$1.7bn
$XXX.Xm
7,125
2,931
$XXX.Xm
The Oil Change Services industry in Canada has experienced growth over the five years to 2023. Industry establishments provide motor oil change services for cars, in addition to lubricating car chassis and providing other repair and maintenance services. Typically, demand for oil changes and other vehicle maintenance services is determined by the total number of vehicles on the road. Over the past five years, industry demand has grown with an increasing number of motor vehicle registrations; however, the COVID-19 pandemic and high fuel prices have posed a challenge to many businesses. Overall, industry revenue is forecast to increase at CAGR of 0.8% to $1.7 billion over the five years to 2023, including a 4.0% increase in 2023 alone as demand for industry services remains strong.The world price of crude oil is an indirect demand determinant that affects demand for oil change services. As gasoline prices rise, consumers are expected to travel less. With consumer confidence rising, overall industry performance is likely to recover from the previous year's volatility. As a result, profit is expected to reach 11.1% of revenue in 2023.Over the five years to 2028, revenue is projected to continue trending upward. Consumer confidence is expected to improve, enabling individuals to purchase value-added services, aiding industry revenue. The number of motor vehicle registrations is expected to continue rising, which will likely increase the number of vehicles that require routine maintenance work. Despite these positive trends, any unforeseen regulations regarding carbon emissions may influence industry growth. Stricter fuel economy mandates are leading automakers to manufacture vehicles powered by sources other than internal combustion engines. These vehicles would require maintenance work currently outside the scope of services offered by this industry. Revenue is forecast to increase at a CAGR of 3.2% to $2.0 billion over the five years to 2028.
Industry revenue has grown at a CAGR of 0.8 % over the past five years, to reach an estimated $1.7bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Jiffy Lube International Inc. | 66.9 | N/A | N/A | |
Great Canadian Oil Change | 65.2 | N/A | N/A | |
Lube City Express Oil Change | 12.0 | N/A | N/A |
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Industry revenue is measured across several distinct product and services lines, including Conventional oil change, Synthetic oil change and Other oil change. Conventional oil change is the largest segment of the Oil Change Services in Canada.
Oil changes
Industry operators change motor oil, lubricate automotive vehicle chassis and provide other automotive repair and maintenance services, such as tire rotations and liquid flushes. Unlike operators in the Auto Mechanics industry in Canada (IBISWorld report 81111CA), companies in this industry do not provide mechanical or electrical repair and maintenance. Oil change service operators are also not involved in body, paint, interior or glass repair, nor do they offer car wash services.
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NAICS 811199 - Oil Change Services in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Industry revenue has expanded over the past five years. The pandemic proved a major obstacle, while higher prices reflecting cost increases dampened overall expansion.
Learn about an industry's products and services, markets and trends in international trade.
Consumers across the range of driving ages provide the majority of industry revenue. Businesses in need of maintenance for commercial vehicles are the next largest segment.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Industry operators tend to locate in areas with large populations and high vehicle traffic. Ontario and Quebec have the highest concentration of industry garages.
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.
Businesses compete based on price, reputation and location. Local markets may be dominated by a handful of garages, making it challenging for new entrants to survive.
Learn about the performance of the top companies in the industry.
The two largest players are Jiffy Lube International Inc. and Great Canadian Oil Exchange. These franchises operate numerous locations throughout Canada, giving them higher m...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Oil change businesses regulations are mostly centered around waste disposal. Companies will have to comply with these laws in order to remain in operation.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profitability across the industry is estimated to have remained steady. Earlier disruptions, such as the pandemic, led to a drop in overall activity and performance.
Including values and annual change:
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Key data sources in Canada 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:
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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.
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The market size of the Oil Change Services industry in Canada is $1.7bn in 2024.
There are 2,931 businesses in the Oil Change Services industry in Canada, which has grown at a CAGR of 0.9 % between 2018 and 2023.
The market size of the Oil Change Services industry in Canada has been growing at a CAGR of 0.8 % between 2018 and 2023.
Over the next five years, the Oil Change Services industry in Canada is expected to grow.
The biggest companies operating in the Oil Change Services market in Canada are Jiffy Lube International Inc., Great Canadian Oil Change and Lube City Express Oil Change
Providing automotive emissions testing services and Providing automotive rustproofing and undercoating services are part of the Oil Change Services industry.
The company holding the most market share in Canada is Jiffy Lube International Inc..
The level of competition is high and steady in the Oil Change Services industry in Canada.