Lubricants Demand Service from IEBS
As the electric vehicles and hybrid vehicles penetration are gaining momentum, thus, there are implications for lubricant product markets, including lubricants for light vehicles, which could see a fall in the European countries and North America region by 2030. Business objective The Client wanted to understand in detail how the increasing penetration of electric vehicles will impact on fuels and lubricant additive market and its manufacturers: The main objective of the engagement was to understand the developments & penetration of electrical vehicles (FCV, hybrid vehicles, battery electric vehicles) and their impact on lubricant business, and automotive OEMs strategy in this space. Approach The implementation approach began with the engagement by acquiring an in-depth understanding of the company’s innovation reality, leveraging the framework. This helped us understand the context and prioritise the main gaps, and challenges, which were complemented by external benchmarks. Client’s success details This engagement helped the Client to understand the business impact of the increasing penetration of electric vehicles, changes in engine design innovations, divesting from ICEs, and upcoming regulations in this space. The following benefits and outcomes were delivered to the Client: • Helped the Client in understanding the penetration rate of electric vehicles that would be a significant impact on the lubricant market as a whole; It is estimated that 50% to 55% of world lubricant demand comes from the automotive industry. • Helped the Client in understanding how impact varies across lubricant categories such as wheel bearing and chassis grease, transmission fluid, and gear oil; Since BEVs do not use engine oil, and they use only a small amount (volume) of greases and other secondary lubricant products. • Recommendations helped in identifying the HEV/PHEVs (Both having an ICE and powertrain battery) do use engine oil and, they will require additional higher performance grade lubricants that witness a new and valuable market. • Recommendations helped in identifying the engine oil demand will be hit hardest, witnessing slower growth in overall lubricants demand. For more details and inquiries, please visit below page and schedule a call with our experts@ https://www.iebrain.com/client-success-stories/impact-analysis-of-electric-vehicles-on-lubricants-demand/ About Ingenious e-Brain Solutions: - Ingenious e-Brain Solutions provides high-quality, customized, and cost-effective Technology Research, Business Research, and Intellectual Property Research solutions to industry leaders, and innovative companies across the globe. Innovation, knowledge, and transparency form the basis of our company’s mission and vision. Along with cost benefits, we provide highest quality results ensuring fool-proof confidentiality and security. We are an ISO certified company with offices in India and USA. Ingenious e-Brain Solutions has a strong team of analysts, and subject matter experts with domain proficiency which is devoted to help clients grow. Our highly qualified professionals offer tailored, value-added and cost-effective services to our clients. We believe in building long term relationships with our clients who include national and international corporations, Fortune 500 companies, world’s leading research institutes and universities as well as independent inventors. Get in Touch: - India Office 207-208 Welldone TechPark, Sohna Road Sector 48, Gurugram, Haryana 122018, India +91 124 429 4218 Email: - queries@iebrain.com