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 Investment Chapter
The Lubricant Oil Manufacturing industry produces a range of automotive, industrial and household lubricants including motor oil, transmission fluid, rust inhibitors, machine oils, skin moisturizers and more. Facilities, storage equipment, computer inventory systems, drilling equipment and machinery used to mix and move products represent the greatest capital cost to the industry. In addition, the industry requires a highly-skilled labour force to operate and monitor equipment, research and design new oil lubricants, locate new oil reserves and maintain safe operations.
While labour costs represent 6.2% of industry revenue, which is significantly more than the cost of capital investments, the industry maintains a high level of capital intensity... purchase to read more