Market Size of North America Passenger Vehicles Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 0.98 % |
| Market Concentration | High |
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North America Passenger Vehicles Lubricants Market Analysis
The North America Passenger Vehicles Lubricants Market size is estimated at 3.54 Billion Liters in 2024, and is expected to reach 3.61 Billion Liters by 2026, growing at a CAGR of 0.98% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and low drain interval, as it is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Engine Oils : The expected recovery of passenger vehicle sales in the country and the growing usage of the existing vehicle fleet may drive the demand for engine oils during 2021-2026.
- Largest Country Market - United States : The United States is one of the largest passenger vehicle markets, globally, and a leading lubricant consumer in North America, due to its high passenger vehicle population.
- Fastest Growing Country Market - Mexico : The expected recovery in passenger vehicle production and sales in domestic and export markets are expected to drive the passenger vehicle lubricant demand in Mexico.
