The U.S. oil change services industry is employer to some 101,000 people and generates approximately 12.6 billion U.S. dollars in revenue every year.

U.S. Oil Change Service Market size is expected to be worth around USD 14.8 Billion by 2034, from USD 8.2 Billion in 2024, at a CAGR of 6.1%.

Despite changes in driving patterns or economic fluctuations, demand for critical and non-discretionary auto maintenance tasks, including oil changes, remains consistent. For example, revenue jumped 2.3% in 2020 despite poor economic conditions and major lockdown restrictions leading to less driving activity. Conversely, pent-up demand for travel supported growth among oil change services, particularly as government restrictions lifted through 2021 and 2022. However, workforce shortages and increased competition from dealers, retailers with service capacity, and DIY consumers have threatened profit growth. Revenue has climbed at an expected CAGR of 6.6% to $12.6 billion through the current period, despite a 0.3% decline in 2024, where profit will reach 18.5%. Changes in crude oil prices also impacted oil change services. Higher oil prices contribute to purchasing costs, threatening profit. In particular, supply chain disruptions from the pandemic and the Russian invasion of Ukraine injected volatility into the industry. While service providers often pass these higher costs onto buyers, higher crude oil prices also contribute to higher gas prices, contributing to less driving activity. Similarly, the industry is highly competitive and saturated, preventing shops from increasing prices beyond competitors. Larger, vertically integrated companies and franchises, like Jiffy Lube, maintained strong competitive advantages, leveraging robust supply chains to manage costs. The rise of electric vehicles (EVs) poses a major threat to the oil change industry. Lower production costs, favorable government policy and accelerating climate change concerns will push more drivers to transition to EVs. EVs don't need oil, posing a major threat to the industry. Enhanced performance in newer car models that lengthen oil drain intervals will also impact demand. However, oil change services aren't predicted to endure the same level of disruption that threatens the broader auto sector; some companies may add additional services but the necessity of oil changes and the permeation of combustion engine vehicles will prevent major disruption in the short-term. With more people driving and increased vehicle miles, oil change service providers will capitalize on the rising demand. Overall, revenue will expand at an estimated CAGR of 1.3% to $13.4 billion through the outlook period, where profit will settle at 18.5%.

Market Size statistics on the Oil Change Services industry in the US

The global oil changes services market is projected to reach a value of USD X million by 2033, exhibiting a CAGR of X% during the forecast period of 2025-2033. The market growth is primarily attributed to the increasing vehicle ownership, coupled with the growing awareness about the importance of regular oil changes for optimal engine performance and longevity. Furthermore, the introduction of advanced oil filtration technologies and the growing popularity of quick and convenient oil change services are expected to drive market demand in the coming years. Key market trends include the increasing adoption of synthetic and high-mileage motor oils, as well as the emergence of mobile oil change services. Synthetic motor oils offer superior protection and performance compared to conventional oils, while high-mileage motor oils are specifically formulated for vehicles with higher mileage. Mobile oil change services provide convenience and flexibility to customers, allowing them to get their oil changed without having to visit a physical service station. The competitive landscape of the oil changes services market is characterized by the presence of both established players and emerging startups. Valvoline, Jiffy Lube, and Midas are among the leading players in the market, with a strong presence in North America and Europe. These companies offer a range of oil change services, including synthetic oil changes, high-mileage oil changes, and mobile oil change services.

According to Cognitive Market Research, the global Automotive Engine Oil market size is projected to reach USD XX million by 2024 and will expand at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.

The global Automotive Engine Oil market is anticipated to grow significantly, with a projected CAGR of XX% between 2024 and 2031.
North America held the major market share of more than XX% with a market size of USD XX million in 2024 and will grow at a CAGR of XX% from 2024 to 2031, driven by the stringent emission norms and high vehicle production rates.
The passenger cars segment held the highest Automotive Engine Oil market revenue share in 2024, attributed to the increasing passenger car sales and the rising demand for advanced lubricants for better engine performance and efficiency.

Market Dynamics - Key Drivers of the Automotive Engine Oil Market

Increasing Vehicle Production and Sales to Fuel Market Growth of the Automotive Engine Oil Market

The Automotive Engine Oil market is experiencing significant growth, driven by the increasing production and sales of vehicles globally. The rising automotive manufacturing, particularly in emerging economies, necessitates high-quality engine oils to ensure optimal vehicle performance and engine longevity. The relationship between the two industries is summed by the following statement by the Natural Resources Defence Council, “If automakers had not increased incentives for fuel-inefficient SUVs and pickups, the shift would have been more pronounced.”

For instance, the International Organization of Motor Vehicle Manufacturers (OICA) in their "World Motor Vehicle Production" report highlights a steady increase in global vehicle production, emphasizing the critical role of automotive lubricants in the industry. This trend underlines the growing demand for engine oils, contributing to the expansion of the market.

Technological Advancements in Engine Oil Formulations Enhancing Market Prospects of the Automotive Engine Oil Market

Advancements in engine oil technology, such as the development of synthetic and semi-synthetic oils, offer superior performance characteristics, including enhanced engine protection, improved fuel efficiency, and extended oil change intervals. These innovations cater to the evolving requirements of modern engines, thereby bolstering market growth.

A study by the American Petroleum Institute (API) on "Motor Oil Standards" underscores the importance of continuous innovation in lubricant formulations to meet the stringent performance and environmental standards, supporting the market's upward trajectory.

Market Dynamics - Key Restraints of the Automotive Engine Oil Market

Stringent Environmental Regulations Posing Challenges to the Automotive Engine Oil Market

Stringent environmental regulations regarding emissions and fuel economy standards pose challenges to the Automotive Engine Oil market. The shift towards electric vehicles (EVs) and the emphasis on reducing carbon footprint compel oil manufacturers to adapt their products to align with sustainable practices, potentially restricting market growth.

The U.S. Environmental Protection Agency (EPA) in their "Vehicle Emissions Standards" report outlines the regulatory framework aimed at reducing vehicular emissions, highlighting the impact of these regulations on the automotive lubricants sector and necessitating innovations to comply with environmental standards.

Impact of COVID-19 on the Automotive Engine Oil Market

The COVID-19 pandemic initially disrupted the Automotive Engine Oil market due to supply chain interruptions, manufacturing halts, and reduced vehicle usage during lockdowns. However, the market is showing signs of recovery as the automotive sector adapts to the new normal with an accelerated shift towards online sales channels and contactless services.

The International Energy Agency (IEA) in their "Global Energy Review" discusses the impact of the pandemic on the automotive and oil industries, noting the resilience and adaptability of the market in response to unprecedented challenges. The report suggests a gradual recovery, fuelled by the resurgence in vehicle sales and the adoption of digital platforms for automotive services. Introduction of the Automotive Engine Oil Market

Automotive Engine Oil is crucial for the optimal functioning of vehicle engines, offering ...

The global garage and service station market is a substantial industry experiencing steady growth. While precise figures for market size and CAGR aren't provided, based on industry trends and comparable sectors, a reasonable estimation would place the 2025 market size at approximately $500 billion USD, with a projected Compound Annual Growth Rate (CAGR) of 4% from 2025 to 2033. This growth is driven by several factors, including the increasing number of vehicles on the road globally, particularly in developing economies, and a rising demand for routine maintenance and repairs. The aging vehicle fleet in many developed nations also contributes significantly, necessitating more frequent service visits. Further fueling expansion are technological advancements within the automotive industry, leading to sophisticated repair needs and the emergence of specialized service offerings, such as electric vehicle maintenance. However, the industry faces challenges including rising labor costs, intense competition (particularly from independent garages and mobile repair services), and fluctuating fuel prices. Market segmentation reveals significant opportunities within different vehicle types and service categories. The SUV and luxury car segments are anticipated to witness robust growth due to higher maintenance costs and owners' preferences for authorized service centers. Similarly, services like collision repair and mechanical repairs are expected to remain dominant segments, while the oil change and lubrication segment may show slower growth due to the increasing prevalence of vehicles with longer oil change intervals. Geographic variations exist; North America and Europe are expected to maintain substantial market shares due to established automotive infrastructure and high vehicle ownership rates. However, rapidly growing economies in Asia-Pacific, particularly in India and China, present immense potential for future expansion. This dynamic landscape necessitates strategic planning for industry players to effectively navigate market competition and capitalize on emerging opportunities. The ongoing shift towards electric vehicles and advancements in autonomous driving technology also present both challenges and opportunities for the garage and service station industry, necessitating adaptability and innovation to remain competitive.

Automotive Lubrication Service Market Outlook

The global market size for automotive lubrication services was valued at approximately USD 50 billion in 2023 and is projected to reach around USD 75 billion by 2032, growing at a CAGR of 4.5%. This growth is primarily driven by the increasing vehicle parc, rising awareness about vehicle maintenance, and the growing focus on enhancing vehicle performance and longevity.

The primary growth factor for the automotive lubrication service market is the expanding global vehicle population. With an unprecedented increase in the number of passenger cars and commercial vehicles on the roads, the demand for regular maintenance services, including lubrication, is on the rise. Vehicle owners are becoming more aware of the importance of timely lubrication to ensure optimal performance and extend the lifespan of their vehicles. Further contributing to this trend is the increasing complexity of modern vehicles, which require specialized lubrication services.

Another significant growth driver is the stringent governmental regulations regarding emissions and fuel efficiency. Regulatory bodies across the globe are imposing strict norms to reduce vehicular emissions, which necessitates the use of high-quality lubricants that enhance engine efficiency and reduce emissions. This has led to an uptick in demand for advanced lubrication services, thereby boosting market growth. Additionally, the rise in disposable income, particularly in developing economies, is enabling more consumers to afford regular maintenance services for their vehicles, further propelling market expansion.

The technological advancements in lubricants and lubrication equipment are also fuelling market growth. Innovations such as synthetic and semi-synthetic oils, which offer superior performance and longer service intervals, are gaining popularity. Moreover, advanced lubrication systems that ensure precise and efficient delivery of lubricants are being increasingly adopted. These technological advancements not only improve vehicle performance but also reduce the frequency of oil changes, thus driving the demand for specialized lubrication services.

Regionally, the market is witnessing diverse growth patterns. The Asia Pacific region, driven by burgeoning automobile sales in countries like China and India, represents the largest market share and is expected to continue its dominance. In North America and Europe, the market is characterized by high penetration of advanced lubrication services, given the stringent environmental regulations and the presence of a mature automotive industry. The Middle East & Africa and Latin America are emerging markets with significant growth potential, attributed to increasing vehicle ownership and infrastructural developments.

Service Type Analysis

The automotive lubrication service market is segmented by service type into engine oil change, transmission fluid change, brake fluid change, coolant change, and others. The engine oil change segment holds the largest market share, driven by the critical role engine oil plays in maintaining engine health and performance. Engine oil changes are the most frequent type of maintenance service required for vehicles, contributing significantly to the overall market revenue.

Transmission fluid change is another essential segment, particularly for automatic and semi-automatic transmission vehicles. Regular transmission fluid changes are crucial for the smooth operation of the transmission system, preventing overheating and ensuring efficient power transfer. The growing adoption of automatic transmission vehicles is expected to drive the demand for transmission fluid change services over the forecast period.

Brake fluid change is a vital service for ensuring vehicle safety. Brake fluid is hygroscopic, meaning it absorbs moisture over time, which can lead to brake failure if not replaced regularly. As vehicles become more advanced with features such as ABS and electronic stability control, the importance of regular brake fluid changes is becoming increasingly recognized, thus driving market growth.

The coolant change segment is also witnessing significant growth, driven by the need to maintain the engine's optimal operating temperature. Coolants also prevent corrosion and formation of deposits within the engine, thereby enhancing its lifespan. With the shift towards more powerful and compact engines, the demand for efficient cooling systems and regular coolant changes is on the rise.

Pennzoil was the 2018 market leader among motor oil brands in United States fast lubes, with a market share of 39 percent, up from second place with a market share of 18 percent the year previous. In second place was Valvoline, with a 22 percent share of the market.

Fast lubes in the United States

Fast lubes refer to the automobile fuel and fluid maintenance shops that provide quick services such as oil changes to customers. As of April 2018, semi-synthetic oil changes were the most common type of oil change performed in U.S. fast lubes. In second place were conventional oil changes. Among synthetic motor oils, Pennzoil was also the leading brand sold in U.S. fast lubes, at a market share of 38 percent in 2018.

U.S. motor oil industry

Motor oil is made up of an assortment of substances that consist of base oils that are strengthened with additives. There are a variety of weights and grades of motor oils available, each suited to different types of vehicles. In 2018, motor oil 5W-30 accounted for 36 percent of the sales in U.S. fast lube shops. 5W-20 made up 20 percent of the sales in U.S. fast lube shops, and OW-20 made up 13 percent of sales. It is estimated that in 2018 U.S. motor oil consumption amounted to 567 million gallons in the private sector, and it is forecast to decrease to 561 million gallons in 2024.

Snapshot img

Automotive Repair And Maintenance Services Market Size 2025-2029

The automotive repair and maintenance services market size is forecast to increase by USD 154.1 billion, at a CAGR of 5.7% between 2024 and 2029.

The market is shaped by three key drivers and challenges. Firstly, the increasing emphasis on passenger safety is fueling market growth, as consumers prioritize regular vehicle inspections and maintenance to ensure the well-being of their families. Secondly, the surge in popularity of electric vehicles is creating new opportunities for service providers, as these vehicles require specialized expertise and equipment for repair and maintenance. However, the market also faces challenges, including the growing use of public transport and ride-sharing services, which may reduce the demand for personal vehicle maintenance. Additionally, the increasing complexity of modern vehicles poses a significant challenge, as repair and maintenance require advanced technical skills and knowledge. Companies in this market must adapt to these trends and challenges by investing in training and technology to meet evolving consumer needs and expectations.

What will be the Size of the Automotive Repair And Maintenance Services Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, with ongoing dynamics shaping various sectors. From water pump replacement and axle repair to muffler replacement and shop equipment, the industry remains in a constant state of change. Rotor resurfacing, brake repair, and clutch repair are essential services that keep vehicles running smoothly. Synthetic blend oil, mass airflow sensors, and brake pad replacement are just a few examples of the advanced technologies integrated into modern vehicles. Mechanic certification, windshield repair, and online booking are innovations that enhance the customer experience. Electrical system repair, ball joint replacement, and engine tune-up are crucial services that ensure optimal vehicle performance. Transmission fluid, alternator replacement, and catalytic converter repairs are essential for maintaining the longevity of a vehicle's powertrain. The industry's continuous evolution is also reflected in the emergence of specialized tools, such as OBD-II scanners and diagnostic scan tools. Preventative maintenance practices, like oil changes, air conditioning repair, and fluid flushes, are increasingly popular as vehicle owners seek to minimize repair costs and extend the life of their vehicles. Moreover, safety regulations continue to drive advancements in cooling system repair, motor oil, and exhaust system repair. The integration of sensor replacement, steering system repair, and suspension repair into routine maintenance schedules is transforming the industry's approach to vehicle upkeep. In conclusion, the market is characterized by continuous dynamism, with a diverse range of services and technologies shaping its evolution. From water pump replacement to online booking, the industry remains focused on meeting the evolving needs of vehicle owners and ensuring optimal performance and safety.

How is this Automotive Repair And Maintenance Services Industry segmented?

The automotive repair and maintenance services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeICEElectricServiceTiresWear and tear partsCollision bodyBatteriesOthersVehicle TypePassenger vehicleCommercial vehicleChannelOnline booking and on-demand servicesWalk-in service centersSubscription-based maintenance plansGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth KoreaRest of World (ROW)

By Type Insights

The ice segment is estimated to witness significant growth during the forecast period.The market encompasses various offerings, including spring replacement, tire balancing, timing belt replacement, body repair, driveshaft repair, radiator repair, control arm replacement, appointment scheduling, tire rotation, adherence to safety regulations, cooling system repair, motor oil changes, automatic transmission service, exhaust pipe repair, paint repair, starter replacement, catalytic converter repair, ignition system repair, strut replacement, OBD-II scanner utilization, fuel system repair, wheel alignment, caliper replacement, suspension repair, sensor replacement, steering system repair, lift equipment usage, oil changes, air conditioning repair, warranty claims processing, engine diagnostics, fuel injector cleaning, oxygen sensor replacement, wheel bearing replacement, thermostat replacement, transmission service, differential fluid replacement,

The global oil lift drain market is experiencing robust growth, driven by the increasing demand for efficient and safe oil change solutions across commercial and residential sectors. While precise market size figures for 2025 were not provided, considering typical market growth trajectories and referencing similar industry sectors, a reasonable estimate for the 2025 market value would be $1.5 billion USD. This assumes a steady growth rate (CAGR) consistent with the automotive aftermarket and related maintenance industries, which often exhibit a CAGR between 4% and 7%. With this estimation, assuming a CAGR of 5%, the market is projected to reach approximately $2 billion USD by 2033. Key drivers include the expanding automotive sector, rising vehicle ownership globally, especially in emerging economies, and the increasing preference for quick and convenient oil change services. Further growth is fueled by technological advancements in oil lift drain systems, leading to enhanced safety features and improved efficiency. The market is segmented by lift type (air pressure, gravity) and application (commercial, residential), with the commercial segment holding a larger share due to higher volume needs in garages and service centers.
The market, however, faces some restraints. These include increasing labor costs, fluctuating raw material prices (especially for metals used in construction), and the potential for substitution with alternative oil change technologies. Competitive pressures among established players like Lisle Corporation, Lincoln, RAASM, SAMOA, Bendpak, and Lumax are also influencing pricing and market share dynamics. Future market trends will likely be shaped by the increasing adoption of electric and hybrid vehicles, which may alter oil change frequency and the demand for traditional oil lift drain systems. Manufacturers are expected to innovate to adapt to this shift. Regionally, North America and Europe currently hold significant market shares; however, rapid growth is anticipated in Asia-Pacific regions due to increasing vehicle sales and infrastructure development.

Thus, the repair and maintenance service market is likely to grow from USD 1,033.6 Billion in 2025 to nearly USD 2,065.2 Billion by 2035, getting a CAGR of 7.2% along the way. The facility covers a multitude of services which broadly include like mechanical repairs, diagnostics, bodywork, tire services, oil changes, brake replacements, and preventive maintenance.

Country-wise Insights

Competitive Outlook

Market Analysis: Auto Repair Market The global auto repair market is projected to reach a value of USD 916.9 billion by 2033, exhibiting a CAGR of 10.50% during the forecast period (2025-2033). The market growth is primarily driven by factors such as rising vehicle ownership, increasing mileage, and the proliferation of complex electronic systems in vehicles. Additionally, advancements in vehicle technology, including the integration of connected and autonomous features, are expected to create new opportunities for auto repair services. The growing popularity of electric vehicles (EVs) is also anticipated to contribute to market demand, as EVs require specialized maintenance and repair services. The auto repair market is segmented by service type (mechanical, exterior & structural, electrical, and maintenance) and vehicle type (passenger cars, two-wheelers, electric vehicles, hybrid vehicles, commercial vehicles, and luxury vehicles). In terms of region, the market is divided into North America, South America, Europe, Middle East & Africa, and Asia Pacific. Key market players include Bosch Car Service, ADNOC, Nippon Express Co., Car Parts.com Inc., Belron International Ltd., EUROPART Holding GmbH, and LKQ Corporations. Recent developments include: In January 2023, AutoNation, Inc., the largest auto retailer in the United States, announced that it has successfully acquired epairSmith, a full-service mobile solution for vehicle repair and maintenance with a significant operational footprint in the western and southern US. RepairSmith is situated in Los Angeles., In July 2022, FullSpeed Automotive TM announced aggressive growth intentions through acquisitions to achieve its goal of 1,000 units by the end of 2023. FullSpeed automobile® is a renowned franchisor and operator of automobile aftermarket repair facilities, including the flagship brands Grease Monkey® and SpeeDee Oil Change & Auto Service®., In October 2019, Driven Brands Inc., a US vehicle aftermarket company, finalized its acquisition of ABRA Automotive Systems LP.. Key drivers for this market are: Rising vehicle ownership Technological advancements. Potential restraints include: Rising labor costs Availability of counterfeit and substandard parts. Notable trends are: On-demand and mobile repair services Telematics and data analytics.

In the fourth quarter of 2023, there were nearly ******* auto repair and maintenance centers in the U.S., a *** percent increase from the previous year. Between the fourth quarter of 2010 and 2023, the industry added nearly ****** establishments. Automotive repair The number of vehicles in operation in the United States has mostly risen and the most recent estimates suggest that the average age of vehicles on U.S. roads is increasing every year. These trends indicate that the automotive repair industry has room for growth.U.S. automotive repair sector forecasts There are many sectors in the U.S. automotive repair industry. Routine services such as oil changes, tire repair, and air conditioning, as well as non-routine services such as rust-proofing and exterior painting are all considered part of the repair industry. Forecasts indicate that body, paint, and interior repair revenues could grow in recent years. Other sectors are also projected to grow over time as well.

The gross output of the U.S. oil and gas extraction industry stood at 478.75 billion U.S. dollars in 2023, up from 652.94 billion dollars in the previous year. Gross output saw a net increase since 2017 and generally reflect changes in crude oil prices and underlying world market developments. Growth in industry's value added Taking into account the cost of services and goods used during production, the industry's value added has increased along greater gross output. In 2023, value added by the U.S. oil and gas extraction industry climbed to over 250 billion U.S. dollars. Trends in domestic oil production Domestic oil production has grown exceptionally since technological advances and historically high oil prices made shale mining profitable. Between 2008 and 2023, U.S. oil production increased nearly three-fold, reaching a new peak in the latter year.

Snapshot img

Compressor Oil Market Size 2025-2029

The compressor oil market size is forecast to increase by USD 1.63 billion at a CAGR of 5.3% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the rapid industrialization in emerging economies. This trend is particularly evident in sectors such as power generation, oil and gas, and manufacturing, where compressor usage is prevalent. A secondary factor fueling market expansion is the transition towards synthetic and bio-based oils, which offer enhanced performance and environmental benefits. However, market growth is not without challenges. Volatility in raw material prices poses a significant obstacle, as compressor oil formulations often rely on petroleum-derived feedstocks. The market is experiencing significant growth due to the increasing demand for electricity in various sectors, including renewable energy generation and oil and gas.
Furthermore, regulatory hurdles impact adoption, with stringent environmental regulations driving the need for more sustainable oil alternatives. To capitalize on market opportunities and navigate these challenges effectively, companies must stay abreast of emerging technologies and regulatory developments, while also focusing on supply chain optimization and cost management strategies.

What will be the Size of the Compressor Oil Market during the forecast period?

Request Free Sample

The market is characterized by intricate pressure-temperature relationships and refrigerant compatibility considerations. Compressor maintenance programs prioritize oil seal and cooler maintenance to ensure optimal compressor performance and safety. Compressor market segmentation includes oil-free and fire-resistant compressors, each requiring specific oil types and consumption levels. Compressor safety standards mandate regular oil analysis reports and lubrication intervals to prevent dry-running compressors and oil mist leakage. Innovations in compressor technology include high-performance oils and biodegradable options, aligning with environmental sustainability trends. Oil cooler efficiency, oil filter effectiveness, and compressor performance optimization are essential factors influencing compressor industry trends. Centrifugal compressors are used in various applications that help reduce greenhouse gas emissions, such as natural gas production and renewable power generation. Compressor technology advancements also focus on oil pressure management, oil degradation testing, and oil lifecycle management.
Compressor customer profiles dictate varying compressor warranty terms and compressor repair services requirements. Compressor regulatory requirements mandate oil level monitoring and oil separator implementation. Low-viscosity oils are gaining popularity for their energy efficiency benefits. In the compressor industry, compressor technology trends prioritize oil consumption reduction and compressor sustainability. Oil quality, compressor performance, and compressor technology advancements continue to shape the market landscape.

How is this Compressor Oil Industry segmented?

The compressor oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Mineral-base
  Synthetic-base
  Bio-based


Application

  Positive displacement compressor
  Dynamic compressor


End-user

  Industrial machinery
  Automotive
  Oil and gas
  Power
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The mineral-base segment is estimated to witness significant growth during the forecast period. In the market, mineral-based oils derived from refined crude oil remain popular due to their affordability and basic lubrication properties. These oils cater to compressors operating under standard conditions, providing satisfactory wear protection, corrosion resistance, and oxidation stability for general-purpose applications. However, mineral-based oils have a shorter service life compared to synthetic alternatives and necessitate more frequent oil changes, particularly in demanding environments. They are commonly used in light- to medium-duty compressors across industries such as small-scale manufacturing, construction, and HVAC maintenance. Polyglycol (PG) and dispersant additives are incorporated into mineral oil to enhance its performance in extreme compressor operating conditions, such as high temperatures and pressures. The expansion of various sectors such as oil and gas, industrial gases, beverage manufacturing, food preparation and packaging, and chemical and petrochemical in

The U.S. automotive lubricants market, while exhibiting a relatively modest CAGR of 0.99%, demonstrates significant potential for growth driven by several key factors. The increasing number of vehicles on the road, particularly passenger vehicles and commercial trucks, fuels demand for regular oil changes and lubricant replenishment. Furthermore, advancements in engine technology, including the adoption of higher-performance engines in both passenger cars and commercial vehicles, necessitate the use of specialized, higher-quality lubricants, thereby impacting market value. The shift towards synthetic lubricants, offering superior performance and extended drain intervals, represents a key trend driving premiumization within the market. This trend is further amplified by increased consumer awareness regarding the importance of regular maintenance and the long-term benefits of high-quality lubricants in maintaining vehicle performance and extending engine lifespan. However, fluctuating crude oil prices pose a significant restraint, impacting production costs and potentially influencing market pricing. Competition among established players like ExxonMobil, Chevron, and Castrol, along with the emergence of specialized lubricant manufacturers, necessitates a focus on innovation and brand differentiation to maintain market share. The segmentation within the market, encompassing diverse lubricant types such as engine oils, greases, and transmission fluids, caters to various vehicle types and specific lubrication requirements, further adding complexity to market dynamics. Focusing specifically on the US market, we can estimate the market size in 2025 based on global trends and regional market shares. Considering North America’s substantial automotive industry and relatively high vehicle ownership rates, it’s reasonable to assume a significant portion of the global market resides within the U.S. Assuming a conservative market share of 25% for the U.S. within the overall market represented by the given CAGR, we can extrapolate a substantial market value for the U.S. automotive lubricants market. The continued growth in the commercial vehicle segment, driven by e-commerce and logistics expansion, will provide sustained demand. Similarly, the passenger vehicle sector will contribute significantly due to increased vehicle sales and a growing consumer preference for higher-quality lubricants. While fluctuating oil prices remain a concern, the demand for specialized lubricants and synthetic blends is expected to mitigate some of the price-related impacts. Recent developments include: January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.July 2021: Mighty Distributing System (Mighty Auto Parts), a pioneer in automotive aftermarket goods and services, announced a new relationship with Total Specialties USA. It would target the Quartz Ineo and Quartz 9000 sub-ranges, geared for light automobiles and meet European OEMs' most stringent criteria.. Notable trends are: Largest Segment By Vehicle Type : Passenger Vehicles.