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. Read More

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. Read More

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. Read More

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. Read More

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. Read More

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. Read More

North America Automotive Engine Oils Market Trends

Statistics for the 2023 & 2024 North America Automotive Engine Oils market trends, created by Mordor Intelligence™ Industry Reports. North America Automotive Engine Oils 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 North America Automotive Engine Oils Industry

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 : <span style="font-family: 'regular_bold';color:#0e7db3;">Passenger Vehicles</span>

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.

North America Automotive Engine Oils Market

Understand The Key Trends Shaping This Market

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Largest Country : <span style="font-family: 'regular_bold';color:#0e7db3;">United States</span>

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.