Crankshaft Oil Market Size & Share, By Lubricity (High Friction, Medium Friction, Low Friction), Application (Crankshafts in Internal Combustion Engines, Crankshafts in Electric Vehicles, Crankshafts in Industrial Machinery), Additive Package (Standard Additive Package, Enhanced Additive Package, Premium Additive Package), Viscosity Grade (SAE 0W-20, SAE 5W-30, SAE 10W-40, SAE 15W-50), Base Oil Type (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil) - Growth Trends, Regional Insights (U.S., Japan, South Korea, UK, Germany), Competitive Positioning, Global Forecast Report 2025-2034

Market Outlook:

Crankshaft Oil Market size is set to increase from USD 8.12 billion in 2024 to USD 13.48 billion by 2034, with a projected CAGR exceeding 5.2% from 2025 to 2034. The industry revenue for 2025 is anticipated to hit USD 8.45 billion.

• Base Year Value (2024): USD 8.12 Billion
• CAGR (2025-2034): 5.2%
• Forecast Year Value (2034): USD 13.48 Billion
• Historical Data Period: 2021-2024
• Largest Region: Asia Pacific
• Forecast Period: 2025-2034

Market Dynamics:

Growth Drivers & Opportunities:

The Crankshaft Oil Market is experiencing accelerated growth driven by several key factors. One of the primary growth drivers is the increasing production and sales of vehicles, particularly in emerging economies. As disposable incomes rise, consumers are more inclined to invest in new automobiles, necessitating a corresponding rise in the demand for high-quality crankshaft oils. Furthermore, the stringent regulations regarding vehicle emissions and fuel efficiency are compelling manufacturers to enhance engine performance, creating an opportunity for specialized crankshaft oils that can withstand higher temperatures and reduce friction.

Another significant opportunity lies in technological advancements within the automotive sector. The development of synthetic lubricants, designed to provide superior protection and longevity under varying conditions, has made them increasingly popular among manufacturers and consumers alike. This shift towards synthetic oils opens avenues for market players to innovate and offer premium products, thus expanding their market share. Additionally, the growing awareness around preventive maintenance among vehicle owners encourages regular oil changes, which in turn increases the demand for crankshaft oils.

Report Scope

Report Coverage	Details
Segments Covered	Lubricity, Application, Additive Package, Viscosity Grade, Base Oil Typeal
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Chevron, PETRONAS, Saudi Aramco, ExxonMobil, TotalEnergies, ENEOS, Lukoil, PetroChina, BP, PDVSA, Sinopec, NIOC, Sonangol, Gazprom Neft, Shell

Industry Restraints:

Despite the positive outlook, several restraints could hinder the growth of the Crankshaft Oil Market. One of the primary challenges is the volatility in crude oil prices, which can directly affect the production costs of conventional oils. Fluctuations in oil prices may lead to higher costs for both manufacturers and consumers, potentially dampening demand.

Moreover, the competitive landscape is intensifying, with numerous players vying for market share, leading to price wars. This competition can result in diminished profit margins for companies, making investment in innovation and quality more challenging. Additionally, the growing trend toward electric vehicles presents a potential threat to the traditional automotive oil market as the demand for crankshaft oils may decline with the reduced reliance on internal combustion engines. The transition to alternative energy sources, while offering opportunities in new lubricants for electric vehicles, could pose significant challenges for those entrenched in the conventional oil segment.

Regional Forecast:

North America

The North America crankshaft oil market is predominantly driven by the United States, where the automotive industry remains a significant contributor to the economy. The increasing production of vehicles, especially with the rise of electric vehicles, has created a robust demand for high-performance crankshaft oils. Moreover, advancements in engine technology and materials used in modern vehicles are leading to the adoption of more specialized lubricants, boosting the market. Canada, while smaller in market size relative to the U.S., is experiencing steady growth, particularly as automotive manufacturing and maintenance operations expand in line with environmental regulations and efficiency demands.

Asia Pacific

In the Asia Pacific region, China stands out as the largest market due to its extensive automotive manufacturing sector, which is the largest in the world. The rapid urbanization and rising disposable incomes in China are driving vehicle ownership, leading to increased consumption of crankshaft oils. Japan and South Korea also present significant opportunities, with their advanced automotive technologies and high-performance engine requirements creating demand for specialized lubricants. The growth in electric and hybrid vehicles in these countries is further fueling innovation in crankshaft oil formulations, making this region one of the fastest-growing markets globally.

Europe

Europe’s crankshaft oil market is anchored by major automotive players in countries such as Germany, the United Kingdom, and France. Germany's strong automotive industry is pushing for higher standards in engine performance, thus promoting the use of premium crankshaft oils. The UK's transition towards electric vehicles is reshaping the market, necessitating new lubricant solutions that cater to the unique requirements of these engines. France is also witnessing growth driven by its automotive sector and increasing environmental regulations which push for the development of eco-friendly lubricants. Together, these countries underscore Europe’s position as a vital region for innovation and market expansion in crankshaft oils.

Segmentation Analysis:

In terms of segmentation, the global Crankshaft Oil market is analyzed on the basis of Lubricity, Application, Additive Package, Viscosity Grade, Base Oil Typeal.

Lubricity

In the crankshaft oil market, lubricity is a crucial factor that influences the performance and longevity of engine components. Crankshafts can be categorized based on their lubricity into three segments: high friction, medium friction, and low friction oils. High friction oils are generally used in environments that experience extreme heat and stress, making them suitable for high-performance engines. Medium friction oils offer a balanced approach, catering to a wide range of vehicles and industrial applications. Low friction oils are increasingly gaining traction, especially with the growth of electric vehicles, as they help improve fuel efficiency and reduce emissions. The low friction segment is expected to exhibit the fastest growth due to the rising demand for eco-friendly and efficient automotive solutions.

Application

The application segment of the crankshaft oil market consists of three primary areas: crankshafts in internal combustion engines, crankshafts in electric vehicles, and crankshafts in industrial machinery. Crankshafts in internal combustion engines continue to dominate this market, driven by a large global fleet of gasoline and diesel vehicles. However, the segment for crankshafts in electric vehicles is witnessing the most rapid growth. As the electric vehicle market expands, there is an increasing need for specialized lubricants that enhance engine efficiency and component protection. Meanwhile, crankshafts in industrial machinery also represent a significant segment, particularly in sectors such as manufacturing and construction, where durability and performance are essential.

Additive Package

Crankshaft oils are differentiated further by their additive packages, which are crucial for enhancing performance characteristics. The additive packages can be categorized into standard, enhanced, and premium. Standard additive packages are commonly used in conventional oil products and serve basic protection functions. Enhanced additive packages provide better protection against oxidation and wear, making them preferred for more demanding applications. The premium additive package segment is expected to witness the highest growth, especially among high-performance motor oils catered to specialized vehicles and machinery. This shift correlates with an increasing consumer preference for high-quality lubricants that extend engine life and improve performance.

Viscosity Grade

The viscosity grade of crankshaft oil plays an essential role in determining its performance under various operating conditions. Key viscosity grades include SAE 0W-20, SAE 5W-30, SAE 10W-40, and SAE 15W-50. SAE 5W-30 remains a widely recommended choice due to its versatility and adaptability across a range of vehicle types and climates. On the other hand, SAE 0W-20 is gaining popularity, particularly in fuel-efficient vehicles, due to its lower viscosity that enhances fuel economy. As engines become more efficient and compact, SAE 0W-20 and similar low-viscosity options are likely to see the fastest growth, catering to the evolving needs of the automotive industry.

Base Oil Type

The base oil type is another critical aspect of the crankshaft oil market, encompassing mineral oil, synthetic oil, and semi-synthetic oil. Mineral oils remain a traditional choice in many applications due to their cost-effectiveness and satisfactory performance. Synthetic oils, however, are increasingly preferred for their superior properties, such as better thermal stability and reduced volatility. The semi-synthetic oil segment serves as a bridge, offering a balanced solution between cost and performance. The synthetic oil segment is projected to exhibit the largest market size and the fastest growth rate, fueled by the push for advanced lubricants that provide enhanced protection and fuel efficiency, particularly in high-performance and electric vehicles.

Competitive Landscape:

The competitive landscape in the Crankshaft Oil Market is characterized by a diverse group of manufacturers and suppliers that cater to the automotive and industrial sectors. Companies are increasingly focusing on product innovation, leveraging advanced technology to enhance oil formulation for improved performance and efficiency. Market players are also emphasizing sustainability by developing eco-friendly formulations to meet the growing demand for environmentally responsible products. Strategic partnerships, mergers, and acquisitions are common as companies seek to expand their market reach and enhance their product portfolios. The presence of both established players and emerging brands creates a dynamic competition, influencing pricing strategies and customer preferences across various regions.

Top Market Players

1. ExxonMobil

2. Shell

3. TotalEnergies

4. BP

5. Chevron

6. Valvoline

7. Mobil 1

8. Fuchs Petrolub SE

9. Amsoil

10. Liqui Moly