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

The Middle East Passenger 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: Iran
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: NaN %

Key Players

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Market Overview

The Middle East Passenger Vehicles Lubricants Market stood at 869.16 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 passenger vehicle sales and production in the Middle East beginning in 2021 is expected to improve transmission oil demand in the coming years.
  • Largest Country Market - Iran : Iran dominates the Middle East passenger vehicles lubricants market due to its large diesel vehicle fleet and the high average age of vehicles that require lubricant usage.
  • Fastest Growing Country Market - UAE : Despite the COVID-19 pandemic, Turkey was the only country in the Middle East to see positive sales figures due to the government's push to improve the automotive industry.

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, the lubricant consumption in the Middle East passenger vehicle (PV) sector increased at a CAGR of 2.6%. Engine oil was the dominating lubricant product type in this sector which accounted for a share of nearly 90% in lubricant consumption of this sector in 2020. Engine oil is followed by transmission oils which accounted for 6.97% of the lubricant consumption in 2020.
  • In 2020, post the COVID-19 outbreak, the usage of passenger cars significantly dropped due to the restrictions put in place as a response to the pandemic. As a result, automotive lubricant consumption in this sector fell by nearly 6.9%, in comparison to 2019.
  • The expected recovery in production and sales of new passenger vehicles is likely to drive the lubricant consumption in this sector. As a result, the PV lubricant consumption is likely to grow at a CAGR of 3.38% during 2021-2026.

Largest Country : Iran

  • In the Middle Eastern region, lubricant consumption by passenger vehicles (PV) was the highest in Iran, followed by Saudi Arabia and Turkey. In 2020, Iran accounted for 40.9% of the total PV lubricant consumption in the region, whereas Saudi Arabia and Turkey accounted for 23.5% and 9.6% shares, respectively.
  • The decreased usage of passenger vehicles after the COVID-19 pandemic negatively affected the PV lubricant consumption across the region in 2020. The United Arab Emirates was the most affected, as it witnessed a 12.9% drop in consumption during 2019-2020, followed by Qatar, which witnessed an 8.3% drop.
  • During 2021-2026, Turkey is likely to be the fastest-growing PV lubricant market, as its consumption is likely to register a CAGR of 7.91%, followed by Qatar and Saudi Arabia, which are expected to witness a CAGR of 4.14% and 3%, respectively.

Competitive Landscape

The Middle East Passenger Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 44.68%. The major players in this market are Behran Oil Company, Iranol Oil Company, Petromin Corporation, Royal Dutch Shell Plc and Sepahan Oil Company (sorted alphabetically).

Major Players

*Disclaimer: Major Players are sorted alphabetically

Recent Developments

  • September 2021: Total Turkey Pazarlama and Nissan Turkey signed a new arrangement under which Nissan Turkey will deliver Nissan Genuine Engine Oils to its Turkish clients for the next three years. Nissan Genuine Engine Oils are created with the help of TotalEnergies' lubricant expertise.
  • July 2021: Taajeer Group and APSCO agreed to work together on a long-term strategic relationship to deliver engine oil change services for MG automobiles at "Mobil Service" locations across the Kingdom.
  • July 2021: APSCO and Haval & GWM forged a long-term strategic cooperation to deliver engine oil change services for Haval & GWM cars across the Kingdom through "Mobil Service" outlets.

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 ADNOC

      2. 5.3.2 Behran Oil Company

      3. 5.3.3 BP PLC (Castrol)

      4. 5.3.4 ExxonMobil Corporation

      5. 5.3.5 FUCHS

      6. 5.3.6 Iranol Oil Company

      7. 5.3.7 Pars Oil Company

      8. 5.3.8 Petromin Corporation

      9. 5.3.9 Royal Dutch Shell Plc

      10. 5.3.10 Sepahan Oil Company

      11. 5.3.11 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:  

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

    Figure 2:  

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

    Figure 3:  

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

    Figure 4:  

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

    Figure 5:  

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

    Figure 6:  

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

    Figure 7:  

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

    Figure 8:  

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

    Figure 9:  

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

    Figure 10:  

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

    Figure 11:  

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

    Figure 12:  

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

    Figure 13:  

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

    Figure 14:  

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

    Figure 15:  

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

    Figure 16:  

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

    Figure 17:  

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

    Figure 18:  

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

    Figure 19:  

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

    Figure 20:  

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

    Figure 21:  

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

    Figure 22:  

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

    Figure 23:  

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

    Figure 24:  

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

    Figure 25:  

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

    Figure 26:  

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

    Figure 27:  

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

    Figure 28:  

    MIDDLE EAST PASSENGER 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 Passenger Vehicles Lubricants Market market is studied from 2015 - 2027.

The Middle East Passenger Vehicles Lubricants Market stood at 869.16 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 passenger vehicle sales and production in the Middle East beginning in 2021 is expected to improve transmission oil demand in the coming years.

Iran dominates the Middle East passenger vehicles lubricants market due to its large diesel vehicle fleet and the high average age of vehicles that require lubricant usage.

Despite the COVID-19 pandemic, Turkey was the only country in the Middle East to see positive sales figures due to the government's push to improve the automotive industry.

Behran Oil Company,Iranol Oil Company,Petromin Corporation,Royal Dutch Shell Plc and Sepahan Oil Company. are the major companies operating in Middle East Passenger Vehicles Lubricants Market.