Iran Automotive Lubricants Market Trends

Statistics for the 2023 & 2024 Iran Automotive Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Iran Automotive Lubricants trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of Iran Automotive Lubricants Industry

This section covers the major market trends shaping the Iran Automotive Lubricants Market according to our research experts:

Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Passenger Vehicles</span>

  • In Iran, passenger vehicles (PV) accounted for the largest share of 58.28% in the total number of on-road vehicles in 2020, followed by motorcycles (MC) and commercial vehicles (CV), with a share of 37.8% and 3.92%, respectively.
  • The PV segment accounted for the highest share of around 67% in total automotive lubricant consumption in 2020, followed by CV (18.2%) and MC (14.5%), respectively. In 2020, COVID-19 outbreak led to notable dip in lubricants consumption, where PV lubricant consumption recorded highest dip of 7.4%, followed by CV (6.8%) and MC (5.8%).
  • The motorcycle segment is projected to be the fastest-growing lubricant consumer, with a CAGR of 3.41% over the period 2021-2026. The growth is expected to be driven by a recovery in low-cost moped sales and increasing penetration of Chinese motorcycle brands in the coming years.
Iran Automotive Lubricants Market : Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Passenger Vehicles</span>

Iran Automotive Lubricants Market Report Snapshots

Iran Automotive Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)