The global quick lube equipment market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period (2024-2031). One of the major factors contributing to the growth of the market is the rise in the number of quick lube change sites. Multiple companies such as Valvoline Inc., Shell, ReadyAssist, and others are participating to grow the numbers of these sites which are equipped with quick lube equipment and lubricants. Some of these centers also offer quick services and repairs as well.
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For instance, in September 2021, Shell, a lubricant supplier, partnered with the Bengaluru-based roadside assistance startup ReadyAssist to offer a convenient quick oil change service across India. This partnership planned to make 5,500 third-party retail locations in the country where customers can avail free lube change service for their vehicles by purchasing Shell lubricant with no charge for changing lubricant. It also provides paid services such as quick period service, on-spot breakdown support, and towing. Moreover, 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 company signed a definitive agreement with Car Wash Partners, Inc. to purchase 27 Mister Oil Change Express® locations in seven states to rebrand them as Valvoline Instant Oil Change (VIOC) centers. Out of 27, 15 will be owned and operated by the company, and 12 will be owned and operated by the VIOC franchise.
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Market Coverage
- Segment Covered-
o By Equipment Type
o By Vehicle Type
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including American Lubrication Equipment Corp., ATS ELGI, Graco Inc., Lube-Tech, SENECA COMPANIES, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Quick Lube Equipment Market Report Segment
By Equipment Type
- Catwalk Systems
- Dispensing Consoles
- Pit Covers & Safety Nets
- Computer Console
- Others (Foot Stools and Oil Filter Racks)
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
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