How big is the Saudi Arabia Passenger Vehicles Lubricants Market?

The Saudi Arabia Passenger Vehicles Lubricants Market size is expected to reach 212.44 million Liters in 2024 and grow at a CAGR of 3.16% to reach 226.08 million Liters by 2026. Read More

What is the current Saudi Arabia Passenger Vehicles Lubricants Market size?

In 2024, the Saudi Arabia Passenger Vehicles Lubricants Market size is expected to reach 212.44 million Liters. Read More

Who are the key players in Saudi Arabia Passenger Vehicles Lubricants Market?

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

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

In the Saudi Arabia Passenger 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 Saudi Arabia Passenger Vehicles Lubricants Market?

In 2024, the Transmission Oils segment accounts for the fastest growing by product type in the Saudi Arabia Passenger Vehicles Lubricants Market. Read More

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

In 2023, the Saudi Arabia Passenger Vehicles Lubricants Market size was estimated at 206.18 million Liters. The report covers the Saudi Arabia Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

Saudi Arabia Passenger Vehicles Lubricants Market Trends

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

This section covers the major market trends shaping the Saudi Arabia 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 Saudi Arabia, passenger vehicles (PVs) is the second-largest vehicle type in terms of automotive lubricant consumption. During 2015-2019, the PV lubricant consumption grew at a CAGR of 2.8%, primarily owing to the surge in the high-powered engine car popualtion in the country.
In 2020, PVs accounted for about 52% 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 89% during the year. During 2020, PV lubricants consumption declined by 6.8% due to the lower usage of the vehicle fleet post COVID-19 outbreak.
During the next five years, the transmission oils segment is likely to be the fastest-growing segment with a CAGR of 4.94%. This growth is likely to be driven by rise in sales of passenger cars and recovery in average distance travelled in the country.