Market Trends of Qatar Automotive Lubricants Industry
This section covers the major market trends shaping the Qatar Automotive Lubricants Market according to our research experts:
Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Commercial Vehicles</span>
- In Qatar, passenger vehicles (PV) accounted for the largest share of 69.78% in the total number of on-road vehicles in 2020, followed by commercial vehicles (CV) and motorcycles (MC), with a share of 28.35% and 1.87%, respectively.
- The CV segment accounted for the highest share of around 60% in the total automotive lubricant consumption in 2020, followed by PV (39.62%) and MC (0.08%), respectively. In 2020, COVID-19 outbreak led to notable dip in lubricants consumption, where CV lubricant consumption recorded highest dip of 8.33%, followed by PV (7.67%). Conversely, the motorcycle lubricants segment witnessed a growth of almost 5% in 2020.
- The motorcycle segment is projected to be the fastest-growing lubricant consumer, exhibiting a CAGR of 9.44% over the period 2021-2026. The growth is expected to be driven by the growing demand for high-end sports bikes and imported used bikes.
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