As per the current market research conducted by the CMI Team, the US Automotive Lubricants Market size is expected to record a CAGR of 2.8% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 25,887.2 Million. By 2033, the valuation is anticipated to reach USD 33,191.2 Million.
US Automotive Lubricants Market: Growth Factors and Dynamics
- Vehicle Fleet Expansion: The increasing number of vehicles on US roads, including passenger cars, commercial vehicles, and off-road equipment, drives demand for automotive lubricants. Fleet growth necessitates regular maintenance, including oil changes, and boosting lubricant sales.
- Technological Advancements in Lubricants: Innovations in lubricant formulations, such as synthetic and high-performance oils, improve engine efficiency, prolong service intervals, and enhance fuel economy. Manufacturers are focusing on developing lubricants that meet stringent environmental regulations and OEM specifications.
- Rising Awareness of Maintenance Practices: Growing awareness among vehicle owners and fleet managers about the importance of regular maintenance to extend engine life and improve performance increases the adoption of high-quality lubricants. This trend supports aftermarket sales and service intervals.
- Shift Towards Environmentally Friendly Products: Increasing environmental concerns drive demand for eco-friendly lubricants with lower emissions and improved biodegradability. Manufacturers are developing bio-based and renewable lubricants to cater to environmentally conscious consumers and meet regulatory requirements.
- Expansion of Automotive Aftermarket: The thriving aftermarket segment, including independent repair shops and retail stores, plays a crucial role in the distribution of automotive lubricants. The convenience and accessibility of aftermarket channels contribute significantly to market growth.
- Strategic Partnerships and Market Consolidation: Strategic partnerships between lubricant manufacturers, automotive OEMs, and distributors enhance market penetration and product availability. Mergers and acquisitions in the lubricants sector consolidate market share and facilitate technological advancements, positioning companies to meet evolving customer needs and market demands.
- Urbanization and Traffic Congestion: Urbanization and increasing traffic congestion in major US cities lead to more stop-and-go driving conditions, which necessitate frequent oil changes and maintenance. This trend boosts demand for automotive lubricants tailored to urban driving environments, including oils that offer better protection against wear and corrosion.
- Economic Factors and Consumer Spending: Economic conditions, including disposable income levels and consumer spending patterns, influence the demand for automotive lubricants. During periods of economic growth, higher consumer confidence and vehicle ownership rates contribute to increased purchases of premium lubricants and maintenance products. Conversely, economic downturns may lead to deferred maintenance and reduced lubricant sales in the aftermarket segment.
US Automotive Lubricants Market: Partnership and Acquisitions
- In 2022, Mighty Distributing System (Mighty Auto Parts) has established a new partnership with Total Specialties USA to distribute the Quartz Ineo and Quartz 9000 sub-ranges. These products are designed for light vehicles and adhere to the rigorous standards set by OEMs.
- In 2021, Valvoline and Cummins extended their partnership agreement for another five years, focusing on promoting Valvoline’s Premium Blue engine oil for Cummins’ heavy-duty diesel engines and generators. Cummins will also distribute Valvoline products globally through its extensive distribution networks.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 25,887.2 Million |
| Projected Market Size in 2033 | USD 33,191.2 Million |
| Market Size in 2023 | USD 25,182.1 Million |
| CAGR Growth Rate | 2.8% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Base Oil, Vehicle Type, Distribution Channel, End-use Industry and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Country Scope | US |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
US Automotive Lubricants Market: COVID-19 Analysis
The COVID-19 pandemic has significantly impacted the US Automotive Lubricants Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
- Reduction in Vehicle Miles Traveled: During lockdowns and restrictions, there was a significant decrease in vehicle miles traveled (VMT) as people stayed home, leading to lower demand for automotive lubricants due to reduced maintenance needs.
- Disruption in Supply Chains: COVID-19 disrupted global supply chains, affecting the availability and distribution of automotive lubricants. Manufacturers faced challenges in sourcing raw materials and ensuring timely deliveries to meet market demand.
- Resurgence in Vehicle Usage: As restrictions eased and vaccination rates increased, there was a resurgence in vehicle usage and travel. This resulted in higher demand for automotive lubricants as vehicle owners resumed regular maintenance and service schedules.
- Emphasis on Maintenance and Repair: Increased awareness of the importance of vehicle maintenance post-pandemic has driven demand for automotive lubricants. Consumers are prioritizing preventive maintenance to ensure optimal vehicle performance and longevity.
- Shift towards Online Sales Channels: Automotive lubricant manufacturers and distributors expanded their online presence and e-commerce capabilities during the pandemic. This shift has continued post-COVID-19, providing consumers with convenient access to lubricants and enhancing market recovery.
- Focus on Product Innovation: Manufacturers are focusing on innovation in lubricant formulations, such as synthetic and eco-friendly options, to meet evolving consumer preferences for high-performance and environmentally sustainable products.
- Recovery in Automotive Aftermarket: The automotive aftermarket, including repair shops and retailers, has seen a rebound in business as vehicle owners resume maintenance activities. This recovery has supported the demand for automotive lubricants through increased aftermarket sales and service intervals.
In conclusion, the COVID-19 pandemic has had a mixed impact on the US Automotive Lubricants Market, with some challenges and opportunities arising from the pandemic.
List of the prominent players in the US Automotive Lubricants Market:
- Exxon Mobil Corporation
- Royal Dutch Shell plc
- Chevron Corporation
- BP plc
- TotalEnergies
- Valvoline Inc.
- Fuchs Petrolub SE
- Idemitsu Kosan Co. Ltd.
- Petro-Canada Lubricants Inc.
- Petroliam Nasional Berhad (PETRONAS)
- JXTG Nippon Oil & Energy Corporation
- AMSOIL Inc.
- Castrol (BP Castrol)
- Quaker Chemical Corporation
- The Lubrizol Corporation
- Others
The US Automotive Lubricants Market is segmented as follows:
By Product Type
- Engine Oils
- Transmission Fluids
- Brake Fluids
- Gear Oils
- Greases
- Others
By Base Oil
- Mineral Oil Lubricants
- Synthetic Lubricants
- Semi-synthetic Lubricants
- Others
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- Off-road Vehicles
- Others
By Distribution Channel
- OEMs (Original Equipment Manufacturers)
- Aftermarket
By End-use Industry
- Automotive
- Industrial
- Marine
- Others