Oil Change Services in the US
Revenue for the Oil Change Services industry has remained subdued over the five years to 2018. The world price of crude oil was extremely volatile over the past five years, which led to fluctuations in industry demand. However, disposable income increased during the five-year period, while the price of oil declined overall, encouraging consumers to satisfy pent-up demand for industry services. Additionally, the average age of vehicles grew, and as vehicles get older, they are more likely to require maintenance, bolstering industry revenue. The industry is forecast to grow over the next five years. Disposable income is set to rise and, in turn, consumers will visit industry operators at accelerating rates. However, external competition will remain a concern for the industry as larger entities continue pressuring industry operators on price.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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