US Automotive Engine Oils Market Size
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Study Period: | 2015 - 2026 |
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Largest Share by Vehicle Type: | Passenger Vehicles |
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Fastest Growing by Vehicle Type: | Passenger Vehicles |
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CAGR: | 2.99 % |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
US Automotive Engine Oils Market Analysis
The United States Automotive Engine Oils Market is at 2.57 billion liters in 2021 and is projected to register a CAGR of 2.99% to reach 2.97 billion liters in 2026. In 2020, the significant decline in the miles traveled during the year due to the pandemic outbreak and restricted commute have affected the engine oil consumption in the country severely.
- Largest Segment by Vehicle Type - Passenger Vehicles : The highest proportion of passenger vehicle population in the United States is attributed to the highest engine oil consumption in the passenger vehicles segment.
- Fastest Segment by Vehicle Type - Passenger Vehicles : As the social distancing measures are being slowly eased in the country, the usage of passenger vehicles is likely to increase, thereby boosting their engine oil consumption.
US Automotive Engine Oils Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
US Automotive Engine Oils Market Trends
This section covers the major market trends shaping the US Automotive Engine Oils Market according to our research experts:
Largest Segment By Vehicle Type : Passenger Vehicles
- During 2015-2020, the engine oil consumption in the country witnessed a fluctuating trend and recorded a negative CAGR of 3.95%.
- Most of the engine oils used in the United States 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, higher penetration of synthetic engine oils significantly restrained the growth of this product type, in terms of volume, during 2015-2020.
- Post the COVID-19 outbreak, the engine oil change requirements of vehicles further declined. The usage of the existing automotive fleet is gradually boosting the engine oil volume consumption, which is likely to recover at a CAGR of 2.99% during the forecast period.
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US Automotive Engine Oils Industry Overview
The United States Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 74.66%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, Phillips 66 Lubricants, Royal Dutch Shell Plc and Valvoline Inc. (sorted alphabetically).
US Automotive Engine Oils Market Leaders
BP PLC (Castrol)
ExxonMobil Corporation
Phillips 66 Lubricants
Royal Dutch Shell Plc
Valvoline Inc.
*Disclaimer: Major Players sorted in no particular order
US Automotive Engine Oils 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.
US Automotive Engine Oils 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 Vehicle Type
4.1.1. Commercial Vehicles
4.1.2. Motorcycles
4.1.3. Passenger Vehicles
4.2. By Product Grade
5. Competitive Landscape
5.1. Key Strategic Moves
5.2. Market Share Analysis
5.3. Company Profiles
5.3.1. BP PLC (Castrol)
5.3.2. Chevron Corporation
5.3.3. CITGO
5.3.4. ExxonMobil Corporation
5.3.5. MOTOREX
5.3.6. Motul
5.3.7. Phillips 66 Lubricants
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
List of Tables & Figures
Figure 1:
VEHICLE POPULATION, NUMBER OF UNITS, UNITED STATES, 2015 - 2026
Figure 2:
COMMERCIAL VEHICLES POPULATION, NUMBER OF UNITS, UNITED STATES, 2015 - 2026
Figure 3:
MOTORCYCLES POPULATION, NUMBER OF UNITS, UNITED STATES, 2015 - 2026
Figure 4:
PASSENGER VEHICLES POPULATION, NUMBER OF UNITS, UNITED STATES, 2015 - 2026
Figure 5:
UNITED STATES AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, BY VEHICLE TYPE, 2015-2026
Figure 6:
UNITED STATES AUTOMOTIVE ENGINE OILS MARKET, VOLUME SHARE (%), BY VEHICLE TYPE, 2020
Figure 7:
UNITED STATES AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, COMMERCIAL VEHICLES, 2015-2026
Figure 8:
UNITED STATES AUTOMOTIVE ENGINE OILS MARKET, COMMERCIAL VEHICLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 9:
UNITED STATES AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, MOTORCYCLES, 2015-2026
Figure 10:
UNITED STATES AUTOMOTIVE ENGINE OILS MARKET, MOTORCYCLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 11:
UNITED STATES AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, PASSENGER VEHICLES, 2015-2026
Figure 12:
UNITED STATES AUTOMOTIVE ENGINE OILS MARKET, PASSENGER VEHICLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 13:
UNITED STATES AUTOMOTIVE ENGINE OILS MARKET, VOLUME SHARE (%), BY PRODUCT GRADE, 2020
Figure 14:
UNITED STATES AUTOMOTIVE ENGINE OILS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
Figure 15:
UNITED STATES AUTOMOTIVE ENGINE OILS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
Figure 16:
UNITED STATES 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.
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
