Fuel and Lube Trucks Market Report 2026

The fuel and lube trucks market size has grown steadily in recent years. It will grow from $2.21 billion in 2025 to $2.32 billion in 2026 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to growth in mining activities, expansion of construction projects, increased mechanized agriculture, demand for field equipment servicing, rise in heavy equipment utilization.

The fuel and lube trucks market size is expected to see strong growth in the next few years. It will grow to $2.87 billion in 2030 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to infrastructure development expansion, mining sector investments, adoption of advanced fleet service trucks, focus on operational efficiency, growth in remote job site operations. Major trends in the forecast period include on site equipment refueling solutions, growth of off road service trucks, integration of digital metering systems, rising demand for high capacity trucks, focus on reducing equipment downtime.

The rising mining activities are expected to drive the growth of the fuel and lube trucks market in the coming years. Mining involves extracting valuable minerals or geological resources from the earth, typically from ore deposits, veins, or subterranean layers. The increase in mining activities is driven by global demand for critical minerals used in clean energy technologies, including lithium, cobalt, and rare earth elements, which are essential for manufacturing batteries, electric vehicles, and renewable energy systems. Fuel and lube trucks are crucial for mining operations, providing on-site refueling and maintenance for heavy equipment, ensuring machinery runs efficiently and minimizing downtime. For example, in February 2025, Geoscience Australia, an Australia-based government agency, reported that Australia produced approximately 953 million tonnes of iron ore in 2023, making it the world’s largest producer. Therefore, rising mining activities are boosting the fuel and lube trucks market.

Leading companies in the fuel and lube trucks market are prioritizing the development of technologically advanced products, such as Class 7 trucks, to provide an optimal balance of power and performance. A Class 7 truck is a heavy-duty vehicle typically used for medium-to-heavy transportation tasks. For example, in March 2025, Sage Oil Vac, a US-based manufacturer of lube equipment, introduced the Class 7 fuel/lube truck. This model boasts impressive capacity with a 1,000-gallon fuel tank, 300 gallons of fresh oil, and 120 gallons for used oil, making it ideal for servicing large machinery. It features enhanced sealing systems that can endure power washing and tough weather conditions, along with a faster multistage vacuum system that operates 100% faster than its predecessors. The truck also comes with a tank fill indicator for precise loading and upgraded backup cameras to improve safety on busy job sites. Additionally, its redesigned storage solutions, sturdier work area, extended bumper, and safety ladder enhance organization and accessibility.

In November 2024, Stellar Industries, a US-based manufacturer of high-quality work trucks, acquired Elliott Machine Works for an undisclosed amount. This acquisition allows Stellar to expand its product offerings with complementary solutions, adding value for its vendors, distributors, and customers in shared markets including mining, construction, and oil and gas. Elliott Machine Works, a US-based manufacturer of fuel and lube trucks, will further strengthen Stellar’s work vehicle lineup.

Major companies operating in the fuel and lube trucks market report include Knapheide Manufacturing Company, Foley Equipment Company, Curry Supply Company, Thunder Creek Equipment LLC, Niece Equipment, Amthor International, McLellan Industries Inc., Service Trucks International, Taylor Pump & Lift, Carco Industries, Auto Crane, Sage Oil Vac Inc., LubeMate by Boss Industries Inc., Almon Equipment Limited, Summit Truck Bodies, Blue Energy Motors Pvt. Ltd., Lubrication Technologies Inc., EMCO Wheaton, Oil Equipment Company, OilServ, Truck Works Manufacturing, FTI Fuel & Lube Trucks, Titan Truck Equipment, Fuel Tank Systems Inc.

North America was the largest region in the fuel and lube trucks market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fuel and lube trucks market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fuel and lube trucks market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The fuel and lube trucks market consists of sales of biodiesel blends, coolants, grease, and cleaning and maintenance products. 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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