North America Automotive Engine Oils Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2026

The North America Automotive Engine Oils Market is segmented by Vehicle Type ( Commercial Vehicles, Motorcycles, Passenger Vehicles ) , by Product Grade and by Country ( Canada, Mexico, United States )

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Market Snapshot

https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2015 - 2026
https://s3.mordorlabs.com/base%20year/1629296433432_test~base_year_base_year.svg Base Year: 2020
https://s3.mordorlabs.com/passenger_vehicles/1629285650768_test~passenger_vehicles_passenger_vehicles.svg Largest Share by Vehicle Type: Passenger Vehicles
https://s3.mordorlabs.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country: United States
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 2.90 %

Key Players

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Market Overview

The North America Automotive Engine Oils Market is at 3.21 billion liters in 2021 and is projected to register a CAGR of 2.90% to reach 3.71 billion liters in 2026. With the pandemic hindering the possibility of local camps and team sports, these off-road bikes are allowing people to enjoy recreation in isolation. Furthermore, despite the cancelation of rider-training classes and the closing down of motor-vehicle-licensing facilities during the first half of 2020 due to the pandemic, the off-road bike sales remained unaffected, as they do not require licensing.

  • 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.

Scope of the Report

By Vehicle Type
Commercial Vehicles
Motorcycles
Passenger Vehicles
By Country
Canada
Mexico
United States
Rest of North America

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Key Market Trends

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.

Competitive Landscape

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).

Major Players

*Disclaimer: Major Players are sorted alphabetically

Recent Developments

  • 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.

Table of Contents

  1. 1. Executive Summary & Key Findings

  2. 2. Introduction

    1. 2.1 Study Assumptions & Market Definition

    2. 2.2 Scope of the Study​

    3. 2.3 Research Methodology

  3. 3. Key Industry Trends

    1. 3.1 Automotive Industry Trends

    2. 3.2 Regulatory Framework

    3. 3.3 Value Chain & Distribution Channel Analysis

  4. 4. Market Segmentation

    1. 4.1 By Vehicle Type

      1. 4.1.1 Commercial Vehicles

      2. 4.1.2 Motorcycles

      3. 4.1.3 Passenger Vehicles

    2. 4.2 By Product Grade

    3. 4.3 By Country

      1. 4.3.1 Canada

      2. 4.3.2 Mexico

      3. 4.3.3 United States

      4. 4.3.4 Rest of North America

  5. 5. Competitive Landscape

    1. 5.1 Key Strategic Moves

    2. 5.2 Market Share Analysis

    3. 5.3 Company Profiles

      1. 5.3.1 AMSOIL Inc.

      2. 5.3.2 BP PLC (Castrol)

      3. 5.3.3 Chevron Corporation

      4. 5.3.4 ExxonMobil Corporation

      5. 5.3.5 HollyFrontier (Petro‑Canada lubricants)

      6. 5.3.6 Motul

      7. 5.3.7 Phillips 66 Lubricants

      8. 5.3.8 Royal Dutch Shell Plc

      9. 5.3.9 TotalEnergies

      10. 5.3.10 Valvoline Inc.

  6. 6. Appendix

    1. 6.1 Appendix-1 References

    2. 6.2 Appendix-2 List of Tables & Figures

  7. 7. Key Strategic Questions for Lubricants CEOs

List of Tables & Figures

    Figure 1:  

    VEHICLE POPULATION, NUMBER OF UNITS, NORTH AMERICA, 2015 - 2026

    Figure 2:  

    COMMERCIAL VEHICLES POPULATION, NUMBER OF UNITS, NORTH AMERICA, 2015 - 2026

    Figure 3:  

    MOTORCYCLES POPULATION, NUMBER OF UNITS, NORTH AMERICA, 2015 - 2026

    Figure 4:  

    PASSENGER VEHICLES POPULATION, NUMBER OF UNITS, NORTH AMERICA, 2015 - 2026

    Figure 5:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, BY VEHICLE TYPE, 2015-2026

    Figure 6:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

    Figure 7:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, COMMERCIAL VEHICLES, 2015-2026

    Figure 8:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, COMMERCIAL VEHICLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 9:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, MOTORCYCLES, 2015-2026

    Figure 10:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, MOTORCYCLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 11:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, PASSENGER VEHICLES, 2015-2026

    Figure 12:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, PASSENGER VEHICLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 13:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, VOLUME SHARE (%), BY PRODUCT GRADE, 2020

    Figure 14:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, BY COUNTRY, 2015-2026

    Figure 15:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, VOLUME SHARE (%), BY COUNTRY, 2020

    Figure 16:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, CANADA, 2015-2026

    Figure 17:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, CANADA, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 18:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, MEXICO, 2015-2026

    Figure 19:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, MEXICO, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 20:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, UNITED STATES, 2015-2026

    Figure 21:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, UNITED STATES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 22:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, REST OF NORTH AMERICA, 2015-2026

    Figure 23:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, REST OF NORTH AMERICA, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 24:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

    Figure 25:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

    Figure 26:  

    NORTH AMERICA AUTOMOTIVE ENGINE OILS MARKET SHARE(%), BY MAJOR PLAYERS, 2019

Market Definition

  • Vehicle Types - Passenger Vehicles, Commercial Vehicles and Motorcycles are considered under the automotive engine oils market.​
  • Product Types - For the purpose of this study, engine oils are taken into consideration.
  • Service Refill - Service/maintenance refill is considered while accounting the engine oil consumption for each vehicle type, under the study.​
  • Factory Fill - First lubricant fill-ups for newly produced vehicles are considered under the study.

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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

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Frequently Asked Questions

The North America Automotive Engine Oils Market market is studied from 2015 - 2026.

The North America Automotive Engine Oils Market is at 3.21 billion liters in 2021 and is projected to register a CAGR of 2.90% to reach 3.71 billion liters in 2026. With the pandemic hindering the possibility of local camps and team sports, these off-road bikes are allowing people to enjoy recreation in isolation. Furthermore, despite the cancelation of rider-training classes and the closing down of motor-vehicle-licensing facilities during the first half of 2020 due to the pandemic, the off-road bike sales remained unaffected, as they do not require licensing.

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.

As the social distancing measures are slowly being relaxed, the usage of cars, along with their preventive maintenance requirements, is likely to grow significantly.

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.

The recovering usage of large vehicle fleets and the growing production output for the domestic and export markets are anticipated to boost lubricant consumption.

BP PLC (Castrol),Chevron Corporation,ExxonMobil Corporation,Royal Dutch Shell Plc and Valvoline Inc.. are the major companies operating in North America Automotive Engine Oils Market.