Market Size of North America Automotive Engine Oils Industry
| 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 |
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.
