How big is the Qatar Commercial Vehicles Lubricants Market?

The Qatar Commercial Vehicles Lubricants Market size is expected to reach 18.76 million Liters in 2024 and grow at a CAGR of 2.03% to reach 19.53 million Liters by 2026. Read More

What is the current Qatar Commercial Vehicles Lubricants Market size?

In 2024, the Qatar Commercial Vehicles Lubricants Market size is expected to reach 18.76 million Liters. Read More

Who are the key players in Qatar Commercial Vehicles Lubricants Market?

ExxonMobil Corporation, Qatar Lubricants Company (QALCO), Royal Dutch Shell PLC, TotalEnergies and Valvoline Inc. are the major companies operating in the Qatar Commercial Vehicles Lubricants Market. Read More

Which segment has the biggest share in the Qatar Commercial Vehicles Lubricants Market?

In the Qatar Commercial 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 Qatar Commercial Vehicles Lubricants Market?

In 2024, the Greases segment accounts for the fastest growing by product type in the Qatar Commercial Vehicles Lubricants Market. Read More

What years does this Qatar Commercial Vehicles Lubricants Market cover, and what was the market size in 2023?

In 2023, the Qatar Commercial Vehicles Lubricants Market size was estimated at 18.42 million Liters. The report covers the Qatar Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Qatar Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

Qatar Commercial Vehicles Lubricants Market Trends

Statistics for the 2023 & 2024 Qatar Commercial Vehicles Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Qatar Commercial 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 Qatar Commercial Vehicles Lubricants Industry

This section covers the major market trends shaping the Qatar Commercial Vehicles Lubricants Market according to our research experts:

Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>

In Qatar, commercial vehicles (CVs) forms the second-largest vehicle type in terms of automotive lubricant consumption. During 2015-2019, lubricant consumption in the CV sector has been fluctuating. This can be attributed to the growing vehicle fleet along with expanding service intervals for engine oils and transmission oils.
The commercial vehicle lubricant consumption declined by almost 8.3% as COVID-19 affected the freight transportation in 2020. The engine oil segment accounted for around 78% share in CV lubricant consumption in 2020. A major decline of 9.5% was observed in the consumption of greases in CV segment during the year.
The grease segment is likely to be the fastest-growing segment with a CAGR of 5.19% during 2021-2026. The recovery in production and sales of commercial vehicles is likely to drive the consumption of greases in the short term.