Automotive Engine Oil Market Report 2026

The automotive engine oil market size has grown strongly in recent years. It will grow from $45.56 billion in 2025 to $47.86 billion in 2026 at a compound annual growth rate (CAGR) of 5%. The growth in the historic period can be attributed to growth in vehicle parc, routine vehicle maintenance demand, dominance of internal combustion engines, expansion of aftermarket servicing, lubricant brand penetration.

The automotive engine oil market size is expected to see strong growth in the next few years. It will grow to $58.81 billion in 2030 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to low-emission lubricant formulations, electric vehicle fluid requirements, stricter fuel efficiency norms, growth of premium lubricants, sustainability-driven oil innovation. Major trends in the forecast period include shift toward synthetic and low-viscosity oils, demand for extended drain intervals, growth of high-mileage engine oils, expansion of ev-compatible fluids, focus on engine protection.

The growing demand for carrier vehicles from small- and medium-scale enterprises is significantly driving the growth of the automotive engine oil market. Carrier vehicles are lightweight commercial vehicles used for transporting goods. The production of lightweight commercial vehicles is increasing worldwide. This steady rise in the production of light commercial vehicles (carrier vehicles) is consequently boosting the demand for automotive engine oil used in these vehicles. For instance, in August 2025, according to the American Trucking Associations (ATA), a U.S.-based national trade association for the trucking industry, in 2024, U.S. domestic truck freight shipments totaled an estimated 11.27 billion tons, representing primary shipments only. In 2023, the United States had 14.89 million registered trucks, including both single-unit and combination vehicles, accounting for 5% of all registered motor vehicles. Therefore, the increasing demand for carrier vehicles is contributing to the growth of the automotive engine oil market.

Key players within the automotive engine oil market are prioritizing the development of innovative products to meet the escalating demand across both passenger car and commercial vehicle segments. These companies are actively introducing engine oil formulations compliant with the latest regulations and tailored to suit the requirements of new-generation engines. For instance, in April 2023, Brakes India, an India-based braking systems supplier, unveiled its newest engine oil, Revia. The Revia 15W40 CK4 engine oil complies with the latest BS6 (Bharat Stage 6) standards and is engineered to meet the demands of modern engines. Featuring advanced additives such as HyperZDP technology specifically designed for passenger cars and turbo boosters optimized for commercial vehicles, Revia engine oil is geared to enhance engine durability and performance significantly.

In May 2023, AMSOIL INC., a US-based leader in synthetic lubricant technology, completed the acquisition of Milwaukee-based Benz Oil. Established in 1898, Benz Oil specializes in the development, manufacturing, and supply of industrial and metalworking fluids. With this acquisition, Benz Oil becomes a part of AMSOIL, integrating within the AMSOIL Industrial business unit. This strategic move aligns with AMSOIL's objective of expanding its portfolio and strengthening its position within the industrial and automotive lubricant markets by incorporating Benz Oil's expertise and product offerings.

Major companies operating in the automotive engine oil market report include Exxon Mobil Corporation, Valvoline Inc., Fuchs Petrolub SE, Castrol Ltd., Shell plc, Chevron Corporation, BP plc, TotalEnergies SE, Sinopec Group, Motul SA, Petroliam Nasional Berhad, Pentagon Lubricants, Eni SpA, Hinduja Group, Saudi Arabian Oil Co., PetroChina Company Limited, Idemitsu Kosan Co. Ltd., JXTG Nippon Oil & Energy Corporation, Lukoil Oil Company, Phillips 66 Company, Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Limited, Petronas Lubricants International Sdn Bhd, Caltex Australia Petroleum Pty Ltd., SK Lubricants Co. Ltd., Repsol SA, PTT Public Company Limited, PT Pertamina, Gazprom Neft.

Asia-Pacific was the largest region in the automotive engine oil market in 2025. The regions covered in the automotive engine oil market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive engine oil market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The automotive engine oil market consists of sales of conventional motor oil, high-mileage engine oil, synthetic motor oil, and synthetic blend motor oil. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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