Fuel and Lube Trucks Market Size, Share and Trends 2025 to 2034

Fuel and Lube Trucks Market Size and Forecast 2025 to 2034

The global fuel and lube trucks market size was estimated at USD 1.89 billion in 2024 and is predicted to increase from USD 1.99 billion in 2025 to approximately USD 3.17 billion by 2034, expanding at a CAGR of 5.32% from 2025 to 2034. The rising demand for fuel and lube trucks from the different end-use industries is the key factor driving market growth. Also, the ongoing expansion of construction and mining industries coupled with the technological advancements in truck design can fuel market growth further.

Fuel and Lube Trucks Market Key Takeaways

• North America dominated the global fuel and lube trucks market with the largest market share of 42% in 2024.
• Asia Pacific is expected to show the fastest growth in the market over the studied period.
• By truck type, the fuel tank trucks segment contributed the biggest market share of 56% in 2024.
• By truck type, the combination trucks segment is expected to show the fastest growth over the forecast period.
• By capacity, the 15,000 to 25,000 kg segment led the global market in 2024.
• By capacity, the above 25,000 kg segment is expected to grow at the fastest rate over the forecast period.
• By application, the construction and infrastructure development segment held the largest market share in 2024.
• By application, the mining and natural resources extraction segment is estimated to witness the fastest growth during the projected period.

Role of Artificial Intelligence (AI) in the Lubrication Industry

Artificial Intelligence algorithms can predict when the machine may require maintenance or new lubricants. Hence, AI can decrease downtime, lengthen equipment life, and optimize lubricant usage in the fuel and lube trucks market. Furthermore, AI can streamline the whole supply chain for lubricants, forecasting fluctuations in demand and optimizing delivery routes. This can help to ensure the availability of the right lubricant at the right time.

• In January 2023, a Swedish tech company launched a wireless condition-based lubrication system monitored via an App with AI-based decision support. This system represents a significant technological breakthrough in proactive maintenance, and international interest has been high. Agreements with distributors in several European countries have already been signed.

U.S. Fuel and Lube Trucks Market Size and Growth 2025 to 2034

The U.S. fuel and lube trucks market size was exhibited at USD 600 million in 2024 and is projected to be worth around USD 1.02 billion by 2034, growing at a CAGR of 5.44% from 2025 to 2034.

North America dominated the global fuel and lube trucks market in 2024. The dominance of the region can be attributed to the ongoing infrastructure development and increase in demand from logistics companies and industries like mining, transportation, construction, and energy, which need constant fuel and lubrication support. In North America, the U.S. led the market owing to the growing adoption of innovative technologies such as real-time monitoring, automated dispensing systems, etc.

Asia Pacific is expected to show the fastest growth in the fuel and lube trucks market over the studied period. The growth of the region can be linked to the rapid urbanization and industrialization in developing economies such as China and India. Moreover, the region's strong manufacturing base and heavy investments in building projects can influence market growth positively. In Asia Pacific, Japan is anticipated to grow at a moderate rate due to technological innovations in automation and equipment management.

Market Overview

Fuel and lube trucks are mobile units created to offer fuelling services and on-site lubrication for heavy equipment and machinery. The applications of the fuel and lube trucks market are important in industries like mining, construction, and agriculture. Where equipment requires proper maintenance and fuelling to perform effectively, this truck helps to reduce downtime, lessen transportation costs, and improve operational efficiency by providing key services to the job site directly.

Fuel and Lube Trucks Market Growth Factors

• Increasing awareness regarding climate change is expected to boost fuel and lube trucks market growth soon.
• Stringent environmental regulations prompt key players to innovate their products, which can further propel market growth.
• Increasing investments in research and development to produce advanced solutions will likely contribute to the market expansion over the forecast period.

Market Scope

Market Dynamics

Drivers

Increasing demand for sophisticated delivery systems

The fuel and lube trucks market is witnessing an increase in demand for sophisticated delivery systems due to the increasing need for lubricants in different sectors like industrial machinery, automotive, and construction. Because vehicles and equipment require proper lubrication to ensure their longevity and optimal operation. In addition, this need is further fuelled by increasing emphasis on preventive maintenance strategies, where timely lubrication is needed.

• In April 2024, Premier Truck Rental (PTR), a leading provider of custom work truck and trailer rentals, announced the addition of cutting-edge Fuel Lube and mini-Lube trucks to its fleet. This strategic investment further emphasizes the company's commitment to adapting to customers' needs, delivering superior service, and prioritizing efficiency for rental customers.

Restraint

Complexity with regulatory compliance

The complexity between market and regulatory complaints is the major factor hampering the fuel and lube truck market. Laws governing vehicle safety, like those associated with braking systems, driver training, and stability control, require manufacturers to invest heavily in innovative safety features. Moreover, all this can lead to increased overall manufacturing costs, which can carry on to the consumers in the form of elevated prices.

Opportunity

Surge in the automotive and industrial sector

The rapid growth in the automotive and industrial sectors is a significant factor creating opportunities for the fuel and lube trucks market. There is a constant rise in the demand for lubricants from the automotive industry to ensure their proper maintenance and functioning. Furthermore, the ongoing expansion of the vehicle industry is escalating due to urbanization, increasing consumer demand, and launches of innovative vehicles to create scenarios for lube truck application as a practical option.

• In November 2024, Stellar Industries announced the acquisition of Elliott Machine Works, Inc., a well-respected, family-owned manufacturing company based in Galion, Ohio. This strategic investment is aimed at enhancing Stellar's growth, expanding its product offerings, and providing greater opportunities for Stellar distributors, customers, and employee-owners.

Truck Type Insights

The fuel tank trucks segment led the global fuel and lube trucks market in 2024. The dominance of the segment can be attributed to the increasing use of fuel tanks in a diverse range of industries such as mining, construction, agriculture, transportation, and oil and gas. Additionally, these end-use industries need on-site refueling solutions for vehicles, heavy machinery, and equipment that work in remote locations where conventional fuel stations are unavailable.

The combination trucks segment is expected to show the fastest growth over the forecast period. The growth of the segment can be credited to the operational flexibility and cost-efficiency provided by these trucks to businesses that require both maintenance and fuelling services. Also, the dual functionality of these trucks enables operators to decrease operational costs and fleet size and enhance service delivery.

• In October 2024, China's BYD launched its first pickup truck in Brazil, the Shark, to challenge the top-selling Toyota Hilux and the Ford Ranger. The Shark will play a significant role in BYD's ambitions to become a top-selling automaker over the next few years. BYD sees Brazil as a critical piece to its overseas expansion as it looks to continue climbing the global sales charts.

Capacity Insights

The 15,000 to 25,000 kg segment led the global fuel and lube trucks market in 2024. The dominance of the segment can be linked to the provision of sufficient weight capacity by this segment to carry enough fuel and lubricants for big operations. Trucks between this weight range give a balance between maneuverability and capacity to make them convenient for an extensive range of industries. These capacity trucks are widely used in logistics, agriculture, and construction.

The above 25,000 kg segment is expected to grow at the fastest rate over the forecast period. The growth of the segment can be driven by increasing utilization of this capacity truck for mining and oil extraction purposes, which are mostly situated in outer areas. Moreover, these trucks provide the capacity to deliver huge volumes of fuel and lubricants without needing frequent refueling.

Application Insights

In 2024, the construction and infrastructure development segment held the largest fuel and lube trucks market share. The dominance of the segment is due to the ongoing surge of megaprojects like airports, highways, and industrial facilities. This sector requires an extensive range of heavy machinery, including bulldozers, excavators, cranes, and earth movers. Furthermore, fuel and lube trucks are important for on-site maintenance and fuelling to ensure the infrastructure and construction projects are functioning properly.

The mining and natural resources extraction segment is estimated to witness the fastest growth during the projected period. The growth of the segment is because of the increasing global need for natural resources such as minerals, metals, and fossil fuels. Moreover, technological developments in mining operations, which require more fuel-sufficient equipment with larger capacity, can impact segment growth positively.

• In April 2024, Sany India, a construction and mining equipment manufacturer, introduced the SKT105E Electric Dump Truck, the first fully electric open-cast mining truck. Designed to meet the rigorous demands of open-cast mining operations, this indigenous off-highway dump truck features a new edition of innovation in construction and mining equipment manufacturing.

Fuel and Lube Trucks Market Companies

• McLellan Industries, Inc.
• Niece Equipment, LP
• Panda Mechanical Equipment Co., Ltd.
• Engineered Transportation International
• Ground Force Worldwide
• Thunder Creek Equipment (LDJ Manufacturing Inc.)
• Tankmart International Inc.
• Platinum Tank Group
• Tremcar
• Stellar

Latest Announcement by Market Leaders

• In June 2024, Castrol, a global leader in lubricants and part of the oil giant BP, announced an investment of up to USD 50 million in Gogoro, a global technology leader in battery-swapping ecosystems. The first tranche of the investment will see Castrol invest USD 25 million to receive 5.72% of Gogoro's outstanding ordinary shares, followed by an anticipated second USD 25 million investment in the form of a convertible note.
• In November 2024, ExxonMobil announced expansion plans and joint venture investments in Texas, while PureCycle's new sorting facility aims to help with ongoing financial woes. Alterra will license its technology.ExxonMobil says it is "continuing to develop additional advanced recycling projects" at other manufacturing sites in North America.

Recent Developments

• In January 2024, Hermann Paus Maschinenfabrik GmbH (PAUS) and ELQUIP signed a Memorandum of Understanding to mutually evaluate and prepare a dealership for the Australian market and serve customers with specialized PAUS mobile equipment for the mining and tunneling market as well as with services and parts.
• In August 2024, Thunder Creek Equipment launched a new model of its fuel and service trailer (FST) series, designed for high-capacity fuel and DEF storage. This latest addition features a 990-gallon diesel tank and a 330-gallon diesel exhaust fluid (DEF) tank, specifically tailored to meet the needs of large-acreage farming operations and custom harvesters.

Segments Covered in the Report

By Truck Type

• Fuel Tank Trucks
• Lube Service Trucks
• Combination Trucks

By Capacity  

• Below 10,000 kg
• 10,000 to 15,000 kg
• 15,000 to 25,000 kg
• Above 25,000 kg

By Application

• Transportation and Logistics
• Construction and Infrastructure Development
• Mining and Natural Resources Extraction
• Agriculture and Farming Operations
• Others

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa