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. Read More

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. Read More

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. Read More

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. Read More

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. Read More

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. Read More

Turkey Passenger Vehicles Lubricants Market Trends

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

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.