North America Automotive Lubricants Market Overview
The North America Automotive Lubricants Market is at 4.03 billion liters in 2021 and is projected to register a CAGR of 2.84% to reach 4.63 billion liters in 2026. Among all vehicle types, passenger vehicles accounted for about 76% of the total on-road vehicles in 2020, thus, generating the highest demand for lubricants in the North American market. The highest proportion of the passenger vehicle population in North America is attributed to the highest lubricant consumption in the passenger vehicles sector in the region.
Geographical Overview
In North America, automotive lubricant consumption stands the highest in the United States, followed by Canada and Mexico. The United States is one of the largest automotive markets, globally, and a leading automotive lubricant consumer in North America, due to its highest vehicle population. The expected recovery in sales and production in Mexico (the largest exporter to the North American market) and Canada (another major exporter), along with the United States, from the second half of 2021, is likely to increase lubricant consumption in the region.
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Key Highlights of the Market
List of Key Players in the North America Automotive Lubricants Market
Mordor Intelligence has segmented the North American automotive lubricants market on the basis of vehicle, product type, and country:
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