Market Trends of Qatar Passenger Vehicles Lubricants Industry
This section covers the major market trends shaping the Qatar Passenger Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>
- In Qatar, passenger vehicles (PVs) is the second-largest vehicle type in terms of automotive lubricant consumption. During 2015-2019, the PV lubricant consumption grew with a CAGR of 4.18% primarily owing to the surge in the car popualtion of the country.
- In 2020, PVs accounted for about 39.62% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in the PV lubricant consumption, with a share of around 76% during the year. During 2020, PV lubricants consumption declined by 8.33% due to the lower usage of the vehicle fleet post COVID-19 outbreak.
- During 2021-2026, the grease segment is likely to be the fastest-growing lubricant type at a CAGR of 5.49%. This growth is likely to be driven by rise in sales of passenger cars and recovery in average distance travelled in the country.
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