How big is the Turkey Commercial Vehicles Lubricants Market?

The Turkey Commercial Vehicles Lubricants Market size is expected to reach 127.69 million Liters in 2024 and grow at a CAGR of 5.45% to reach 141.99 million Liters by 2026. Read More

What is the current Turkey Commercial Vehicles Lubricants Market size?

In 2024, the Turkey Commercial Vehicles Lubricants Market size is expected to reach 127.69 million Liters. Read More

Who are the key players in Turkey Commercial Vehicles Lubricants Market?

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

Which segment has the biggest share in the Turkey Commercial Vehicles Lubricants Market?

In the Turkey Commercial Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type. Read More

Which is the fastest growing segment in the Turkey Commercial Vehicles Lubricants Market?

In 2024, the Greases segment accounts for the fastest growing by product type in the Turkey Commercial Vehicles Lubricants Market. Read More

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

In 2023, the Turkey Commercial Vehicles Lubricants Market size was estimated at 120.74 million Liters. The report covers the Turkey Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Turkey Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

Turkey Commercial Vehicles Lubricants Market Trends

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

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

Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>

In Turkey, Commercial vehicles (CVs) is the largest vehicle type in terms of automotive lubricant consumption. During 2015-2019, the CV lubricant consumption declined by around 7% primarily owing to the declined industrial activity owing to economical crisis.
In 2020, CVs accounted for about 56% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in the PV lubricant consumption, with a share of around 72% during the year. During 2020, CV lubricants consumption declined by 7.1% due to the lower usage of the vehicle fleet post COVID-19 outbreak.
The grease segment is likely to be the fastest-growing lubricant type exhibiting a CAGR of 7.04% during 2021-2026. This growth is likely to be driven by rise in sales of commercial vehicles and recovery of freight transportation in the country.