US Commercial Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 1.04 % |
| Market Concentration | High |
Need a report that reflects how COVID-19 has impacted this market and its growth?
US Commercial Vehicles Lubricants Market Analysis
The United States Commercial Vehicles Lubricants Market size is estimated at 461.73 Million Liters in 2024, and is expected to reach 471.41 Million Liters by 2026, growing at a CAGR of 1.04% 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. It is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Hydraulic Fluids : Expected growth in commercial vehicle sales and increasing freight transportation activities are projected to drive the demand for hydraulic fluids during the forecast period.
US Commercial Vehicles Lubricants Market Trends
This section covers the major market trends shaping the US 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>
- During 2015-2019, in the United States, commercial automotive lubricant consumption increased, primarily driven by the increased sales of commercial vehicles during this period. Only in 2016, the country had observed a decline in sales, due to weak freight demand. Overall, there was about 17.31% growth in sales over 2015-2019, which notably added to the number of on-road commercial vehicles in the country.
- Post the COVID-19 outbreak, freight transportation was negatively affected, owing to the social restrictions imposed to curb the spread of the disease during the first half of 2020, which resulted in decreased maintenance requirements for commercial vehicles.
- The electric vehicle penetration in the commercial vehicles segment is at its initial stage in the country. As of 2019, 2000 electric trucks were on-road in the country, and the number is projected to rise to 54,000 e-trucks by 2025.
US Commercial Vehicles Lubricants Industry Overview
The United States Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 70.82%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, Phillips 66 Lubricants, Royal Dutch Shell Plc and Valvoline Inc. (sorted alphabetically).
US Commercial Vehicles Lubricants Market Leaders
-
BP PLC (Castrol)
-
ExxonMobil Corporation
-
Phillips 66 Lubricants
-
Royal Dutch Shell Plc
-
Valvoline Inc.
*Disclaimer: Major Players sorted in no particular order
US Commercial Vehicles Lubricants Market News
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.
- July 2021: Mighty Distributing System (Mighty Auto Parts), a pioneer in automotive aftermarket goods and services, announced a new relationship with Total Specialties USA. It would target the Quartz Ineo and Quartz 9000 sub-ranges, geared for light automobiles and meet European OEMs' most stringent criteria.
US Commercial Vehicles Lubricants Market Report - Table of Contents
1. Executive Summary & Key Findings
2. Introduction
- 2.1 Study Assumptions & Market Definition
- 2.2 Scope of the Study
- 2.3 Research Methodology
3. Key Industry Trends
- 3.1 Automotive Industry Trends
- 3.2 Regulatory Framework
- 3.3 Value Chain & Distribution Channel Analysis
4. Market Segmentation
-
4.1 By Product Type
- 4.1.1 Engine Oils
- 4.1.2 Greases
- 4.1.3 Hydraulic Fluids
- 4.1.4 Transmission & Gear Oils
5. Competitive Landscape
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
-
5.3 Company Profiles
- 5.3.1 AMSOIL Inc.
- 5.3.2 BP PLC (Castrol)
- 5.3.3 Chevron Corporation
- 5.3.4 CITGO
- 5.3.5 ExxonMobil Corporation
- 5.3.6 Motul
- 5.3.7 Phillips 66 Lubricants
- 5.3.8 Royal Dutch Shell Plc
- 5.3.9 TotalEnergies
- 5.3.10 Valvoline Inc.
- *List Not Exhaustive
6. Appendix
- 6.1 Appendix-1 References
- 6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
** Subject To AvailablityUS Commercial Vehicles Lubricants Industry Segmentation
| By Product Type | Engine Oils |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
US Commercial Vehicles Lubricants Market Research FAQs
How big is the United States Commercial Vehicles Lubricants Market?
The United States Commercial Vehicles Lubricants Market size is expected to reach 461.73 million Liters in 2024 and grow at a CAGR of 1.04% to reach 471.41 million Liters by 2026.
What is the current United States Commercial Vehicles Lubricants Market size?
In 2024, the United States Commercial Vehicles Lubricants Market size is expected to reach 461.73 million Liters.
Who are the key players in United States Commercial Vehicles Lubricants Market?
BP PLC (Castrol), ExxonMobil Corporation, Phillips 66 Lubricants, Royal Dutch Shell Plc and Valvoline Inc. are the major companies operating in the United States Commercial Vehicles Lubricants Market.
Which segment has the biggest share in the United States Commercial Vehicles Lubricants Market?
In the United States Commercial Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the United States Commercial Vehicles Lubricants Market?
In 2024, the Hydraulic Fluids segment accounts for the fastest growing by product type in the United States Commercial Vehicles Lubricants Market.
What years does this United States Commercial Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the United States Commercial Vehicles Lubricants Market size was estimated at 460.26 million Liters. The report covers the United States Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
United States Commercial Vehicles Lubricants Industry Report
Statistics for the 2024 United States Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Commercial Vehicles Lubricants analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
