How big is the United States Passenger Vehicles Lubricants Market?

The United States Passenger Vehicles Lubricants Market size is expected to reach 3.05 billion Liters in 2024 and grow at a CAGR of 0.98% to reach 3.11 billion Liters by 2026. Read More

What is the current United States Passenger Vehicles Lubricants Market size?

In 2024, the United States Passenger Vehicles Lubricants Market size is expected to reach 3.05 billion Liters. Read More

Who are the key players in United States Passenger 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 Passenger Vehicles Lubricants Market. Read More

Which segment has the biggest share in the United States Passenger Vehicles Lubricants Market?

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

Which is the fastest growing segment in the United States Passenger Vehicles Lubricants Market?

In 2024, the Engine Oils segment accounts for the fastest growing by product type in the United States Passenger Vehicles Lubricants Market. Read More

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

In 2023, the United States Passenger Vehicles Lubricants Market size was estimated at 3.03 billion Liters. The report covers the United States Passenger 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 Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

United States Passenger Vehicles Lubricants Market Trends

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

This section covers the major market trends shaping the US 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>

In the United States, lubricant consumption in the passenger vehicles segment declined during 2015-2019, due to reduced oil change intervals and volatile sales. With the growing penetration of synthetic and semi-synthetic lubricants in the country and longer drain intervals, lubricant consumption has reduced. Additionally, passenger vehicle sales in the country recorded a negative CAGR of 0.11% during 2015-2019.
During 2020, COVID-19 led to a major decline in the usage of personal vehicles for commute, which reduced maintenance activities pertaining to passenger vehicles.
With social distancing measures being slowly eased, the usage of personal vehicles is increasing. This factor is expected to drive the recovery of passenger vehicle lubricant consumption in the United States, at a CAGR of 3.08%, during the forecast period.