors navigate regulatory shifts, evolving mobility patterns, and emerging EV ecosystems. With Custom Market Analysis, we deliver tailored research solutions that address specific business objectives, empowering clients to optimize investments, accelerate innovation, and sustain long-term growth in the global automotive market.        

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