North America Commercial Vehicles Lubricants Market Trends

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

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Market Trends of North America Commercial Vehicles Lubricants Industry

This section covers the major market trends shaping the North America Commercial Vehicles Lubricants Market according to our research experts:

Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>

  • In North America, the lubricant consumption share of commercial vehicles was recorded at around 23% in 2020. The commercial vehicle lubricant consumption recorded fluctuating growth, followed by a sudden dip during 2015-2020. This was primarily due to the COVID-19 outbreak in 2020 and changing engine technologies in the heavy-duty segment.
  • In 2020, freight transportation was negatively affected in the region due to the social restrictions imposed as a response to the pandemic, resulting in decreased maintenance requirements for commercial vehicles.
  • The electric vehicle penetration in the commercial vehicles segment remains in the initial stage in the region. While considerable growth in electric truck volumes is expected to be seen in the United States in the coming years, Canada might not be able to witness such growth in adoption due to the harsh weather conditions in the country.
North America Commercial Vehicles Lubricants Market : Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>

Largest Country : <span style="font-family: 'regular_bold';color:#0e7db3;">United States</span>

  • In North America, the share of lubricant consumption in commercial vehicles was recorded at around 23% during 2020. The commercial vehicle lubricant consumption recorded fluctuating growth, followed by a sudden dip during 2015-2020. This was primarily due to the COVID-19 outbreak in 2020 and changing engine technologies in the heavy-duty segment.
  • In 2020, freight transportation was negatively affected in the region due to the social restrictions imposed as a response to the pandemic, resulting in decreased maintenance requirements for commercial vehicles.
  • The electric vehicle penetration in the commercial vehicles segment remains in the initial stage in the region. While considerable growth in electric truck volumes is expected to be seen in the United States in the coming years, Canada might not witness such growth in adoption due to the harsh weather conditions in the country.
North America Commercial Vehicles Lubricants Market : Largest Country : <span style="font-family: 'regular_bold';color:#0e7db3;">United States</span>

North America Commercial Vehicles Lubricants Report Snapshots

North America Commercial Vehicles Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026