Turkey Passenger Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 7.92 % |
| Market Concentration | High |
Turkey Passenger Vehicles Lubricants Market Analysis
The Turkey Passenger Vehicles Lubricants Market size is estimated at 105.79 Million Liters in 2024, and is expected to reach 123.20 Million Liters by 2026, growing at a CAGR of 7.92% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and shorter drain intervals, as it is used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Greases : The increasing usage of older and newer passenger cars along with expecteed increase in production capacities in the country are likley to support the consumption of greases.
Turkey Passenger Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Turkey Passenger 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, passenger vehicles (PVs) is the second-largest vehicle type in terms of automotive lubricant consumption. During 2015-2019, the PV lubricant consumption grew with a CAGR of 2.8% primarily owing to the surge in the car population of the country.
- In 2020, PVs accounted for about 41% 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 72.8% during the year. During 2020, PV lubricants consumption declined by over 5% due to the lower usage of the vehicle fleet post COVID-19 outbreak.
- During 2021-2026, the grease segment is likely to be the fastest-growing lubricant type with a CAGR of 8.44%. This growth is likely to be driven by rise in sales of passenger cars and recovery in average distance travelled in the country.
Turkey Passenger Vehicles Lubricants Industry Overview
The Turkey Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 82.60%. The major players in this market are BP PLC (Castrol), FUCHS, Petrol Ofisi, Royal Dutch Shell PLC and TotalEnergies (sorted alphabetically).
Turkey Passenger Vehicles Lubricants Market Leaders
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BP PLC (Castrol)
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FUCHS
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Petrol Ofisi
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Royal Dutch Shell PLC
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TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Turkey Passenger Vehicles Lubricants Market News
- September 2021: Total Turkey Pazarlama and Nissan Turkey signed a new arrangement under which Nissan Turkey will deliver Nissan Genuine Engine Oils to its Turkish clients for the next three years. Nissan Genuine Engine Oils are created with the help of TotalEnergies' lubricant expertise.
- March 2021: Castrol announced the launch of Castrol ON (a Castrol e-fluid range that includes e-gear oils, e-coolants, and e-greases) to its product portfolio. This range is specially designed for electric vehicles.
- March 2021: Hyundai Motor Company and Royal Dutch Shell PLC announced a five-year global business cooperation agreement, with a new focus on clean energy and carbon reduction, to help Hyundai continue its transformation as a Smart Mobility Solution Provider.
Turkey Passenger Vehicles Lubricants Market Report - Table of Contents
1. Executive Summary & Key Findings
2. Introduction
- 2.1 Study Assumptions & Market Definition
- 2.2 Scope of the Study
- 2.3 Research Methodology
3. Key Industry Trends
- 3.1 Automotive Industry Trends
- 3.2 Regulatory Framework
- 3.3 Value Chain & Distribution Channel Analysis
4. Market Segmentation
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4.1 By Product Type
- 4.1.1 Engine Oils
- 4.1.2 Greases
- 4.1.3 Hydraulic Fluids
- 4.1.4 Transmission & Gear Oils
5. Competitive Landscape
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
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5.3 Company Profiles
- 5.3.1 Altinbas Holdings (Alpet Madeni Yağları)
- 5.3.2 BELGIN Oil
- 5.3.3 BP PLC (Castrol)
- 5.3.4 Demiroren (M Oil)
- 5.3.5 ExxonMobil Corporation
- 5.3.6 FUCHS
- 5.3.7 LUKOIL
- 5.3.8 Petrol Ofisi
- 5.3.9 Royal Dutch Shell PLC
- 5.3.10 TotalEnergies
- *List Not Exhaustive
6. Appendix
- 6.1 Appendix-1 References
- 6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
** Subject To AvailablityTurkey Passenger Vehicles Lubricants Industry Segmentation
| By Product Type | Engine Oils |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Turkey Passenger Vehicles Lubricants Market Research FAQs
How big is the Turkey Passenger Vehicles Lubricants Market?
The Turkey Passenger Vehicles Lubricants Market size is expected to reach 105.79 million Liters in 2024 and grow at a CAGR of 7.92% to reach 123.20 million Liters by 2026.
What is the current Turkey Passenger Vehicles Lubricants Market size?
In 2024, the Turkey Passenger Vehicles Lubricants Market size is expected to reach 105.79 million Liters.
Who are the key players in Turkey Passenger Vehicles Lubricants Market?
BP PLC (Castrol), FUCHS, Petrol Ofisi, Royal Dutch Shell PLC and TotalEnergies are the major companies operating in the Turkey Passenger Vehicles Lubricants Market.
Which segment has the biggest share in the Turkey Passenger Vehicles Lubricants Market?
In the Turkey Passenger Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Turkey Passenger Vehicles Lubricants Market?
In 2024, the Greases segment accounts for the fastest growing by product type in the Turkey Passenger Vehicles Lubricants Market.
What years does this Turkey Passenger Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Turkey Passenger Vehicles Lubricants Market size was estimated at 97.00 million Liters. The report covers the Turkey Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Turkey Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Turkey Passenger Vehicles Lubricants Industry Report
Statistics for the 2024 Turkey Passenger Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Turkey Passenger Vehicles Lubricants analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
