Qatar Passenger Vehicles Lubricants Market Trends

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

This section covers the major market trends shaping the Qatar 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>

  • In Qatar, passenger vehicles (PVs) is the second-largest vehicle type in terms of automotive lubricant consumption. During 2015-2019, the PV lubricant consumption grew with a CAGR of 4.18% primarily owing to the surge in the car popualtion of the country.
  • In 2020, PVs accounted for about 39.62% 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 around 76% during the year. During 2020, PV lubricants consumption declined by 8.33% due to the lower usage of the vehicle fleet post COVID-19 outbreak.
  • During 2021-2026, the grease segment is likely to be the fastest-growing lubricant type at a CAGR of 5.49%. This growth is likely to be driven by rise in sales of passenger cars and recovery in average distance travelled in the country.
Qatar Passenger Vehicles Lubricants Market : Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>

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