Iran Automotive Engine Oils Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 522.45 Million Liters |
| Market Volume (2026) | 545.92 Million Liters |
| CAGR (2024 - 2026) | 2.22 % |
| Market Concentration | High |
Iran Automotive Engine Oils Market Analysis
The Iran Automotive Engine Oils Market size is estimated at 522.45 Million Liters in 2024, and is expected to reach 545.92 Million Liters by 2026, growing at a CAGR of 2.22% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : The passenger vehicle segment is the largest market for automotive engine oils in Iran due to the large active passenger vehicle parc, sales volumes, and usage activity.
- Fastest Segment by Vehicle Type - Motorcycles : Following the COVID-19 outbreak, there has been a dramatic increase in used motorcycle sales in Iran, which is likely drive engine oil consumption in the next few years.
Iran Automotive Engine Oils Market Trends
This section covers the major market trends shaping the Iran Automotive Engine Oils Market according to our research experts:
Largest Segment By Vehicle Type : Passenger Vehicles
- In Iran, engine oils accounted for about 93% of overall automotive lubricants in 2020. During 2015-2019, engine oil consumption increased at a CAGR of over 2.5%. The growing active vehicle fleet in the country was the key driver for this trend.
- In 2020, the COVID-19 outbreak led to a massive decline in the usage rate of the existing vehicle fleets in the country, which led to 7.28% dip in engine oil consumption. Passenger vehicle (PV) segment recorded the largest decline of 7.65% in engine oil consumption during the year, over 2019.
- During 2021-2026, the motorcycles segment is expected to register highest growth of 3.41% in the engine oil consumption, followed by PV segment (2.34%). The growth in motorcycles segment is likely to be driven by strong demand for mopeds and motorcycles in the country over the next five years.
Iran Automotive Engine Oils Industry Overview
The Iran Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 83.46%. The major players in this market are Behran Oil Company, Iranol Oil Company, Pardis Engine Oil Company, Pars Oil Company and Sepahan Oil Company (sorted alphabetically).
Iran Automotive Engine Oils Market Leaders
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Behran Oil Company
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Iranol Oil Company
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Pardis Engine Oil Company
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Pars Oil Company
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Sepahan Oil Company
*Disclaimer: Major Players sorted in no particular order
Iran Automotive Engine Oils Market News
- January 2021: All of Iranol's products would be available on the Iran Mercantile Exchange and Iran Energy Exchange, resulting in greater financial transparency for the company and a significant contribution to the country's financial stability.
- August 2020: Iranol Oil Co. unveiled its latest product, Euro Diesel, that is designed for use in large diesel engines and meets the Euro 5 emission standard or below.
- February 2019: Iranol Oil Co. introduced MOTORO motorcycle engine oil developed to protect the integrated combination of engine and gearbox found in a variety of 4-stroke engine motorcycles.
Iran Automotive Engine Oils 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
4.1 By Vehicle Type
4.1.1 Commercial Vehicles
4.1.2 Motorcycles
4.1.3 Passenger Vehicles
4.2 By Product Grade
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 Addinol
5.3.2 AZAR RAVAN SAZ (Petronol)
5.3.3 Behran Oil Company
5.3.4 FUCHS
5.3.5 Ghatran Kaveh Motor Oil Co.
5.3.6 Iranol Oil Company
5.3.7 LIQUI MOLY
5.3.8 Pardis Engine Oil Company
5.3.9 Pars Oil Company
5.3.10 Sepahan Oil Company
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Iran Automotive Engine Oils Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
Iran Automotive Engine Oils Market Research FAQs
How big is the Iran Automotive Engine Oils Market?
The Iran Automotive Engine Oils Market size is expected to reach 522.45 million Liters in 2024 and grow at a CAGR of 2.22% to reach 545.92 million Liters by 2026.
What is the current Iran Automotive Engine Oils Market size?
In 2024, the Iran Automotive Engine Oils Market size is expected to reach 522.45 million Liters.
Who are the key players in Iran Automotive Engine Oils Market?
Behran Oil Company, Iranol Oil Company, Pardis Engine Oil Company, Pars Oil Company and Sepahan Oil Company are the major companies operating in the Iran Automotive Engine Oils Market.
Which segment has the biggest share in the Iran Automotive Engine Oils Market?
In the Iran Automotive Engine Oils Market, the Passenger Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Iran Automotive Engine Oils Market?
In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the Iran Automotive Engine Oils Market.
What years does this Iran Automotive Engine Oils Market cover, and what was the market size in 2023?
In 2023, the Iran Automotive Engine Oils Market size was estimated at 509.93 million Liters. The report covers the Iran Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Iran Automotive Engine Oils Market size for years: 2024, 2025 and 2026.
Iran Automotive Engine Oils Industry Report
Statistics for the 2024 Iran Automotive Engine Oils market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Iran Automotive Engine Oils analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Iran Automotive Engine Oils Report Snapshots
