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Forestry Lubricants Market: Global Opportunity Analysis and Industry Forecast, 2024-2033

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    Report

  • 354 Pages
  • August 2024
  • Region: Global
  • Allied Market Research
  • ID: 5671241
The forestry lubricants market was valued at $4.7 Billion in 2023 and is estimated to reach $6.8 Billion by 2033, exhibiting a CAGR of 3.9% from 2024 to 2033.

Forestry lubricants are specialized oils, greases, and fluids designed to reduce friction, wear, and corrosion in machinery and equipment used in forestry operations. These lubricants are formulated to withstand the harsh and demanding conditions typical of forestry work, such as exposure to extreme temperatures, heavy loads, moisture, and abrasive materials such as dirt and debris. By ensuring smooth and reliable operation, forestry lubricants help maintain the efficiency, performance, and longevity of equipment such as chainsaws, harvesters, skidders, and loaders, which are essential for tasks such as logging, tree cutting, and wood processing.

The longevity of forestry equipment is a critical consideration for operators, as the cost of purchasing and maintaining machinery represents a significant investment. Forestry lubricants offer superior protection against wear and environmental stressors contribute to the extended lifespan of equipment, which in turn helps operators achieve a better return on investment. By reducing the frequency of part replacements and repairs, these lubricants support the long-term sustainability of forestry operations and make them more economically viable. All these factors are expected to drive the demand for forestry lubricants market during the forecast period.

However, the limited availability of eco-friendly options presents a significant challenge to the growth of the forestry lubricants market. As environmental regulations and sustainability concerns gain prominence, there is increasing demand for lubricants that minimize ecological impact, particularly in sensitive forestry environments. However, the development and availability of such eco-friendly lubricants have not kept pace with this demand, creating a gap that hampers market growth.

Technological advancements in lubricant formulations create significant opportunities for the forestry lubricants market, transforming the way these products enhance the performance and sustainability of machinery used in forestry operations. Innovations in lubricant chemistry and engineering are enabling the development of new formulations that offer improved performance, increased durability, and greater environmental benefits, addressing the evolving needs of the forestry industry. All these factors are anticipated to offer new growth opportunities for the forestry lubricants market during the forecast period.

The forestry lubricants market is segmented into product type, application, and region. On the basis of product type, the market is divided into synthetic, synthetic blend, bio-based, mineral, and others. By application, the market is segmented into engine, transmission and gears, hydraulics, greasing, chain oils/saw guide oils, paper machine oils, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.

On the basis of product type, the market is divided into synthetic, synthetic blend, bio-based, mineral, and others. The synthetic segment accounted for more than one-third of the forestry lubricants market share in 2023 and is expected to maintain its dominance during the forecast period. Synthetic lubricants are engineered to provide enhanced protection in extreme temperatures, both high and low.

This is crucial in forestry operations where equipment operates in harsh environmental conditions, including intense heat during the summer and severe cold in the winter. The ability of synthetic lubricants to maintain their viscosity and lubricating properties across a wide temperature range ensures that forestry machinery operates smoothly and efficiently, reducing downtime and maintenance costs.

By application, the market is segmented into engine, transmission and gears, hydraulics, greasing, chain oils/saw guide oils, paper machine oils, and others. The engine segment accounted for more than one-fourth of the forestry lubricants market share in 2023 and is expected to maintain its dominance during the forecast period. The drive for cost-efficiency in forestry operations influences the demand for high-performance lubricants.

Lubricants provide extended oil change intervals and enhanced engine protection reduce downtime and maintenance costs. The ability of these lubricants to operate effectively over longer periods without degradation is essential in ensuring the continuous operation of forestry equipment, which is often far from maintenance facilities. This need for reliability and durability in challenging environments drives the demand for forestry lubricants in engines.

Region-wise, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA. The Asia-Pacific region accounted for more than two-fifth of the forestry lubricants market share in 2023 and is expected to maintain its dominance during the forecast period. Asia-Pacific region's rapidly expanding forestry industry, particularly in countries such as China, India, and Indonesia, is a major contributor.

As these nations continue to industrialize and urbanize, the demand for wood and wood-based products increased that drive the need for efficient and reliable forestry machinery. All these factors drive the demand for high-performance lubricants that ensure the smooth operation of equipment under harsh working conditions typical in forestry activities.

Key players in the forestry lubricants market include Chevron Corporation, Cortec Corporation, Exxon Mobil Corporation, Frontier Performance Lubricants INC, FUCHS, Penine Lubricants, Phillips 66 Company, Repsol, Rymax Lubricants, TotalEnergies, Petro‐Canada Lubricants Inc, Shell Plc, THERMAL-LUBE, INC, Morris Lubricants, Matrix Specialty Lubricants, Zeller+Gmelin, MOL Group, CONDAT Group, Neste, and Exol Lubricants Limited.

Key findings of the study

  • On the basis of product type, the bio-based segment is anticipated to grow at the fastest CAGR of 4.7% during the forecast period.
  • By application, the paper machine oils segment is anticipated to grow at the fastest CAGR of 5.0% during the forecast period.
  • The Asia-Pacific region is anticipated to grow at the fastest CAGR of 4.1% during the forecast period.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the forestry lubricants market analysis from 2023 to 2033 to identify the prevailing forestry lubricants market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the forestry lubricants market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global forestry lubricants market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

  • Quarterly Update* (with the purchase of an enterprise license)
  • 5 additional Company Profiles, pre- or post-purchase, as a free update.
  • Free Updated Version (once released) with the purchase of an enterprise user license.
  • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
  • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
  • Free data Pack on the Enterprise User License. (Excel version of the report)
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  • 24-hour priority response*
  • Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

  • Manufacturing Capacity
  • Installed Base analysis
  • Product Life Cycles
  • Upcoming/New Entrant by Regions
  • Technology Trend Analysis
  • Go To Market Strategy
  • New Product Development/ Product Matrix of Key Players
  • Regulatory Guidelines
  • Additional company profiles with specific to client's interest
  • Additional country or region analysis- market size and forecast
  • Brands Share Analysis
  • Historic market data
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
  • SWOT Analysis
  • Volume Market Size and Forecast

Key Market Segments

By Product Type

  • Bio-based
  • Mineral
  • Synthetic
  • Synthetic Blend
  • Others

By Application

  • Engine
  • Transmission and Gears
  • Hydraulics
  • Greasing
  • Chain Oils/Saw Guide Oils
  • Paper Machine Oils
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • Rest of LAMEA

Key Market Players

  • Chevron Corporation
  • CONDAT Group
  • Cortec Corporation
  • Exol Lubricants Limited
  • Exxon Mobil Corporation
  • Frontier Performance Lubricants INC.
  • FUCHS
  • Matrix Specialty Lubricants
  • MOL Group
  • Morris Lubricants
  • Neste
  • Penine Lubricants
  • Petro?Canada Lubricants Inc
  • Phillips 66 Company
  • Repsol
  • Rymax Lubricants
  • Shell plc
  • THERMAL-LUBE, INC
  • Total Energies
  • Zeller+Gmelin

 

Please note:

  • Online Access price format is valid for 60 days access. Printing is not enabled.
  • PDF Single and Enterprise price formats enable printing.

 

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. Moderate intensity of rivalry
3.3.5. Moderate bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Operational efficiency and equipment longevity
3.4.1.2. Expansion of forestry operations in emerging markets
3.4.2. Restraints
3.4.2.1. Limited availability of eco-friendly options
3.4.3. Opportunities
3.4.3.1. Technological advancements in lubricant formulations
3.5. Value Chain Analysis
3.6. Regulatory Guidelines
3.7. Patent Landscape
CHAPTER 4: FORESTRY LUBRICANTS MARKET, BY PRODUCT TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Synthetic
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Synthetic Blend
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Bio-based
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Mineral
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
4.6. Others
4.6.1. Key market trends, growth factors and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market share analysis by country
CHAPTER 5: FORESTRY LUBRICANTS MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Engine
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Transmission and Gears
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Hydraulics
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Greasing
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
5.6. Chain Oils/Saw Guide Oils
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market share analysis by country
5.7. Paper Machine Oils
5.7.1. Key market trends, growth factors and opportunities
5.7.2. Market size and forecast, by region
5.7.3. Market share analysis by country
5.8. Others
5.8.1. Key market trends, growth factors and opportunities
5.8.2. Market size and forecast, by region
5.8.3. Market share analysis by country
CHAPTER 6: FORESTRY LUBRICANTS MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast By Region
6.2. North America
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by Product Type
6.2.3. Market size and forecast, by Application
6.2.4. Market size and forecast, by country
6.2.4.1. U.S.
6.2.4.1.1. Market size and forecast, by Product Type
6.2.4.1.2. Market size and forecast, by Application
6.2.4.2. Canada
6.2.4.2.1. Market size and forecast, by Product Type
6.2.4.2.2. Market size and forecast, by Application
6.2.4.3. Mexico
6.2.4.3.1. Market size and forecast, by Product Type
6.2.4.3.2. Market size and forecast, by Application
6.3. Europe
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by Product Type
6.3.3. Market size and forecast, by Application
6.3.4. Market size and forecast, by country
6.3.4.1. Germany
6.3.4.1.1. Market size and forecast, by Product Type
6.3.4.1.2. Market size and forecast, by Application
6.3.4.2. France
6.3.4.2.1. Market size and forecast, by Product Type
6.3.4.2.2. Market size and forecast, by Application
6.3.4.3. UK
6.3.4.3.1. Market size and forecast, by Product Type
6.3.4.3.2. Market size and forecast, by Application
6.3.4.4. Spain
6.3.4.4.1. Market size and forecast, by Product Type
6.3.4.4.2. Market size and forecast, by Application
6.3.4.5. Italy
6.3.4.5.1. Market size and forecast, by Product Type
6.3.4.5.2. Market size and forecast, by Application
6.3.4.6. Rest of Europe
6.3.4.6.1. Market size and forecast, by Product Type
6.3.4.6.2. Market size and forecast, by Application
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by Product Type
6.4.3. Market size and forecast, by Application
6.4.4. Market size and forecast, by country
6.4.4.1. China
6.4.4.1.1. Market size and forecast, by Product Type
6.4.4.1.2. Market size and forecast, by Application
6.4.4.2. India
6.4.4.2.1. Market size and forecast, by Product Type
6.4.4.2.2. Market size and forecast, by Application
6.4.4.3. Japan
6.4.4.3.1. Market size and forecast, by Product Type
6.4.4.3.2. Market size and forecast, by Application
6.4.4.4. South Korea
6.4.4.4.1. Market size and forecast, by Product Type
6.4.4.4.2. Market size and forecast, by Application
6.4.4.5. Australia
6.4.4.5.1. Market size and forecast, by Product Type
6.4.4.5.2. Market size and forecast, by Application
6.4.4.6. Rest of Asia-Pacific
6.4.4.6.1. Market size and forecast, by Product Type
6.4.4.6.2. Market size and forecast, by Application
6.5. LAMEA
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by Product Type
6.5.3. Market size and forecast, by Application
6.5.4. Market size and forecast, by country
6.5.4.1. Brazil
6.5.4.1.1. Market size and forecast, by Product Type
6.5.4.1.2. Market size and forecast, by Application
6.5.4.2. South Africa
6.5.4.2.1. Market size and forecast, by Product Type
6.5.4.2.2. Market size and forecast, by Application
6.5.4.3. Saudi Arabia
6.5.4.3.1. Market size and forecast, by Product Type
6.5.4.3.2. Market size and forecast, by Application
6.5.4.4. Rest of LAMEA
6.5.4.4.1. Market size and forecast, by Product Type
6.5.4.4.2. Market size and forecast, by Application
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2023
CHAPTER 8: COMPANY PROFILES
8.1. Chevron Corporation
8.1.1. Company overview
8.1.2. Key executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.1.6. Business performance
8.2. Cortec Corporation
8.2.1. Company overview
8.2.2. Key executives
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.2.6. Key strategic moves and developments
8.3. Exxon Mobil Corporation
8.3.1. Company overview
8.3.2. Key executives
8.3.3. Company snapshot
8.3.4. Operating business segments
8.3.5. Product portfolio
8.3.6. Business performance
8.4. Frontier Performance Lubricants INC.
8.4.1. Company overview
8.4.2. Key executives
8.4.3. Company snapshot
8.4.4. Operating business segments
8.4.5. Product portfolio
8.5. FUCHS
8.5.1. Company overview
8.5.2. Key executives
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Product portfolio
8.5.6. Business performance
8.6. Penine Lubricants
8.6.1. Company overview
8.6.2. Key executives
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.7. Phillips 66 Company
8.7.1. Company overview
8.7.2. Key executives
8.7.3. Company snapshot
8.7.4. Operating business segments
8.7.5. Product portfolio
8.7.6. Business performance
8.8. Repsol
8.8.1. Company overview
8.8.2. Key executives
8.8.3. Company snapshot
8.8.4. Operating business segments
8.8.5. Product portfolio
8.8.6. Business performance
8.9. Rymax Lubricants
8.9.1. Company overview
8.9.2. Key executives
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Product portfolio
8.10. Total Energies
8.10.1. Company overview
8.10.2. Key executives
8.10.3. Company snapshot
8.10.4. Operating business segments
8.10.5. Product portfolio
8.10.6. Business performance
8.10.7. Key strategic moves and developments
8.11. Petro-Canada Lubricants Inc
8.11.1. Company overview
8.11.2. Key executives
8.11.3. Company snapshot
8.11.4. Operating business segments
8.11.5. Product portfolio
8.12. Shell plc
8.12.1. Company overview
8.12.2. Key executives
8.12.3. Company snapshot
8.12.4. Operating business segments
8.12.5. Product portfolio
8.12.6. Business performance
8.13. THERMAL-LUBE, INC
8.13.1. Company overview
8.13.2. Key executives
8.13.3. Company snapshot
8.13.4. Operating business segments
8.13.5. Product portfolio
8.14. Morris Lubricants
8.14.1. Company overview
8.14.2. Key executives
8.14.3. Company snapshot
8.14.4. Operating business segments
8.14.5. Product portfolio
8.15. Matrix Specialty Lubricants
8.15.1. Company overview
8.15.2. Key executives
8.15.3. Company snapshot
8.15.4. Operating business segments
8.15.5. Product portfolio
8.16. Zeller+Gmelin
8.16.1. Company overview
8.16.2. Key executives
8.16.3. Company snapshot
8.16.4. Operating business segments
8.16.5. Product portfolio
8.17. MOL Group
8.17.1. Company overview
8.17.2. Key executives
8.17.3. Company snapshot
8.17.4. Operating business segments
8.17.5. Product portfolio
8.17.6. Business performance
8.18. CONDAT Group
8.18.1. Company overview
8.18.2. Key executives
8.18.3. Company snapshot
8.18.4. Operating business segments
8.18.5. Product portfolio
8.19. Neste
8.19.1. Company overview
8.19.2. Key executives
8.19.3. Company snapshot
8.19.4. Operating business segments
8.19.5. Product portfolio
8.19.6. Business performance
8.20. Exol Lubricants Limited
8.20.1. Company overview
8.20.2. Key executives
8.20.3. Company snapshot
8.20.4. Operating business segments
8.20.5. Product portfolio
LIST OF TABLES
Table 01. Global Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 02. Forestry Lubricants Market for Synthetic, by Region, 2023-2033 ($Million)
Table 03. Forestry Lubricants Market for Synthetic Blend, by Region, 2023-2033 ($Million)
Table 04. Forestry Lubricants Market for Bio-based, by Region, 2023-2033 ($Million)
Table 05. Forestry Lubricants Market for Mineral, by Region, 2023-2033 ($Million)
Table 06. Forestry Lubricants Market for Others, by Region, 2023-2033 ($Million)
Table 07. Global Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 08. Forestry Lubricants Market for Engine, by Region, 2023-2033 ($Million)
Table 09. Forestry Lubricants Market for Transmission and Gears, by Region, 2023-2033 ($Million)
Table 10. Forestry Lubricants Market for Hydraulics, by Region, 2023-2033 ($Million)
Table 11. Forestry Lubricants Market for Greasing, by Region, 2023-2033 ($Million)
Table 12. Forestry Lubricants Market for Chain Oils/Saw Guide Oils, by Region, 2023-2033 ($Million)
Table 13. Forestry Lubricants Market for Paper Machine Oils, by Region, 2023-2033 ($Million)
Table 14. Forestry Lubricants Market for Others, by Region, 2023-2033 ($Million)
Table 15. Forestry Lubricants Market, by Region, 2023-2033 ($Million)
Table 16. North America Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 17. North America Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 18. North America Forestry Lubricants Market, by Country, 2023-2033 ($Million)
Table 19. U.S. Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 20. U.S. Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 21. Canada Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 22. Canada Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 23. Mexico Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 24. Mexico Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 25. Europe Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 26. Europe Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 27. Europe Forestry Lubricants Market, by Country, 2023-2033 ($Million)
Table 28. Germany Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 29. Germany Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 30. France Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 31. France Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 32. UK Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 33. UK Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 34. Spain Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 35. Spain Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 36. Italy Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 37. Italy Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 38. Rest of Europe Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 39. Rest of Europe Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 40. Asia-Pacific Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 41. Asia-Pacific Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 42. Asia-Pacific Forestry Lubricants Market, by Country, 2023-2033 ($Million)
Table 43. China Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 44. China Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 45. India Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 46. India Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 47. Japan Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 48. Japan Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 49. South Korea Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 50. South Korea Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 51. Australia Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 52. Australia Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 53. Rest of Asia-Pacific Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 54. Rest of Asia-Pacific Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 55. LAMEA Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 56. LAMEA Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 57. LAMEA Forestry Lubricants Market, by Country, 2023-2033 ($Million)
Table 58. Brazil Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 59. Brazil Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 60. South Africa Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 61. South Africa Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 62. Saudi Arabia Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 63. Saudi Arabia Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 64. Rest of LAMEA Forestry Lubricants Market, by Product Type, 2023-2033 ($Million)
Table 65. Rest of LAMEA Forestry Lubricants Market, by Application, 2023-2033 ($Million)
Table 66. Chevron Corporation: Key Executives
Table 67. Chevron Corporation: Company Snapshot
Table 68. Chevron Corporation: Product Segments
Table 69. Chevron Corporation: Product Portfolio
Table 70. Cortec Corporation: Key Executives
Table 71. Cortec Corporation: Company Snapshot
Table 72. Cortec Corporation: Product Segments
Table 73. Cortec Corporation: Product Portfolio
Table 74. Cortec Corporation: Key Stratergies
Table 75. Exxon Mobil Corporation: Key Executives
Table 76. Exxon Mobil Corporation: Company Snapshot
Table 77. Exxon Mobil Corporation: Product Segments
Table 78. Exxon Mobil Corporation: Product Portfolio
Table 79. Frontier Performance Lubricants Inc.: Key Executives
Table 80. Frontier Performance Lubricants Inc.: Company Snapshot
Table 81. Frontier Performance Lubricants Inc.: Product Segments
Table 82. Frontier Performance Lubricants Inc.: Product Portfolio
Table 83. Fuchs: Key Executives
Table 84. Fuchs: Company Snapshot
Table 85. Fuchs: Product Segments
Table 86. Fuchs: Product Portfolio
Table 87. Penine Lubricants: Key Executives
Table 88. Penine Lubricants: Company Snapshot
Table 89. Penine Lubricants: Product Segments
Table 90. Penine Lubricants: Product Portfolio
Table 91. Phillips 66 Company: Key Executives
Table 92. Phillips 66 Company: Company Snapshot
Table 93. Phillips 66 Company: Product Segments
Table 94. Phillips 66 Company: Product Portfolio
Table 95. Repsol: Key Executives
Table 96. Repsol: Company Snapshot
Table 97. Repsol: Product Segments
Table 98. Repsol: Product Portfolio
Table 99. Rymax Lubricants: Key Executives
Table 100. Rymax Lubricants: Company Snapshot
Table 101. Rymax Lubricants: Product Segments
Table 102. Rymax Lubricants: Product Portfolio
Table 103. Total Energies: Key Executives
Table 104. Total Energies: Company Snapshot
Table 105. Total Energies: Product Segments
Table 106. Total Energies: Product Portfolio
Table 107. Total Energies: Key Stratergies
Table 108. Petro-Canada Lubricants Inc.: Key Executives
Table 109. Petro-Canada Lubricants Inc.: Company Snapshot
Table 110. Petro-Canada Lubricants Inc.: Product Segments
Table 111. Petro-Canada Lubricants Inc.: Product Portfolio
Table 112. Shell PLC: Key Executives
Table 113. Shell PLC: Company Snapshot
Table 114. Shell PLC: Product Segments
Table 115. Shell PLC: Product Portfolio
Table 116. Thermal-Lube, Inc.: Key Executives
Table 117. Thermal-Lube, Inc.: Company Snapshot
Table 118. Thermal-Lube, Inc.: Product Segments
Table 119. Thermal-Lube, Inc.: Product Portfolio
Table 120. Morris Lubricants: Key Executives
Table 121. Morris Lubricants: Company Snapshot
Table 122. Morris Lubricants: Product Segments
Table 123. Morris Lubricants: Product Portfolio
Table 124. Matrix Specialty Lubricants: Key Executives
Table 125. Matrix Specialty Lubricants: Company Snapshot
Table 126. Matrix Specialty Lubricants: Product Segments
Table 127. Matrix Specialty Lubricants: Product Portfolio
Table 128. Zeller+Gmelin: Key Executives
Table 129. Zeller+Gmelin: Company Snapshot
Table 130. Zeller+Gmelin: Product Segments
Table 131. Zeller+Gmelin: Product Portfolio
Table 132. Mol Group: Key Executives
Table 133. Mol Group: Company Snapshot
Table 134. Mol Group: Product Segments
Table 135. Mol Group: Product Portfolio
Table 136. Condat Group: Key Executives
Table 137. Condat Group: Company Snapshot
Table 138. Condat Group: Product Segments
Table 139. Condat Group: Product Portfolio
Table 140. Neste: Key Executives
Table 141. Neste: Company Snapshot
Table 142. Neste: Product Segments
Table 143. Neste: Product Portfolio
Table 144. Exol Lubricants Limited: Key Executives
Table 145. Exol Lubricants Limited: Company Snapshot
Table 146. Exol Lubricants Limited: Product Segments
Table 147. Exol Lubricants Limited: Product Portfolio
LIST OF FIGURES
Figure 01. Forestry Lubricants Market, 2023-2033
Figure 02. Segmentation of Forestry Lubricants Market,2023-2033
Figure 03. Top Impacting Factors in Forestry Lubricants Market (2023 to 2033)
Figure 04. Top Investment Pockets in Forestry Lubricants Market (2024-2033)
Figure 05. Moderate Bargaining Power of Suppliers
Figure 06. Moderate Threat of New Entrants
Figure 07. Moderate Threat of Substitutes
Figure 08. Moderate Intensity of Rivalry
Figure 09. Moderate Bargaining Power of Buyers
Figure 10. Global Forestry Lubricants Market:Drivers, Restraints and Opportunities
Figure 11. Forestry Lubricants Market, by Product Type, 2023 and 2033(%)
Figure 12. Comparative Share Analysis of Forestry Lubricants Market for Synthetic, by Country 2023 and 2033(%)
Figure 13. Comparative Share Analysis of Forestry Lubricants Market for Synthetic Blend, by Country 2023 and 2033(%)
Figure 14. Comparative Share Analysis of Forestry Lubricants Market for Bio-based, by Country 2023 and 2033(%)
Figure 15. Comparative Share Analysis of Forestry Lubricants Market for Mineral, by Country 2023 and 2033(%)
Figure 16. Comparative Share Analysis of Forestry Lubricants Market for Others, by Country 2023 and 2033(%)
Figure 17. Forestry Lubricants Market, by Application, 2023 and 2033(%)
Figure 18. Comparative Share Analysis of Forestry Lubricants Market for Engine, by Country 2023 and 2033(%)
Figure 19. Comparative Share Analysis of Forestry Lubricants Market for Transmission and Gears, by Country 2023 and 2033(%)
Figure 20. Comparative Share Analysis of Forestry Lubricants Market for Hydraulics, by Country 2023 and 2033(%)
Figure 21. Comparative Share Analysis of Forestry Lubricants Market for Greasing, by Country 2023 and 2033(%)
Figure 22. Comparative Share Analysis of Forestry Lubricants Market for Chain Oils/Saw Guide Oils, by Country 2023 and 2033(%)
Figure 23. Comparative Share Analysis of Forestry Lubricants Market for Paper Machine Oils, by Country 2023 and 2033(%)
Figure 24. Comparative Share Analysis of Forestry Lubricants Market for Others, by Country 2023 and 2033(%)
Figure 25. Forestry Lubricants Market by Region, 2023 and 2033(%)
Figure 26. U.S. Forestry Lubricants Market, 2023-2033 ($Million)
Figure 27. Canada Forestry Lubricants Market, 2023-2033 ($Million)
Figure 28. Mexico Forestry Lubricants Market, 2023-2033 ($Million)
Figure 29. Germany Forestry Lubricants Market, 2023-2033 ($Million)
Figure 30. France Forestry Lubricants Market, 2023-2033 ($Million)
Figure 31. UK Forestry Lubricants Market, 2023-2033 ($Million)
Figure 32. Spain Forestry Lubricants Market, 2023-2033 ($Million)
Figure 33. Italy Forestry Lubricants Market, 2023-2033 ($Million)
Figure 34. Rest of Europe Forestry Lubricants Market, 2023-2033 ($Million)
Figure 35. China Forestry Lubricants Market, 2023-2033 ($Million)
Figure 36. India Forestry Lubricants Market, 2023-2033 ($Million)
Figure 37. Japan Forestry Lubricants Market, 2023-2033 ($Million)
Figure 38. South Korea Forestry Lubricants Market, 2023-2033 ($Million)
Figure 39. Australia Forestry Lubricants Market, 2023-2033 ($Million)
Figure 40. Rest of Asia-Pacific Forestry Lubricants Market, 2023-2033 ($Million)
Figure 41. Brazil Forestry Lubricants Market, 2023-2033 ($Million)
Figure 42. South Africa Forestry Lubricants Market, 2023-2033 ($Million)
Figure 43. Saudi Arabia Forestry Lubricants Market, 2023-2033 ($Million)
Figure 44. Rest of LAMEA Forestry Lubricants Market, 2023-2033 ($Million)
Figure 45. Top Winning Strategies, by Year (2021-2021)
Figure 46. Top Winning Strategies, by Development (2021-2021)
Figure 47. Top Winning Strategies, by Company (2021-2021)
Figure 48. Product Mapping of Top 10 Players
Figure 49. Competitive Dashboard
Figure 50. Competitive Heatmap: Forestry Lubricants Market
Figure 51. Top Player Positioning, 2023
Figure 52. Chevron Corporation: Net Revenue, 2021-2023 ($Million)
Figure 53. Chevron Corporation: Revenue Share by Segment, 2023 (%)
Figure 54. Chevron Corporation: Revenue Share by Region, 2023 (%)
Figure 55. Exxon Mobil Corporation: Net Revenue, 2021-2023 ($Million)
Figure 56. Exxon Mobil Corporation: Research & Development Expenditure, 2021-2023 ($Million)
Figure 57. Exxon Mobil Corporation: Revenue Share by Segment, 2023 (%)
Figure 58. Exxon Mobil Corporation: Revenue Share by Region, 2023 (%)
Figure 59. Fuchs: Net Revenue, 2021-2023 ($Million)
Figure 60. Fuchs: Revenue Share by Segment, 2023 (%)
Figure 61. Phillips 66 Company: Net Sales, 2021-2023 ($Million)
Figure 62. Phillips 66 Company: Revenue Share by Segment, 2023 (%)
Figure 63. Phillips 66 Company: Revenue Share by Region, 2023 (%)
Figure 64. Repsol: Net Revenue, 2021-2023 ($Million)
Figure 65. Total Energies: Net Sales, 2021-2023 ($Million)
Figure 66. Total Energies: Revenue Share by Segment, 2023 (%)
Figure 67. Shell PLC: Net Revenue, 2021-2023 ($Million)
Figure 68. Shell PLC: Revenue Share by Segment, 2023 (%)
Figure 69. Shell PLC: Revenue Share by Region, 2023 (%)
Figure 70. Mol Group: Net Revenue, 2021-2023 ($Million)
Figure 71. Mol Group: Revenue Share by Segment, 2023 (%)
Figure 72. Mol Group: Revenue Share by Region, 2023 (%)
Figure 73. Neste: Net Revenue, 2021-2023 ($Million)
Figure 74. Neste: Revenue Share by Segment, 2023 (%)
Figure 75. Neste: Revenue Share by Region, 2023 (%)

Executive Summary

According to the report, titled, “Forestry Lubricants Market," the forestry lubricants market was valued at $4.2 billion in 2021, and is estimated to reach $6.0 billion by 2031, growing at a CAGR of 3.7% from 2022 to 2031.

Global farm mechanization is fueling the forestry lubricants market. Expansions, joint ventures, and acquisitions by several notable players in the forestry lubricants industry are the primary factors driving the forestry lubricants market's growth.

Several farmer subsidy programs are being implemented by governments in growing regions such as Asia-Oceania. For example, in India, the National Agricultural Development Program (NADP) offers farmers subsidies ranging from 30% to 50% for the purchase of agricultural equipment such as harvesters, power sprayers, paddy transplanters, threshers, tractors, power tillers, and other small equipment. This is increasing the use of sophisticated agricultural equipment, which is driving the demand for forestry lubricants and offering chances for its manufacturers, allowing them to expand their operations globally. Furthermore, the COVID-19 situation had a negative impact on the business due to severe lockdown requirements and the shutdown of certain end-use industries. This factor hampered the growth of forestry lubricants market. In addition, it is anticipated that the adoption of regulations and an increase in government funding on R&D and product type innovation would open up lucrative opportunities for the expansion of the forestry lubricants market.

The global forestry lubricants market is segmented into product type, application, and region. On the basis of product type, it is categorized into synthetic, synthetic blend, bio-based, mineral and others. On the basis of application, it is categorized into engine, transmission & gears, hydraulics, greasing, chain oils/saw guide oils, paper machine oils and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global forestry lubricants market are Behran Oil Co., Chevron Corporation, Cortec Corporation, Elba Lubes, Exol Lubricants Limited, Exxon Mobil Corporation, Frontier Performance Lubricants Inc, FUCHS, Kluber Lubrication, Penine Lubricants, Phillips 66 Company, Repsol, Rymax Lubricants, Shell Plc, and TotalEnergies.

Other players operating in the forestry lubricants market are Petro Canada Lubricants, Petronas Lubricants International (PLI), Klondike Lubricants Corporation, and Bioblend Renewable Resources.

Key Findings of the Study

  • On the basis of product type, the bio-based segment is expected to grow at a CAGR of 4.9%, in terms of revenue, during the forecast period.
  • Depending on application, the others segment is expected to grow at a CAGR of 4.3%, in terms of revenue, during the forecast period.
  • By region, Asia-Pacific dominated the market with highest revenue shares of $1,659.8 million in 2021.

COVID-19 Impact on the Market

  • The COVID-19 outbreak impacted the forestry lubricant market negatively. The market witnessed a sharp decline in the demand for forestry lubricant from end-use industry such as automobile.
  • Due to the lockdown and shutdown of production factories, the COVID-19 pandemic had a negative impact on market demand.
  • Due to the outbreak of the COVID-19 pandemic, all the forestry related activities were either suspended or stopped owing to the lockdown imposed by various government to prevent the virus from spreading. This has decreased the demand for forestry lubricants.
  • However, after the pandemic the forestry activities are back to its normal condition which will drive the demand for forestry lubricant during forecasted period.

Companies Mentioned

  • Chevron Corporation
  • CONDAT Group
  • Cortec Corporation
  • Exol Lubricants Limited
  • Exxon Mobil Corporation
  • Frontier Performance Lubricants INC.
  • FUCHS
  • Matrix Specialty Lubricants
  • MOL Group
Morris Lubricants
  • Neste
  • Penine Lubricants
  • Petro?Canada Lubricants Inc
  • Phillips 66 Company
  • Repsol
  • Rymax Lubricants
  • Shell plc
  • THERMAL-LUBE, INC
  • Total Energies
  • Zeller+Gmelin

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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