North America Automotive Engine Oils Market Size

Statistics for the 2023 & 2024 North America Automotive Engine Oils market size, created by Mordor Intelligence™ Industry Reports. North America Automotive Engine Oils size report includes a market forecast to 202 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of North America Automotive Engine Oils Industry

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North America Automotive Engine Oils Market Summary
Study Period 2015 - 2026
Base Year For Estimation 2020
Forecast Data Period 2024 - 2026
Historical Data Period 2015 - 2019
CAGR (2024 - 2026) 0.82 %
Market Concentration High

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North America Automotive Engine Oils Market Analysis

The North America Automotive Engine Oils Market size is estimated at 3.65 Billion Liters in 2024, and is expected to reach 3.71 Billion Liters by 2026, growing at a CAGR of 0.82% during the forecast period (2024-2026).

  • Largest Segment by Vehicle Type - Passenger Vehicles : The large proportion of the passenger vehicle population in North America is attributed to the highest engine oil consumption in the passenger vehicle sector in the region.
  • Fastest Segment by Vehicle Type - Passenger Vehicles : As the social distancing measures are slowly being relaxed, the usage of cars, along with their preventive maintenance requirements, is likely to grow significantly.
  • Largest Country Market - United States : The United States is one of the largest automotive markets in the world and a leading automotive engine oil consumer in North America, owing to the highest vehicle population.
  • Fastest Growing Country Market - United States : The recovering usage of large vehicle fleets and the growing production output for the domestic and export markets are anticipated to boost lubricant consumption.

North America Automotive Engine Oils Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026