Middle East and Africa Agricultural Lubricants Market, By Category (Mineral Oil, Synthetic, Bio-based), Type (Engine Oil, Grease, Hydraulic Oils, Transformer Oil, Crankcase Oils, Bar and Chain Oil, Others), Raw Material (Petroleum Based Lubricants, Bio-Based Lubricants), Application (Engines, Gear and Transmission, Hydraulics, Greasing, Chain, Implements, Others), Agricultural Equipment (Tractors, Harvesters, Corn-Pickers, Balers, Verge Cutters, Circular Spike Harrows, Stone Grinders, Fertilizer Spreaders, Slurry Tankers, Sprayers, Fodder Mixers, Silage Spreaders, Straw Blowers, Mowers and Mower-Conditioners, Hay Tedders, Hay Rakes, Bale Wrappers, Grape Harvesting Machines, Others) – Industry Trends and Forecast to 2029.
Middle East and Africa Agricultural Lubricants Market Analysis and Size
Agricultural lubricants are an important part of the agricultural sector because they increase the efficiency of agricultural equipment and machinery efficiency. Increasing demand for healthy foods is associated with upsurges in the industrial machinery of the agricultural sector which is used to carry out farming operations, leading to the growth of the agricultural lubricants market. Moreover, government initiatives are helping the families and farmers to adopt advanced machinery to improve their yield and productivity is enhancing the demand for agricultural lubricants.
Data Bridge Market Research analyses that the agricultural lubricants market was valued at USD 77.64 million in 2021 and is expected to reach USD 107.08 million by 2029, registering a CAGR of 4.10% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Middle East and Africa Agricultural Lubricants Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Category (Mineral Oil, Synthetic, Bio-based), Type (Engine Oil, Grease, Hydraulic Oils, Transformer Oil, Crankcase Oils, Bar and Chain Oil, Others), Raw Material (Petroleum Based Lubricants, Bio-Based Lubricants), Application (Engines, Gear and Transmission, Hydraulics, Greasing, Chain, Implements, Others), Agricultural Equipment (Tractors, Harvesters, Corn-Pickers, Balers, Verge Cutters, Circular Spike Harrows, Stone Grinders, Fertilizer Spreaders, Slurry Tankers, Sprayers, Fodder Mixers, Silage Spreaders, Straw Blowers, Mowers and Mower-Conditioners, Hay Tedders, Hay Rakes, Bale Wrappers, Grape Harvesting Machines, Others)
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Countries Covered
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Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA),
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Market Players Covered
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Exxon Mobil Corporation (U.S.), Shell (Netherlands), Chevron Corporation (U.S.), Total Energies (France), BP plc (U.K.), FUCHS (Germany), Phillips 66 Company (U.S.), Exol Lubricants Limited (U.K.), Witham Group (U.K.), Rymax Lubricants (Netherlands), Repsol (Spain), Cougar Lubricants International Ltd (U.K.), Schaeffer Manufacturing Co. (U.S.), Pennine Lubricants (U.K.), Frontier Performance Lubricants, Inc. (U.S.) and UNIL (Belgium)
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Market Opportunities
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Market Definition
Agricultural lubricants are lubricants used for agricultural equipment to aid equipment and machines last longer. They are used in verge cutters, harvesters, tractors, among other machines. They are also help to cut down on gasoline usage and cost-effective. These lubricants improves the efficiency of machines and equipment and thus reduces the fuel consumption.
Agricultural Lubricants Market Dynamics
Drivers
- Growing usage of agricultural lubricants in gears
Agricultural gear is extensively used in the agro-industry. Agricultural automotive gear is used in many processes such as managing pests, tilling, seeding, irrigation, insect, etc. Agricultural lubricants are used in gears for a decrease of friction and wear of the gear tooth surfaces. This lubricant is highly used in removal of the heat which is generated by the operating gear, and also for the protection of the gear parts through corrosion. The high viscosity of the lubricant ensures the movement of all over the gear train. Moreover, when this lubricant is combined with compressed air than produce an oil mist which is sprayed onto the gear contact zone. This is specifically appropriate for high-velocity gearing which is expected to support the market during the forecast period.
- Implementation of Subsidies
Government organizations in numerous nations such as the Middle East and Africa are implementing farmers' subsidies. These subsidies are planned to help farmers in purchasing agricultural equipment such as threshers, tractors, harvesters, power sprayers, paddy transplanters and other similar items. As a result, more advanced agricultural equipment is being adopted, increasing the demand for the agricultural lubricants and expected to drive the market's growth rate.
Moreover, growing cost of farm labor will further drive the growth rate of agricultural lubricants market. Also, the growing farm mechanization rates and the rise in popularity of high-performance synthetic lubricant are anticipated to boost the market's growth.
Opportunities
- Rising demand of bio-based agriculture lubricants
Bio-based lubricants provide several advantages such as carbon-neutral, renewable, non-toxicity, and environment-friendly, due to this increased the demand for bio-lubricants all over the globe mainly in Middle East and Africa. Growth-inducing factor is the increasing demand for agriculture lubricants with superior product qualities, such as constant viscosity, biodegradability, high flash points, and lower emission levels. The increasing crude oil costs and global depletion of crude oil reserves have considerably augmented the demand for bio-based products. Also, the factors such as increasing R&D initiatives, growing environmental concerns, technological innovation and stringent government regulations on bio-based agriculture lubricants will likely propel the demand for the bio-based agricultural and create immense opportunities for the market growth in the coming years.
Restraints/Challenges
- Effects of agricultural lubricants into the environment
Lubricating oil in the form of micro-drops and oil mist is released into the environment and posing a significant risk to the environment. The effects and intensity of oil derivative interactions are highly related to the structure, frequency and the volume of emissions in a given area. This lubricant can also pose a very major effect on aquatic ecosystems. Oil contamination also causes soil damage owing to multi-stage physicochemical. Its contamination is dangerous and harmful to biological life, which will hamper the agriculture lubricants market during the forecast period.
This agricultural lubricants market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the agricultural lubricants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Agricultural Lubricants Market
The outbreak of coronavirus had a negative impact on the agricultural lubricants market owing to the implementation of lockdowns in raw material-providing nations, The advent of COVID-19 pandemic impacted the supply chain of the products in the first half of 2020. COVID-19 pandemic had minimum effect on the demand of the agricultural lubricant because agriculture and agricultural-related activities were considered important services in most of nations. Raw material suppling was one of the major challenges for market players in the first half of 2020. Over the forecast period, the aforementioned factors will consider the market's revenue trajectory during the forecast period.
On the other side, the market is projected to recover as individual regulatory authorities begin to relax these imposed lockdowns. The cancelled and suspended operations will continue, and the market is expected to expand.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Middle East and Africa Agricultural Lubricants Market Scope
The agricultural lubricants market is segmented on the basis of category, raw material, application and agricultural equipment. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Category
- Mineral Oil
- Synthetic
- Bio-based
Type
- Engine Oil
- Grease
- Hydraulic Oils
- Transformer Oil
- Crankcase Oil
- Bar and Chain Oil
- Others
Raw Material
- Petroleum Based Lubricants
- Bio-Based Lubricants
Application
- Engines
- Gear and Transmission
- Hydraulics
- Greasing, Chain
- Implements
- Others
Agricultural Equipment
- Tractors
- Harvesters
- Corn-Pickers
- Balers
- Verge Cutters
- Circular Spike Harrows
- Stone Grinders
- Fertilizer Spreaders
- Slurry Tankers
- Sprayers
- Fodder Mixers
- Silage Spreaders
- Straw Blowers
- Mowers and Mower-Conditioners
- Hay Tedders
- Hay Rakes
- Bale Wrappers
- Grape Harvesting Machines
- Others
Agricultural Lubricants Market Regional Analysis/Insights
The agricultural lubricants market is analyzed and market size insights and trends are provided by country, category, raw material, application and agricultural equipment as referenced above.
The countries covered in the agricultural lubricants market report are Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Saudi Arabia is dominating in Middle East & Africa agricultural lubricants market due to growing government initiatives and increasing middle-class farmer’s income. Moreover, promoting the adoption of agricultural machinery will likely to boost the demand of agricultural lubricants.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Agricultural Lubricants Market Share Analysis
The agricultural lubricants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to agricultural lubricants market.
Some of the major players operating in the agricultural lubricants market are:
- Exxon Mobil Corporation (U.S.)
- Shell (Netherlands)
- Chevron Corporation (U.S.)
- Total Energies (France)
- BP plc (U.K.)
- FUCHS (Germany)
- Phillips 66 Company (U.S.)
- Exol Lubricants Limited (U.K.)
- Witham Group (U.K.)
- Rymax Lubricants (Netherlands)
- Repsol (Spain)
- Cougar Lubricants International Ltd (U.K.)
- Schaeffer Manufacturing Co. (U.S.)
- Pennine Lubricants (U.K.)
- Frontier Performance Lubricants, Inc. (U.S.)
- UNIL (Belgium)
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