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U.S. Quick Lube Equipment Market Size

  • Report ID: GMI5080
  • Published Date: Jul 2024
  • Report Format: PDF

U.S. Quick Lube Equipment Market Size

U.S. Quick Lube Equipment Market size was valued at USD 18.1 billion in 2023 and is anticipated to register a CAGR of 3.6% between 2024 and 2032, driven by the increasing number of vehicles on the road and consumers' desire for convenient, fast oil change services. As more consumers rely on personal vehicles for transportation, the demand for regular maintenance services, particularly quick oil changes, has risen steadily. This trend has led to the expansion of quick lube service centers across the country and, consequently, a growing market for specialized equipment used in these facilities.

 

Additionally, the equipment used in quick lube operations has also evolved to meet the changing needs of the industry. Manufacturers have developed more efficient and technologically advanced systems, including automated oil dispensers, waste oil collection units, and computerized diagnostic tools. These innovations have allowed quick lube businesses to improve their service speed, accuracy, and overall customer experience. Additionally, as environmental regulations have become stricter, equipment designed to minimize oil spills and facilitate proper waste disposal has become increasingly important, further driving growth and innovation in the quick lube equipment sector.
 

One of the challenges in the market is the increasing complexity of modern vehicles, which often require specialized tools and equipment to service properly. This trend forces quick lube businesses to continually invest in new equipment and training, potentially straining their resources and affecting profit margins. Additionally, the rise of electric vehicles (EVs) poses a long-term challenge to the traditional quick lube model, as EVs require less frequent maintenance and different types of services compared to internal combustion engine vehicles.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

U.S. quick lube equipment market share had reached USD 16.5 million during 2020 and could witness a steady 4% CAGR over 2021-2027 due to increase in spending on passenger vehicle maintenance.

The U.S. dispensing console equipment market share is anticipated to hit the USD 3.5 million mark by 2027 with advantages like cost-effectiveness and safe management of lubricants.

Passenger vehicle segment could be more than USD 16.5 million by 2027 as consumers are able to enjoy easier and convenient maintenance.

Devon Lube Industries, American Lubrication Equipment Corporation, LSI Engineered Products, TSS Inc. and Unilube Systems, Ltd. are some of the major quick lube equipment companies in the U.S.

U.S. Quick Lube Equipment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 49
  • Countries covered: 1
  • Pages: 135
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