Zulker Naeen

How Lubricants Shelf Monitor Oil Brands? How Lubricants shelf Monitor Engine Oil Market? The lubricants shelves of the overall market have already placed more than 100 brands altogether and the number of brands is increasing day by day. And the situation is being worsened while so many by name products are taking the different shelves of different clusters. This market has become more overstated in terms of brand names and local products. You may argue with us; lubricants shelves have no more space to place your new brands. You might get surprised by hearing such a statement. For your information, it’s not a surprising one. Regularly, lubricants retailers have to welcome the representatives of newly entered brands. And, business Insiders has depicted this lubricants market as a silent trade with a lot of floating traders. On an assumption, the annual domestic demand for lubricants oils is around 100 million liters, whereas base oil demands around 140 million liters. However, the lack...

Challenges of Bangladesh Lubricants Market

Drivers’ Opinion On Using Engine Oil Understanding the passenger car driver’s opinion on using car engine oil is more important for marketers. We all know, the drivers of the passenger car play a key role in the overall fleet management. A small-scale survey in Dhaka city also revealed that result too. We found, around 80% of car owners mostly rely on their drivers for the overall fleet maintenance as they don’t have the ample time to take care of their fleet personally. Findings say the overall fleet maintenance is on the personal vehicle driver’s responsibility. That is why we conducted a survey on 50 passenger car drivers of Dhaka city to understand the view of using lubricating oil. Our findings say, 28% car drivers don’t have the in-depth knowledge of using passenger car engine oil. 76% car drivers rely on the mechanics for the oil change and they purchase their recommended oils. Sometimes they purchase the product can directly from the repair shop, as the mechanic also stores p...

Business Size of Bangladesh Lubricants Market It is not so difficult to calculate the size of lubricants trade of Bangladesh. However, business Insiders has considered this market as a silent trade in comparison to others. Surprisingly, the annual domestic demand for lubricating oils is around 100 million litres, whereas base oil demand around 140 million litres. The market value of base oil around $133 million. The annual domestic consumption has got almost 3% yearly growth, which is on par with India but behind China. The lubricants shelves of Bangladesh hold more than 100 brands altogether and the number is increasing day by day. However, the lack of market monitoring, the current status of the transport system, least reporting make this trade unnoticeable to the public. In recent years, the growth of power sector has got publicized because of the national agenda, which has also highlighted the industrial lubricants oil market in Bangladesh. The demand from the industrial machiner...

Overall Lubricants Market Is Growing In Bangladesh