U.S. Quick Lube Equipment Market Analysis

U.S. Quick Lube Equipment Market Analysis

The dispensing console equipment segment is anticipated to grow with a lucrative CAGR over 5.0% between 2020 and 2027 and surpass USD 3.50 million by 2027. The dispensing console offers the benefits of managing different oils and lubricants safely, cleanly & cost-effectively. Furthermore, the U.S. quick lube equipment market will witness a demand as it offers the benefits of efficient oil transfer compared to other bulk oil dispensers.
 

The increasing demand for high-quality oil dispensing consoles owing to their advantages of preventing expensive oil spills, clean up, high labor cost, and cross-contamination of oil will foster product demand. Growing government standards and regulations on reducing costly oil spills and oil dispensing needs will further augment the quick lube equipment market share in the U.S. during the projected time frame.
 

Passenger vehicle in the U.S. quick lube equipment market is expected to show a significant growth at a CAGR of over 4.5% between 2021 and 2027 and anticipated to reach over USD 16.50 million by 2027. The increasing consumer inclination toward easy and convenient maintenance routine will boost product demand for the quick lube process, resulting in business growth in the U.S. region. Quick lube equipment is used in passenger vehicles for vehicle maintenance, light oil change, and tire rotations.
 

Routine maintenance is a time-consuming process that requires drop off and pick up of vehicles owing to which quick lube equipment is used for quick routine maintenance, thus saving the consumer time and money. Consumer preference for fast and efficient vehicle services owing to busy lifestyles will foster quick lube equipment demand for passenger vehicle maintenance, thus strengthening U.S. quick lube equipment market growth during the projected time frame.