yazilimweb tasarim
Passenger Car Engine Oil

Market Size of Bangladesh Passenger Car Oil

Dec 28 • Market Insights • 297 Views • 12 Comments on Market Size of Bangladesh Passenger Car Oil

Sharing is caring!

In Bangladesh, the annual domestic demand for engine oils is around 100 million liters. However, it is easy to calculate the overall size of passenger car engine oil. The market analysis assumed that this market is about nearly 10 million liters.

Mostly, this market depends on the passenger vehicle population by vehicle size, fuel consumed, and vehicle age, leading OEMs, and trends in passenger vehicle production.

The future of passenger car oil market is forecasting on ride-sharing services and the rise of using reconditioned cars on the roads.

Besides, the ride-sharing industry has made up only 23% of the total transport sector, impacting passenger car engine oil demand due to more frequent oil drain intervals in the near term.

“Key engine oil brands need to look to the future, as questions such as who will be making the decision on the ‘brand’ of engine oil at the time of an oil change will be raised,” comments a Market Observers at Towards Biz.

Bangladesh is an undisputed growth region for reconditioned cars for the last decades. Currently, the market size for reconditioned cars is around Tk 5,000 cr. Each year the size of the market is increasing by 15 to 20%.

Around 65 reconditioned cars regularly sold in Bangladesh, which is the highest in the country’s history. Barvida says around 20,149 reconditioned cars sold in the FY 2016-17.

There has been a big jump in the purchasing capacity of the middle class. The lack of standard public transport in Dhaka and the affordable price of cars are also reasons for the boost. The market size of the passenger car segment is expected to increase more.

So, the projected four-wheeled transport has formed the bedrock for passenger car engine oil already. By 2020, the passenger car engine oil market is projected to reach 12-14 million liters per year.

These future prospects will evaluate how and when passenger car motor oil demand will change as a reaction to the growing reconditioned passenger cars, including the advent of ride-sharing.

Sharing is caring!
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Related Posts

12 Responses to Market Size of Bangladesh Passenger Car Oil

  1. […] Dec 28 › Market Size of Bangladesh Passenger Car Oil » […]

  2. So this post abslutely made me think! Thank You! I wouldn’t have thought of things from your POV otherwise.

  3. Tisha Musel says:

    I do accept as true with all the ideas you have presented to your post. They are very convincing and can certainly work. Still, the posts are very short for beginners. Could you please lengthen them a bit from subsequent time? Thanks for the post.

  4. Seen in cross-section here a blood vessel centre with red blood cells has grown into a melanoma a form of a skin tumour. Without friction, an object that is pushed into motion would continue to move forever Newtons first law Appendix A.

  5. You are so interesting! I don’t suppose I’ve read a single thing like that before. So great to discover someone with original thoughts on this issue. Really, thank you for starting this up. This site is one thing that is required on the web, someone with some originality!

  6. You actually make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand. It seems too complicated and extremely broad for me. I am looking forward to your next post, I’ll try to get the hang of it!

  7. Thanks a lot for providing individuals with a very remarkable opportunity to read articles and blog posts from this website. It is usually very awesome plus stuffed with a great time for me and my office colleagues to visit your web site on the least 3 times a week to read the new things you will have. And lastly, I’m so certainly impressed with all the great tactics served by you. Certain 2 areas on this page are absolutely the most suitable we have all ever had.

  8. Hello, you used to write great, but the last several posts have been kinda boring¡K I miss your great writings. Past few posts are just a little out of track! come on!

  9. Thanks a lot for giving everyone remarkably wonderful chance to read in detail from this web site. It is usually very pleasing and also jam-packed with fun for me and my office co-workers to search your blog not less than 3 times weekly to see the new things you have. And definitely, we are at all times contented with your incredible tips served by you. Selected 2 tips in this article are really the most beneficial I’ve had.

  10. I as well as my buddies came studying the best points on your site and then all of the sudden developed a horrible feeling I had not expressed respect to the web site owner for those secrets. These people came for this reason thrilled to learn all of them and now have sincerely been taking advantage of them. Appreciate your indeed being really accommodating and then for getting this kind of useful resources millions of individuals are really desperate to learn about. Our own honest regret for not expressing gratitude to you earlier.

  11. I and my friends were found to be reviewing the nice suggestions found on your website and then before long I got a terrible feeling I never thanked the website owner for those tips. All of the boys were definitely certainly warmed to learn all of them and already have in reality been taking advantage of them. Many thanks for being considerably helpful and also for considering certain remarkable useful guides millions of individuals are really needing to understand about. Our own sincere apologies for not expressing appreciation to sooner.

  12. My husband and i ended up being so comfortable that Jordan could carry out his researching because of the precious recommendations he came across through your site. It is now and again perplexing to just happen to be making a gift of steps which the rest may have been trying to sell. And we know we have got the website owner to be grateful to for this. The entire explanations you’ve made, the easy site menu, the friendships you will make it easier to foster – it’s all terrific, and it’s really leading our son in addition to our family do think the content is excellent, which is certainly incredibly vital. Thank you for everything!

Leave a Reply

Your email address will not be published.

« »