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Report
North America Automotive Lubricants Market Report and Forecast 2024-2032
Market Report I 2024-02-13 I 177 Pages I EMR Inc.
North America Automotive Lubricants Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the North America automotive lubricants market reached a value of USD 22.56 billion in 2023. Aided by the burgeoning automotive sector and the escalating demand for high-performance vehicles, the market is projected to further grow at a CAGR of 4.2% between 2024 and 2032 to reach a value of USD 32.86 billion by 2032.
Automotive lubricants are essential for the optimal performance and longevity of vehicles, offering vital benefits such as engine protection, reduced friction, and enhanced efficiency. These products include engine oils, transmission fluids, brake fluids, and coolants, each playing a crucial role in maintaining vehicle health and performance. The North America automotive lubricants market demand is fuelled by an increasing awareness among consumers about the importance of regular vehicle maintenance and the use of high-quality lubricants.
The expansion of the automotive lubricants market in North America is driven by several factors. The region's robust automotive industry, characterised by a high vehicle ownership rate and a strong preference for performance vehicles, lays a solid foundation for the lubricants market. Additionally, technological advancements in lubricant formulation and the introduction of synthetic and bio-based lubricants are meeting the growing demand for more efficient, environmentally friendly, and high-performance products.
Stringent environmental regulations and the push for reduced emissions have also significantly influenced the North America automotive lubricants market outlook. Manufacturers are increasingly focusing on developing advanced lubricants that not only meet but exceed regulatory requirements, offering improved fuel efficiency and lower emissions. This shift towards sustainability and environmental stewardship is reshaping consumer preferences and driving market growth.
Furthermore, the trend towards electric vehicles (EVs) and hybrid models is introducing new opportunities and challenges in the lubricants market. While EVs may require fewer lubricants compared to traditional internal combustion engine vehicles, the need for specialised lubricants for EV components presents a new growth avenue for manufacturers.
The North America automotive lubricants market demand is expected to be bolstered by the sustained growth anticipated in the coming years. As the automotive industry continues to evolve, with a greater focus on performance, efficiency, and sustainability, the demand for advanced automotive lubricants is expected to rise. The shift towards electric and hybrid vehicles will also necessitate the development of new lubricant formulations, presenting further opportunities for market expansion.
Moreover, the ongoing emphasis on environmental sustainability and the adoption of stringent emissions regulations will continue to drive innovation in the lubricants industry. Manufacturers that can offer high-performance, environmentally friendly lubricant solutions are likely to gain a competitive edge in this dynamic market.
Market Segmentation
The market can be divided based on base oil, vehicle type, application, and country.
Market Breakup by Base Oil
- Mineral Oil Lubricants
- Synthetic Lubricants
- Semi-synthetic Lubricants
- Bio-based Lubricants
Market Breakup by Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Others
Market Breakup by Application
- Engine Oil
- Gear and Brake Oil
- Transmission Fluids
- Greases
- Others
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America automotive lubricants market. Some of the major players explored in the report by Expert Market Research are as follows:
- Shell PLC
- AMSOIL INC.
- BP plc
- Chevron Corporation
- CITGO Petroleum Corporation
- Exxon Mobil Corporation
- MOTUL S.A.
- Phillips 66 group of companies
- TotalEnergies SE
- Valvoline Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Automotive Lubricants Market Overview
8.1 Key Industry Highlights
8.2 Global Automotive Lubricants Historical Market (2018-2023)
8.3 Global Automotive Lubricants Market Forecast (2024-2032)
8.4 Global Automotive Lubricants Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Automotive Lubricants Market Overview
9.1 Key Industry Highlights
9.2 North America Automotive Lubricants Historical Market (2018-2023)
9.3 North America Automotive Lubricants Market Forecast (2024-2032)
10 North America Automotive Lubricants Market by Base Oil
10.1 Mineral Oil Lubricants
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Synthetic Lubricants
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Semi-synthetic Lubricants
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Bio-based Lubricants
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 North America Automotive Lubricants Market by Vehicle Type
11.1 Passenger Cars
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Light Commercial Vehicles
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Heavy Commercial Vehicles
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 North America Automotive Lubricants Market by Application
12.1 Engine Oil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Gear and Brake Oil
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Transmission Fluids
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Greases
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 North America Automotive Lubricants Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Shell PLC
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 AMSOIL INC.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 BP plc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Chevron Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 CITGO Petroleum Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Exxon Mobil Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 MOTUL S.A.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Phillips 66 group of companies
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 TotalEnergies SE
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Valvoline Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Lubricants Market: Key Industry Highlights, 2018 and 2032
2. North America Automotive Lubricants Market: Key Industry Highlights, 2018 and 2032
3. North America Automotive Lubricants Historical Market: Breakup by Base Oil (USD Billion), 2018-2023
4. North America Automotive Lubricants Market Forecast: Breakup by Base Oil (USD Billion), 2024-2032
5. North America Automotive Lubricants Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
6. North America Automotive Lubricants Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
7. North America Automotive Lubricants Historical Market: Breakup by Application (USD Billion), 2018-2023
8. North America Automotive Lubricants Market Forecast: Breakup by Application (USD Billion), 2024-2032
9. North America Automotive Lubricants Historical Market: Breakup by Country (USD Billion), 2018-2023
10. North America Automotive Lubricants Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. North America Automotive Lubricants Market Structure
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