North America Automotive Lubricants Market Size & Outlook
North America automotive lubricants market, 2018-2030 (US$M)
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North America automotive lubricants market highlights
- The North America automotive lubricants market generated a revenue of USD 12,161.8 million in 2022.
- The market is expected to grow at a CAGR of 3.1% from 2023 to 2030.
- In terms of segment, engine oil was the largest revenue generating product in 2022.
- Brake Fluids is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 12,161.8 million |
| Market revenue in 2030 | USD 15,497.0 million |
| Growth rate | 3.1% (CAGR from 2022 to 2030) |
| Largest segment | Engine oil |
| Fastest growing segment | Brake Fluids |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Greases, Engine oil, Gear oil, Transmission Fluids, Brake Fluids, Coolants |
| Key market players worldwide | Exxon Mobil Corp, BP Castrol KK, Shell PLC, Repsol SA, Sasol, Cepsa, Fuchs SE Registered Shares, LUKOIL, Indian Oil Corporation, Hindustan Petroleum Corporation Limited, Phillips 66 |
Other key industry trends
- In terms of revenue, North America region accounted for 16.9% of the global automotive lubricants market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 55,611.9 million by 2030.
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Automotive Lubricants Market Scope
Automotive Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America automotive lubricants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive lubricants market will help companies and investors design strategic landscapes.
Engine oil was the largest segment with a revenue share of 52.01% in 2022. Horizon Databook has segmented the North America automotive lubricants market based on greases, engine oil, gear oil, transmission fluids, brake fluids, coolants covering the revenue growth of each sub-segment from 2018 to 2030.
Stringent EPA and REACH regulations in the U.S. and most parts of Europe have prompted manufacturers to shift their focus towards developing bio-based lubricants. Increasing penetration of bio-based lubricants is expected to remain a major threat to mineral lubricants market growth in these regions. North American demand is mainly driven by the rapid industrialization taking place in Mexico. Mexico has emerged a major automobile manufacturing hub since the last decade.
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Target buyers of North America automotive lubricants market databook
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Our clientele includes a mix of automotive lubricants market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America automotive lubricants market , including forecasts for subscribers. This continent databook contains high-level insights into North America automotive lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America Automotive Lubricants Market Outlook Share, 2022 & 2030 (US$M)
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