How big is the Saudi Arabia Automotive Lubricants Market?

The Saudi Arabia Automotive Lubricants Market size is expected to reach 399.93 million Liters in 2024 and grow at a CAGR of 2.36% to reach 419.03 million Liters by 2026. Read More

What is the current Saudi Arabia Automotive Lubricants Market size?

In 2024, the Saudi Arabia Automotive Lubricants Market size is expected to reach 399.93 million Liters. Read More

Who are the key players in Saudi Arabia Automotive Lubricants Market?

BP PLC (Castrol), ExxonMobil Corporation, FUCHS, Petromin Corporation and Royal Dutch Shell PLC are the major companies operating in the Saudi Arabia Automotive Lubricants Market. Read More

Which segment has the biggest share in the Saudi Arabia Automotive Lubricants Market?

In the Saudi Arabia Automotive Lubricants Market, the Passenger Vehicles segment accounts for the largest share by vehicle type. Read More

Which is the fastest growing segment in the Saudi Arabia Automotive Lubricants Market?

In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the Saudi Arabia Automotive Lubricants Market. Read More

What years does this Saudi Arabia Automotive Lubricants Market cover, and what was the market size in 2023?

In 2023, the Saudi Arabia Automotive Lubricants Market size was estimated at 390.58 million Liters. The report covers the Saudi Arabia Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Automotive Lubricants Market size for years: 2024, 2025 and 2026. Read More

Saudi Arabia Automotive Lubricants Market Trends

Statistics for the 2023 & 2024 Saudi Arabia Automotive Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Automotive 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 Saudi Arabia Automotive Lubricants Industry

This section covers the major market trends shaping the Saudi Arabia Automotive Lubricants Market according to our research experts:

Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Passenger Vehicles</span>

In Saudi Arabia, passenger vehicles (PV) accounted for the largest share of 71.04% in the total number of on-road vehicles in 2020, followed by commercial vehicles (CV) and motorcycles (MC), with a share of 28.23% and 0.73%, respectively.
The PV segment accounted for the highest share of around 52% in total automotive lubricant consumption in 2020, followed by CV (48%) and MC (0.09%), respectively. In 2020, COVID-19 outbreak led to notable dip in lubricants consumption, where CV lubricant consumption recorded highest dip of 7.3%, followed by PV (6.84%) and MC (5.57%).
The motorcycle segment is projected to be the fastest-growing lubricant consumer, with a CAGR of 3.39% over the period 2021-2026. The growth is expected to be driven by recovery in the sales and average annual distance travelled by motorcycles during the coming years.