U.S. Automotive Lubricants Market Size & Outlook
U.S. automotive lubricants market, 2018-2030 (US$M)
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U.S. automotive lubricants market highlights
- The U.S. automotive lubricants market generated a revenue of USD 8,233.8 million in 2022 and is expected to reach USD 10,366.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 2.9% 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.
Automotive lubricants market data book summary
| Market revenue in 2022 | USD 8,233.8 million |
| Market revenue in 2030 | USD 10,366.6 million |
| Growth rate | 2.9% (CAGR from 2022 to 2030) |
| Largest segment | Engine oil |
| Fastest growing segment | Brake Fluids |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, U.S. accounted for 11.4% of the global automotive lubricants market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. automotive lubricants market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 3,834.9 million by 2030.
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Automotive Lubricants Market Scope
Automotive Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 52.42% in 2022. Horizon Databook has segmented the U.S. 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.
Record sales in the U.S. in 2016 gave the sector a much-needed boost. However, increasing economic malaise across the globe, led to a flat year overall, dampening prospects for global automakers and suppliers in general.
OEMs and suppliers have generally raced to achieve global sales growth while improving margins by leveraging automobile platforms in multiple regions. In 2015, this strategy led to challenges and hurdles for the automotive industry in North America, owing to worsening economic conditions across the globe.
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Our clientele includes a mix of automotive lubricants market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. automotive lubricants market , including forecasts for subscribers. This country databook contains high-level insights into U.S. automotive lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. automotive lubricants market size, by product, 2018-2030 (US$M)
U.S. Automotive Lubricants Market Outlook Share, 2022 & 2030 (US$M)
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