North America Automotive Lubricants Market Size & Outlook

The automotive lubricants market in North America is expected to reach a projected revenue of US$ 15,497.0 million by 2030. A compound annual growth rate of 3.1% is expected of North America automotive lubricants market from 2023 to 2030.
Revenue, 2022 (US$M)
$12,161.8
Forecast, 2030 (US$M)
$15,497.0
CAGR, 2023 - 2030
3.1%
Report Coverage
North America

North America automotive lubricants market, 2018-2030 (US$M)

North

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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 2022USD 12,161.8 million
Market revenue in 2030USD 15,497.0 million
Growth rate3.1% (CAGR from 2022 to 2030)
Largest segmentEngine oil
Fastest growing segmentBrake Fluids
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationGreases, Engine oil, Gear oil, Transmission Fluids, Brake Fluids, Coolants
Key market players worldwideExxon 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 segmentation & scope

Automotive Lubricants Market Companies

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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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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

North America Automotive Lubricants Market Outlook Share, 2022 & 2030 (US$M)

North America automotive lubricants market

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