Market Size of Middle East Automotive Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 3.20 % |
| Market Concentration | High |
Middle East Automotive Lubricants Market Analysis
The Middle East Automotive Lubricants Market size is estimated at 1.54 Billion Liters in 2024, and is expected to reach 1.64 Billion Liters by 2026, growing at a CAGR of 3.20% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : The Middle East has a large active passenger vehicle parc. As a result, lubricant consumption in this sector accounts for the largest share of the overall lubricant market.
- Fastest Segment by Vehicle Type - Motorcycles : Since 2020, there has been an upsurge in used motorcycle demand in Middle East countries such as Iran, which in turn is likely to drive motorcycle lubricant consumption.
- Largest Country Market - Iran : The high lubricant consumption in Iran can be attributed to the country's vehicle fleet and the increasing average age of vehicles that require significant lubricant usage.
- Fastest Growing Country Market - Turkey : Despite the COVID-19 pandemic, Turkey was the only country in the Middle East to see positive sales figures due to the government's push to support the automotive industry.
