By 2024, U.S. Quick Lube Equipment Market to witness 4.8% CAGR via computer console equipment

The U.S. quick lube equipment market is set to witness notable growth by 2027 driven by growing product demand across rapidly expanding automotive, machinery and electronics sectors in the region. Additionally, increasing disposable income of consumers has boosted the demand for personal vehicles and electronics in the region, which is likely to stimulate product adoption over the forecast period.

Recently, with successful vaccination drives, local governments are relaxing the stay-at-home guidelines that were enforced in view of the COVID-19 pandemic. Subsequently, vehicle usage is gradually gaining its pre-covid momentum, which is bolstering the demand for quick lube equipment, oil, and filter across the region.

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The U.S. quick lube equipment market has been segmented based on equipment and vehicle type. In terms of equipment, the market has further been bifurcated into foot stools, dispensing consoles, catwalk systems, pit covers and safety nets, oil filter rack/air filter rack, computer consoles, and others.

The U.S. quick lube equipment market from the computer console equipment sub-segment is anticipated to exhibit significant growth at a CAGR of around 4.8% through the assessment period.

Meanwhile, the others sub-segment holds a considerable revenue share in the U.S. quick lube equipment market and is expected to attain a sizable valuation of over USD 5 million by the end of 2027, progressing at above 3.7% CAGR over the forecast timeline.

The firm agreed to buy 27 Mister Oil Change Express facilities in seven states from Car Wash Partners, Inc., which were set to be rebranded as Valvoline Instant Oil Change SM (VIOC) centers. Notably, the company said that 15 of the 27 locations would be company-owned and operated, while the remaining 12 were intended to be VIOC franchised.

In another instance, in October 2020, Chevron Corporation, a leading integrated energy company, completed the acquisition of Nobel Energy Inc., an oil and natural gas exploration and production firm. Through this move, Chevron aimed to combine the research and expertise of both companies to achieve greater financial targets in order to gain a competitive edge over other major players in the market.

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Partial Chapter of the Table of Content

Chapter 4   U.S. Quick Lube Equipment Market, By Equipment

4.1    Key equipment trends

4.2    Catwalk Systems

4.2.1    U.S. catwalk systems market estimates and forecast, 2016 – 2027 (USD Million)

4.3    Dispensing Consoles

4.3.1    U.S. dispensing consoles market estimates and forecast, 2016 – 2027 (USD Million)

4.4    Pit Covers & Safety Nets

4.4.1    U.S. pit covers & safety nets market estimates and forecast, 2016 – 2027 (USD Million)

4.5    Foot Stools

4.5.1    U.S. foot stools market estimates and forecast, 2016 – 2027 (USD Million)

4.6    Computer Console

4.6.1    U.S. computer console market estimates and forecast, 2016 – 2027 (USD Million)

4.7    Oil Filter Racks

4.7.1    U.S. oil filter racks market estimates and forecast, 2016 – 2027 (USD Million)

4.8    Others

4.8.1    U.S. others market estimates and forecast, 2016 – 2027 (USD Million)

Chapter 5   U.S. Quick Lube Equipment Market, By Vehicle Type

5.1    Key vehicle type trends

5.2    Passenger Vehicle

5.2.1    U.S. quick lube equipment market estimates and forecast, from Passenger vehicle, 2016 – 2027 (USD Million)

5.3    Commercial Vehicle

5.3.1    U.S. quick lube equipment market estimates and forecast, from commercial vehicle, 2016 – 2027 (USD Million)

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