- Mineral Oil
- Synthetic Oil
Construction Lubricants Market size was valued at USD 9,376.8 Million in 2023 and is poised to grow at a CAGR of 3.8 % from 2024-2030. The construction lubricants market refers to the market for specialized lubricants that are essential for a wide range of construction equipment, including excavators, bulldozers, loaders, cranes, concrete mixers, and other heavy machinery used in earthmoving, road construction, mining, and other construction activities. These lubricants play a major role in maintaining the smooth operation and lifespan of machinery by minimizing friction and wear between moving parts. They are specifically designed to withstand the harsh conditions encountered on construction sites, including extreme temperatures, heavy loads, and dusty environments. The construction lubricant market is primarily driven by the increasing infrastructure development. The ongoing global infrastructure development, including road construction, bridges, dams, and other construction projects, fuel the demand for high-quality lubricants to ensure smooth and efficient operations.
Moreover, rising The awareness among construction companies regarding the importance of regular maintenance to reduce operational costs and downtime fuels the adoption of construction lubricants, which further accelerate the growth of the construction lubricants market. Furthermore, manufacturers have an opportunity to develop and market specialized lubricants that provide enhanced protection and efficiency in specific equipment and conditions. However, the volatility in the prices of the raw materials used in the manufacture of the construction lubricants can significantly affect the production costs for lubricant manufacturers; hence can limit the expansion of the construction lubricants market. Key players in the Construction Lubricants Market include lubricant manufacturers, suppliers, and distributors who offer a wide range of products tailored to meet the needs of construction companies, contractors, and equipment owners. For example, October 2021, Larsen & Toubro Limited (L&T-CMB) and Gulf Oil Lubricants India Limited have collaborated to launch a range of Genuine Oils to cater to the progressive needs of the Construction Equipment sector.
Construction Lubricants Market Key Developments:
- In February 2022, Schwing Stetter partnered with Gulf Oil for the production of construction equipment lubricants.
- In November 2022, Alonsa Electric Group launched a comprehensive line of Goodyear engine oils throughout the Middle East, Africa, and Asia to cater automotive, motorcycle, industrial and construction, power generation and marine industries.
- In Volvo Construction Equipment launched new hydraulic oil, Volvo Hydraulic Oil 98611 HO103, to increase the efficiency and performance of crawler excavator.
- In December 2022, Shell completely acquired the ECL business of PANOLIN Group to strengthen it product portfolio.
Construction Lubricants Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
3.8%
Largest Market
Asia Pacific
Fastest Growing Market
North America
Construction Lubricants Market Dynamics
The rising construction activity in emerging markets is majorly driving the construction lubricants market. The growth in the construction industry, driven by population growth, infrastructure development, urbanization, and industrialization, boosts the demand for construction machinery and equipment, which, ultimately drives the demand for construction lubricants. Lubricant manufacturers are focusing on expanding their presence in these emerging economics to cater to the increasing need of the construction sectors. Moreover, rising focus on equipment efficiency and performance coupled with advancements in lubricant technology have led to the development of specialized lubricants that can withstand extreme operating conditions and offer superior performance, leading to increased demand from the construction industry, which in turn burgeon the growth of the construction lubricants market.
Asia-Pacific Got Significant Share
Construction Lubricants Market Regional Analysis
Construction lubricants market has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific construction lubricants market is anticipated to dominate in the forecasting years primarily due to the rapid urbanization, infrastructure development, and construction projects in emerging economies such as China, India, and South Korea. Moreover, rising collaboration and partnerships between the key manufacturers in these regions further expand the construction lubricants market. On the other hand, the North American region, including the United States and Canada, is a significant market for construction lubricants. The robust construction industry, the expansion of transportation and infrastructure projects, and the presence of major construction equipment manufacturers drive the demand for construction lubricants in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
Construction Lubricants Market Segmentation
By Base Oil
By Product Type
- Hydraulic Fluid
- Engine Oil
- Gear Oil
- Automatic Transmission Fluid (ATF)
- Compressor Oil
- Grease
- Others
By Equipment Type
- Earthmoving Equipment
- Material Handling Equipment
- Heavy Construction Vehicles
- Others
Geography
- North America
- Europe
- The Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
Construction lubricants market was valued at USD 9,376.8 Million in 2023 and is anticipated to grow at a CAGR of 3.8 % over 2024-2030.
Rising collaborations between key manufacturers and innovation in lubricant technology are some of the factors that create potential opportunities for the growth of the construction lubricants market.
The manufacture of specialized lubricants and development of eco-friendly construction lubricants is one some of the major trends in the construction lubricants market.
Royal Dutch Shell, ExxonMobil, BP, Chevron Corporation, Total, PetroChina, Sinopec, Lucas Oil Products, LUKOIL, Indian Oil Corporation, Fuchs, Phillips 66 Company, Bel-Ray Company LLC., Morris Lubricants, Penrite Oil, Valvoline, Liqui Moly GmbH, ENI, Addinol, Lubrication Engineers, Inc., FUCHS, Lubricating Specialties Company, Southern Lubrication (Pvt) Ltd., Schaeffer Manufacturing Co., AFRILUBE, Leahy-Wolf, QALCO, and Volvo are a few companies operating in construction lubricants market.
Key Features of the Report
- The construction lubricants market report provides granular level information about the market size, regional market share, historic market (2019-2023)and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
| 1.Executive Summary |
| 2.Global Construction Lubricants Market Introduction |
| 2.1.Global Construction Lubricants Market - Taxonomy |
| 2.2.Global Construction Lubricants Market - Definitions |
| 2.2.1.Base Oil |
| 2.2.2.Product Type |
| 2.2.3.Equipment Type |
| 2.2.4.Region |
| 3.Global Construction Lubricants Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Construction Lubricants Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Construction Lubricants Market By Base Oil, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Mineral Oil |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Synthetic Oil |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Construction Lubricants Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Hydraulic Fluid |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Engine Oil |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Gear Oil |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Automatic Transmission Fluid (ATF) |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Compressor Oil |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Grease |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Others |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 7.Global Construction Lubricants Market By Equipment Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Earthmoving Equipment |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Material Handling Equipment |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Heavy Construction Vehicles |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8.Global Construction Lubricants Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Construction Lubricants Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Base Oil Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Mineral Oil |
| 9.1.2.Synthetic Oil |
| 9.2. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Hydraulic Fluid |
| 9.2.2.Engine Oil |
| 9.2.3.Gear Oil |
| 9.2.4.Automatic Transmission Fluid (ATF) |
| 9.2.5.Compressor Oil |
| 9.2.6.Grease |
| 9.2.7.Others |
| 9.3. Equipment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Earthmoving Equipment |
| 9.3.2.Material Handling Equipment |
| 9.3.3.Heavy Construction Vehicles |
| 9.3.4.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Construction Lubricants Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Base Oil Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Mineral Oil |
| 10.1.2.Synthetic Oil |
| 10.2. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Hydraulic Fluid |
| 10.2.2.Engine Oil |
| 10.2.3.Gear Oil |
| 10.2.4.Automatic Transmission Fluid (ATF) |
| 10.2.5.Compressor Oil |
| 10.2.6.Grease |
| 10.2.7.Others |
| 10.3. Equipment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Earthmoving Equipment |
| 10.3.2.Material Handling Equipment |
| 10.3.3.Heavy Construction Vehicles |
| 10.3.4.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Construction Lubricants Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Base Oil Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Mineral Oil |
| 11.1.2.Synthetic Oil |
| 11.2. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Hydraulic Fluid |
| 11.2.2.Engine Oil |
| 11.2.3.Gear Oil |
| 11.2.4.Automatic Transmission Fluid (ATF) |
| 11.2.5.Compressor Oil |
| 11.2.6.Grease |
| 11.2.7.Others |
| 11.3. Equipment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Earthmoving Equipment |
| 11.3.2.Material Handling Equipment |
| 11.3.3.Heavy Construction Vehicles |
| 11.3.4.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Construction Lubricants Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Base Oil Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Mineral Oil |
| 12.1.2.Synthetic Oil |
| 12.2. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Hydraulic Fluid |
| 12.2.2.Engine Oil |
| 12.2.3.Gear Oil |
| 12.2.4.Automatic Transmission Fluid (ATF) |
| 12.2.5.Compressor Oil |
| 12.2.6.Grease |
| 12.2.7.Others |
| 12.3. Equipment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Earthmoving Equipment |
| 12.3.2.Material Handling Equipment |
| 12.3.3.Heavy Construction Vehicles |
| 12.3.4.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Construction Lubricants Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Base Oil Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Mineral Oil |
| 13.1.2.Synthetic Oil |
| 13.2. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Hydraulic Fluid |
| 13.2.2.Engine Oil |
| 13.2.3.Gear Oil |
| 13.2.4.Automatic Transmission Fluid (ATF) |
| 13.2.5.Compressor Oil |
| 13.2.6.Grease |
| 13.2.7.Others |
| 13.3. Equipment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Earthmoving Equipment |
| 13.3.2.Material Handling Equipment |
| 13.3.3.Heavy Construction Vehicles |
| 13.3.4.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Royal Dutch Shell |
| 14.2.2.BP |
| 14.2.3.Chevron Corporation |
| 14.2.4.ExxonMobil |
| 14.2.5.Total |
| 14.2.6.Sinopec |
| 14.2.7.Indian Oil Corporation |
| 14.2.8.PetroChina |
| 14.2.9.Bel-Ray Company LLC. |
| 14.2.10.Larsen & Toubro Limited |
| 14.2.11.LUKOIL |
| 14.2.12.Morris Lubricants |
| 14.2.13.Fuchs |
| 14.2.14.Phillips 66 Company |
| 14.2.15.Alonsa Electric Group |
| 14.2.16.ENI |
| 14.2.17.AFRILUBE |
| 14.2.18.Penrite Oil |
| 14.2.19.Lubricating Specialties Company |
| 14.2.20.Valvoline |
| 14.2.21.Schaeffer Oil |
| 14.2.22.Liqui Moly GmbH |
| 14.2.23.QALCO |
| 14.2.24.Volvo |
| 14.2.25.Leahy-Wolf |
| 14.2.26.Addinol |
| 14.2.27.Southern Lubrication (Pvt) Ltd. |
| 14.2.28.Lucas Oil Products |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- Royal Dutch Shell
- BP
- Chevron Corporation
- ExxonMobil
- Total
- Sinopec
- Indian Oil Corporation
- PetroChina
- Bel-Ray Company LLC.
- Larsen & Toubro Limited
- LUKOIL
- Morris Lubricants
- Fuchs
- Phillips 66 Company
- Alonsa Electric Group
- ENI
- AFRILUBE
- Penrite Oil
- Lubricating Specialties Company
- Valvoline
- Schaeffer Oil
- Liqui Moly GmbH
- QALCO
- Volvo
- Leahy-Wolf
- Addinol
- Southern Lubrication (Pvt) Ltd.
- Lucas Oil Products