Published on : Feb 08, 2018
Albany, New York, February 8, 2018: A new comprehensive report based on retail oil change in U.S. titled “Oil Change Retail - US - January 2018” has recently been added to the database of Market Research Hub (MRH). The report offers detailed insights on the oil change retail industry in the US. The market has been analyzed on the basis of historical context, whereas reliable and accurate forecast has been offered to readers.
According to the report, the internal combustion engine vehicles are required to undergo regular oil changes during maintenance in order to remain operational. The oil change retail industry in US, is a large market and holds substantial share of the automotive aftermarket. There are numerous oil change providers in the country with wide variety from national quick lube chains to a local repair shop.
The informative study begins with an executive summary that provides key information related to the retail oil change market in US along with market numbers. The consumer behavior such as almost fifty percent of the car owners don’t adhere to recommended oil change intervals and synthetic oils increasing mileage intervals between oil changes are some of the issues identified by the report. The report also discusses that using synthetic oils led to an increase between the time intervals between oil changes. Considering the fact that the oil change market remains extremely competitive and fragmented, the leading players in the market are focusing on broadening their range of offerings and launching value-for-money products. The market continues to present a range of opportunities, as there has been an increase in the total number of people driving vehicles in the US. The reduction in the oil prices, owing to OPEC’s cut-deal has encouraged many Americans to use their vehicles again. These factors are likely to provide an impetus to the growth of the oil change market in the US during the assessment period.
Although the outlook on oil change market in the US is positive in the short-term, the industry may be looking at a massive transformation in the long run. The shift to electric vehicles is likely to force the oil change industry to innovate. In the absence of petrol and diesel cars, the oil change industry will have to develop products that are used in the electric vehicles. These factors are likely to pose challenges in the long run. However, the short-term outlook on the market remains positive.
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