Market Size of Turkey Automotive Engine Oils Industry
| 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 |
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.
