Market Forecast by Countries (United States, Canada), By Base Oil (Mineral Oil, Synthetic Oil, PAO, PAG, Esters, Group III (Hydrocracking)), By Type (Hydraulic Fluid, Engine Oil, Gear Oil, Automatic Transmission Fluid, Grease, Compressor Oil, Others), By Equipment Type (Earthmoving, Material Handling, Heavy Construction Vehicle) And Competitive Landscape
Product Code: ETC4622359 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
North America Construction Lubricants Market report thoroughly covers the market by countries, base oil, type and equipment type. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America construction lubricants market is expected to witness steady growth during the forecast period. This can be attributed to the growth in infrastructure development and increasing demand for high-performance lubricants in various construction applications such as heavy equipment, concrete mixing plants, and asphalt pavers.
According to 6Wresearch, North America Construction Lubricants Market size is expected to grow at a significant CAGR of 8.2% during 2025-2031. One of the major drivers for this market is the increasing demand for infrastructure development in North America. With growing urbanization and population, there is a need for new buildings, roads, and other infrastructure projects. This has led to an increase in construction activities, which in turn creates a demand for lubricants to ensure smooth operations of heavy machinery and equipment. Another factor contributing to the growth of this market is the rising awareness about the benefits of using construction lubricants. These lubricants not only help in reducing friction and wear in machinery but also provide protection against corrosion and extend the lifespan of equipment. Moreover, with advancements in technology, there are now specialized lubricants available for specific types of machinery and applications, further driving the demand for construction lubricants.
However, despite these drivers, there are certain challenges that could hinder the growth of the North America construction lubricants market. For instance, fluctuations in crude oil prices can affect production costs and ultimately impact the pricing of lubricant products. This can also lead to a shift in the demand for different types of lubricants that are more cost-effective. Additionally, there is a growing trend towards using environmentally friendly and sustainable products, which could also impact the demand for traditional petroleum-based construction lubricants.
The presence of major players in the region, such as ExxonMobil Corporation, Chevron Corporation, and Royal Dutch Shell plc, is also contributing to the growth of the North America construction lubricants market. These companies offer a wide range of high-quality lubricant products specifically designed for heavy-duty equipment used in construction activities.
The government initiatives and regulations promoting infrastructure development and sustainable construction practices are further propelling the demand for construction lubricants in North America. Various policies such as tax incentives for green buildings, energy efficiency standards, and sustainable development goals are encouraging construction companies to use environmentally friendly lubricants in their operations.
According to Ravi Bhandari, Research Head, 6Wresearch, the United States is home to some of the biggest construction companies in the world, such as Bechtel Corporation and AECOM. However, Canada is also emerging as a significant player in the North American construction lubricants market.
On the basis of base oil, mineral oil is the most commonly used in construction lubricants due to its low cost and wide availability. It is derived from crude oil through a refining process and can be further processed to achieve different viscosity levels.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Construction Lubricants Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Construction Lubricants Market Revenues & Volume, 2021 & 2031F |
3.3 North America Construction Lubricants Market - Industry Life Cycle |
3.4 North America Construction Lubricants Market - Porter's Five Forces |
3.5 North America Construction Lubricants Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Construction Lubricants Market Revenues & Volume Share, By Base Oil, 2021 & 2031F |
3.7 North America Construction Lubricants Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 North America Construction Lubricants Market Revenues & Volume Share, By Equipment Type, 2021 & 2031F |
4 North America Construction Lubricants Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Construction Lubricants Market Trends |
6 North America Construction Lubricants Market, 2021 - 2031 |
6.1 North America Construction Lubricants Market, Revenues & Volume, By Base Oil, 2021 - 2031 |
6.2 North America Construction Lubricants Market, Revenues & Volume, By Type, 2021 - 2031 |
6.3 North America Construction Lubricants Market, Revenues & Volume, By Equipment Type, 2021 - 2031 |
7 United States Construction Lubricants Market, 2021 - 2031 |
7.1 United States Construction Lubricants Market, Revenues & Volume, By Base Oil, 2021 - 2031 |
7.2 United States Construction Lubricants Market, Revenues & Volume, By Type, 2021 - 2031 |
7.3 United States Construction Lubricants Market, Revenues & Volume, By Equipment Type, 2021 - 2031 |
8 Canada Construction Lubricants Market, 2021 - 2031 |
8.1 Canada Construction Lubricants Market, Revenues & Volume, By Base Oil, 2021 - 2031 |
8.2 Canada Construction Lubricants Market, Revenues & Volume, By Type, 2021 - 2031 |
8.3 Canada Construction Lubricants Market, Revenues & Volume, By Equipment Type, 2021 - 2031 |
9 North America Construction Lubricants Market Key Performance Indicators |
10 North America Construction Lubricants Market - Opportunity Assessment |
10.1 North America Construction Lubricants Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Construction Lubricants Market Opportunity Assessment, By Base Oil, 2021 & 2031F |
10.3 North America Construction Lubricants Market Opportunity Assessment, By Type, 2021 & 2031F |
10.4 North America Construction Lubricants Market Opportunity Assessment, By Equipment Type, 2021 & 2031F |
11 North America Construction Lubricants Market - Competitive Landscape |
11.1 North America Construction Lubricants Market Revenue Share, By Companies, 2024 |
11.2 North America Construction Lubricants Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |