According to the research report titled ‘U.S. Quick Lube Equipment Market Size By Equipment (Catwalk Systems, Dispensing Consoles, Pit Covers & Safety Nets, Foot Stools, Computer Console, Oil Filter Racks, Others), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), COVID-19 Impact Analysis, Regional Outlook, End-use Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, U.S quick lube equipment market size is expected to expand considerably over the forecast timeframe 2021-2027.
 

Increasing product demand in rapidly developing automotive, manufacturing, and electronics industries will primarily drive the growth of quick lube equipment market in the U.S. Further, growing consumer disposable income, and escalating demand for personal automobiles and consumer electronics are expected to enhance the market outlook in the coming years.
 

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Elaborating on Covid-19 impact, the industry faced a decline in revenue as the automotive sector came to a standstill. Successful vaccination campaigns have enabled local governments to ease stay-at-home guidelines which will subsequently bring vehicle usage slowly to pre-covid level, eventually boosting demand for quick lube equipment, oil, and filters.
 

Furthermore, several key industry players in the U.S. are actively undertaking strategies such as product launches, acquisitions, and collaborations to elevate their position. For instance, Valvoline Inc., announced the purchase of 27 fast lube facilities in December 2020, allowing the company to expand its supply chain network across U.S.
 

Based on equipment, U.S. quick lube equipment market is fragmented into foot stools, pit covers and safety netting, dispensing consoles, oil filter rack/air filter rack, computer consoles, catwalk systems, and others.
 

Among the above-mentioned categories, computer console equipment sub-market is anticipated to grow at a steady CAGR of around 4.8% over the forthcoming years. Meanwhile, others sub-segment accounts for a sizeable revenue share and will likely reach a valuation of over USD 5 million by the end of 2027, with a CAGR of over 3.7% throughout.
 

Considering the competitive landscape, Devon Industries, SVI International, Inc., AB SKF, Graco Inc., Containment Solutions Inc., JohnDow Industries Inc., Modulube Lubrication, C&A Equipment Services Inc., Unilube Systems Ltd., American Lubrication Equipment Corp., and LSI Engineered Products are the major competitors in U.S. quick lube equipment market.