Middle East Commercial Vehicles Lubricants Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2027

The Middle East Commercial Vehicles Lubricants Market is segmented by Product Type ( Engine Oils, Greases, Hydraulic Fluids, Transmission & Gear Oils ) and by Country ( Iran, Qatar, Saudi Arabia, Turkey, UAE )

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Market Snapshot

https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2015 - 2027
https://s3.mordorlabs.com/base%20year/1629296433432_test~base_year_base_year.svg Base Year: 2021
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Product Type: Engine Oils
https://s3.mordorlabs.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country: Saudi Arabia
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: NaN %

Key Players

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Market Overview

The Middle East Commercial Vehicles Lubricants Market stood at 488.76 million liters in 2022 and is projected to register a CAGR of NaN% to reach NaN liters in 2027.

  • Largest Segment by Product Type - Engine Oils : Engine oils is leading product type in Middle East region due to high volume requirements and shorter drain intervals as it has high-temperature & high-pressure applications.
  • Fastest Segment by Product Type - Transmission Oils : The anticipated rebound in motor vehicle production and sales beginning in 2021 is likely to enhance grease consumption during the next few years in the Middle East.
  • Largest Country Market - Saudi Arabia : Saudi Arabia is the largest commercial vehicles lubricants market in Middle East due to its enormous population of commercial trucks, as well as high average engine oil volumes.
  • Fastest Growing Country Market - UAE : Rise in business activities, continued growth in 2020 due to government support and rise in sales of light commercial trucks are projected to support market demand in Turkey.

Scope of the Report

By Product Type
Engine Oils
Greases
Hydraulic Fluids
Transmission & Gear Oils
By Country
Iran
Qatar
Saudi Arabia
Turkey
UAE
Rest of Middle East

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Key Market Trends

Largest Segment By Product Type : Engine Oils

  • During 2015-2019, lubricant consumption in the Middle East commercial vehicle sector increased at a CAGR of 1%. Engine oil was the dominating lubricant product type in this sector which accounted for a share of 82.3% in lubricant consumption of this sector in 2020. Engine oil is followed by transmission oils which accounted for 7.2% of the lubricant consumption in 2020.
  • Owing to the COVID-19 outbreak in 2020, the freight transportation significantly dropped due to the lockdowns put in place as a response to the pandemic. Hence, the lubricant consumption in this sector fell by over 6% in comparison to 2019.
  • The projected boom in logistic requirements and recovery in sales of new commercial vehicles are likely to drive the lubricant consumption in this sector. Hence, the commercial vehicle lubricant consumption is likely to grow at a CAGR of 2.85% during 2021-2026.

Largest Country : Saudi Arabia

  • In the Middle Eastern region, the consumption volume of commercial vehicle (CV) lubricants is the highest in Saudi Arabia, followed by Turkey and Iran. In 2020, Saudi Arabia accounted for 38.05% of the total consumption of CV lubricants in the region, whereas Turkey and Iran accounted for 22.96% and 19.59%, respectively.
  • The restrictions imposed on business and transportation activities after the COVID-19 outbreak negatively affected the CV lubricant consumption across the region in 2020. The UAE was the most affected as it witnessed an 11.11% drop in consumption during 2019-2020, followed by Qatar, which witnessed a 7.67% drop.
  • During 2021-2026, Turkey is likely to be the fastest-growing CV lubricant market as the consumption is likely to grow, recording a CAGR of 4.98%, followed by the UAE and Iran, which are expected to record a CAGR of 3.88% and 2.43%, respectively.

Competitive Landscape

The Middle East Commercial Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 52.21%. The major players in this market are Behran Oil Company, BP PLC (Castrol), Petromin Corporation, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).

Major Players

*Disclaimer: Major Players are sorted alphabetically

Recent Developments

  • January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines – ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
  • March 2021: Castrol announced the launch of Castrol ON (a Castrol e-fluid range that includes e-gear oils, e-coolants, and e-greases) to its product portfolio. This range is specially designed for electric vehicles.
  • March 2021: Hyundai Motor Company and Royal Dutch Shell PLC announced a five-year global business cooperation agreement, with a new focus on clean energy and carbon reduction, to help Hyundai continue its transformation as a Smart Mobility Solution Provider.

Table of Contents

  1. 1. Executive Summary & Key Findings

  2. 2. Introduction

    1. 2.1 Study Assumptions & Market Definition

    2. 2.2 Scope of the Study​

    3. 2.3 Research Methodology

  3. 3. Key Industry Trends

    1. 3.1 Automotive Industry Trends

    2. 3.2 Regulatory Framework

    3. 3.3 Value Chain & Distribution Channel Analysis

  4. 4. Market Segmentation

    1. 4.1 By Product Type

      1. 4.1.1 Engine Oils

      2. 4.1.2 Greases

      3. 4.1.3 Hydraulic Fluids

      4. 4.1.4 Transmission & Gear Oils

    2. 4.2 By Country

      1. 4.2.1 Iran

      2. 4.2.2 Qatar

      3. 4.2.3 Saudi Arabia

      4. 4.2.4 Turkey

      5. 4.2.5 UAE

      6. 4.2.6 Rest of Middle East

  5. 5. Competitive Landscape

    1. 5.1 Key Strategic Moves

    2. 5.2 Market Share Analysis

    3. 5.3 Company Profiles

      1. 5.3.1 Behran Oil Company

      2. 5.3.2 BP PLC (Castrol)

      3. 5.3.3 ExxonMobil Corporation

      4. 5.3.4 FUCHS

      5. 5.3.5 Iranol Oil Company

      6. 5.3.6 Petrol Ofisi

      7. 5.3.7 Petromin Corporation

      8. 5.3.8 Royal Dutch Shell Plc

      9. 5.3.9 Sepahan Oil Company

      10. 5.3.10 TotalEnergies

  6. 6. Appendix

    1. 6.1 Appendix-1 References

    2. 6.2 Appendix-2 List of Tables & Figures

  7. 7. Key Strategic Questions for Lubricants CEOs

List of Tables & Figures

    Figure 1:  

    COMMERCIAL VEHICLES POPULATION, NUMBER OF UNITS, MIDDLE EAST, 2015 - 2026

    Figure 2:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, BY PRODUCT TYPE, 2015-2026

    Figure 3:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 4:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, ENGINE OILS, 2015-2026

    Figure 5:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, ENGINE OILS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

    Figure 6:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, GREASES, 2015-2026

    Figure 7:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, GREASES, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

    Figure 8:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, HYDRAULIC FLUIDS, 2015-2026

    Figure 9:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, HYDRAULIC FLUIDS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

    Figure 10:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, TRANSMISSION & GEAR OILS, 2015-2026

    Figure 11:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, TRANSMISSION & GEAR OILS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

    Figure 12:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, BY COUNTRY, 2015-2026

    Figure 13:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME SHARE (%), BY COUNTRY, 2020

    Figure 14:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, IRAN, 2015-2026

    Figure 15:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, IRAN, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 16:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, QATAR, 2015-2026

    Figure 17:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, QATAR, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 18:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, SAUDI ARABIA, 2015-2026

    Figure 19:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, SAUDI ARABIA, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 20:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, TURKEY, 2015-2026

    Figure 21:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, TURKEY, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 22:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, UAE, 2015-2026

    Figure 23:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, UAE, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 24:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, VOLUME IN LITERS, REST OF MIDDLE EAST, 2015-2026

    Figure 25:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, REST OF MIDDLE EAST, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 26:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

    Figure 27:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

    Figure 28:  

    MIDDLE EAST COMMERCIAL VEHICLES LUBRICANTS MARKET SHARE(%), BY MAJOR PLAYERS, 2020

Market Definition

  • Vehicle Types - Passenger Vehicles, Commercial Vehicles and Motorcycles are the vehicle types considered under the automotive lubricants market.
  • Product Types - For the purpose of this study, lubricant products such as engine oils, transmission oils, greases and hydraulic fluids are taken into consideration.
  • Service Refill - Service refill is the primary factor considered while accounting the lubricant consumption for each of the vehicle segments, under the study.
  • Factory Fill - First lubricant fill-ups for newly produced vehicles are considered.

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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

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Frequently Asked Questions

The Middle East Commercial Vehicles Lubricants Market market is studied from 2015 - 2027.

The Middle East Commercial Vehicles Lubricants Market stood at 488.76 million liters in 2022 and is projected to register a CAGR of NaN% to reach NaN liters in 2027.

Engine oils is leading product type in Middle East region due to high volume requirements and shorter drain intervals as it has high-temperature & high-pressure applications.

The anticipated rebound in motor vehicle production and sales beginning in 2021 is likely to enhance grease consumption during the next few years in the Middle East.

Saudi Arabia is the largest commercial vehicles lubricants market in Middle East due to its enormous population of commercial trucks, as well as high average engine oil volumes.

Rise in business activities, continued growth in 2020 due to government support and rise in sales of light commercial trucks are projected to support market demand in Turkey.

Behran Oil Company,BP PLC (Castrol),Petromin Corporation,Royal Dutch Shell Plc and TotalEnergies. are the major companies operating in Middle East Commercial Vehicles Lubricants Market.