Agricultural Lubricants Market

Global Agricultural Lubricants Market Report: Product Type (engine oil, transmission, hydraulic fluid, grease, and other), By Type (Mineral Oil-Based, Synthetic Oil Based, Bio-Based) and Region (North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.

Agriculture | December 2023 | Report ID: EMR00364 | Pages: 301

Global Agricultural Lubricants market is predicted to reach approximately USD 4.36 billion by 2031, at a CAGR of 3.02% from 2022 to 2031.


The global agricultural lubricants market plays a crucial role in supporting the efficiency and longevity of farm machinery, thereby contributing to the overall productivity of the agricultural sector. These lubricants are specifically formulated to address the unique demands of agricultural equipment, such as tractors, combines, and other farm machinery, which often operate in challenging environments. The market is driven by the increasing mechanization of agriculture, as farmers worldwide adopt advanced machinery to enhance operational efficiency.






The expanding world population is one of the main factors driving the market, as it is creating a demand for more food to be produced. In addition to working hard to meet this demand, farmers also need high-performance, dependable lubricants to make sure that agricultural machinery runs smoothly and lasts a long time. Furthermore, the need for specialised lubricants that can endure the harsh conditions of precision equipment is increased by the trend towards smart agriculture and precision farming.


Global Agricultural Lubricants report scope and segmentation

Report Attribute


Estimated Market Value (2022)

3.36 billion

Projected Market Value (2031)

4.33 billion

Base Year


Forecast Years

2023 – 2031

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By functions, By End-User & Region.

Segments Covered

By Type, Product Type, & By Region.

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2031.

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others.

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.


Global Agricultural Lubricants dynamics

A multitude of varied factors interact to shape the dynamics of the global market for agricultural lubricants. Global farming practices are becoming more and more mechanised, which is one of the main drivers. The increasing sophistication and necessity of agricultural machinery and equipment in contemporary farming has led to a growing need for high-performance lubricants to maintain the machinery's longevity and optimal performance. Furthermore, the need for increased agricultural productivity is fuelled by the world's expanding population and the ensuing demand for food, which is pushing the adoption of sophisticated farming methods that significantly rely on lubricated machinery.

Environmental regulations and sustainability concerns also play a pivotal role in shaping the market dynamics. There is a noticeable shift towards eco-friendly and bio-based lubricants in the agricultural sector to minimize the environmental impact of agricultural activities. This shift is driven by both regulatory pressures and a heightened awareness among farmers about the importance of sustainable practices. Additionally, the volatility in crude oil prices significantly influences the pricing and availability of petroleum-based lubricants, impacting the overall market dynamics.


Global Agricultural Lubricants drivers

Increasing Trend of Mechanization Trend

The market for agricultural lubricants is significantly influenced by the growing trend of agricultural mechanisation. The need for specialised lubricants is growing as farmers around the world adopt cutting-edge machinery and equipment to improve operational efficiency. These lubricants are essential to the efficient operation of many pieces of agricultural equipment, such as irrigation systems, harvesters, and tractors. The need for more efficiency, economy, and timely farm operations is driving the trend towards mechanisation, which supports the market for agricultural lubricants' steady expansion.

Sustainability and Regulatory Compliance

The market for eco-friendly lubricants is expanding as a result of growing environmental concerns and strict agricultural regulations. The use of bio-based and environmentally friendly lubricants is becoming more prevalent as governments and environmental agencies place more stringent regulations on the use of lubricants in the agricultural industry. In response, producers are creating lubricants that have a smaller environmental effect, encouraging environmentally friendly agricultural methods. This change is in line with the larger global movement towards sustainable agriculture, which is driving the market for agricultural lubricants upward.


  • Restraints:

Fluctuating Crude Oil Prices

Since many lubricants are derived from petroleum-based sources, the market for agricultural lubricants is vulnerable to fluctuations in the price of crude oil. Price and availability uncertainty arises from the direct impact of oil price fluctuations on lubricant production costs. This presents a challenge for the agricultural industry's manufacturers and end users, as they must manage cost variations that may have an impact on overall operating expenses. Creating plans to lessen the effects of erratic crude oil prices becomes essential for players in the market for agricultural lubricants.


  • Opportunities:

Precision Agriculture Integration

The integration of precision agriculture technologies presents a significant opportunity for the agricultural lubricants market. Precision agriculture relies on advanced equipment, sensors, and data analytics to optimize farming practices. Lubricants tailored to the specific needs of precision farming equipment, such as GPS-guided tractors and automated machinery, can enhance overall efficiency and performance. The increasing adoption of precision agriculture creates a niche market for specialized lubricants, offering a growth avenue for manufacturers attuned to the evolving technological landscape in agriculture.


Segment Overview

By Product Type  

The agricultural lubricants market is diversified across various product types, each playing a crucial role in ensuring the efficient operation and longevity of agricultural machinery. Engine oil, a key component, lubricates internal combustion engines, preventing wear and corrosion. Transmission fluids facilitate smooth power transmission within machinery, optimizing performance. Hydraulic fluids are integral to hydraulic systems, ensuring proper functioning of equipment like tractors and loaders. Greases, with their semi-solid consistency, provide long-lasting lubrication to components subjected to heavy loads and extreme conditions. Other product types encompass a range of specialized lubricants catering to specific needs, such as gear oils and chain lubricants. The dynamic interplay of these product types addresses the diverse lubrication requirements across various agricultural applications, reflecting the industry's commitment to providing comprehensive solutions for the evolving needs of modern farming practices.


By Type

The differentiation of agricultural lubricants by type is a pivotal aspect, influencing performance, environmental impact, and suitability for diverse applications. Mineral oil-based lubricants, derived from crude oil, are traditional and widely used, offering cost-effectiveness and general-purpose lubrication. Synthetic oil-based lubricants, synthesized chemically, provide enhanced performance under extreme conditions, exhibiting superior temperature stability and resistance to oxidation. Bio-based lubricants, sourced from renewable materials like vegetable oils, emerge as an environmentally friendly alternative, aligning with sustainability goals. This categorization reflects the industry's response to evolving consumer preferences, regulatory pressures, and the quest for lubricants tailored to specific operational demands. The diverse landscape of mineral oil-based, synthetic oil-based, and bio-based lubricants caters to the varied needs of farmers and equipment manufacturers, ensuring a comprehensive range of options to optimize machinery performance while addressing environmental concerns. As the market continues to evolve, the strategic positioning of these lubricant types becomes paramount, balancing performance attributes, cost considerations, and the broader sustainability agenda driving innovation in the agricultural lubricants sector.


Global Agricultural Lubricants Overview by Region

North America, with its highly mechanized and technologically advanced agriculture sector, is a significant market for agricultural lubricants. The region's emphasis on precision farming and the adoption of cutting-edge machinery contribute to a robust demand for high-performance lubricants. In Europe, stringent environmental regulations drive the adoption of bio-based lubricants, aligning with the continent's sustainability goals. The Asia-Pacific region, characterized by a large and diverse agricultural landscape, experiences growing demand for lubricants due to increasing mechanization in countries like China and India.




The Middle East and Africa, with their unique agricultural challenges and emerging economies, present both opportunities and challenges for market players. The regional analysis allows stakeholders to tailor their strategies based on specific market characteristics, regulatory environments, and the level of agricultural modernization, ultimately facilitating a more targeted and effective approach to cater to the varied needs of farmers and equipment users worldwide. As the global agricultural lubricants market continues to evolve, understanding regional intricacies becomes paramount for industry participants to capitalize on emerging opportunities and navigate regional challenges successfully.


Global Agricultural Lubricants market competitive landscape

The competitive landscape of the global agricultural lubricants market is characterized by a mix of established multinational corporations, regional players, and emerging entrants, all vying for market share in a dynamic and evolving industry. Major players such as ExxonMobil, Shell, and Chevron dominate the market with extensive product portfolios that cater to the diverse lubrication needs of modern agriculture. These industry giants leverage their global reach, technological expertise, and research capabilities to offer a comprehensive range of mineral oil-based, synthetic oil-based, and bio-based lubricants. Regional players often carve out niches by focusing on specific agricultural practices prevalent in their respective areas, addressing the unique demands of local farming communities.

The market's competitive intensity is fuelled by ongoing research and development efforts to introduce innovative lubricants that enhance machinery efficiency, comply with stringent environmental regulations, and align with the growing trend of sustainability in agriculture. Bio-based lubricants, in particular, have garnered attention as companies seek to capitalize on the increasing demand for environmentally friendly solutions. Partnerships and collaborations between lubricant manufacturers and agricultural machinery producers further shape the competitive landscape, as joint ventures enable the development of lubricants tailored to the specifications of advanced farming equipment.


Global Agricultural Lubricants Recent Developments

  • October 2023, Valvoline Cummins Private Limited, a renowned global lubricant manufacturer with a rich heritage of 150 years in pioneering cutting-edge lubricant technologies, has introduced an exclusive product to the industry: Valvoline All Fleet Turbo Plus (Haulage Expert). This innovative offering is designed specifically for heavy usage scenarios involving high horsepower tractors on roads and other agricultural allied operations.


Scope of global Agricultural Lubricants report

Global Agricultural Lubricants report segmentation



By Product Type   

  • Engine Oil
  • Transmission
  • Hydraulic Fluid
  • Grease
  • Other

By Type  

  • Mineral Oil-Based
  • Synthetic Oil Based
  • Bio-Based

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request


  • Available upon request


Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Agricultural Lubricants size and forecast: To identify and estimate the market size for global Agricultural Lubricants market segmented by metals type, by application and by region. Also, to understand the consumption/ demand created by consumers between 2023 and 2031.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for global Agricultural Lubricants
  • Market Influencing Factors: To find out the factors which are affecting the market of global Agricultural Lubricants among consumers.
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.


Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

The growth of the Agricultural Lubricants Market is driven by factors such as the increasing mechanization of agriculture, the need for equipment efficiency and longevity, growing awareness of sustainable farming practices, and the expansion of the agriculture sector.
Agricultural Lubricants have various applications in the farming sector, including lubrication of tractors, combines, plows, seeders, and other machinery. They are essential for ensuring smooth operation, reducing wear and tear, and preventing equipment breakdowns during critical farming activities.
The global expansion of the agriculture sector has a direct impact on the Agricultural Lubricants Market. As farming practices evolve and agricultural operations scale up, there is a heightened demand for lubricants to maintain and protect the increasing number of agricultural machinery and equipment.
The expected market size for Global Agricultural Lubricants is 3.36 billion in 2022.
The major players in the market are Morris Lubricants, Unil Lubrication, TotalEnergies, Condat, Dyade Lubricants, Shell, Valvoline, BP, Exol Lubricants Ltd., Cougar Lubricants, Petro-Canada Lubricants, Phillips 66 and Chevron Corporation,

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