$10.8bn
$X.Xbn
72,996
29,850
$X.Xbn
Despite changes in driving patterns or economic fluctuations, demand for critical and non-discretionary auto maintenance tasks, including oil changes, remains consistent. For example, revenue jumped 2.3% in 2020 despite poor economic conditions and major lockdown restrictions leading to less driving activity. Conversely, pent-up demand for travel supported growth among oil change services, particularly as government restrictions lifted through 2021 and 2022. However, workforce shortages, rising wage growth and increased competition have threatened profit growth. Revenue has climbed at an expected CAGR of 5.5% to $12.0 billion through the current period, including a 2.3% jump in 2024, where profit will reach 15.3%.
Industry revenue has grown at a CAGR of 2.4 % over the past five years, to reach an estimated $10.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Valvoline Inc. | 60.8 | 10.1 | 16.5 | |
Royal Dutch Shell Plc | 44.1 | 19.9 | 45.1 | |
Chevron Corp | 8.4 | 3.8 | 45.1 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Oil Change Services in the US
Industry revenue is measured across several distinct product and services lines, including Conventional oil changes, Semi-synthetic oil changes and Full synthetic oil changes. Conventional oil changes is the largest segment of the Oil Change Services in the US.
Low-cost conventional oil changes remain a popular choice
Industry operators change motor oil, lubricate the chassis of automotive vehicles and provide other automotive repair and maintenance services, such as tire rotations and liquid flushes. Unlike auto mechanics, companies in this industry do not provide mechanical and electrical repair and maintenance. Industry operators are also not involved in body, paint, interior or glass repair. Companies that provide car wash services are also not included.
Purchase this report to view all 3 major companies in this industry.
NAICS 811191 - Oil Change Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Oil change services showed resilience to economic ups and downs. Service providers have displayed notable revenue stability despite decreased vehicle miles from the COVID-19 ...
Learn about an industry's products and services, markets and trends in international trade.
Synthetic oil is becoming standard in new vehicles. While conventional oil won't become obsolete, it is mostly relegated to older car models.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Oil change services predominantly exist in urban areas. The presence of high populations in the Southeast and the West attracts more of these services.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Companies in local markets primarily rely on word-of-mouth recommendations to attract new clients. Fair pricing and quality service generate stronger referrals.
Learn about the performance of the top companies in the industry.
Oil change servicers operate in highly competitive markets. No single company has been able to dominate the industry or determine its direction.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Complying with environmental regulations is essential for oil change services. Companies face fines for failing to meet environmental and workplace safety standards.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Regular auto maintenance is vital for all vehicles. The industry's non-discretionary nature creates steady profit growth despite climbing wage costs and high competition.
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Oil Change Services in the US industry in United States is $10.8bn in 2024.
There are 29,850 businesses in the Oil Change Services in the US industry in United States, which has grown at a CAGR of 0.8 % between 2019 and 2024.
The market size of the Oil Change Services in the US industry in United States has been growing at a CAGR of 2.4 % between 2019 and 2024.
Over the next five years, the Oil Change Services in the US industry in United States is expected to grow.
The biggest companies operating in the Oil Change Services market in United States are Valvoline Inc., Royal Dutch Shell Plc and Chevron Corp
Conventional oil changes and Semi-synthetic oil changes are part of the Oil Change Services in the US industry.
The company holding the most market share in United States is Valvoline Inc..
The level of competition is high and increasing in the Oil Change Services in the US industry in United States.