https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The report covers top lubricant companies in USA and the market is segmented by vehicle type (commercial vehicles, motorcycles, passenger vehicles) and by product type (engine oils, greases, hydraulic fluids, transmission & gear oils).
https://www.techsciresearch.com/privacy-policy.aspxhttps://www.techsciresearch.com/privacy-policy.aspx
United States Automotive Lubricants Market was valued at USD 9.02 Billion in 2024 and is expected to reach USD 11.98 Billion by 2030 with a CAGR of 4.8% during the forecast period
Pages | 70 |
Market Size | 2024: USD 9.02 Billion |
Forecast Market Size | 2030: USD 11.98 Billion |
CAGR | 2025-2030: 4.8% |
Fastest Growing Segment | Light Commercial Vehicle (LCV) |
Largest Market | West |
Key Players | 1 ExxonMobil Corporation 2 Valvoline Inc. 3 Pennzoil-Quaker State Company dba SOPUS Products 4 Castrol Limited 5 Chevron U.S.A. Inc. 6 Calumet Branded Products, LLC 7 AMSOIL INC. 8 Lucas Oil Products, Inc. 9 Motul S.A. 10 Red Line Synthetic Oil Corporation |
This statistic shows the market volume of automotive lubricants in the United States from 2014 to 2016, with forecasted figures for 2017 to 2025, by product. It is forecasted that in 2025, the U.S. market volume of engine oil will be some *** million tons.
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The United States Lubricants Market is segmented by End User ( Automotive, Heavy Equipment, Metallurgy & Metalworking, Power Generation ) and by Product Type ( Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Transmission & Gear Oils )
This statistic shows the estimated market value of automotive lubricants in the United States from 2014 to 2016, with forecasted figures for 2017 to 2025. It is forecasted that the U.S. market value of automotive lubricants will amount to nearly ** billion U.S. dollars in 2025.
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The report covers North America Automotive Lubricants Manufacturers and the market is segmented by Vehicle Type (Commercial Vehicles, Motorcycles, Passenger Vehicles), by Product Type (Engine Oils, Greases, Hydraulic Fluids, Transmission & Gear Oils) and by Country (Canada, Mexico, US).
https://www.expertmarketresearch.com/privacy-policyhttps://www.expertmarketresearch.com/privacy-policy
The United States automotive lubricants market value reached approximately USD 8.48 Billion in 2024. The market is projected to grow at a CAGR of 1.90% between 2025 and 2034, reaching a value of around USD 10.24 Billion by 2034.
https://www.factmr.com/privacy-policyhttps://www.factmr.com/privacy-policy
Worldwide revenue from the sales of automotive lubricants is set to reach US$ 84 billion in 2024 and thereafter increase at a CAGR of 3.1% to end up at US$ 114 billion by 2034.
Report Attributes | Details |
---|---|
Automotive Lubricant Market Size (2024E) | US$ 84 Billion |
Forecasted Market Value (2034F) | US$ 114 Billion |
Global Market Growth Rate (2024 to 2034) | 3.1% CAGR |
South Korea Market Value (2034F) | US$ 3.9 Billion |
Gear Oil Demand Growth Rate (2024 to 2034) | 3.3% CAGR |
Key Companies Profiled |
|
Country-wise Analysis
Attribute | United States |
---|---|
Market Value (2024E) | US$ 13 Billion |
Growth Rate (2024 to 2034) | 1.2% CAGR |
Projected Value (2034F) | US$ 14.7 Billion |
Attribute | China |
---|---|
Market Value (2024E) | US$ 10.7 Billion |
Growth Rate (2024 to 2034) | 4.2% CAGR |
Projected Value (2034F) | US$ 16.1 Billion |
Category-wise Analysis
Attribute | Brake Oil |
---|---|
Segment Value (2024E) | US$ 18.9 Billion |
Growth Rate (2024 to 2034) | 3.2% CAGR |
Projected Value (2034F) | US$ 26 Billion |
Attribute | Miner Oil |
---|---|
Segment Value (2024E) | US$ 59.9 Billion |
Growth Rate (2024 to 2034) | 3.1% CAGR |
Projected Value (2034F) | US$ 81 Billion |
https://www.marketreportanalytics.com/privacy-policyhttps://www.marketreportanalytics.com/privacy-policy
The United States passenger vehicles lubricants market, valued at approximately $15 billion in 2025, is projected to experience steady growth, driven by a rising vehicle population and increasing miles driven annually. The market's Compound Annual Growth Rate (CAGR) of 0.98% from 2019 to 2024 suggests a relatively stable, mature market, but underlying trends point to subtle shifts. Growth is being fueled by the increasing adoption of advanced engine technologies requiring specialized lubricants, particularly in newer vehicles. The shift toward higher fuel efficiency standards indirectly impacts lubricant demand, as manufacturers optimize engine designs to minimize friction and energy loss. The market is segmented into engine oils, greases, hydraulic fluids, and transmission & gear oils, with engine oils dominating market share due to frequent replacement needs. Major players like AMSOIL, Castrol, Chevron, ExxonMobil, and others, compete intensely, focusing on brand recognition, technological advancements, and distribution networks. However, price fluctuations in crude oil and increasing environmental regulations present challenges to consistent growth. Looking ahead to 2033, the market is expected to witness moderate expansion, influenced by evolving consumer preferences for longer-lasting, higher-performance lubricants and the increasing focus on sustainability. The growing adoption of electric vehicles (EVs) poses a potential long-term threat, albeit a gradual one, as EVs require fewer lubricants compared to traditional internal combustion engine vehicles. However, the ongoing growth in the fleet of hybrid vehicles offers a potential counterbalance, maintaining demand for specialized lubricants in this segment. The competitive landscape will likely continue to consolidate, with larger players acquiring smaller businesses and emphasizing innovation to meet evolving market demands. Continued research and development efforts will likely focus on developing environmentally friendly lubricants that meet stringent emission standards and performance criteria. Recent developments include: 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.June 2021: TotalEnergies and Stellantis group renewed their partnership for cooperation across different segments. Along with the renewal of partnerships with Peugeot, Citroën, and DS Automobiles, the new collaboration extends to Opel, and Vauxhall as well. This partnership includes the development and innovation of lubricants, first-fill in Stellantis group vehicles, recommendation of Quartz lubricants, and shared usage of charging stations operated by TotalEnergies, among others.May 2021: CITGO Lubricants launched its new motor oils (SuperGard) to meet the ILSAC GF-6 Motor Oils Standard. These oils address the requirement for improved mileage and upgraded motor abilities for passenger vehicles.. Notable trends are: Largest Segment By Product Type : Engine Oils.
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The Automotive Lubricants Market Report is Segmented by Product Type (Engine Oil, Transmission and Gear Oil, Hydraulic Fluids, Greases), Vehicle Type (Passenger Vehicles, Commercial Vehicles, Motorcycles), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa).
https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy
The United States lubricants market size was valued at USD XX million in 2025 and is projected to grow at a CAGR of XXX% from 2025 to 2033. The growth of the market can be attributed to rising demand from automotive, heavy equipment, and industrial sectors. Increasing government regulations regarding emissions and energy efficiency are also driving the adoption of high-performance lubricants. Key factors driving the United States lubricants market include growing demand from the automotive sector, increasing urbanization, and the rising popularity of electric vehicles. Additionally, the increasing awareness of the benefits of lubricants, such as reduced friction and wear, improved efficiency, and extended equipment life, is further contributing to the market growth. The presence of leading manufacturers such as BP Plc, Chevron Corporation, and ExxonMobil Corporation further strengthens the market landscape. Recent developments include: May 2022: TotalEnergies, NEXUS Automotive Extend Strategic Partnership for a period of five years. As part of this partnership, TotalEnergies Lubricants will be expanding its presence in the burgeoning N! community, which has seen rapid growth in sales from EUR 7.2 billion in 2015 to nearly EUR 35 billion by the end of 2021.March 2022: ExxonMobil Corporation company has appointed Jay Hooley as lead managing director of the company.January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.. Notable trends are: Largest Segment By End User : Automotive.
https://www.expertmarketresearch.com/privacy-policyhttps://www.expertmarketresearch.com/privacy-policy
The North America automotive lubricants market size reached approximately USD 22.56 Billion in 2024. The market is projected to grow at a CAGR of 4.20% between 2025 and 2034, reaching a value of around USD 34.04 Billion by 2034.
https://www.archivemarketresearch.com/privacy-policyhttps://www.archivemarketresearch.com/privacy-policy
The North American automotive lubricants market is a substantial industry, exhibiting steady growth. While the exact market size for 2025 is not provided, a reasonable estimate can be derived considering a 0.99% CAGR from a prior year. Assuming a market size of $X billion in 2019 (a figure easily researched via industry reports), applying a 0.99% CAGR for six years (2019-2025), the 2025 market size could be reasonably estimated at approximately $Y billion. (Note: Replace X and Y with realistic estimations based on publicly available data on the North American automotive lubricant market size in 2019. This could be sourced from market research firms like IBISWorld, Statista, or similar). This consistent, albeit moderate, growth is driven by factors such as the increasing number of vehicles on the road, expanding fleet sizes for commercial and logistics purposes, and the persistent demand for high-performance lubricants that enhance engine efficiency and longevity. Trends point towards a growing preference for synthetic lubricants due to their superior performance and longer lifespan, although the penetration of electric vehicles may present a future challenge. Restraining factors include price fluctuations in crude oil, which directly impacts lubricant production costs, and environmental regulations that necessitate the development and adoption of more eco-friendly formulations. The competitive landscape is dominated by major international players like ExxonMobil, Shell, and BP, alongside regional and specialized companies like Valvoline and AMSOIL. These companies are actively investing in research and development to create next-generation lubricants that meet the ever-evolving needs of the automotive industry. The forecast period (2025-2033) suggests continued growth driven by technological advancements, particularly in the development of energy-efficient lubricants and those catering to hybrid and electric vehicles. However, the rate of growth will likely be influenced by the overall economic conditions, adoption of electric vehicles, and shifts in governmental regulations. A continued CAGR of 0.99% is plausible, indicating a consistently expanding market, albeit at a gradual pace. Precise forecasting requires a more detailed understanding of potential disruptive technologies and their time-to-market adoption. Key drivers for this market are: Increasing Automotive Production and Sales, Increasing Adoption of High-performance Lubricants. Potential restraints include: Extended Drain Intervals, Modest Impact of Electric Vehicles (EVs) in the Future. Notable trends are: Largest Segment By Vehicle Type : Passenger Vehicles.
According to our latest research, the global automotive lubricants market size stood at USD 74.2 billion in 2024, driven by the rising demand for efficient vehicle maintenance and the expanding global automotive fleet. The market is projected to grow at a steady CAGR of 3.6% between 2025 and 2033, reaching an estimated value of USD 102.1 billion by 2033. This growth is primarily fueled by the increasing production and sales of vehicles worldwide, alongside advancements in lubricant technology and stricter emission regulations that necessitate high-performance lubricants.
One of the most significant growth drivers for the automotive lubricants market is the global expansion of the automotive industry, particularly in emerging economies. Rapid urbanization, rising disposable incomes, and improved road infrastructure have led to a surge in vehicle ownership across Asia Pacific, Latin America, and parts of Africa. As the number of vehicles on the road increases, so does the demand for lubricants essential for maintaining engine health, reducing friction, and prolonging vehicle life. Furthermore, the proliferation of both passenger and commercial vehicles has led to a diversified demand for various lubricant types, including engine oils, transmission fluids, and greases, ensuring consistent market expansion across all segments.
Another critical factor propelling the growth of the automotive lubricants market is the continuous evolution in lubricant formulation and technology. The industry is witnessing a shift towards high-performance synthetic and semi-synthetic lubricants that offer superior protection, extended oil change intervals, and improved fuel efficiency. Manufacturers are investing heavily in research and development to create products that meet the stringent requirements of modern engines, which are becoming more compact and operate at higher temperatures. Moreover, the integration of advanced additives to enhance the anti-wear, anti-corrosion, and viscosity properties of lubricants further supports market growth, as end-users seek products that maximize vehicle performance and lifespan.
Environmental regulations and sustainability trends are also shaping the automotive lubricants market. Governments worldwide are implementing stricter emission standards, compelling automakers and lubricant manufacturers to adopt eco-friendly solutions. The rising popularity of bio-based and low-viscosity lubricants is a direct response to these regulatory pressures, as such products help reduce carbon emissions and environmental impact. Additionally, the push for circular economy practices and recycling initiatives in the automotive sector is encouraging the development and adoption of biodegradable lubricants, creating new opportunities for market players to innovate and differentiate their offerings.
Regionally, the Asia Pacific market dominates the global landscape, accounting for the largest share of both production and consumption of automotive lubricants. This is attributed to the region's robust automotive manufacturing sector, particularly in China, India, and Japan, as well as the growing vehicle parc. North America and Europe follow, driven by mature automotive industries and a strong aftermarket for vehicle maintenance products. Meanwhile, Latin America and the Middle East & Africa are emerging as promising markets, supported by increasing investments in infrastructure and rising vehicle ownership. Each region presents unique growth dynamics, reflecting differences in vehicle types, regulatory environments, and consumer preferences.
The product type segment within the automotive lubricants market is highly diversified, encompassing engine oil, transmission fluid, gear oil, brake fluid, coolants, greases, and other specialty lubricants. Engine oil remains the most dominant product, accounting for the largest market share in 2024. Its critical role in reduc
Lubricants Market Size 2025-2029
The lubricants market size is forecast to increase by USD 26.7 billion at a CAGR of 3.5% between 2024 and 2029.
The market is experiencing significant growth due to the increasing demand from various end-user industries, including automotive, manufacturing, and power generation. This trend is driven by the rising production levels and the need for efficient machinery operations. Another key driver in the market is the emergence of bio-based lubricants, which offer environmental benefits and are gaining popularity due to growing concerns over sustainability and reducing carbon footprints. However, the market is not without challenges. Fluctuations in crude oil prices pose a significant threat to the market, as lubricants are derived from crude oil and price volatility can impact the cost structure of lubricant manufacturers.
Additionally, the market faces regulatory challenges, particularly in relation to emissions standards and the phasing out of certain lubricant types due to environmental concerns. Companies in the market must stay abreast of these trends and challenges to effectively capitalize on opportunities and navigate obstacles. Adapting to the shifting market dynamics through innovation, sustainability, and regulatory compliance will be crucial for success.
What will be the Size of the Lubricants Market during the forecast period?
Request Free Sample
The market continues to evolve, driven by advancements in technology and shifting market dynamics. Performance testing and enhancers play a crucial role in ensuring optimal equipment functionality, while corrosion protection and wear resistance are essential for extending asset life. The shift towards renewable resources and sustainable lubricants, such as bio-based and synthetic options, is gaining momentum. Surface science and additive chemistry are key areas of focus, as they enhance lubricant properties, including temperature stability and oxidation resistance. Fuel economy and emission reduction are critical factors in the transportation sector, leading to the development of green lubricants. Metalworking fluids, hydraulic fluids, and gear oils are increasingly being formulated with advanced additives for improved performance and regulatory compliance.
Lubrication management and oil analysis are essential for maintaining equipment efficiency and ensuring safety. Safety data sheets are a vital component of this process, providing essential information on handling and disposal. Life cycle analysis and supply chain management are also crucial aspects of the lubricants industry, as they help minimize environmental impact and optimize costs. Regulatory compliance and environmental regulations continue to shape the market, driving innovation in areas such as emission reduction and base oil selection. Friction reduction and quality control are also essential considerations for various industries, from heavy duty to automotive applications.
How is this Lubricants Industry segmented?
The lubricants 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.
Application
Automotive oils
Industrial oils
Process oils
Metalworking fluids
Greases
Product
Mineral oil-based lubricants
Synthetic lubricants
Bio-based lubricants
Grade Type
Group I
Group II
Group III
Group IV
Group V
End-user
Transportation
Manufacturing
Construction
Mining
Agriculture
Others
Distribution Channel
Direct Sales
Distributors/Wholesalers
Retail
Online
Geography
North America
US
Canada
Europe
France
Germany
Italy
UK
Middle East and Africa
Egypt
KSA
Oman
UAE
APAC
China
India
Japan
South America
Argentina
Brazil
Rest of World (ROW)
By Application Insights
The automotive oils segment is estimated to witness significant growth during the forecast period.
The automotive industry's expansion, fueled by rising production and increasing demand, particularly in developing countries like China, India, Brazil, and Indonesia, drives the demand for lubricants. Automotive lubricants, essential components in oils such as engine oils, hydraulic oils, and shock absorber fluids, play a crucial role in reducing friction and wear, enhancing fuel economy, and extending the life of automotive components. These benefits are increasingly important as the automotive industry faces stringent environmental regulations, necessitating the use of bio-based and synthetic lubricants, as well as additives for oxidation stability, temperature stability, and wear resistance. The lubricant industry also focuses on improving performance through condition monitor
https://www.marketreportanalytics.com/privacy-policyhttps://www.marketreportanalytics.com/privacy-policy
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.
https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy
The United States passenger vehicles lubricants market size is projected to reach $XX million by 2033, growing at a CAGR of 0.98% from 2025 to 2033. The growth of the market is attributed to the increasing demand for passenger vehicles, the growing popularity of synthetic lubricants, and the rising awareness of the importance of vehicle maintenance. Key drivers of the market include the growing popularity of electric and hybrid vehicles, the increasing demand for high-performance lubricants, and the rising adoption of advanced lubrication technologies. However, the market is restrained by factors such as the high cost of synthetic lubricants and the environmental concerns associated with the use of lubricants. The market is segmented by product type, application, and region. By product type, the engine oils segment is expected to account for the largest share of the market during the forecast period. By application, the passenger cars segment is expected to dominate the market. The United States is the largest market for passenger vehicles lubricants in the world. Recent developments include: 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.June 2021: TotalEnergies and Stellantis group renewed their partnership for cooperation across different segments. Along with the renewal of partnerships with Peugeot, Citroën, and DS Automobiles, the new collaboration extends to Opel, and Vauxhall as well. This partnership includes the development and innovation of lubricants, first-fill in Stellantis group vehicles, recommendation of Quartz lubricants, and shared usage of charging stations operated by TotalEnergies, among others.May 2021: CITGO Lubricants launched its new motor oils (SuperGard) to meet the ILSAC GF-6 Motor Oils Standard. These oils address the requirement for improved mileage and upgraded motor abilities for passenger vehicles.. Key drivers for this market are: Increasing Automotive Production and Sales, Increasing Adoption of High-performance Lubricants. Potential restraints include: Extended Drain Intervals, Modest Impact of Electric Vehicles (EVs) in the Future. Notable trends are: Largest Segment By Product Type : Engine Oils.
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
Lubricant oil manufacturers have faced significant volatility in recent years because of fluctuating crude oil prices and shifting economic conditions. During the pandemic, demand for lubricant oil plummeted as industrial activity and automobile usage dropped, causing revenue to plunge. As the economy reopened and oil prices surged, revenue rebounded sharply in 2021 and 2022. However, recessionary fears resulting from the Federal Reserve’s interest rate hikes, along with a drop in oil prices post-pandemic, pressured revenue again in 2023 and kept it flat in 2024. Tariffs and new economic uncertainties have reignited concerns about future demand, with forecasts indicating a potential revenue decline in 2025. The industry has also consolidated as larger companies with broader resources weathered volatility better than smaller firms. Specialization in niche and high-performance products, such as synthetic and recycled oils, has driven customer loyalty and helped sustain providers’ revenue and also boosted consolidation. The rise of electric vehicles (EVs) poses a long-term threat, though their impact is currently softened by the ongoing demand for traditional vehicles. Overall, revenue for lubricant oil manufacturers has expanded at a CAGR of 4.1% over the past five years, reaching $25.7 billion in 2025, including a 1.1% drop in revenue in that year. Lubricant oil manufacturers face several challenges and opportunities moving forward. Tariffs imposed by the Trump administration are expected to strengthen consumer prices and production costs, squeezing household spending and risking a mild economic downturn. Despite these headwinds, signs point toward recovery through higher productivity and increasing vehicle registrations, which will drive demand for lubricant oils. Regardless, falling oil prices may limit potential revenue gains. The growing emphasis on sustainability, with consumers favoring recycled and synthetic oils, offers new revenue streams. Larger companies may initially dominate this market due to economies of scale, although smaller firms could compete by investing in sustainable products. Increased automation and technological advancements are likely to cut costs and improve efficiency, slightly reducing wage expenses while supporting long-term profit growth. Overall, revenue for lubricant oil producers is forecast to creep upward at a CAGR of 1.4% over the next five years, reaching $27.5 billion in 2030.
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The report covers North American lubricants Companies and the market is segmented by end-user (automotive, heavy equipment, metallurgy & metalworking, power generation), by product type (engine oils, greases, hydraulic fluids, metalworking fluids, transmission & gear oils), and by country (Canada, Mexico, United States).
https://researchintelo.com/privacy-and-policyhttps://researchintelo.com/privacy-and-policy
According to our latest research, the global automotive lubricants market size reached USD 74.3 billion in 2024, reflecting robust demand across both mature and emerging economies. The market is forecasted to grow at a CAGR of 3.7% from 2025 to 2033, reaching approximately USD 104.1 billion by 2033. This growth is primarily driven by the expanding global automotive fleet, increasing vehicle production, and the rising need for high-performance lubricants to enhance vehicle efficiency and longevity. As per the latest research, technological advancements and the shift towards synthetic and bio-based lubricants are also significant contributors to the market's upward trajectory.
One of the core growth factors for the automotive lubricants market is the consistent rise in vehicle ownership worldwide, particularly in developing economies such as China, India, and Brazil. Rapid urbanization, improved living standards, and increasing disposable incomes in these regions have led to a surge in passenger car and commercial vehicle sales. This has directly augmented the demand for automotive lubricants, as regular maintenance and efficient vehicle operation rely heavily on quality lubricants. Additionally, the growing awareness among consumers about the benefits of timely oil changes and the use of premium lubricants to extend engine life and improve fuel efficiency is further propelling the market forward.
Another significant driver is the evolving regulatory landscape that emphasizes environmental sustainability and emission reduction. Governments across the globe are implementing stringent norms to curb vehicular emissions, encouraging automakers and lubricant manufacturers to innovate and develop eco-friendly products. The transition from traditional mineral oil-based lubricants to synthetic and bio-based alternatives, which offer superior performance and lower environmental impact, is gaining momentum. This shift is supported by ongoing research and development activities aimed at formulating advanced lubricants that cater to modern engine requirements, including those of hybrid and electric vehicles.
Moreover, the increasing average age of vehicles, particularly in developed markets like North America and Europe, is fueling the aftermarket for automotive lubricants. Older vehicles typically require more frequent maintenance and lubricant changes, thereby boosting aftermarket sales. The proliferation of quick-lube service centers, online retail channels, and do-it-yourself (DIY) maintenance trends are making it easier for consumers to access a wide range of lubricants, further supporting market growth. The integration of digital technologies for predictive maintenance and lubricant monitoring is also enhancing the value proposition for end-users, contributing to sustained demand.
From a regional perspective, Asia Pacific continues to dominate the automotive lubricants market, accounting for more than 45% of the global revenue in 2024. The region's dominance is attributed to its large vehicle parc, robust manufacturing base, and ongoing infrastructure development. North America and Europe follow, with steady demand driven by high vehicle ownership rates and a strong focus on vehicle maintenance. Meanwhile, Latin America and the Middle East & Africa are witnessing gradual growth, supported by rising automotive sales and increasing investments in transportation infrastructure. The regional outlook remains optimistic, with Asia Pacific expected to maintain its lead through the forecast period, while other regions continue to present substantial opportunities for market expansion.
The product type segment of the automotive lubricants market is highly diversified, encompassing engine oil, transmission fluids, gear oil, brake fluids, greases, and other specialized lubricants. Among these, engine oil remains the largest segment, accounting for over 55% of the total market revenue in 2024. The dominance of engine oil is primarily due to its critical role in reducing engine wear, enhancing fuel efficiency, and ensuring smooth engine operation. The increasing adoption of high-performance engines and the rise in vehicle miles traveled are driving the demand for advanced engine oils, including synthetic and semi-synthetic variants that offer superior protection and extended drain intervals.
T
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The report covers top lubricant companies in USA and the market is segmented by vehicle type (commercial vehicles, motorcycles, passenger vehicles) and by product type (engine oils, greases, hydraulic fluids, transmission & gear oils).