Industry Analysis & Industry Trends
The Lubricant Oil Manufacturing experienced its share of wear and tear over the past five years with the economic downturn, which led to a drop in consumer income and downstream manufacturing activity. These factors compelled consumers to drive less and hold off on car expenses; meanwhile, manufacturers were forced to leave factories idle or exit their industries. Despite the recent improvements, industry revenue is forecast to continue its decline in the five years to 2019... 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 decline at an annualized rate 0.9% during the 10 years to 2019. In contrast, Canadian GDP is expected to average a more robust growth of 2.4% per year during the same period.
The steadily increasing threat that imported products pose to the industry further indicates the industry's state of decline. Imported lubricant oil products satisfied 35.2% of domestic demand in 2009, and that share is expected to increase to 68.5% by 2019... purchase to read more