| Product Code: ETC4487305 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India electric vehicle fluids market import shipment demonstrated a robust growth trend with a CAGR of 14.7% from 2020 to 2024. However, there was a notable slowdown in growth with a rate of -19.2% between 2023 and 2024. Overall, the market expansion showed signs of stabilization towards the end of the period.
With the rise of electric vehicles (EVs) in India, the electric vehicle fluids market is gaining prominence. These fluids are essential for cooling and lubrication in EV systems. The market`s growth is closely associated with the increasing adoption of electric vehicles and the need for specialized fluids to ensure their smooth operation.
The electric vehicle (EV) fluids market in India is experiencing growth due to the increasing adoption of electric vehicles. As India and the world shift towards cleaner and more sustainable transportation options, the demand for EV fluids, such as cooling fluids and lubricants, is on the rise. EVs have unique lubrication and cooling needs, and this presents opportunities for the market to cater to the evolving automotive landscape.
The India electric vehicle fluids market faces challenges associated with the rapid growth of the electric vehicle (EV) industry. The need for specialized fluids, such as coolants and lubricants, for EVs requires manufacturers to adapt to evolving technology and formulations. The market is also influenced by government policies and incentives for EV adoption, which can be subject to changes and impact demand.
The electric vehicle (EV) fluids market in India faced unique challenges during the COVID-19 pandemic. While the automotive industry experienced disruptions in manufacturing, the EV sector had varying experiences. Some EV manufacturers adapted to remote sales and service models, while others faced supply chain disruptions. Additionally, changes in consumer preferences and economic uncertainties affected the adoption of electric vehicles. As the automotive industry and EV sector recover, the EV fluids market is expected to rebound, driven by the growth of sustainable transportation solutions.
In the electric vehicle fluids market, key players in India comprise companies such as ExxonMobil, Castrol India, Valvoline Cummins, and India Oil Corporation. They provide specialized fluids for electric vehicles, including coolants, lubricants, and transmission fluids.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Electric Vehicle Fluids Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Electric Vehicle Fluids Market Revenues & Volume, 2021 & 2031F |
3.3 India Electric Vehicle Fluids Market - Industry Life Cycle |
3.4 India Electric Vehicle Fluids Market - Porter's Five Forces |
3.5 India Electric Vehicle Fluids Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Electric Vehicle Fluids Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 India Electric Vehicle Fluids Market Revenues & Volume Share, By Propulsion Type, 2021 & 2031F |
3.8 India Electric Vehicle Fluids Market Revenues & Volume Share, By Fill Type, 2021 & 2031F |
4 India Electric Vehicle Fluids Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives promoting electric vehicles |
4.2.2 Increasing awareness about environmental sustainability |
4.2.3 Growing investments in electric vehicle infrastructure |
4.3 Market Restraints |
4.3.1 High initial cost of electric vehicles |
4.3.2 Limited availability of charging infrastructure |
4.3.3 Lack of consumer awareness about electric vehicle fluids |
5 India Electric Vehicle Fluids Market Trends |
6 India Electric Vehicle Fluids Market, By Types |
6.1 India Electric Vehicle Fluids Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Electric Vehicle Fluids Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 India Electric Vehicle Fluids Market Revenues & Volume, By Engine oil, 2021-2031F |
6.1.4 India Electric Vehicle Fluids Market Revenues & Volume, By Coolants, 2021-2031F |
6.1.5 India Electric Vehicle Fluids Market Revenues & Volume, By Transmission Fluids, 2021-2031F |
6.1.6 India Electric Vehicle Fluids Market Revenues & Volume, By Greases, 2021-2031F |
6.2 India Electric Vehicle Fluids Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 India Electric Vehicle Fluids Market Revenues & Volume, By On-highway vehicle, 2021-2031F |
6.2.3 India Electric Vehicle Fluids Market Revenues & Volume, By Off-highway vehicle, 2021-2031F |
6.3 India Electric Vehicle Fluids Market, By Propulsion Type |
6.3.1 Overview and Analysis |
6.3.2 India Electric Vehicle Fluids Market Revenues & Volume, By Hybrid EV, 2021-2031F |
6.3.3 India Electric Vehicle Fluids Market Revenues & Volume, By Battery EV, 2021-2031F |
6.4 India Electric Vehicle Fluids Market, By Fill Type |
6.4.1 Overview and Analysis |
6.4.2 India Electric Vehicle Fluids Market Revenues & Volume, By First fill, 2021-2031F |
6.4.3 India Electric Vehicle Fluids Market Revenues & Volume, By Service fill, 2021-2031F |
7 India Electric Vehicle Fluids Market Import-Export Trade Statistics |
7.1 India Electric Vehicle Fluids Market Export to Major Countries |
7.2 India Electric Vehicle Fluids Market Imports from Major Countries |
8 India Electric Vehicle Fluids Market Key Performance Indicators |
8.1 Adoption rate of electric vehicles in India |
8.2 Number of charging stations for electric vehicles |
8.3 Demand for environmentally friendly fluids in the automotive sector |
8.4 Research and development investment in electric vehicle fluid technology |
9 India Electric Vehicle Fluids Market - Opportunity Assessment |
9.1 India Electric Vehicle Fluids Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Electric Vehicle Fluids Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.3 India Electric Vehicle Fluids Market Opportunity Assessment, By Propulsion Type, 2021 & 2031F |
9.4 India Electric Vehicle Fluids Market Opportunity Assessment, By Fill Type, 2021 & 2031F |
10 India Electric Vehicle Fluids Market - Competitive Landscape |
10.1 India Electric Vehicle Fluids Market Revenue Share, By Companies, 2024 |
10.2 India Electric Vehicle Fluids Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |