Dublin, Dec. 11, 2018 (GLOBE NEWSWIRE) -- The "Global Passenger Car Motor Oil (PCMO) Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

It is predicted that this market will grow at a CAGR of more than 4% by 2022.

Modern car engines are produced to be compatible to use low-viscosity engine oil that reduces internal drag. Low-viscosity engine oil increases the vehicle's fuel efficiency by maintaining optimal performance of the engine. It also reduces the exhaust emissions and increases engine responsiveness.

New vehicles are benefiting from these developments and with the emergence of stringent regulations, the demand for low-viscosity grade motor oil is expected to increase significantly, contributing to the growth of the passenger car motor oil (PCMO) market.

Rising vehicle population leading to high consumption of PCMO

The demand for passenger cars is growing from the middle-class income group, especially in countries such as China and India, boosting the sales of passenger cars globally. Therefore, the increasing number of vehicles in use across the world will drive the growth of the passenger car motor oil market during the forecast period.

High investment required to change the additive technology

Emission standards are witnessing constant evolution across the world, leading to several developments to improve the efficiency of modern vehicles. Thus, motor oil vendors need to deal with a huge cost pressure to test the changes occurring in these standards. This presents a major challenge to the growth of the global PCMO market.

Competitive Landscape

With the presence of a considerable number of companies, this market appears to be fragmented. This market research report will help clients identify new growth opportunities. Several companies in the PCMO market are focusing on developing low-viscosity grade motor oil that are compatible with new modern vehicle engines.

Key Players

• BP
• Chevron
• Exxon Mobil
• Shell
• Total
• Valvoline

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 05: MARKET SIZING

• Market definition
• Market sizing 2017
• Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 07: MARKET SEGMENTATION BY APPLICATION

• Segmentation by application
• Comparison by application
• Passenger cars - Market size and forecast 2017-2022
• LCVs - Market size and forecast 2017-2022
• Market opportunity by application

PART 08: CUSTOMER LANDSCAPE

PART 09: MARKET SEGMENTATION BY VISCOSITY GRADE

• Segmentation by viscosity grade

PART 10: REGIONAL LANDSCAPE

• Geographical segmentation
• Regional comparison
• APAC - Market size and forecast 2017-2022
• Americas - Market size and forecast 2017-2022
• EMEA - Market size and forecast 2017-2022
• Market opportunity

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 13: MARKET TRENDS

PART 14: VENDOR LANDSCAPE

• Overview
• Landscape disruption

PART 15: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• BP
• Chevron
• Exxon Mobil
• Shell
• Total
• Valvoline

For more information about this report visit https://www.researchandmarkets.com/research/77t6d9/global_passenger?w=12

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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                  Related Topics: Oil, Cars, Lubricants and Greases