Market Size of United States Automotive Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 0.99 % |
| Market Concentration | High |
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US Automotive Lubricants Market Analysis
The United States Automotive Lubricants Market size is estimated at 3.52 Billion Liters in 2024, and is expected to reach 3.59 Billion Liters by 2026, growing at a CAGR of 0.99% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : The highest proportion of passenger vehicle population in the United States is attributed to the highest lubricant consumption in the passenger vehicles sector in the country.
- Fastest Segment by Vehicle Type - Passenger Vehicles : As the social distancing measures are being slowly eased in the country, the usage of passenger vehicles is likely to increase and, thereby, boost their lubricant consumption.
- 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 : Owing to the recovery in travel rates and surge in sales of used cars, the demand for engine oils is projected to rise at a healthy rate during the next five years.
