UAE Commercial 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) | 3.90 % |
| Market Concentration | High |
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UAE Commercial Vehicles Lubricants Market Analysis
The Uae Commercial Vehicles Lubricants Market size is estimated at 24.63 Million Liters in 2024, and is expected to reach 26.59 Million Liters by 2026, growing at a CAGR of 3.9% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type in UAE's commercial vehicles segment, due to the higher average volume needs of the existing fleet and rising vehicle usage activities.
- Fastest Segment by Product Type - Greases : In UAE, the anticipated rebound in commercial vehicle imports, sales, and usage, beginning in 2021 is projected to drive the consumption of greases in the coming years.
UAE Commercial Vehicles Lubricants Market Trends
This section covers the major market trends shaping the UAE 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 UAE, commercial vehicles (CV) forms the second-largest vehicle type in terms of automotive lubricant consumption. During 2015-2019, lubricant consumption grew at a CAGR of 2.5% in CV segment. The growth was majorly driven by the growing freight ransportation in the country.
- In 2020, commercial vehicle lubricant consumption declined by 11.1% as COVID-19 affected the freight transportation. The engine oil segment accounted for around 89.6% share in CV lubricant consumption in 2020. A major decline of 11.35% was observed in the consumption of engine oils in CV segment during the year.
- During 2021-2026, the greases segment is likely to be the fastest-growing segment with a CAGR of 5.09%. The growing need for service of existing fleet along with expected boom in trade activity are likely to drive the consumption of greases over the coming years.
UAE Commercial Vehicles Lubricants Industry Overview
The Uae Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 72.24%. The major players in this market are ADNOC, Emirates Lube Oil Co. Ltd, EPPCO Lubricants, Royal Dutch Shell PLC and TotalEnergies (sorted alphabetically).
UAE Commercial Vehicles Lubricants Market Leaders
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ADNOC
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Emirates Lube Oil Co. Ltd
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EPPCO Lubricants
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Royal Dutch Shell PLC
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TotalEnergies
*Disclaimer: Major Players sorted in no particular order
UAE Commercial Vehicles Lubricants Market News
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- 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.
- October 2020: Shell added e-transmission fluids, e-greases, and battery thermal fluids to its Shell E-Fluids fluids range for commercial vehicles to cater to the emerging electric vehicle segment.
UAE Commercial 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 ADNOC
- 5.3.2 Dana Lubricants Factory LLC
- 5.3.3 Emarat
- 5.3.4 Emirates Lube Oil Co. Ltd
- 5.3.5 EPPCO Lubricants
- 5.3.6 ExxonMobil Corporation
- 5.3.7 Gulf Oil International
- 5.3.8 Petromin Corporation
- 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
UAE Commercial Vehicles Lubricants Industry Segmentation
| By Product Type | Engine Oils |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
UAE Commercial Vehicles Lubricants Market Research FAQs
How big is the Uae Commercial Vehicles Lubricants Market?
The Uae Commercial Vehicles Lubricants Market size is expected to reach 24.63 million Liters in 2024 and grow at a CAGR of 3.9% to reach 26.59 million Liters by 2026.
What is the current Uae Commercial Vehicles Lubricants Market size?
In 2024, the Uae Commercial Vehicles Lubricants Market size is expected to reach 24.63 million Liters.
Who are the key players in Uae Commercial Vehicles Lubricants Market?
ADNOC, Emirates Lube Oil Co. Ltd, EPPCO Lubricants, Royal Dutch Shell PLC and TotalEnergies are the major companies operating in the Uae Commercial Vehicles Lubricants Market.
Which segment has the biggest share in the Uae Commercial Vehicles Lubricants Market?
In the Uae Commercial Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Uae Commercial Vehicles Lubricants Market?
In 2024, the Greases segment accounts for the fastest growing by product type in the Uae Commercial Vehicles Lubricants Market.
What years does this Uae Commercial Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Uae Commercial Vehicles Lubricants Market size was estimated at 23.70 million Liters. The report covers the Uae Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Uae Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Uae Commercial Vehicles Lubricants Industry Report
Statistics for the 2024 Uae Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Uae Commercial 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.
