Saudi Arabia Commercial Vehicles Lubricants Market Analysis by Mordor Intelligence
The Saudi Arabia Commercial Vehicles Lubricants Market size is estimated at 189.80 million liters in 2025, and is expected to reach 203.87 million liters by 2030, at a CAGR of 1.44% during the forecast period (2025-2030).
- Largest Segment by Product Type - Engine Oils : In the commercial vehicles segment, engine oils hold the dominating share owing to the high average volume needs of the existing fleet and the presence of older trucks.
- Fastest Segment by Product Type - Transmission Oils : The expected recovery in commercial vehicle (truck and buses) sales in Saudi Arabia from 2021 is likely to drive the demand for transmission oils during the coming years.
Saudi Arabia Commercial Vehicles Lubricants Market Trends and Insights
Largest Segment By Product Type : Engine Oils
- In Saudi Arabia, commercial vehicles (CVs) account for around 48% of lubricants consumption, among all vehicle types. During 2015-2019, lubricant consumption grew at a CAGR of 2.7% in the CV segment. The growth was majorly driven by the growing freight ransportation in the country.
- In 2020, commercial vehicle lubricant consumption declined by 7.3% as COVID-19 affected the freight transportation. The engine oil segment accounted for around 87% share in CV lubricant consumption in 2020. A major decline of 8.95% was observed in the consumption of greases in CV segment during the year.
- During 2021-2026, the transmission oils segment is likely to be the fastest-growing segment with a CAGR of 3.71%. The recovery in production and sales of commercial vehicles is likely to drive the consumption of transmission oils over the next five years
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Competitive Landscape
The Saudi Arabia Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 79.47%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, FUCHS, Petromin Corporation and Royal Dutch Shell PLC (sorted alphabetically).
Saudi Arabia Commercial Vehicles Lubricants Industry Leaders
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BP PLC (Castrol)
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ExxonMobil Corporation
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FUCHS
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Petromin Corporation
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Royal Dutch Shell PLC
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry 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.
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Saudi Arabia Commercial Vehicles Lubricants Market Report Scope
By Product Type
| Engine Oils |
| Greases |
| Hydraulic Fluids |
| Transmission & Gear Oils |
| By Product Type | Engine Oils |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
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Key Questions Answered in the Report
How big is the Saudi Arabia Commercial Vehicles Lubricants Market?
The Saudi Arabia Commercial Vehicles Lubricants Market size is expected to reach 189.80 million Liters in 2025 and grow at a CAGR of 1.44% to reach 203.87 million Liters by 2030.
What is the current Saudi Arabia Commercial Vehicles Lubricants Market size?
In 2025, the Saudi Arabia Commercial Vehicles Lubricants Market size is expected to reach 189.80 million Liters.
Who are the key players in Saudi Arabia Commercial Vehicles Lubricants Market?
BP PLC (Castrol), ExxonMobil Corporation, FUCHS, Petromin Corporation and Royal Dutch Shell PLC are the major companies operating in the Saudi Arabia Commercial Vehicles Lubricants Market.
What years does this Saudi Arabia Commercial Vehicles Lubricants Market cover, and what was the market size in 2024?
In 2024, the Saudi Arabia Commercial Vehicles Lubricants Market size was estimated at 187.07 million Liters. The report covers the Saudi Arabia Commercial Vehicles Lubricants Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Saudi Arabia Commercial Vehicles Lubricants Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Saudi Arabia Commercial Vehicles Lubricants Market Report
Statistics for the 2025 Saudi Arabia Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Commercial Vehicles Lubricants analysis includes a market forecast outlook for 2025 to 2030) and historical overview. Get a sample of this industry analysis as a free report PDF download.
