Iran Automotive Engine Oils Market Size

Statistics for the 2023 & 2024 Iran Automotive Engine Oils market size, created by Mordor Intelligence™ Industry Reports. Iran Automotive Engine Oils size report includes a market forecast to 202 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Iran Automotive Engine Oils Industry

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Iran Automotive Engine Oils Market Summary
Study Period 2015 - 2026
Base Year For Estimation 2020
Forecast Data Period 2024 - 2026
Historical Data Period 2015 - 2019
CAGR (2024 - 2026) 2.22 %
Market Concentration High

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Iran Automotive Engine Oils Market Analysis

The Iran Automotive Engine Oils Market size is estimated at 522.45 Million Liters in 2024, and is expected to reach 545.92 Million Liters by 2026, growing at a CAGR of 2.22% during the forecast period (2024-2026).

  • Largest Segment by Vehicle Type - Passenger Vehicles : The passenger vehicle segment is the largest market for automotive engine oils in Iran due to the large active passenger vehicle parc, sales volumes, and usage activity.
  • Fastest Segment by Vehicle Type - Motorcycles : Following the COVID-19 outbreak, there has been a dramatic increase in used motorcycle sales in Iran, which is likely drive engine oil consumption in the next few years.

Iran Automotive Engine Oils Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026