What is the current North America Passenger Vehicles Lubricants Market size?

In 2024, the North America Passenger Vehicles Lubricants Market size is expected to reach 3.54 billion Liters. Read More

Who are the key players in North America Passenger Vehicles Lubricants Market?

BP PLC (Castrol), Chevron Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc and Valvoline Inc. are the major companies operating in the North America Passenger Vehicles Lubricants Market. Read More

Which segment has the biggest share in the North America Passenger Vehicles Lubricants Market?

In the North America Passenger Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type. Read More

Which country has the biggest share in the North America Passenger Vehicles Lubricants Market?

In 2024, United States accounts for the largest share by country in the North America Passenger Vehicles Lubricants Market. Read More

What years does this North America Passenger Vehicles Lubricants Market cover, and what was the market size in 2023?

In 2023, the North America Passenger Vehicles Lubricants Market size was estimated at 3.51 billion Liters. The report covers the North America Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

North America Passenger Vehicles Lubricants Market Trends

Q: How big is the North America Passenger Vehicles Lubricants Market?

The North America Passenger Vehicles Lubricants Market size is expected to reach 3.54 billion Liters in 2024 and grow at a CAGR of 0.98% to reach 3.61 billion Liters by 2026. Read More

Statistics for the 2023 & 2024 North America Passenger Vehicles Lubricants market trends, created by Mordor Intelligence™ Industry Reports. North America Passenger 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.

Market Trends of North America Passenger Vehicles Lubricants Industry

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

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

The passenger vehicle lubricant consumption recorded a moderate growth during 2015-2020. This was primarily due to factors, such as increasing OEM and aftermarket consumption of synthetic lubricants and the COVID-19 outbreak in 2020. Among all the vehicle types, the largest dip in lubricant consumption during 2020 was observed in the passenger vehicle segment.
The COVID-19 outbreak has led to a major decline in the usage of personal vehicles for commuting, which has reduced the need for maintenance activities. The overall drop in lubricant consumption in passenger vehicles was observed to be about 19% in 2020.
With commuting norms being slowly eased, the usage of personal vehicles has been increasing gradually in 2021, which is expected to drive the recovery of passenger vehicle lubricant consumption at a CAGR of 3.14% over the forecast period.

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

Understand The Key Trends Shaping This Market

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

In North America, passenger vehicle lubricant consumption recorded a moderate growth during 2015-2020. This was primarily due to factors such as increasing OEM and aftermarket consumption of synthetic lubricants and the COVID-19 pandemic in 2020. Among all the vehicle types, the most significant dip in lubricant consumption during 2020 was observed in the passenger vehicle segment.
The COVID-19 pandemic led to a significant decline in the usage of personal vehicles for commuting, which reduced the need for maintenance activities. The overall drop in lubricant consumption in passenger vehicles was observed to be about 19% in 2020.
With commuting norms being slowly eased, the usage of personal vehicles increased gradually in 2021, which is expected to drive the recovery of passenger vehicle lubricant consumption at a CAGR of 3.14% over the forecast period.