Growing demand for high-performance lubricants in agriculture market, expected to reach $7.52 billion by 2032.
From GlobeNewswire: 2025-06-29 10:30:00
The Agricultural Lubricant Market was valued at USD 5.32 billion in 2024, projected to reach USD 7.52 billion by 2032, with a 4.43% CAGR. Rising mechanization and sustainable practices are driving global demand for high-performance lubricants in modern agricultural equipment.
The U.S. Agricultural Lubricant Market reached USD 779.41 million in 2024, driven by increased farm mechanization and eco-friendly lubricant adoption. Companies like John Deere are launching lubricant-optimized engines to enhance machinery lifespan and reduce emissions, supporting market growth.
Engine oil dominated the Agricultural Lubricant Market in 2024 with a 43.2% market share, crucial for engine longevity and performance in farm machinery. Advanced engine oils like Shell’s Rimula series and Chevron’s Delo products are increasingly used, reducing engine wear and emissions.
Mineral oil led the Agricultural Lubricant Market in 2024 with a 64.1% share due to affordability and versatility. Companies like ExxonMobil and BP innovate within mineral oil formulations to meet machinery demands, while their established supply chain infrastructure supports market dominance.
Tractors dominated the Agricultural Lubricant Market in 2024 with a 55.8% share, driven by their essential role in modern agriculture. Leading manufacturers emphasize advanced lubricant technologies to improve fuel economy and engine life, accelerated by government subsidies and modernization programs.
Aftermarket sales led the Agricultural Lubricant Market in 2024 with a 58.3% share, offering maintenance and replacement parts critical for agriculture. Brands like Valvoline and Mobil partner with aftermarket suppliers to enhance product availability, driving growth in this channel.
Asia Pacific held a 42% market share in the Agricultural Lubricant Market in 2024, driven by rapid agricultural mechanization in countries like China and India. Rising environmental concerns have led to increased demand for bio-based lubricants, further supported by regional regulations and expanding production capacities.
North America emerged as the fastest-growing region in the Agricultural Lubricant Market, driven by advanced mechanization and stringent environmental regulations promoting eco-friendly lubricants. Leading manufacturers like Chevron and Shell invest in sustainable lubricants to meet the needs of technologically advanced farms.
Recent developments include BMG launching Liqui Moly Flow Grease for enhanced agricultural machinery performance and Moove Lubricants filing for a $250M U.S. IPO to expand global presence in automotive and agricultural lubricant markets. SNS Insider provides market research and consulting services to help clients make informed decisions in changing circumstances.
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