Iran Passenger Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 2.30 % |
| Market Concentration | High |
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Iran Passenger Vehicles Lubricants Market Analysis
The Iran Passenger Vehicles Lubricants Market size is estimated at 374.17 Million Liters in 2024, and is expected to reach 391.56 Million Liters by 2026, growing at a CAGR of 2.30% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and shorter drain intervals, as it is used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : In Iran, the predicted rebound in passenger vehicle imports and sales beginning in 2021 is expected to increase grease consumption at a healthy rate in near future.
Iran Passenger Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Iran 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>
- Passenger vehicles (PVs) is the largest segment in terms of automotive lubricant consumption in Iran. During 2015-2019, the PV lubricant consumption grew at a CAGR of 3.06% primarily owing to the surge in the car popualtion of the country.
- In 2020, PVs accounted for about 67% 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 over 94% during the year. During 2020, PV lubricants consumption declined by 7.4% due to the lower usage of the vehicle fleet post COVID-19 outbreak.
- During 2021-2026, the greases segment is projected grow at a steady rate exhibiting a CAGR of 2.47%. This growth is likely to be driven by rise in sales of passenger cars (both new and used), and recovery in average distance travelled in the country.
Iran Passenger Vehicles Lubricants Industry Overview
The Iran Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 84.18%. The major players in this market are Behran Oil Company, Iranol Oil Company, Pardis Engine Oil Company, Pars Oil Company and Sepahan Oil Company (sorted alphabetically).
Iran Passenger Vehicles Lubricants Market Leaders
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Behran Oil Company
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Iranol Oil Company
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Pardis Engine Oil Company
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Pars Oil Company
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Sepahan Oil Company
*Disclaimer: Major Players sorted in no particular order
Iran Passenger Vehicles Lubricants Market News
- January 2021: All of Iranol's products would be available on the Iran Mercantile Exchange and Iran Energy Exchange, resulting in greater financial transparency for the company and a significant contribution to the country's financial stability.
Iran Passenger Vehicles Lubricants Market Report - Table of Contents
1. Executive Summary & Key Findings
2. Introduction
- 2.1 Study Assumptions & Market Definition
- 2.2 Scope of the Study
- 2.3 Research Methodology
3. Key Industry Trends
- 3.1 Automotive Industry Trends
- 3.2 Regulatory Framework
- 3.3 Value Chain & Distribution Channel Analysis
4. Market Segmentation
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4.1 By Product Type
- 4.1.1 Engine Oils
- 4.1.2 Greases
- 4.1.3 Hydraulic Fluids
- 4.1.4 Transmission & Gear Oils
5. Competitive Landscape
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
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5.3 Company Profiles
- 5.3.1 Addinol
- 5.3.2 AZAR RAVAN SAZ (Petronol)
- 5.3.3 Behran Oil Company
- 5.3.4 Ghatran Kaveh Motor Oil Co.
- 5.3.5 Iranol Oil Company
- 5.3.6 LIQUI MOLY
- 5.3.7 Pardis Engine Oil Company
- 5.3.8 Pars Oil Company
- 5.3.9 Sepahan Oil Company
- 5.3.10 Zarrin Oil
- *List Not Exhaustive
6. Appendix
- 6.1 Appendix-1 References
- 6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Iran Passenger Vehicles Lubricants Industry Segmentation
| By Product Type | Engine Oils |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Iran Passenger Vehicles Lubricants Market Research FAQs
How big is the Iran Passenger Vehicles Lubricants Market?
The Iran Passenger Vehicles Lubricants Market size is expected to reach 374.17 million Liters in 2024 and grow at a CAGR of 2.30% to reach 391.56 million Liters by 2026.
What is the current Iran Passenger Vehicles Lubricants Market size?
In 2024, the Iran Passenger Vehicles Lubricants Market size is expected to reach 374.17 million Liters.
Who are the key players in Iran Passenger Vehicles Lubricants Market?
Behran Oil Company, Iranol Oil Company, Pardis Engine Oil Company, Pars Oil Company and Sepahan Oil Company are the major companies operating in the Iran Passenger Vehicles Lubricants Market.
Which segment has the biggest share in the Iran Passenger Vehicles Lubricants Market?
In the Iran Passenger Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Iran Passenger Vehicles Lubricants Market?
In 2024, the Transmission & Gear Oils segment accounts for the fastest growing by product type in the Iran Passenger Vehicles Lubricants Market.
What years does this Iran Passenger Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Iran Passenger Vehicles Lubricants Market size was estimated at 364.94 million Liters. The report covers the Iran Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Iran Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Iran Passenger Vehicles Lubricants Industry Report
Statistics for the 2024 Iran Passenger Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Iran Passenger Vehicles Lubricants analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
