North America Automotive Engine Oils Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 3.65 Billion Liters |
| Market Volume (2026) | 3.71 Billion Liters |
| CAGR (2024 - 2026) | 0.82 % |
| Market Concentration | High |
North America Automotive Engine Oils Market Analysis
The North America Automotive Engine Oils Market size is estimated at 3.65 Billion Liters in 2024, and is expected to reach 3.71 Billion Liters by 2026, growing at a CAGR of 0.82% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : The large proportion of the passenger vehicle population in North America is attributed to the highest engine oil consumption in the passenger vehicle sector in the region.
- Fastest Segment by Vehicle Type - Passenger Vehicles : As the social distancing measures are slowly being relaxed, the usage of cars, along with their preventive maintenance requirements, is likely to grow significantly.
- Largest Country Market - United States : The United States is one of the largest automotive markets in the world and a leading automotive engine oil consumer in North America, owing to the highest vehicle population.
- Fastest Growing Country Market - United States : The recovering usage of large vehicle fleets and the growing production output for the domestic and export markets are anticipated to boost lubricant consumption.
North America Automotive Engine Oils Market Trends
This section covers the major market trends shaping the North America Automotive Engine Oils Market according to our research experts:
Largest Segment By Vehicle Type : Passenger Vehicles
- During 2015-2020, North America recorded a fluctuating trend in the consumption of engine oils, thus registering a negative CAGR of 3.65%.
- A majority of engine oils used in the region meet the latest standards set by the International Lubricant Specification Advisory Committee (ILSAC) and the American Petroleum Institute (API). Although these synthetic grades have higher profit margins per gallon, they also support higher drain intervals. Hence, the higher penetration of synthetic engine oils restrained the product's volume growth during 2015-2020.
- Post the COVID-19 outbreak, the engine oil change requirements of vehicles further declined. As the usage of the existing automotive fleet is gradually rising, the engine oil volume consumption is likely to recover at a rate of 2.19% during the forecast period.
Largest Country : United States
- During 2015-2020, North America recorded a fluctuating trend in the consumption of engine oils, thus registering a negative CAGR of 3.65%.
- A majority of engine oils used in the region meet the latest standards set by the International Lubricant Specification Advisory Committee (ILSAC) and the American Petroleum Institute (API). Although these synthetic grades have higher profit margins per gallon, they also support higher drain intervals. Hence, the higher penetration of synthetic engine oils restrained engine oils' volume growth during 2015-2020.
- Post the COVID-19 outbreak, the engine oil change requirements of vehicles further declined. As the usage of the existing automotive fleet is gradually rising, engine oil consumption volume is likely to recover at a rate of 2.19% during the forecast period.
North America Automotive Engine Oils Industry Overview
The North America Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 67.64%. The major players in this market are BP PLC (Castrol), Chevron Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc and Valvoline Inc. (sorted alphabetically).
North America Automotive Engine Oils Market Leaders
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BP PLC (Castrol)
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Chevron Corporation
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ExxonMobil Corporation
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Royal Dutch Shell Plc
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Valvoline Inc.
*Disclaimer: Major Players sorted in no particular order
North America Automotive Engine Oils 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.
North America Automotive Engine Oils 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 Vehicle Type
4.1.1 Commercial Vehicles
4.1.2 Motorcycles
4.1.3 Passenger Vehicles
4.2 By Product Grade
4.3 By Country
4.3.1 Canada
4.3.2 Mexico
4.3.3 United States
4.3.4 Rest of North America
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 ExxonMobil Corporation
5.3.5 HollyFrontier (PetroCanada lubricants)
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.
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
North America Automotive Engine Oils Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
| By Country | |
| Canada | |
| Mexico | |
| United States | |
| Rest of North America |
North America Automotive Engine Oils Market Research FAQs
How big is the North America Automotive Engine Oils Market?
The North America Automotive Engine Oils Market size is expected to reach 3.65 billion Liters in 2024 and grow at a CAGR of 0.82% to reach 3.71 billion Liters by 2026.
What is the current North America Automotive Engine Oils Market size?
In 2024, the North America Automotive Engine Oils Market size is expected to reach 3.65 billion Liters.
Who are the key players in North America Automotive Engine Oils Market?
BP PLC (Castrol), Chevron Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc and Valvoline Inc. are the major companies operating in the North America Automotive Engine Oils Market.
Which segment has the biggest share in the North America Automotive Engine Oils Market?
In the North America Automotive Engine Oils Market, the Passenger Vehicles segment accounts for the largest share by vehicle type.
Which country has the biggest share in the North America Automotive Engine Oils Market?
In 2024, United States accounts for the largest share by country in the North America Automotive Engine Oils Market.
What years does this North America Automotive Engine Oils Market cover, and what was the market size in 2023?
In 2023, the North America Automotive Engine Oils Market size was estimated at 3.62 billion Liters. The report covers the North America Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Automotive Engine Oils Market size for years: 2024, 2025 and 2026.
North America Automotive Engine Oils Industry Report
Statistics for the 2024 North America Automotive Engine Oils market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Automotive Engine Oils analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
