How big is the Turkey Automotive Lubricants Market?

The Turkey Automotive Lubricants Market size is expected to reach 241.32 million Liters in 2024 and grow at a CAGR of 6.57% to reach 274.08 million Liters by 2026. Read More

What is the current Turkey Automotive Lubricants Market size?

In 2024, the Turkey Automotive Lubricants Market size is expected to reach 241.32 million Liters. Read More

Who are the key players in Turkey Automotive Lubricants Market?

BP PLC (Castrol), FUCHS, Petrol Ofisi, Royal Dutch Shell PLC and TotalEnergies are the major companies operating in the Turkey Automotive Lubricants Market. Read More

Which segment has the biggest share in the Turkey Automotive Lubricants Market?

In the Turkey Automotive Lubricants Market, the Commercial Vehicles segment accounts for the largest share by vehicle type. Read More

Which is the fastest growing segment in the Turkey Automotive Lubricants Market?

In 2024, the Passenger Vehicles segment accounts for the fastest growing by vehicle type in the Turkey Automotive Lubricants Market. Read More

What years does this Turkey Automotive Lubricants Market cover, and what was the market size in 2023?

In 2023, the Turkey Automotive Lubricants Market size was estimated at 225.08 million Liters. The report covers the Turkey Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Turkey Automotive Lubricants Market size for years: 2024, 2025 and 2026. Read More

Turkey Automotive Lubricants Market Trends

Statistics for the 2023 & 2024 Turkey Automotive Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Turkey Automotive 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 Turkey Automotive Lubricants Industry

This section covers the major market trends shaping the Turkey Automotive Lubricants Market according to our research experts:

Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Commercial Vehicles</span>

In Turkey, passenger vehicles (PV) accounted for the largest share of 59.25% in the total number of on-road vehicles in 2020, followed by commercial vehicles (CVs) and motorcycles (MCs), with a share of 24.88% and 15.88%, respectively.
The CV segment accounted for the highest share of around 56% in the total automotive lubricant consumption in 2020, followed by PV (40.87%) and MC (3.14%), respectively. In 2020, COVID-19 outbreak led to notable dip in lubricants consumption, where CV lubricant consumption recorded highest dip of 7.18%, followed by PV (5.47%) and MC (3.75%).
The passenger vehicle segment is projected to be the fastest-growing lubricant consumer, at a CAGR of 7.91% over the period 2021-2026. In the coming years, the expected growth in annual travel rates, recovery in the sales and average annual distance travelled by commercial vehicles.