Market Size of Middle East Passenger Vehicles Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 3.51 % |
| Market Concentration | High |
Middle East Passenger Vehicles Lubricants Market Analysis
The Middle East Passenger Vehicles Lubricants Market size is estimated at 928.22 Million Liters in 2024, and is expected to reach 994.49 Million Liters by 2026, growing at a CAGR of 3.51% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oils is leading product type in Middle East region due to high volume requirements and shorter drain intervals as it has high-temperature & high-pressure applications.
- Fastest Segment by Product Type - Transmission Oils : The anticipated rebound in passenger vehicle sales and production in the Middle East beginning in 2021 is expected to improve transmission oil demand in the coming years.
- Largest Country Market - Iran : Iran dominates the Middle East passenger vehicles lubricants market due to its large diesel vehicle fleet and the high average age of vehicles that require 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 improve the automotive industry.
