Turkey Automotive Engine Oils Market Size

Statistics for the 2023 & 2024 Turkey Automotive Engine Oils market size, created by Mordor Intelligence™ Industry Reports. Turkey Automotive Engine Oils size report includes a market forecast to 202 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Turkey Automotive Engine Oils Industry

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Turkey Automotive Engine Oils Market Summary
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

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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 SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026