Sales of Two-Wheeler Lubricants Market to Flatten Due to COVID-19 Pandemic; Key Market Players to Redesign Developmental Strategies
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Sep 15, 2020 (MARKITWIRED via COMTEX) —
Two-Wheeler Lubricants – Tackling Electromobility and Delivering Fuel Economy
In the era of electric mobility where battery is the fuel, automotive and transportation industry has been witnessing significant transformation and megatrends. The engine technology is changing fast, as emission regulations intensify and consumer demand for affordable yet efficient vehicles increases. As electrification takes hold of the transportation sector, disruption is also expected in automotive lubricants space, which has traditionally been one of the most attractive areas in oil & gas value chain.
Although the global lubricant brands are not likely to be affected by electric mobility anytime soon, companies are getting ready to draft new strategies to thrive in the disruptive business world. The ‘Two-Wheeler Lubricants Market‘, though slightly touched by the emerging technologies, remains a bright spot