PUBLISHER: IMARC | PRODUCT CODE: 1675796
PUBLISHER: IMARC | PRODUCT CODE: 1675796
The global aftermarket for engine oil in passenger cars market size reached 1.2 Billion Gallons in 2024. Looking forward, IMARC Group expects the market to reach 1.6 Billion Gallons by 2033, exhibiting a growth rate (CAGR) of 3.2% during 2025-2033. The increasing demand for passenger cars, the escalating need for regular maintenance, check, and servicing in vehicles, rapid product innovations, widespread product availability across e-commerce platforms, and extensive research and development (R&D) activities are some of the key factors driving the market.
The aftermarket for engine oil in passenger cars refers to the sale and distribution of engine oil products that are not directly supplied by the original equipment manufacturer (OEM) or the vehicle manufacturer. It offers a diverse range of engine oil products to cater to different car models, engine types, and performance requirements. The aftermarket for engine oil in passenger cars helps ensure proper engine maintenance, enhances the performance of passenger car engines, and provides cost-effective solutions for oil changes and routine maintenance. As compared to purchasing OEM-branded oils, aftermarket engine oils are widely accessible through various channels, such as auto parts stores, online retailers, and independent service centers, and are cost-effective. Moreover, aftermarket engine oils are extensively used in pickup trucks, minivans, SUVs, and compact cars.
The increasing demand for passenger cars across the globe is one of the key factors propelling the market growth. In line with this, the rising need for regular maintenance and servicing is acting as another growth-inducing factor. Engine oil is widely used for regular maintenance to ensure optimal engine performance and longevity. Moreover, the widespread product adoption to maintain performance and prevent engine wear in aging vehicles is creating a positive outlook for the market. Apart from this, the introduction of advanced engine oils that can withstand higher temperatures and provide improved lubrication is providing an impetus to the market growth. Additionally, the increasing demand for engine oil products that contribute to reduced emissions and improved fuel efficiency due to the rising environmental consciousness among the masses is contributing to the market growth. Furthermore, the increasing awareness among consumers regarding the importance of regular vehicle maintenance, including oil changes, is positively influencing the market growth. Other factors, including significant growth in the automotive industry, enhanced focus on research and development (R&D) activities, and widespread product availability across e-commerce platforms, are repeating remunerative growth opportunities for the market.
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