Oil Change Services in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: February 2024
NAICS 81119bRevenue
$10.8bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
72,996
Businesses
29,850
Wages
$X.Xbn
Oil Change Services in the US industry analysis
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%.
Trends and Insights
- 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 pandemic.
- Synthetic oil is becoming standard in new vehicles. While conventional oil won't become obsolete, it is mostly relegated to older car models.
- Oil change services predominantly exist in urban areas. The presence of high populations in the Southeast and the West attracts more of these services.
- Companies in local markets primarily rely on word-of-mouth recommendations to attract new clients. Fair pricing and quality service generate stronger referrals.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 2.4 % over the past five years, to reach an estimated $10.8bn in 2024.
Trends and Insights
Oil change services benefit from accelerating demand
- Multiple factors supported demand for regular auto maintenance, including oil changes, through the current period. Drivers in the United States rely heavily on vehicles for everyday commutes. This trend, combined with rising vehicle miles and growing consumer spending, has supported recurring and higher spending on a breadth of auto maintenance tasks.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The economy’s post-pandemic recovery will support demand for oil change services
- Normalizing conditions following the pandemic will support steady growth for oil change services. Higher travel rates and employees returning to offices will also drive total vehicle miles, supporting demand for auto maintenance services. Increases in the total number of vehicle registrations will also sustain demand and expand the industry's market size.
Biggest companies in the Oil Change Services in the US
| Company | Market Share (%)
2024 | Revenue ($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.
Products & Services Segmentation
Source: IBISWorld
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.
Trends and Insights
Low-cost conventional oil changes remain a popular choice
- Conventional oil is crude oil that is refined until it has the correct properties to lubricate an engine. The process of refining crude oil into motor oil leaves impurities, weakening a car's performance.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Auto Mechanics in the US
Complementors
- Auto Parts Stores in the US
- Car Body Shops in the US
- Car Wash & Auto Detailing in the US
International industries
- Oil Change Services in Canada
- Motor Vehicle Engine and Parts Repair and Maintenance in Australia
- Motor Vehicle Engine and Parts Repair and Maintenance in New Zealand
- Car Repair Services in China
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Conventional oil changesSemi-synthetic oil changesFull synthetic oil changesDiesel oil changesHigh-mileage oil changesMaintenance servicesCompanies
Valvoline Inc.Royal Dutch Shell PlcChevron CorpPurchase this report to view all 3 major companies in this industry.
Related Terms
OIL CHANGE SHOPPREVENTIVE MAINTENANCEAVERAGE TICKET PRICEIndustry Code
NAICS 811191 - Oil Change Services in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
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 ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Synthetic oil is becoming standard in new vehicles. While conventional oil won't become obsolete, it is mostly relegated to older car models.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Oil change services predominantly exist in urban areas. The presence of high populations in the Southeast and the West attracts more of these services.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
Companies in local markets primarily rely on word-of-mouth recommendations to attract new clients. Fair pricing and quality service generate stronger referrals.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Oil change servicers operate in highly competitive markets. No single company has been able to dominate the industry or determine its direction.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Valvoline Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Royal Dutch Shell Plc's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Chevron Corp's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Valvoline Inc., and factors influencing its performance in the industry
- Description and key data for Royal Dutch Shell Plc, and factors influencing its performance in the industry
- Description and key data for Chevron Corp, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Complying with environmental regulations is essential for oil change services. Companies face fines for failing to meet environmental and workplace safety standards.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
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.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
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.
What data sources do IBISWorld analysts use?
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:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
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:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
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.
How does IBISWorld forecast its data?
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.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Oil Change Services in the US industry in United States in 2024?
The market size of the Oil Change Services in the US industry in United States is $10.8bn in 2024.
How many businesses are there in the Oil Change Services in the US industry 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.
Has the Oil Change Services in the US industry in United States grown or declined over the past 5 years?
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.
What is the forecast growth of the Oil Change Services in the US industry in United States over the next 5 years?
Over the next five years, the Oil Change Services in the US industry in United States is expected to grow.
What are the biggest companies in the Oil Change Services in the US market in United States?
The biggest companies operating in the Oil Change Services market in United States are Valvoline Inc., Royal Dutch Shell Plc and Chevron Corp
What does the Oil Change Services in the US in United States include?
Conventional oil changes and Semi-synthetic oil changes are part of the Oil Change Services in the US industry.
Which companies have the highest market share in the Oil Change Services in the US in United States?
The company holding the most market share in United States is Valvoline Inc..
How competitive is the Oil Change Services in the US industry in United States?
The level of competition is high and increasing in the Oil Change Services in the US industry in United States.
