Disruptive technologies impact PCMO market
Apr 30, 2018
The global passenger car motor oil (PCMO) market is on the verge of significant change driven by forces shaping the future of mobility. Emerging disruptive technologies, including the advent of ride sharing, autonomous vehicles and the emergence of electric vehicles (EVs), are redefining mobility and will continue to have various impacts on the lubricants industry.
The emergence of fleet operators and ride-sharing companies like Uber and Lyft has positively impacted the PCMO demand due to more frequent oil drain intervals. Alternatively, the penetration of EVs will rise quickly and have a negative impact on PCMO demand. It’s more important than ever for companies to design and develop products and strategies that complement the emerging technologies.
Learn more about the state of development for the leading country markets and the scope for penetration of these disruptive technologies here.
Why should you care? To better evaluate the emerging market opportunities and challenges, it’s important to understand the nature of these disruptive technologies.