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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.
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.
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
Market Breakup by Base Oil
Market Breakup by Vehicle Type
Market Breakup by Country
Companies are collaborating with automotive manufacturers and aftermarket services providers to enhance the brand visibility.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Base Oil |
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Breakup by Vehicle Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Commercial Vehicles Lubricants Market Overview
8.1 Key Industry Highlights
8.2 Global Commercial Vehicles Lubricants Historical Market (2018-2023)
8.3 Global Commercial Vehicles Lubricants Market Forecast (2024-2032)
8.4 Global Commercial Vehicles Lubricants Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Commercial Vehicles Lubricants Market Overview
9.1 Key Industry Highlights
9.2 North America Commercial Vehicles Lubricants Historical Market (2018-2023)
9.3 North America Commercial Vehicles Lubricants Market Forecast (2024-2032)
10 North America Commercial Vehicles Lubricants Market by Type
10.1 Engine Oil
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Hydraulic Fluids
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Transmission and Gear Oil
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Greases
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 North America Commercial Vehicles Lubricants Market by Base Oil
11.1 Mineral Oil Lubricants
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Synthetic Lubricants
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Semisynthetic Lubricants
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Bio-based Lubricants
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 North America Commercial Vehicles Lubricants Market by Vehicle Type
12.1 Light Commercial Vehicles
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Heavy Commercial Vehicles
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 North America Commercial Vehicles Lubricants Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Shell PLC
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Amsoil Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 BP plc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Chevron Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Exxon Mobil Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 TotalEnergies SE
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 VGP Holdings LLC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 MOTUL S.A.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 CITGO Petroleum Corporation
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Commercial Vehicles Lubricants Market: Key Industry Highlights, 2018 and 2032
2. North America Commercial Vehicles Lubricants Market: Key Industry Highlights, 2018 and 2032
3. North America Commercial Vehicles Lubricants Historical Market: Breakup by Type (USD Billion), 2018-2023
4. North America Commercial Vehicles Lubricants Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. North America Commercial Vehicles Lubricants Historical Market: Breakup by Base Oil (USD Billion), 2018-2023
6. North America Commercial Vehicles Lubricants Market Forecast: Breakup by Base Oil (USD Billion), 2024-2032
7. North America Commercial Vehicles Lubricants Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
8. North America Commercial Vehicles Lubricants Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
9. North America Commercial Vehicles Lubricants Historical Market: Breakup by Country (USD Billion), 2018-2023
10. North America Commercial Vehicles Lubricants Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. North America Commercial Vehicles Lubricants Market Structure
In 2023, the market reached an approximate value of USD 16.83 billion.
The market is expected to grow at a CAGR of 3.9% between 2024 and 2032.
The commercial vehicles lubricants market in North America is expected to reach a value of USD 23.89 billion by 2032.
Types of lubricants used in commercial vehicles include engine oil, hydraulic fluids, transmission and gear oil, and greases.
Key trends contributing towards the market growth include the shift towards zero emission vehicles and demand for lower viscosity lubricants.
Growing demand for commercial vehicles and technological advancements are driving the market.
Major countries in the market are the USA and Canada.
Key players in the market are Shell PLC, Amsoil Inc., BP plc, Chevron Corporation, Exxon Mobil Corporation, TotalEnergies SE, VGP Holdings LLC, MOTUL S.A, and CITGO Petroleum Corporation, among others.
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