Lubricants & Greases Procurement Intelligence
The lubricants & greases category is anticipated to grow at a CAGR of 4.0% from 2023 to 2030.
The growth is attributed to the rising trade of vehicles & spare parts and the demand for automotive oils. There is a significant increase in the utilization of eco-friendly industrial lubricants & greases due to rising environmental awareness which has resulted in the need of more energy-conserving and green industrial solutions. These solutions are made using organic, and biodegradable ingredients and they offer premium protection that increases the life of machinery and reduces waste. Additionally, determining the correct ISO viscosity grade and viscosity index while choosing industrial lubricants is also crucial as it is used to measure the stability, and flow resistance of the lubricants.
Order your copy of the Lubricants & Greases category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Lubricants & Greases Procurement Intelligence Report Scope
The Lubricants & Greases category is expected to have pricing growth outlook of 4% – 5% from 2023 to 2030, with below pricing models.
- Volume based Pricing
- Competition based pricing
Supplier Selection Scope of Report
- Cost and pricing
- past engagements
- productivity
- geographical presence
Supplier selection criteria of Report
- Quality of lubricants & greases
- volume range offered
- contract terms
- delivery option
- end-use served
- technology used
- location and presence of supplier
- operational capabilities
- quality measures
- certification
- others
Lubricants & Greases Procurement Intelligence Report Coverage
Grand View Research will cover the following aspects in the report:
- Market Intelligence along with emerging technology and regulatory landscape
- Market estimates and forecasts from 2022 to 2030
- Growth opportunities, trends, and driver analysis
- Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
- Porter’s 5 forces
- Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
- Engagement and operating models, KPI, and SLA elements
- LCC/BCC analysis and negotiation strategies
- Peer benchmarking and product analysis
- Market report in PDF, Excel, and PPT and online dashboard versions
Lubricants & Greases Procurement Cost and Supplier Intelligence
Raw material, labor, land, machinery, utility, packaging, transportation, and others are some of the cost components involved in the production of the category. Raw material (base oils, and other additives), labor, and machinery form a major part of the cost component. Raw materials account for approximately 40-45% of the total production cost. The variation in prices of raw materials has a considerable impact on the prices of lubricants.
In terms of lubricants & grease production, the hybrid model is a popular engagement model in the category, combining in-house and full-service outsourcing. Some companies have complete in-house lubricants & grease production lines from extraction and refining to packing lubricants & greases into barrels/tankers and transporting to the end destination. Companies such as BP Plc, Chevron Corporation, Shell, and others have complete in-house production lines. However, some suppliers opt for partial outsourcing. They outsource operations such as transportation services. Employing an in-house team for a complete production line from procuring raw material to quality testing, packaging, and transportation can be beneficial for the company.
List of Key Suppliers
- ExxonMobil
- BP Plc
- Chevron Corporation
- Shell
- Total Energies
- Castrol India
- Valvoline
- PetroChina
- Petrobas
- Fuchs
Add-on Services provided by Grand View Research Pipeline:
- Should Cost Analysis
Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process
- Rate Benchmarking
Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier
- Salary Benchmarking
Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.
- Supplier Newsletter
A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.
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Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions