North America Commercial Vehicles Lubricants Market Report and Forecast 2025-2034

North America Commercial Vehicles Lubricants Market Outlook

The North America commercial vehicles lubricants market size was valued at USD 16.83 billion in 2023. The market is further projected to grow at a CAGR of 3.9% between 2024 and 2032, reaching a value of USD 23.89 billion by 2032.

Key Takeaways

• The sales of commercial cars in the United States reached a volume of 11.4 million units in 2022.

• In North America, there's an ongoing trend toward lower viscosity lubricants, marked by a shift from SAE 15W-40 oils to SAE 10W-30. Despite this trend, SAE 15W-40 is expected to account for nearly 50% of the market by the decade's end.

• In July 2023, Petro-Canada Lubricants, an HF Sinclair brand, introduced a new range of lubricants specifically designed for electric vehicles, aimed at helping OEMs overcome present EV challenges.

In North America, commercial trucks are crucial to local commerce, making diligent vehicle maintenance critical. Lubricants play a vital role in reducing friction between moving parts, ensuring engines run smoothly and efficiently, and acting as a conduit for excess heat to be transferred to coolers, maintaining ideal operating temperatures.

As the transportation sector moves towards a zero-emissions future, there's a rising demand for advanced lubricants which not only support hardware innovation but also reliably extend component lifespan and enhance fuel efficiency across extended oil change intervals. Thus, the rising electric vehicle sales in the region is creating greater demand for high-performance lubricants with exceptional durability, efficiency, and environmental sustainability.

Challenging operating conditions, demand for more fuel- efficient vehicles, vehicles with greater power and torque and environmental demands are placing continued pressure on the transmission systems of the commercial vehicles. In response, manufacturers of commercial vehicles are increasingly turning to lubricant producers for help in gaining a competitive advantage in engineering new engines. Consequently, this collaboration is fuelling the North America commercial vehicles lubricants market growth.

Market Segmentation

North America Commercial Vehicles Lubricants Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.

Market Breakup by Type

• Engine Oil

• Hydraulic Fluids

• Transmission and Gear Oil 

• Greases

• Others

Market Breakup by Base Oil

• Mineral Oil Lubricants

• Synthetic Lubricants

• Semisynthetic Lubricants

• Bio-based Lubricants

Market Breakup by Vehicle Type

• Light Commercial Vehicles

• Heavy Commercial Vehicles

Market Breakup by Country

• United States of America

• Canada

Competitive Landscape

Companies are collaborating with automotive manufacturers and aftermarket services providers to enhance the brand visibility.

• Shell PLC

• Amsoil Inc.

• BP plc

• Chevron Corporation

• Exxon Mobil Corporation

• TotalEnergies SE

• VGP Holdings LLC

• CITGO Petroleum Corporation

• MOTUL S.A.

• Others

Key Highlights of the Report