Off-highway Brake Oil Aftermarket Market

Off-highway Brake Oil Aftermarket (Oil Type: Petroleum and Non-petroleum; and Product Type: DOT 3, DOT 4, DOT 5, DOT 5.1, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Off-highway Brake Oil Aftermarket Outlook 2017‒2031

  • The global industry was valued at US$ 17.5 Bn in 2022
  • It is estimated to grow at a CAGR of 4.3% from 2023 to 2031 and reach US$ 25.2 Bn by the end of 2031

Analysts’ Viewpoint

Increase in demand for off-highway vehicles and equipment in various industries, such as mining, agriculture, and construction, is augmenting the global off-highway brake oil aftermarket. Enactment of stringent safety regulations on off-highway vehicles and equipment is also boosting the demand for aftermarket brake oil across the globe. The global off-highway brake oil aftermarket is also driven by factors such as technological innovation and growth in need for reliable and efficient braking systems in off-highway vehicles and equipment.

Key players operating in the market are focusing on providing their customers with a diverse, cost-effective, and performance driven product portfolio. They are adopting strategies such as mergers and acquisitions and new product development to increase their off-highway brake oil aftermarket share.

Off Highway Brake Oil Aftermarket Market

Off-highway Brake Oil Aftermarket Overview

Brake oil plays a crucial role in ensuring the proper functioning of braking systems in off-highway vehicles and equipment. It is responsible for transmitting hydraulic pressure to engage and disengage brakes, thus enabling safe and reliable operation.

The aftermarket sector focuses on providing replacement brake oil products and related services for maintenance, repair, and upgrade of off-highway vehicle braking systems. Growth in the global construction sector, rise in agricultural activities, increase in mining operations, and surge in infrastructure development projects are boosting the off-highway brake oil aftermarket size.

Vehicle owners and operators need to use brake oil that meets the strict safety standards imposed by governments and regulatory bodies. This is creating opportunities for aftermarket providers who offer a range of brake oil products that adhere to safety regulations and provide optimal performance.

Continuous advancements in brake oil composition and formulation to improve performance, longevity, and environmental sustainability are fueling market development.

Expansion of Off-highway Vehicle Industry Boosting Off-highway Brake Oil Aftermarket

Increase in construction activities, infrastructure development, and growth in agriculture and mining sectors are primary factors leading to market expansion. Off-highway vehicles and equipment require regular maintenance and repair to ensure optimal performance and safety. Brake oil replacement is an essential part of this maintenance process. This is driving the off-highway brake oil aftermarket growth.

Expansion in construction, agriculture, mining, and other off-highway sectors has resulted in an increase in operating hours of vehicles and equipment. This extended usage puts additional strain on braking systems, which require regular maintenance and replacement of brake oil. The aftermarket sector plays a crucial role in meeting these maintenance needs by providing readily available brake oil products.

Rise in off-highway brake oil aftermarket demand has led to an increase in competition among manufacturers and suppliers. This competition is driving innovation and technological advancements in off-highway braking systems, positively influencing the off-highway brake oil aftermarket dynamics and creating a demand for corresponding brake oil solutions in the aftermarket.

Enactment of Stringent Safety Regulations Driving Market Progress

Off-highway vehicles operate in challenging environments and are subjected to heavy loads and demanding conditions. Therefore, brake systems must function reliably to ensure operator safety and prevention of accidents.

Brake fluid for off-highway vehicles that meets safety regulations and performance standards is crucial in maintaining the proper functioning of braking systems. The aftermarket sector provides a range of brake oil options designed to deliver the necessary safety and reliability.

Governments and regulatory bodies worldwide have imposed stringent safety regulations on off-highway vehicles and equipment. These regulations include specific requirements for braking systems, including the usage of recommended brake oil. Vehicle owners and operators need aftermarket brake oil products that meet the specified standards to comply with these regulations.

High Demand for Non-petroleum Brake Oil

The off-highway brake oil aftermarket segmentation comprises petroleum and non-petroleum type of oil. Non-petroleum brake oils, such as synthetic or silicone-based oils, are often preferred in off-highway applications due to their superior environmental characteristics.

Non-petroleum brake oils are biodegradable and non-toxic. They have a low impact on the environment compared to petroleum-based brake oils. Implementation of strict environmental regulations and increase in focus on sustainability have led to a shift toward non-petroleum alternatives in the off-highway sector.

Non-petroleum brake oils offer improved performance and durability compared to petroleum-based counterparts. They possess higher boiling point, better temperature stability, and increased resistance to oxidation, corrosion, and degradation. This makes them suitable for demanding off-highway applications that involve heavy loads, high temperatures, and harsh operating conditions.

Non-petroleum brake oils provide consistent and reliable braking performance, thus ensuring safety and operational efficiency of off-highway vehicles. These oils generally have a longer service life compared to petroleum-based oils. They exhibit better lubricity and improved thermal stability, thus resulting in reduced wear and tear of braking components. This translates into longer intervals between maintenance and replacement, thereby leading to cost savings and increase in operational uptime for off-highway vehicles.

Growth in Mining Industry Bolstering Market Statistics

The mining industry held prominent share of the global market in 2022. Heavy machinery and equipment is used in the mining sector to carry out various tasks, including excavation, transportation of materials, and resource extraction.

Off-road vehicles such as large haul trucks, excavators, and loaders play a key role in mining operations due to their robustness, capacity, and ability to operate in challenging terrains. Demand for off-road vehicles in the mining sector is driven by the need to handle large volume of materials efficiently and effectively.

Mining operations often take place in remote locations with rugged terrains, uneven surfaces, and difficult environmental conditions. Off-road vehicles are designed to navigate and operate in such challenging terrains, thus providing the necessary traction, stability, and durability required for mining activities.

Off-road vehicles can handle rough and unpaved surfaces, steep inclines, and adverse weather conditions. Therefore, these vehicles are well-suited for mining operations.

Regional Outlook

North America has a mature off-highway vehicle market with significant demand for brake oil aftermarket products and services. Implementation of stringent safety regulations is driving the demand for brake oil in the region. Technological advancements such as electric and hybrid off-highway vehicles are creating lucrative opportunities for specialized brake oil solutions in the aftermarket.

The off-highway vehicle market in Europe, particularly in countries such as Germany, France, and the U.K., is well established. Off-highway brake oil aftermarket trends in the region include advancements in brake oil technology and integration of telematics for enhanced maintenance and servicing.

According to the off-highway brake oil aftermarket analysis, Asia Pacific is a rapidly growing region for off-highway vehicles, driven by infrastructure development, urbanization, and agricultural activities. Increase in safety regulations and government initiatives to improve occupational safety are propelling the demand for brake oil aftermarket products. Presence of a large manufacturing base and expansion in the aftermarket service sector are contributing to market growth in Asia Pacific.

Analysis of Key Players

The global landscape is consolidated, with a limited number of manufacturers that control major share. These companies are striving to introduce advanced lubrication fluids to strengthen their client base. Expansion of product offerings and merger and acquisitions are key strategies adopted by prominent vendors in the brake oil aftermarket for off-highway vehicles.

Some of the leading companies in the off-highway brake oil aftermarket are BRB International BV, Halron Lubricants Inc., Lukoil Lubricants Company, Phillips 66 Lubricants, Copton, Caltex, Exxon Mobil, Chevron Corporation, BP plc., Delian Group, Fuchs, Castrol Limited, Jilin Hairun, Irico Group, Shenzhen Pingchi Industry Co, Royal Dutch Shell plc., Indian Oil Corporation Limited, Sinopec, Total S. A., Zhuhai Gaida Shiye, and Tianjin Xuqi Gongmao.

Key Market Developments

  • In November 2021, Halron Lubricants Inc. acquired Perkins Oil Company. The headquarters of this merged company was established in Green Bay, WI. It has five distribution centers located each in Green Bay, Madison, Milwaukee, Sparta, and Wisconsin.
  • In March 2020, ExxonMobil announced the acquisition of the Agip lubricants business from ENI, an Italy-based multinational oil & gas company

Each of these players has been profiled in the global off-highway brake oil aftermarket report based on parameters such as company overview, business strategies, financial overview, product portfolio, business segments, and recent developments.

Market Snapshot

Attribute Detail

Market Value in 2022

US$ 17.5 Bn

Market Forecast Value in 2031

US$ 25.2 Bn

Growth Rate (CAGR)

4.3%

Forecast Period

2023-2031

Quantitative Units

US$ Bn for Value

Market Analysis

Qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces Analysis, value chain analysis, and key trend analysis

Competition Landscape

  • Market share analysis by company
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Oil Type
    • Petroleum
    • Non-petroleum
  • Industry
    • Mining
    • Construction
    • Agriculture
  • Product Type
    • DOT 3
    • DOT 4
    • DOT 5
    • DOT 5.1
    • Others
  • Vehicle Type
    • Construction & Mining Equipment
      • Excavators
      • Backhoe Loaders
      • Dumpers
      • Bulldozers
      • Road Rollers
      • Mixer Trucks
      • Forestry Equipment
      • Others
    • Agriculture
      • Agriculture Equipment
      • Tractor
    • Material Handling Vehicles
    • Military Vehicles

Regions Covered

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

Countries Covered

  • U.S.
  • Canada
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Nordic Countries
  • Russia & CIS
  • Japan
  • China
  • India
  • ASEAN
  • South Korea
  • ANZ
  • GCC
  • South Africa
  • Turkey
  • Brazil
  • Argentina

Companies Profile

  • BRB International BV
  • Halron Lubricants Inc.
  • Lukoil Lubricants Company
  • Phillips 66 Lubricants
  • Copton
  • CNPC
  • Caltex
  • Exxon Mobil
  • Chevron Corporation
  • BP plc.
  • Delian Group
  • Fuchs
  • Castrol Limited
  • Jilin Hairun
  • Irico Group
  • Shenzhen Pingchi Industry Co
  • Royal Dutch Shell plc.
  • Indian Oil Corporation Limited
  • Sinopec
  • Total S. A.
  • Teec
  • Zhuhai Gaida Shiye
  • Tianjin Xuqi Gongmao

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the off-highway brake oil aftermarket in 2022?

It was valued at US$ 17.5 Bn in 2022

How big is the global aftermarket for off-highway brake oil expected to be by 2031?

It is estimated to reach US$ 25.2 Bn in 2031

How much CAGR is the aftermarket business for off-highway brake oil projected to register during the forecast period?

The CAGR is likely to be 4.3% from 2023 to 2031

Which industry is projected to drive the global aftermarket for off-highway brake oil?

The mining industry is expected to dominate the global demand

Which oil segment accounted for the largest share in 2022?

The non-petroleum segment accounted for major share in 2022

Which region is most lucrative for off-highway brake oil?

North America is a highly lucrative region for off-highway brake oil

Who are the prominent off-highway brake oil aftermarket players?

BRB International BV, Halron Lubricants Inc., Lukoil Lubricants Company, Phillips 66 Lubricants, Copton, Caltex, Exxon Mobil, Chevron Corporation, BP plc., Delian Group, Fuchs, Castrol Limited, Jilin Hairun, Irico Group, Shenzhen Pingchi Industry Co, Royal Dutch Shell plc., Indian Oil Corporation Limited, Sinopec, Total S. A., Zhuhai Gaida Shiye, and Tianjin Xuqi Gongmao

    1. Executive Summary

        1.1. Global Market Outlook

            1.1.1. Market Value US$ Bn, 2017-2031

        1.2. Go to Market Strategy

            1.2.1. Demand & Supply Side Trends

                1.2.1.1. GAP Analysis

            1.2.2. Identification of Potential Market Spaces

            1.2.3. Understanding Buying Process of Customers

            1.2.4. Preferred Sales & Marketing Strategy

    2. Market Overview

        2.1. TMR Analysis and Recommendations

        2.2. Market Coverage/Taxonomy

        2.3. Market Definition/Scope/Limitations

        2.4. Market Dynamics

            2.4.1. Drivers

            2.4.2. Restraints

            2.4.3. Opportunity

        2.5. Market Factor Analysis

            2.5.1. Porter’s Five Force Analysis

            2.5.2. SWOT Analysis

        2.6. Regulatory Scenario

        2.7. Key Trend Analysis

        2.8. Value Chain Analysis

    3. Pricing Analysis

        3.1. Cost Structure Analysis

        3.2. Profit Margin Analysis

    4. Impact Factors

        4.1. Regulatory Norms

        4.2. Emergence of Electric Vehicle

    5. Global Off-highway Brake Oil Aftermarket, By Oil Type

        5.1. Market Snapshot

            5.1.1. Introduction, Definition, and Key Findings

            5.1.2. Market Growth & Y-o-Y Projections

            5.1.3. Base Point Share Analysis

        5.2. Global Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Oil Type, 2017-2031

            5.2.1. Petroleum

            5.2.2. Non-petroleum

    6. Global Off-highway Brake Oil Aftermarket, By Industry

        6.1. Market Snapshot

            6.1.1. Introduction, Definition, and Key Findings

            6.1.2. Market Growth & Y-o-Y Projections

            6.1.3. Base Point Share Analysis

        6.2. Global Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Industry, 2017-2031

            6.2.1. Mining

            6.2.2. Construction

            6.2.3. Agriculture

    7. Global Off-highway Brake Oil Aftermarket, By Product Type

        7.1. Market Snapshot

            7.1.1. Introduction, Definition, and Key Findings

            7.1.2. Market Growth & Y-o-Y Projections

            7.1.3. Base Point Share Analysis

        7.2. Global Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Product Type, 2017-2031

            7.2.1. DOT 3

            7.2.2. DOT 4

            7.2.3. DOT 5

            7.2.4. DOT 5.1

            7.2.5. Others

    8. Global Off-highway Brake Oil Aftermarket, By Vehicle Type

        8.1. Market Snapshot

            8.1.1. Introduction, Definition, and Key Findings

            8.1.2. Market Growth & Y-o-Y Projections

            8.1.3. Base Point Share Analysis

        8.2. Global Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Vehicle Type, 2017-2031

            8.2.1. Construction & Mining Equipment

                8.2.1.1. Excavators

                8.2.1.2. Backhoe Loaders

                8.2.1.3. Dumpers

                8.2.1.4. Bulldozers

                8.2.1.5. Road Rollers

                8.2.1.6. Mixer Trucks

                8.2.1.7. Forestry Equipment

                8.2.1.8. Others

            8.2.2. Agriculture

                8.2.2.1. Agriculture Equipment

                8.2.2.2. Tractor

            8.2.3. Material Handling Vehicles

            8.2.4. Military Vehicles

    9. Global Off-highway Brake Oil Aftermarket, By Region

        9.1. Market Snapshot

            9.1.1. Introduction, Definition, and Key Findings

            9.1.2. Market Growth & Y-o-Y Projections

            9.1.3. Base Point Share Analysis

        9.2. Global Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Region, 2017-2031

            9.2.1. North America

            9.2.2. Europe

            9.2.3. Asia Pacific

            9.2.4. Middle East & Africa

            9.2.5. South America

    10. North America Off-highway Brake Oil Aftermarket

        10.1. Market Snapshot

        10.2. North America Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Oil Type, 2017-2031

            10.2.1. Petroleum

            10.2.2. Non-petroleum

        10.3. North America Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Industry, 2017-2031

            10.3.1. Mining

            10.3.2. Construction

            10.3.3. Agriculture

        10.4. North America Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Product Type, 2017-2031

            10.4.1. DOT 3

            10.4.2. DOT 4

            10.4.3. DOT 5

            10.4.4. DOT 5.1

            10.4.5. Others

        10.5. North America Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Vehicle Type, 2017-2031

            10.5.1. Construction & Mining Equipment

                10.5.1.1. Excavators

                10.5.1.2. Backhoe Loaders

                10.5.1.3. Dumpers

                10.5.1.4. Bulldozers

                10.5.1.5. Road Rollers

                10.5.1.6. Mixer Trucks

                10.5.1.7. Forestry Equipment

                10.5.1.8. Others

            10.5.2. Agriculture

                10.5.2.1. Agriculture Equipment

                10.5.2.2. Tractor

            10.5.3. Material Handling Vehicles

            10.5.4. Military Vehicles

        10.6. Key Country Analysis - North America Off-highway Brake Oil Aftermarket Size Analysis & Forecast, 2017-2031

            10.6.1. U.S.

            10.6.2. Canada

            10.6.3. Mexico

    11. Europe Off-highway Brake Oil Aftermarket

        11.1. Market Snapshot

        11.2. Europe Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Oil Type, 2017-2031

            11.2.1. Petroleum

            11.2.2. Non-petroleum

        11.3. Europe Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Industry, 2017-2031

            11.3.1. Mining

            11.3.2. Construction

            11.3.3. Agriculture

        11.4. Europe Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Product Type, 2017-2031

            11.4.1. DOT 3

            11.4.2. DOT 4

            11.4.3. DOT 5

            11.4.4. DOT 5.1

            11.4.5. Others

        11.5. Europe Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Vehicle Type, 2017-2031

            11.5.1. Construction & Mining Equipment

                11.5.1.1. Excavators

                11.5.1.2. Backhoe Loaders

                11.5.1.3. Dumpers

                11.5.1.4. Bulldozers

                11.5.1.5. Road Rollers

                11.5.1.6. Mixer Trucks

                11.5.1.7. Forestry Equipment

                11.5.1.8. Others

            11.5.2. Agriculture

                11.5.2.1. Agriculture Equipment

                11.5.2.2. Tractor

            11.5.3. Material Handling Vehicles

            11.5.4. Military Vehicles

        11.6. Key Country/Sub-region Analysis - Europe Off-highway Brake Oil Aftermarket Size Analysis & Forecast, 2017-2031

            11.6.1. Germany

            11.6.2. U.K.

            11.6.3. France

            11.6.4. Italy

            11.6.5. Spain

            11.6.6. Nordic Countries

            11.6.7. Russia & CIS

            11.6.8. Rest of Europe

    12. Asia Pacific Off-highway Brake Oil Aftermarket

        12.1. Market Snapshot

        12.2. Asia Pacific Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Oil Type, 2017-2031

            12.2.1. Petroleum

            12.2.2. Non-petroleum

        12.3. Asia Pacific Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Industry, 2017-2031

            12.3.1. Mining

            12.3.2. Construction

            12.3.3. Agriculture

        12.4. Asia Pacific Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Product Type, 2017-2031

            12.4.1. DOT 3

            12.4.2. DOT 4

            12.4.3. DOT 5

            12.4.4. DOT 5.1

            12.4.5. Others

        12.5. Asia Pacific Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Vehicle Type, 2017-2031

            12.5.1. Construction & Mining Equipment

                12.5.1.1. Excavators

                12.5.1.2. Backhoe Loaders

                12.5.1.3. Dumpers

                12.5.1.4. Bulldozers

                12.5.1.5. Road Rollers

                12.5.1.6. Mixer Trucks

                12.5.1.7. Forestry Equipment

                12.5.1.8. Others

            12.5.2. Agriculture

                12.5.2.1. Agriculture Equipment

                12.5.2.2. Tractor

            12.5.3. Material Handling Vehicles

            12.5.4. Military Vehicles

        12.6. Key Country/Sub-region Analysis - Asia Pacific Off-highway Brake Oil Aftermarket Size Analysis & Forecast, 2017-2031

            12.6.1. China

            12.6.2. India

            12.6.3. Japan

            12.6.4. ASEAN Countries

            12.6.5. South Korea

            12.6.6. ANZ

            12.6.7. Rest of Asia Pacific

    13. Middle East & Africa Off-highway Brake Oil Aftermarket

        13.1. Market Snapshot

        13.2. Middle East & Africa Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Oil Type, 2017-2031

            13.2.1. Petroleum

            13.2.2. Non-petroleum

        13.3. Middle East & Africa Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Industry, 2017-2031

            13.3.1. Mining

            13.3.2. Construction

            13.3.3. Agriculture

        13.4. Middle East & Africa Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Product Type, 2017-2031

            13.4.1. DOT 3

            13.4.2. DOT 4

            13.4.3. DOT 5

            13.4.4. DOT 5.1

            13.4.5. Others

        13.5. Middle East & Africa Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Vehicle Type, 2017-2031

            13.5.1. Construction & Mining Equipment

                13.5.1.1. Excavators

                13.5.1.2. Backhoe Loaders

                13.5.1.3. Dumpers

                13.5.1.4. Bulldozers

                13.5.1.5. Road Rollers

                13.5.1.6. Mixer Trucks

                13.5.1.7. Forestry Equipment

                13.5.1.8. Others

            13.5.2. Agriculture

                13.5.2.1. Agriculture Equipment

                13.5.2.2. Tractor

            13.5.3. Material Handling Vehicles

            13.5.4. Military Vehicles

        13.6. Key Country/Sub-region Analysis - Middle East & Africa Off-highway Brake Oil Aftermarket Size Analysis & Forecast, 2017-2031

            13.6.1. GCC

            13.6.2. South Africa

            13.6.3. Turkey

            13.6.4. Rest of Middle East & Africa

    14. South America Off-highway Brake Oil Aftermarket

        14.1. Market Snapshot

        14.2. South America Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Oil Type, 2017-2031

            14.2.1. Petroleum

            14.2.2. Non-petroleum

        14.3. South America Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Industry, 2017-2031

            14.3.1. Mining

            14.3.2. Construction

            14.3.3. Agriculture

        14.4. South America Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Product Type, 2017-2031

            14.4.1. DOT 3

            14.4.2. DOT 4

            14.4.3. DOT 5

            14.4.4. DOT 5.1

            14.4.5. Others

        14.5. South America Off-highway Brake Oil Aftermarket Size Analysis & Forecast, By Vehicle Type, 2017-2031

            14.5.1. Construction & Mining Equipment

                14.5.1.1. Excavators

                14.5.1.2. Backhoe Loaders

                14.5.1.3. Dumpers

                14.5.1.4. Bulldozers

                14.5.1.5. Road Rollers

                14.5.1.6. Mixer Trucks

                14.5.1.7. Forestry Equipment

                14.5.1.8. Others

            14.5.2. Agriculture

                14.5.2.1. Agriculture Equipment

                14.5.2.2. Tractor

            14.5.3. Material Handling Vehicles

            14.5.4. Military Vehicles

        14.6. Key Country/Sub-region Analysis - South America Off-highway Brake Oil Aftermarket Size Analysis & Forecast, 2017-2031

            14.6.1. Brazil

            14.6.2. Argentina

            14.6.3. Rest of South America

    15. Competitive Landscape

        15.1. Company Share Analysis/Brand Share Analysis, 2022

        15.2. Company Analysis (Company Overview, Company Footprints, Production Locations, Product Portfolio, Competitors & Customers, Subsidiaries & Parent Organization, Recent Developments, Financial Analysis, Profitability, and Revenue Share)

    16. Company Profile/Key Players

        16.1. BRB International BV

            16.1.1. Company Overview

            16.1.2. Company Footprints

            16.1.3. Production Locations

            16.1.4. Product Portfolio

            16.1.5. Competitors & Customers

            16.1.6. Subsidiaries & Parent Organization

            16.1.7. Recent Developments

            16.1.8. Financial Analysis

            16.1.9. Profitability

            16.1.10. Revenue Share

        16.2. Halron Lubricants Inc.

            16.2.1. Company Overview

            16.2.2. Company Footprints

            16.2.3. Production Locations

            16.2.4. Product Portfolio

            16.2.5. Competitors & Customers

            16.2.6. Subsidiaries & Parent Organization

            16.2.7. Recent Developments

            16.2.8. Financial Analysis

            16.2.9. Profitability

            16.2.10. Revenue Share

        16.3. Lukoil Lubricants Company

            16.3.1. Company Overview

            16.3.2. Company Footprints

            16.3.3. Production Locations

            16.3.4. Product Portfolio

            16.3.5. Competitors & Customers

            16.3.6. Subsidiaries & Parent Organization

            16.3.7. Recent Developments

            16.3.8. Financial Analysis

            16.3.9. Profitability

            16.3.10. Revenue Share

        16.4. Phillips 66 Lubricants

            16.4.1. Company Overview

            16.4.2. Company Footprints

            16.4.3. Production Locations

            16.4.4. Product Portfolio

            16.4.5. Competitors & Customers

            16.4.6. Subsidiaries & Parent Organization

            16.4.7. Recent Developments

            16.4.8. Financial Analysis

            16.4.9. Profitability

            16.4.10. Revenue Share

        16.5. Copton

            16.5.1. Company Overview

            16.5.2. Company Footprints

            16.5.3. Production Locations

            16.5.4. Product Portfolio

            16.5.5. Competitors & Customers

            16.5.6. Subsidiaries & Parent Organization

            16.5.7. Recent Developments

            16.5.8. Financial Analysis

            16.5.9. Profitability

            16.5.10. Revenue Share

        16.6. Cnpc

            16.6.1. Company Overview

            16.6.2. Company Footprints

            16.6.3. Production Locations

            16.6.4. Product Portfolio

            16.6.5. Competitors & Customers

            16.6.6. Subsidiaries & Parent Organization

            16.6.7. Recent Developments

            16.6.8. Financial Analysis

            16.6.9. Profitability

            16.6.10. Revenue Share

        16.7. Caltex

            16.7.1. Company Overview

            16.7.2. Company Footprints

            16.7.3. Production Locations

            16.7.4. Product Portfolio

            16.7.5. Competitors & Customers

            16.7.6. Subsidiaries & Parent Organization

            16.7.7. Recent Developments

            16.7.8. Financial Analysis

            16.7.9. Profitability

            16.7.10. Revenue Share

        16.8. Exxon Mobil

            16.8.1. Company Overview

            16.8.2. Company Footprints

            16.8.3. Production Locations

            16.8.4. Product Portfolio

            16.8.5. Competitors & Customers

            16.8.6. Subsidiaries & Parent Organization

            16.8.7. Recent Developments

            16.8.8. Financial Analysis

            16.8.9. Profitability

            16.8.10. Revenue Share

        16.9. Chevron Corporation

            16.9.1. Company Overview

            16.9.2. Company Footprints

            16.9.3. Production Locations

            16.9.4. Product Portfolio

            16.9.5. Competitors & Customers

            16.9.6. Subsidiaries & Parent Organization

            16.9.7. Recent Developments

            16.9.8. Financial Analysis

            16.9.9. Profitability

            16.9.10. Revenue Share

        16.10. BP plc.

            16.10.1. Company Overview

            16.10.2. Company Footprints

            16.10.3. Production Locations

            16.10.4. Product Portfolio

            16.10.5. Competitors & Customers

            16.10.6. Subsidiaries & Parent Organization

            16.10.7. Recent Developments

            16.10.8. Financial Analysis

            16.10.9. Profitability

            16.10.10. Revenue Share

        16.11. Delian Group

            16.11.1. Company Overview

            16.11.2. Company Footprints

            16.11.3. Production Locations

            16.11.4. Product Portfolio

            16.11.5. Competitors & Customers

            16.11.6. Subsidiaries & Parent Organization

            16.11.7. Recent Developments

            16.11.8. Financial Analysis

            16.11.9. Profitability

            16.11.10. Revenue Share

        16.12. Fuchs

            16.12.1. Company Overview

            16.12.2. Company Footprints

            16.12.3. Production Locations

            16.12.4. Product Portfolio

            16.12.5. Competitors & Customers

            16.12.6. Subsidiaries & Parent Organization

            16.12.7. Recent Developments

            16.12.8. Financial Analysis

            16.12.9. Profitability

            16.12.10. Revenue Share

        16.13. Castrol Limited

            16.13.1. Company Overview

            16.13.2. Company Footprints

            16.13.3. Production Locations

            16.13.4. Product Portfolio

            16.13.5. Competitors & Customers

            16.13.6. Subsidiaries & Parent Organization

            16.13.7. Recent Developments

            16.13.8. Financial Analysis

            16.13.9. Profitability

            16.13.10. Revenue Share

        16.14. Jilin Hairun

            16.14.1. Company Overview

            16.14.2. Company Footprints

            16.14.3. Production Locations

            16.14.4. Product Portfolio

            16.14.5. Competitors & Customers

            16.14.6. Subsidiaries & Parent Organization

            16.14.7. Recent Developments

            16.14.8. Financial Analysis

            16.14.9. Profitability

            16.14.10. Revenue Share

        16.15. Irico Group

            16.15.1. Company Overview

            16.15.2. Company Footprints

            16.15.3. Production Locations

            16.15.4. Product Portfolio

            16.15.5. Competitors & Customers

            16.15.6. Subsidiaries & Parent Organization

            16.15.7. Recent Developments

            16.15.8. Financial Analysis

            16.15.9. Profitability

            16.15.10. Revenue Share

        16.16. Shenzhen Pingchi Industry Co

            16.16.1. Company Overview

            16.16.2. Company Footprints

            16.16.3. Production Locations

            16.16.4. Product Portfolio

            16.16.5. Competitors & Customers

            16.16.6. Subsidiaries & Parent Organization

            16.16.7. Recent Developments

            16.16.8. Financial Analysis

            16.16.9. Profitability

            16.16.10. Revenue Share

        16.17. Royal Dutch Shell plc.

            16.17.1. Company Overview

            16.17.2. Company Footprints

            16.17.3. Production Locations

            16.17.4. Product Portfolio

            16.17.5. Competitors & Customers

            16.17.6. Subsidiaries & Parent Organization

            16.17.7. Recent Developments

            16.17.8. Financial Analysis

            16.17.9. Profitability

            16.17.10. Revenue Share

        16.18. Indian Oil Corporation Limited

            16.18.1. Company Overview

            16.18.2. Company Footprints

            16.18.3. Production Locations

            16.18.4. Product Portfolio

            16.18.5. Competitors & Customers

            16.18.6. Subsidiaries & Parent Organization

            16.18.7. Recent Developments

            16.18.8. Financial Analysis

            16.18.9. Profitability

            16.18.10. Revenue Share

        16.19. Sinopec

            16.19.1. Company Overview

            16.19.2. Company Footprints

            16.19.3. Production Locations

            16.19.4. Product Portfolio

            16.19.5. Competitors & Customers

            16.19.6. Subsidiaries & Parent Organization

            16.19.7. Recent Developments

            16.19.8. Financial Analysis

            16.19.9. Profitability

            16.19.10. Revenue Share

        16.20. Total S. A.

            16.20.1. Company Overview

            16.20.2. Company Footprints

            16.20.3. Production Locations

            16.20.4. Product Portfolio

            16.20.5. Competitors & Customers

            16.20.6. Subsidiaries & Parent Organization

            16.20.7. Recent Developments

            16.20.8. Financial Analysis

            16.20.9. Profitability

            16.20.10. Revenue Share

        16.21. Teec

            16.21.1. Company Overview

            16.21.2. Company Footprints

            16.21.3. Production Locations

            16.21.4. Product Portfolio

            16.21.5. Competitors & Customers

            16.21.6. Subsidiaries & Parent Organization

            16.21.7. Recent Developments

            16.21.8. Financial Analysis

            16.21.9. Profitability

            16.21.10. Revenue Share

        16.22. Zhuhai Gaida Shiye

            16.22.1. Company Overview

            16.22.2. Company Footprints

            16.22.3. Production Locations

            16.22.4. Product Portfolio

            16.22.5. Competitors & Customers

            16.22.6. Subsidiaries & Parent Organization

            16.22.7. Recent Developments

            16.22.8. Financial Analysis

            16.22.9. Profitability

            16.22.10. Revenue Share

        16.23. Tianjin Xuqi Gongmao

            16.23.1. Company Overview

            16.23.2. Company Footprints

            16.23.3. Production Locations

            16.23.4. Product Portfolio

            16.23.5. Competitors & Customers

            16.23.6. Subsidiaries & Parent Organization

            16.23.7. Recent Developments

            16.23.8. Financial Analysis

            16.23.9. Profitability

            16.23.10. Revenue Share

        16.24. Other Key Players

            16.24.1. Company Overview

            16.24.2. Company Footprints

            16.24.3. Production Locations

            16.24.4. Product Portfolio

            16.24.5. Competitors & Customers

            16.24.6. Subsidiaries & Parent Organization

            16.24.7. Recent Developments

            16.24.8. Financial Analysis

            16.24.9. Profitability

            16.24.10. Revenue Share

    List of Tables

    Table 1: Global Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Oil Type, 2017‒2031

    Table 2: Global Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Industry, 2017‒2031

    Table 3: Global Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Product Type, 2017‒2031

    Table 4: Global Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031

    Table 5: Global Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Region, 2017‒2031

    Table 6: North America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Oil Type, 2017‒2031

    Table 7: North America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Industry, 2017‒2031

    Table 8: North America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Product Type, 2017‒2031

    Table 9: North America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031

    Table 10: North America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Country, 2017‒2031

    Table 11: Europe Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Oil Type, 2017‒2031

    Table 12: Europe Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Industry, 2017‒2031

    Table 13: Europe Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Product Type, 2017‒2031

    Table 14: Europe Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031

    Table 15: Europe Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Country/Sub-region, 2017‒2031

    Table 16: Asia Pacific Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Oil Type, 2017‒2031

    Table 17: Asia Pacific Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Industry, 2017‒2031

    Table 18: Asia Pacific Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Product Type, 2017‒2031

    Table 19: Asia Pacific Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031

    Table 20: Asia Pacific Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Country/Sub-region, 2017‒2031

    Table 21: Middle East & Africa Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Oil Type, 2017‒2031

    Table 22: Middle East & Africa Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Industry, 2017‒2031

    Table 23: Middle East & Africa Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Product Type, 2017‒2031

    Table 24: Middle East & Africa Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031

    Table 25: Middle East & Africa Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Country/Sub-region, 2017‒2031

    Table 26: South America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Oil Type, 2017‒2031

    Table 27: South America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Industry, 2017‒2031

    Table 28: South America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Product Type, 2017‒2031

    Table 29: South America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031

    Table 30: South America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Country/Sub-region, 2017‒2031

    List of Figures

    Figure 1: Global Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Oil Type, 2017-2031

    Figure 2: Global Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Oil Type, Value (US$ Bn), 2023-2031

    Figure 3: Global Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Industry, 2017-2031

    Figure 4: Global Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Industry, Value (US$ Bn), 2023-2031

    Figure 5: Global Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Product Type, 2017-2031

    Figure 6: Global Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Product Type, Value (US$ Bn), 2023-2031

    Figure 7: Global Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031

    Figure 8: Global Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2023-2031

    Figure 9: Global Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Region, 2017-2031

    Figure 10: Global Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Region, Value (US$ Bn), 2023-2031

    Figure 11: North America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Oil Type, 2017-2031

    Figure 12: North America Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Oil Type, Value (US$ Bn), 2023-2031

    Figure 13: North America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Industry, 2017-2031

    Figure 14: North America Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Industry, Value (US$ Bn), 2023-2031

    Figure 15: North America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Product Type, 2017-2031

    Figure 16: North America Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Product Type, Value (US$ Bn), 2023-2031

    Figure 17: North America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031

    Figure 18: North America Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2023-2031

    Figure 19: North America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Country, 2017-2031

    Figure 20: North America Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Country, Value (US$ Bn), 2023-2031

    Figure 21: Europe Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Oil Type, 2017-2031

    Figure 22: Europe Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Oil Type, Value (US$ Bn), 2023-2031

    Figure 23: Europe Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Industry, 2017-2031

    Figure 24: Europe Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Industry, Value (US$ Bn), 2023-2031

    Figure 25: Europe Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Product Type, 2017-2031

    Figure 26: Europe Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Product Type, Value (US$ Bn), 2023-2031

    Figure 27: Europe Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031

    Figure 28: Europe Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2023-2031

    Figure 29: Europe Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Country/Sub-region, 2017-2031

    Figure 30: Europe Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Country/Sub-region, Value (US$ Bn), 2023-2031

    Figure 31: Asia Pacific Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Oil Type, 2017-2031

    Figure 32: Asia Pacific Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Oil Type, Value (US$ Bn), 2023-2031

    Figure 33: Asia Pacific Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Industry, 2017-2031

    Figure 34: Asia Pacific Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Industry, Value (US$ Bn), 2023-2031

    Figure 35: Asia Pacific Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Product Type, 2017-2031

    Figure 36: Asia Pacific Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Product Type, Value (US$ Bn), 2023-2031

    Figure 37: Asia Pacific Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031

    Figure 38: Asia Pacific Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2023-2031

    Figure 39: Asia Pacific Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Country/Sub-region, 2017-2031

    Figure 40: Asia Pacific Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Country/Sub-region, Value (US$ Bn), 2023-2031

    Figure 41: Middle East & Africa Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Oil Type, 2017-2031

    Figure 42: Middle East & Africa Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Oil Type, Value (US$ Bn), 2023-2031

    Figure 43: Middle East & Africa Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Industry, 2017-2031

    Figure 44: Middle East & Africa Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Industry, Value (US$ Bn), 2023-2031

    Figure 45: Middle East & Africa Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Product Type, 2017-2031

    Figure 46: Middle East & Africa Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Product Type, Value (US$ Bn), 2023-2031

    Figure 47: Middle East & Africa Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031

    Figure 48: Middle East & Africa Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2023-2031

    Figure 49: Middle East & Africa Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Country/Sub-region, 2017-2031

    Figure 50: Middle East & Africa Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Country/Sub-region, Value (US$ Bn), 2023-2031

    Figure 51: South America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Oil Type, 2017-2031

    Figure 52: South America Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Oil Type, Value (US$ Bn), 2023-2031

    Figure 53: South America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Industry, 2017-2031

    Figure 54: South America Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Industry, Value (US$ Bn), 2023-2031

    Figure 55: South America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Product Type, 2017-2031

    Figure 56: South America Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Product Type, Value (US$ Bn), 2023-2031

    Figure 57: South America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031

    Figure 58: South America Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2023-2031

    Figure 59: South America Off-highway Brake Oil Aftermarket Value (US$ Bn) Forecast, by Country/Sub-region, 2017-2031

    Figure 60: South America Off-highway Brake Oil Aftermarket, Incremental Opportunity, by Country/Sub-region, Value (US$ Bn), 2023-2031

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