Quick Lube Equipment Market
Global Quick Lube Equipment Market Size, Share & Trends Analysis Report by Equipment Type (Catwalk Systems, Dispensing Consoles, Pit Covers & Safety Nets, Computer Consoles, and Others), and by Vehicle Type (Passenger Vehicle and Commercial Vehicle) Forecast 2021-2027
The global quick lube equipment market is anticipated to grow at a significant CAGR of 4.9% during the forecast period. One of the major factors causing the growth in the market is the rising new features and automation in vehicles. The key vehicle market players such as Morris Garages, Kia, Hyundai, Honda, and others are normalizing advanced features such as sunroof, power lift tailgates, auto opening, and closing ORVMs, emergency braking, Advanced Driver Assistance System (ADAS), and others in their vehicles in emerging countries which has increased mechanical activities, and it requires regular lubrication to work. Most of these systems are controlled by a sensor, and at any fault, a malfunction indicator light (MIL) shows on the instrument cluster or the system stops working. It has made consumers be concerned about the regular service record of the vehicle which is essential to claim the warranty of such expensive parts of the vehicle.
Impact of COVID-19 Pandemic on Global Quick Lube Equipment Market
The COVID-19 pandemic had impacted most of the industries in the market. The spread of the virus led most of the governments across the globe to impose the lockdown which strictly restricted the uses of the vehicle and shut down most of the vehicle service centers for a while. All this led to a decrease in the demand, and production activities in the quick lube equipment market. It caused market players of lubricants, and lube equipment a huge loss. For instance, as per the financial report of lubricant company Castrol India Ltd. of September 2020, the company’s total income decreased by 27.6% as compared to the total income of the company in September 2019. However, as the situation got normal, Castrol India Ltd. witnessed significant growth. As per the financial report of Castrol India Ltd. on September 2021, total income increased by 48.8% as compared to the total income from the same period of 2020.
Segmental Outlook
The global quick lube equipment market is segmented based on the equipment type and vehicle type. Based on the equipment type, the market is segmented into catwalk systems, dispensing consoles, pit covers & safety nets, computer consoles, and others. The other quick lube equipment are footstools and filter racks. Based on the vehicle type, the market is sub-segmented into passenger vehicles and commercial vehicles. Based on equipment type, dispensing console is anticipated to grow fastest while based on vehicle type, passenger vehicle holds the major share, and is anticipated to grow fastest during the forecast period.
Global Quick Lube Equipment Market Share by Vehicle Type, 2020 (%)
The Passenger Vehicle Segment Holds the Major Share in the Global Quick Lube Equipment Market
The passenger vehicle segment holds the major share and is anticipated to grow fastest, among others, during the forecast period. The passenger vehicle has been dominating in the market since the inception of vehicles owing to economical pricing, made for personal uses, and appropriate size for parking in a society. Commercial vehicles are made to do some specific work for businesses and are usually larger in size which limits their users as compared to passenger vehicles. Thus the larger number of vehicles, the larger use of quick lube equipment. As per the data of Organisation Internationale des Constructeurs d'Automobiles (OICA) the production of the passenger vehicle was 55,834,456 in 2020, while the commercial vehicle was produced 21,787,126 which is 61% lesser than the production of passenger vehicles.
Regional Outlooks
The global quick lube equipment market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Asia-Pacific holds the major share in the quick lube equipment market followed by Europe.
Global Quick Lube Equipment Market Growth, by Region 2021-2027
The Asia-Pacific Region Holds the Major Share in the Global Quick Lube Equipment Market
The Asia Pacific region holds the major share and is anticipated to grow significantly during the forecast period. Being the largest vehicle market in the globe, Asia Pacific requires larger lubricants and a larger number of lube equipment for maintaining regular services of all the vehicles as compared to the other regions. As per the data of OICA, 44,289,900 vehicles were produced in the Asia Pacific region in 2020, which is 57% of the total vehicles were produced across the globe in 2020.
Market Players Outlook
The major companies serving the global quick lube equipment market include American Lubrication Equipment Corp., ATS ELGI, Graco Inc., Lube-Tech, SENECA COMPANIES, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2020, Valvoline Inc., a supplier of lubricants and automotive services, announced its plans to acquire 27 quick-lube locations that expanded its service center across the US. These service centers are equipped with quick lube equipment and lubricants.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global quick lube equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Quick Lube Equipment Market
• Recovery Scenario of Global Quick Lube Equipment Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. American Lubrication Equipment Corp.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. ATS ELGI
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Graco Inc.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Lube-Tech Oil Co.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. SENECA COMPANIES
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Quick Lube Equipment Market by Equipment Type
4.1.1. Catwalk Systems
4.1.2. Dispensing Consoles
4.1.3. Pit Covers & Safety Nets
4.1.4. Computer Console
4.1.5. Others (Foot Stools and Oil Filter Racks)
4.2. Global Quick Lube Equipment Market by Vehicle Type
4.2.1. Passenger Vehicle
4.2.2. Commercial Vehicle
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. C&A Equipment Service
6.2. DEVON Industries, Inc.
6.3. EUROLUBE EQUIPMENT AB
6.4. Guangzhou Balance Machinery Co. Ltd.
6.5. LSI Engineered Products
6.6. Lube Equip Inc.
6.7. Modulube
6.8. Oil Lube Systems Pvt Ltd.
6.9. SVI International, inc.
6.10. TSS
6.11. Unilube Systems
1. GLOBAL QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY EQUIPMENT TYPE, 2020-2027 ($ MILLION)
2. GLOBAL CATWALK SYSTEMS FOR QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL DISPENSING CONSOLES FOR QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL PIT COVERS & SAFETY NETS FOR QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL COMPUTER CONSOLES FOR QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL OTHERS FOR QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2020-2027 ($ MILLION)
8. GLOBAL QUICK LUBE EQUIPMENT FOR PASSENGER VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL QUICK LUBE EQUIPMENT FOR COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
11. NORTH AMERICAN QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
12. NORTH AMERICAN QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY EQUIPMENT TYPE, 2020-2027 ($ MILLION)
13. NORTH AMERICAN QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2020-2027 ($ MILLION)
14. EUROPEAN QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
15. EUROPEAN QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY EQUIPMENT TYPE, 2020-2027 ($ MILLION)
16. EUROPEAN QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2020-2027 ($ MILLION)
17. ASIA-PACIFIC QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. ASIA-PACIFIC QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY EQUIPMENT TYPE, 2020-2027 ($ MILLION)
19. ASIA-PACIFIC QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2020-2027 ($ MILLION)
20. REST OF THE WORLD QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. REST OF THE WORLD QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY EQUIPMENT TYPE, 2020-2027 ($ MILLION)
22. REST OF THE WORLD QUICK LUBE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL QUICK LUBE EQUIPMENT MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL QUICK LUBE EQUIPMENT MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL QUICK LUBE EQUIPMENT MARKET, 2021-2027 (%)
4. GLOBAL QUICK LUBE EQUIPMENT MARKET SHARE BY EQUIPMENT TYPE, 2020 VS 2027 (%)
5. GLOBAL CATWALK SYSTEMS FOR QUICK LUBE EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL DISPENSING CONSOLES FOR QUICK LUBE EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL PIT COVERS & SAFETY NETS FOR QUICK LUBE EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL COMPUTERS CONSOLES FOR QUICK LUBE EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL OTHERS FOR QUICK LUBE EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL QUICK LUBE EQUIPMENT MARKET SHARE BY VEHICLE TYPE, 2020 VS 2027 (%)
11. GLOBAL QUICK LUBE EQUIPMENT FOR PASSENGER VEHICLE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL QUICK LUBE EQUIPMENT FOR COMMERCIAL VEHICLE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL QUICK LUBE EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. US QUICK LUBE EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
15. CANADA QUICK LUBE EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
16. UK QUICK LUBE EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
17. FRANCE QUICK LUBE EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
18. GERMANY QUICK LUBE EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
19. ITALY QUICK LUBE EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
20. SPAIN QUICK LUBE EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
21. REST OF EUROPE QUICK LUBE EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
22. INDIA QUICK LUBE EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
23. CHINA QUICK LUBE EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
24. JAPAN QUICK LUBE EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
25. SOUTH KOREA QUICK LUBE EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
26. REST OF ASIA-PACIFIC QUICK LUBE EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
27. REST OF THE WORLD QUICK LUBE EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
