Market Size of Turkey Automotive Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 6.57 % |
| Market Concentration | High |
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Turkey Automotive Lubricants Market Analysis
The Turkey Automotive Lubricants Market size is estimated at 241.32 Million Liters in 2024, and is expected to reach 274.08 Million Liters by 2026, growing at a CAGR of 6.57% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Commercial Vehicles : The country's commercial vehicle industry has the largest lubricant consumption owing to Turkey's high average lubricant volumes and the presence of older trucks.
- Fastest Segment by Vehicle Type - Passenger Vehicles : The expected recovery of passenger vehicle sales and production in Turkey from 2021 is anticipated to drive the demand for engine oils and other lubricants at a steady rate.
- Largest Segment by Product Type - Engine Oils : Engine oils form the leading product type due to their high volume requirements and shorter drain intervals. They are used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Greases : The expected recovery in sales, production and imports of cars and motrocycles in Turkey from 2021 is expected to increase grease consumption in the coming years.
