North America Commercial Vehicles Lubricants Market - Size, Share, Forecast & Covid-19 Impact (2015 - 2026)

The North America Commercial Vehicles Lubricants Market is segmented by Product Type ( Engine Oils, Greases, Hydraulic Fluids, Transmission Oils ) 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/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Product Type: Engine Oils
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: 1.81 %

Key Players

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Market Overview

The North America Commercial Vehicles Lubricants Market is at 922.15 million liters in 2021 and is projected to register a CAGR of 1.81% to reach 1.01 billion liters in 2026. In 2020, owing to the COVID-19 outbreak, freight transportation in North America witnessed a significant decline, causing a drop of over 10% in the volume of engine oil consumed by commercial vehicles.

  • 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.

Scope of the Report

By Product Type
Engine Oils
Greases
Hydraulic Fluids
Transmission Oils
By Country
Canada
Mexico
United States
Rest of North America

Report scope can be customized per your requirements. Click here.

Key Market Trends

Largest Segment By Product Type : Engine Oils

  • 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 : United States

  • 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 be able to witness such growth in adoption due to the harsh weather conditions in the country.

Competitive Landscape

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, Exxon Mobil Corporation, Phillips 66 Lubricants and Royal Dutch Shell (sorted alphabetically).

Major Players

*Disclaimer: Major Players are sorted alphabetically

Recent Developments

  • February 2021: The company launched new Engine Oils for older cars (classic), which meet the specific additive requirements of classic vehicles for handling engine tolerance and keeping high-mileage vehicles running perfectly.
  • February 2021: Pack Logix Inc., based in the United States, bought Phillips 66's spectrum lubricants and packaging factory. Pack Logix obtained the Spectrum plant, through which it may work to extend its abilities to incorporate chemical filling and high-speed lubrication.
  • September 2020: Phillips 66 launched a new product, Triton Euro 10W-40, in 2020. It finds applications in on- and off-highway diesel equipment, trucks, and buses.

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

      1. 3.1.1 Commercial Vehicles

    2. 3.2 Regulatory Framework

      1. 3.2.1 Canada

      2. 3.2.2 Mexico

      3. 3.2.3 United States

    3. 3.3 Value Chain & Distribution Channel Analysis

  4. 4. Market Segmentation

    1. 4.1 By Product Type

      1. 4.1.1 Engine Oils

      2. 4.1.2 Greases

      3. 4.1.3 Hydraulic Fluids

      4. 4.1.4 Transmission Oils

    2. 4.2 By Country

      1. 4.2.1 Canada

      2. 4.2.2 Mexico

      3. 4.2.3 United States

      4. 4.2.4 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 Bardahl

      2. 5.3.2 BP PLC (Castrol)

      3. 5.3.3 Chevron Corporation

      4. 5.3.4 Exxon Mobil Corporation

      5. 5.3.5 HollyFrontier (Petro‑Canada lubricants)

      6. 5.3.6 Phillips 66 Lubricants

      7. 5.3.7 Roshfrans

      8. 5.3.8 Royal Dutch Shell

      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:  

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

    Figure 2:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, BY PRODUCT TYPE, 2015-2026

    Figure 3:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 4:  

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

    Figure 5:  

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

    Figure 6:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, GREASES, 2015-2026

    Figure 7:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, GREASES, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

    Figure 8:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, HYDRAULIC FLUIDS, 2015-2026

    Figure 9:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, HYDRAULIC FLUIDS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

    Figure 10:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, TRANSMISSION OILS, 2015-2026

    Figure 11:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, TRANSMISSION OILS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

    Figure 12:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, BY COUNTRY, 2015-2026

    Figure 13:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME SHARE (%), BY COUNTRY, 2020

    Figure 14:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, CANADA, 2015-2026

    Figure 15:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, CANADA, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 16:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, MEXICO, 2015-2026

    Figure 17:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, MEXICO, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 18:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, UNITED STATES, 2015-2026

    Figure 19:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, UNITED STATES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 20:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, REST OF NORTH AMERICA, 2015-2026

    Figure 21:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, REST OF NORTH AMERICA, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 22:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

    Figure 23:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

    Figure 24:  

    NORTH AMERICA COMMERCIAL VEHICLES LUBRICANTS MARKET SHARE(%), BY MAJOR PLAYERS, 2019

Market Definition

  • Vehicle Types - Passenger Vehicles, Commercial Vehicles and Motorcycles are the vehicle types considered under the automotive lubricants market.
  • Product Types - For the purpose of this study, lubricant products such as engine oils, transmission oils, greases and hydraulic fluids are taken into consideration.
  • Service Refill - Service refill is the primary factor considered while accounting the lubricant consumption for each of the vehicle segments, under the study.
  • Factory Fill - First lubricant fill-ups for newly produced vehicles are considered.

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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 Commercial Vehicles Lubricants Market market is studied from 2015 - 2026.

The North America Commercial Vehicles Lubricants Market is at 922.15 million liters in 2021 and is projected to register a CAGR of 1.81% to reach 1.01 billion liters in 2026. In 2020, owing to the COVID-19 outbreak, freight transportation in North America witnessed a significant decline, causing a drop of over 10% in the volume of engine oil consumed by commercial vehicles.

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.

Expected growth in commercial vehicle sales and increasing freight transportation activities are projected to drive the demand for hydraulic fluids during the forecast period.

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.

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.

BP PLC (Castrol),Chevron Corporation,Exxon Mobil Corporation,Phillips 66 Lubricants and Royal Dutch Shell. are the major companies operating in North America Commercial Vehicles Lubricants Market.