PCMO market

The PCMO Market in 2050: A Long-term Outlook

Base Year: 2022
Published: Q2 2023
Regional Coverage: Asia-Pacific, Americas, Africa, Europe

The transition to electric mobility remained remarkably resilient during the turbulent years of the pandemic. Sustainability concerns and rapid technological advances in the fields of electric powertrain, ride-sharing, and autonomous vehicles are key factors driving the growth of electric vehicles. The advent of electric mobility has the potential to greatly reduce the consumption of passenger car motor oils (PCMO). Emerging driving patterns and alternative car ownership models will further reduce PCMO consumption.


  • Assessment of the current and projected passenger vehicle fleet in the leading country markets
  • Analysis of vehicle ownership and usage characteristics in the leading country markets
  • Current and projected PCMO demand in the leading markets
  • Current and projected penetration of electric vehicles (EV) and impact on the PCMO market
  • Effect of decarbonization targets adopted by governments on the penetration of electric vehicles and implications on the PCMO market.
  • Current and projected passenger vehicles forecast under various scenarios
  • Market outlook and opportunities and challenges in the emerging PCMO market


Table of Contents


Executive Summary

An overview of the PCMO market in 2050

  • Key messages
  • Current and projected penetration of electric vehicles
  • PCMO 2050 market outlook by key region and markets under three different scenarios


Australia​ ​Indonesia
Brazil​​ ​Japan
Canada​​ ​Mexico
China​ ​​South Africa
​France​​ ​South Korea​​
Germany ​United Kingdom​​​
India ​United States​​​

Country Profiles

Succinct profiles of 14 leading country markets are provided, as listed in Table 1, including the following information:

  • Country macro-economic and industrial indicators
    • - Demographics: Population growth and age distribution
    • - Rural and urban population trends
    • - Mobility trends
    • - Analysis of local automotive industry
  • Factors driving electrification of personal mobility
    • - Government targets and regulations promoting electrification, charging infrastructure, economics relative to conventional vehicles, and consumer attitudes
    • - Effects of CASE (connected, autonomous, shared and electric)
  • Passenger vehicles fleet analysis
    • - Description of passenger vehicles in operation by powertrain type under three different scenarios (high EV, baseline, and low EV scenario); and trends in the automotive industry
    • - Passenger vehicle production and, sales outlook through 2050
  • PCMO 2050 market outlook
    • - Implications for key players in the PCMO industry
    • - Market appraisal

Subscriber Benefits

This report assists lubricant marketers in identifying opportunities and challenges within the PCMO industry. It is also an invaluable tool in the strategic planning process. Specifically, the report helps subscribers:​

  • Develop an understanding of the disrupting technologies that are reshaping the PCMO market
  • Develop multiple market scenarios and assess the impact of these on the PCMO market
  • Design and develop products and market strategies for the emerging PCMO market

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