Turkey Automotive Engine Oils Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 6.36 % |
| Market Concentration | High |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Turkey Automotive Engine Oils Market Analysis
The Turkey Automotive Engine Oils Market size is estimated at 167.38 Million Liters in 2024, and is expected to reach 189.35 Million Liters by 2026, growing at a CAGR of 6.36% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Commercial Vehicles : The high average engine oil capacity of heavy-duty trucks and buses resulted in the commercial vehicle (CV) sector consuming the highes engine oil volumes in Turkey.
- Fastest Segment by Vehicle Type - Passenger Vehicles : The recovery in car production and sales in Turkey is predicted to be faster starting in 2021, increasing the growth rate of engine oil consumption in the near future.
Turkey Automotive Engine Oils Market Trends
This section covers the major market trends shaping the Turkey Automotive Engine Oils Market according to our research experts:
Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Commercial Vehicles</span>
- Engine oils accounted for about 70% of the overall automotive lubricants consumed in Turkey, in 2020. Between 2015 and 2019, engine oil consumption declined by around 6%. The declined industrial activity and freight transportation was the major factor behind this drop.
- In 2020, the COVID-19 outbreak led to a massive decline in the usage rate of the existing vehicle fleets in the country, which led to 6.1% dip in engine oil consumption. Commercial Vehicle (CV) segment recorded the largest decline of 7% in engine oil consumption during the year.
- During 2021-2026, the passenger vehicles segment is expected to register the highest growth of about 7.86% in the engine oil consumption, followed by motorcycles segment (6.7%). The growth is likely to be driven by increasing demand for cars in the country over the next five years.
Turkey Automotive Engine Oils Industry Overview
The Turkey Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 87.48%. The major players in this market are BP PLC (Castrol), FUCHS, Petrol Ofisi, Royal Dutch Shell PLC and TotalEnergies (sorted alphabetically).
Turkey Automotive Engine Oils Market Leaders
-
BP PLC (Castrol)
-
FUCHS
-
Petrol Ofisi
-
Royal Dutch Shell PLC
-
TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Turkey Automotive Engine Oils Market News
- September 2021: Total Turkey Pazarlama and Nissan Turkey signed a new arrangement under which Nissan Turkey will deliver Nissan Genuine Engine Oils to its Turkish clients for the next three years. Nissan Genuine Engine Oils are created with the help of TotalEnergies' lubricant expertise.
- March 2021: Castrol announced the launch of Castrol ON (a Castrol e-fluid range that includes e-gear oils, e-coolants, and e-greases) to its product portfolio. This range is specially designed for electric vehicles.
- March 2021: Hyundai Motor Company and Royal Dutch Shell PLC announced a five-year global business cooperation agreement, with a new focus on clean energy and carbon reduction, to help Hyundai continue its transformation as a Smart Mobility Solution Provider.
Turkey Automotive Engine Oils Market Report - Table of Contents
1. Executive Summary & Key Findings
2. Introduction
- 2.1 Study Assumptions & Market Definition
- 2.2 Scope of the Study
- 2.3 Research Methodology
3. Key Industry Trends
- 3.1 Automotive Industry Trends
- 3.2 Regulatory Framework
- 3.3 Value Chain & Distribution Channel Analysis
4. Market Segmentation
-
4.1 By Vehicle Type
- 4.1.1 Commercial Vehicles
- 4.1.2 Motorcycles
- 4.1.3 Passenger Vehicles
- 4.2 By Product Grade
5. Competitive Landscape
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
-
5.3 Company Profiles
- 5.3.1 Altinbas Holdings (Alpet Madeni Yağları)
- 5.3.2 BELGIN Oil
- 5.3.3 BP PLC (Castrol)
- 5.3.4 Demiroren (M Oil)
- 5.3.5 FUCHS
- 5.3.6 Gulf Oil International
- 5.3.7 LUKOIL
- 5.3.8 Petrol Ofisi
- 5.3.9 Royal Dutch Shell PLC
- 5.3.10 TotalEnergies
- *List Not Exhaustive
6. Appendix
- 6.1 Appendix-1 References
- 6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Turkey Automotive Engine Oils Industry Segmentation
| By Vehicle Type | Commercial Vehicles |
| Motorcycles | |
| Passenger Vehicles |
Turkey Automotive Engine Oils Market Research FAQs
How big is the Turkey Automotive Engine Oils Market?
The Turkey Automotive Engine Oils Market size is expected to reach 167.38 million Liters in 2024 and grow at a CAGR of 6.36% to reach 189.35 million Liters by 2026.
What is the current Turkey Automotive Engine Oils Market size?
In 2024, the Turkey Automotive Engine Oils Market size is expected to reach 167.38 million Liters.
Who are the key players in Turkey Automotive Engine Oils Market?
BP PLC (Castrol), FUCHS, Petrol Ofisi, Royal Dutch Shell PLC and TotalEnergies are the major companies operating in the Turkey Automotive Engine Oils Market.
Which segment has the biggest share in the Turkey Automotive Engine Oils Market?
In the Turkey Automotive Engine Oils Market, the Commercial Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Turkey Automotive Engine Oils Market?
In 2024, the Passenger Vehicles segment accounts for the fastest growing by vehicle type in the Turkey Automotive Engine Oils Market.
What years does this Turkey Automotive Engine Oils Market cover, and what was the market size in 2023?
In 2023, the Turkey Automotive Engine Oils Market size was estimated at 156.31 million Liters. The report covers the Turkey Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Turkey Automotive Engine Oils Market size for years: 2024, 2025 and 2026.
Turkey Automotive Engine Oils Industry Report
Statistics for the 2023 Turkey Automotive Engine Oils market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Turkey Automotive Engine Oils analysis includes a market forecast outlook to 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
