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. Read More

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. Read More

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. Read More

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. Read More

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. Read More

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. Read More

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.

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.