Industry Analysis & Industry Trends
The Lubricant Oil Manufacturing industry produces industrial and automotive lubricants for manufacturers and consumers, including motor oil, transmission fluid, rust inhibitors and machine oils. The industry experienced its share of wear and tear in recent years, as the persistent effects of the global economic downturn compelled consumers to drive less and hold off on car expenses, and manufacturers to leave factories idle or close down production altogether. Despite recent improvements, industry revenue is expected to continue to decline in the coming years. Increases in domestic demand will likely be largely satisfied by imports, which will continue to capture a greater share of the domestic market... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Lubricant Oil Manufacturing industry is in the declining stage of its life cycle, with well-established product lines and a saturated marketplace. Industry value added, which measures the industry's contribution to the overall economy, is expected to fall 2.4% per year on average during the 10 years to 2021. In contrast, Canadian GDP is expected to grow 1.9% per year during the same period, indicating that the industry is representing an increasingly smaller portion of the overall Canadian economy.
The steadily increasing threat that imported products pose to the industry further indicates the industry's state of decline. Imported lubricant oil products satisfied 43.9% of domestic demand in 2011, and that share is expected to increase to 52.8% by 2021... purchase to read more