North America Automotive Lubricants Market Report and Forecast 2024-2032

North America Automotive Lubricants Market Outlook

The North America automotive lubricants market size reached approximately USD 22.56 billion in 2023. The market is projected to grow at a CAGR of 4.2% between 2024 and 2032, reaching a value of around USD 32.86 billion by 2032.

Key Trends in the Market

Automotive lubricants are essential fluids used in vehicles to reduce friction, heat, and wear between moving parts, ensuring smooth operation, longevity, and optimal performance of various mechanical components. These lubricants play a critical role in mitigating frictional forces within engines, transmissions, steering systems, and other vehicle parts, contributing to the overall efficiency and reliability of automobiles.

• The adoption of synthetic and semi-synthetic lubricants significantly supports the North America automotive lubricants market growth owing to their superior performance. There is a notable shift towards low-viscosity lubricants designed to meet stringent fuel efficiency standards. This trend aligns with automakers' efforts to improve fuel economy and enhance vehicle performance.

• The growing adoption of electric and hybrid vehicles affects the demand for lubricants. While these vehicles use fewer lubricants than traditional engines, they require specialised ones for components like bearings, gears, and electric motors. Manufacturers are creating tailored lubricants focusing on thermal management and wear protection for these alternative powertrain systems.

• Stringent environmental regulations drive the development of eco-friendly lubricants with reduced emissions, biodegradability, and enhanced recyclability. This trend is one of the key factors influencing the North America automotive lubricants market demand, emphasising the formulation of lubricants with fewer hazardous additives, supporting the sector’s commitment to sustainability and environmental responsibility.

North America Automotive Lubricants Market Segmentation

Based on base oil, the market can be segmented into mineral oil lubricants, synthetic lubricants, semi-synthetic lubricants, and bio-based lubricants. The market categorisation, based on vehicle type, includes passenger cars, light commercial vehicles, and heavy commercial vehicles, among others.

The market, based on applications, is divided into engine oil, gear and brake oil, transmission fluids, and greases, among others. The major regional markets for automotive lubricants in North America are the United States of America and Canada.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America automotive lubricants market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• 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

Market Share by Type

According to the North America automotive lubricants market analysis, synthetic lubricants enjoy significant popularity in the region due to their exceptional qualities, which make them highly favoured by consumers, manufacturers, and market players.

Compared to traditional mineral-based oils, synthetic lubricants boast superior performance attributes. Their viscosity index is notably higher across a broad temperature spectrum, ensuring reliable lubrication and stability, even under extreme conditions. This reliability is a significant factor attracting users seeking consistent performance in diverse environments.

Additionally, synthetic lubricants tend to have a longer service life in comparison to conventional oils. Their exceptional resistance to thermal breakdown and oxidation allows for extended intervals between oil changes. This extended duration between maintenance cycles reduces the frequency of servicing, ultimately lowering costs for vehicle owners and fleet operators.

Market Share by Region

The United States of America is expected to occupy a major portion of the North America automotive lubricants market share during the forecast period. The market benefits from a robust network of automobile manufacturers, suppliers, and service providers. The country's large vehicle fleet size, including passenger cars, commercial vehicles, and trucks, generates substantial demand for lubricants. Additionally, the presence of major lubricant manufacturers, technological advancements, and a strong emphasis on research and development contribute to the nation's leadership position in this market.

Moreover, stringent environmental regulations and evolving consumer preferences toward eco-friendly and high-performance lubricants have driven innovation within the U.S. market, propelling it ahead in terms of product diversity and quality.

Competitive Landscape

Shell PLC is a globally recognised energy and petrochemical company with a diverse presence in the oil, gas, and chemicals sectors. It operates across multiple segments, including exploration, production, refining, and marketing of energy products. Shell is known for its extensive reach, offering a wide range of energy solutions and actively investing in sustainable energy alternatives.

AMSOIL INC. specialises in manufacturing high-quality synthetic lubricants and performance products for automotive, industrial, and commercial applications. Founded in 1972, the company is esteemed for its premium synthetic oils, transmission fluids, and filtration systems, catering to automotive enthusiasts, mechanics, and industrial operators.

BP plc is a major integrated energy company operating globally in the exploration, production, refining, and retailing of energy products. It boasts a significant presence in the oil and gas sector and is actively investing in renewable energy technologies to reduce emissions and support the transition to a lower-carbon future.

Other key players in the North America automotive lubricants market are Chevron Corporation, CITGO Petroleum Corporation, Exxon Mobil Corporation, MOTUL S.A., Phillips 66 group of companies, TotalEnergies SE, and Valvoline Inc., among others.

Key Highlights of the Report