Market Size of United States 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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US Passenger Vehicles Lubricants Market Analysis
The United States Passenger Vehicles Lubricants Market size is estimated at 3.05 Billion Liters in 2024, and is expected to reach 3.11 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. It is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Engine Oils : The gradual recovery of passenger vehicle sales in the country and increasing average miles traveled are likely to drive the demand for engine oils during the forecast period.