Iran Passenger Vehicles Lubricants Market Trends

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

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Team License

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Corporate License

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Market Trends of Iran Passenger Vehicles Lubricants Industry

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 Market

Iran Passenger Vehicles Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026