North America Commercial Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 0.99 Billion Liters |
| Market Volume (2026) | 1.01 Billion Liters |
| CAGR (2024 - 2026) | 1.01 % |
| Market Concentration | High |
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North America Commercial Vehicles Lubricants Market Analysis
The North America Commercial Vehicles Lubricants Market size is estimated at 0.99 Billion Liters in 2024, and is expected to reach 1.01 Billion Liters by 2026, growing at a CAGR of 1.01% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and low drain interval, as it is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Hydraulic Fluids : Expected growth in commercial vehicle sales and increasing freight transportation activities are projected to drive the demand for hydraulic fluids during the forecast period.
- Largest Country Market - United States : The United States is one of the largest commercial vehicle markets, globally, and a leading lubricant consumer in North America due to its high commercial vehicle population.
- Fastest Growing Country Market - Mexico : An expected recovery in commercial vehicle production and domestic sales is likely to drive the commercial vehicle lubricant consumption in Mexico in the coming years.
North America Commercial Vehicles Lubricants Market Trends
This section covers the major market trends shaping the North America Commercial 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 North America, the lubricant consumption share of commercial vehicles was recorded at around 23% in 2020. The commercial vehicle lubricant consumption recorded fluctuating growth, followed by a sudden dip during 2015-2020. This was primarily due to the COVID-19 outbreak in 2020 and changing engine technologies in the heavy-duty segment.
- In 2020, freight transportation was negatively affected in the region due to the social restrictions imposed as a response to the pandemic, resulting in decreased maintenance requirements for commercial vehicles.
- The electric vehicle penetration in the commercial vehicles segment remains in the initial stage in the region. While considerable growth in electric truck volumes is expected to be seen in the United States in the coming years, Canada might not be able to witness such growth in adoption due to the harsh weather conditions in the country.
Largest Country : <span style="font-family: 'regular_bold';color:#0e7db3;">United States</span>
- In North America, the share of lubricant consumption in commercial vehicles was recorded at around 23% during 2020. The commercial vehicle lubricant consumption recorded fluctuating growth, followed by a sudden dip during 2015-2020. This was primarily due to the COVID-19 outbreak in 2020 and changing engine technologies in the heavy-duty segment.
- In 2020, freight transportation was negatively affected in the region due to the social restrictions imposed as a response to the pandemic, resulting in decreased maintenance requirements for commercial vehicles.
- The electric vehicle penetration in the commercial vehicles segment remains in the initial stage in the region. While considerable growth in electric truck volumes is expected to be seen in the United States in the coming years, Canada might not witness such growth in adoption due to the harsh weather conditions in the country.
North America Commercial Vehicles Lubricants Industry Overview
The North America Commercial Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 52.65%. The major players in this market are BP PLC (Castrol), Chevron Corporation, ExxonMobil Corporation, Phillips 66 Lubricants and Royal Dutch Shell Plc (sorted alphabetically).
North America Commercial Vehicles Lubricants Market Leaders
BP PLC (Castrol)
Chevron Corporation
ExxonMobil Corporation
Phillips 66 Lubricants
Royal Dutch Shell Plc
*Disclaimer: Major Players sorted in no particular order
North America Commercial Vehicles Lubricants 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 Commercial Vehicles Lubricants 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 Product Type
4.1.1 Engine Oils
4.1.2 Greases
4.1.3 Hydraulic Fluids
4.1.4 Transmission & Gear Oils
4.2 By Country
4.2.1 Canada
4.2.2 Mexico
4.2.3 United States
4.2.4 Rest of North America
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 Bardahl
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 Phillips 66 Lubricants
5.3.7 Roshfrans
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 Commercial Vehicles Lubricants Industry Segmentation
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
| By Country | |
| Canada | |
| Mexico | |
| United States | |
| Rest of North America |
North America Commercial Vehicles Lubricants Market Research FAQs
How big is the North America Commercial Vehicles Lubricants Market?
The North America Commercial Vehicles Lubricants Market size is expected to reach 0.99 billion Liters in 2024 and grow at a CAGR of 1.01% to reach 1.01 billion Liters by 2026.
What is the current North America Commercial Vehicles Lubricants Market size?
In 2024, the North America Commercial Vehicles Lubricants Market size is expected to reach 0.99 billion Liters.
Who are the key players in North America Commercial Vehicles Lubricants Market?
BP PLC (Castrol), Chevron Corporation, ExxonMobil Corporation, Phillips 66 Lubricants and Royal Dutch Shell Plc are the major companies operating in the North America Commercial Vehicles Lubricants Market.
Which segment has the biggest share in the North America Commercial Vehicles Lubricants Market?
In the North America Commercial Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which country has the biggest share in the North America Commercial Vehicles Lubricants Market?
In 2024, United States accounts for the largest share by country in the North America Commercial Vehicles Lubricants Market.
What years does this North America Commercial Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the North America Commercial Vehicles Lubricants Market size was estimated at 976.41 million Liters. The report covers the North America Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
North America Commercial Vehicles Lubricants Industry Report
Statistics for the 2024 North America Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Commercial Vehicles Lubricants analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
