Iran Automotive Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 561.03 Million Liters |
| Market Volume (2026) | 587.29 Million Liters |
| CAGR (2024 - 2026) | 2.31 % |
| Market Concentration | High |
Iran Automotive Lubricants Market Analysis
The Iran Automotive Lubricants Market size is estimated at 561.03 Million Liters in 2024, and is expected to reach 587.29 Million Liters by 2026, growing at a CAGR of 2.31% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : Iran operates a large active diesel passenger vehicle parc. As a result, this sector's lubricant consumption accounts for the largest's share of the overall lubricant market.
- Fastest Segment by Vehicle Type - Motorcycles : Post the rebound in economic and business activity, the increasing sales and presence of used motorcycles are expected to boost the demand for motorcycle lubricants in Iran.
- Largest Segment by Product Type - Engine Oils : Engine oils form the leading product type due to their high volume requirements and shorter drain intervals. They are used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission Oils : In Iran, the demand for transmission oils is likely grow steadily in future due to the growing adoption of automatic transmissions in passenger and commercial vehicles.
Iran Automotive Lubricants Market Trends
This section covers the major market trends shaping the Iran Automotive Lubricants Market according to our research experts:
Largest Segment By Vehicle Type : Passenger Vehicles
- In Iran, passenger vehicles (PV) accounted for the largest share of 58.28% in the total number of on-road vehicles in 2020, followed by motorcycles (MC) and commercial vehicles (CV), with a share of 37.8% and 3.92%, respectively.
- The PV segment accounted for the highest share of around 67% in total automotive lubricant consumption in 2020, followed by CV (18.2%) and MC (14.5%), respectively. In 2020, COVID-19 outbreak led to notable dip in lubricants consumption, where PV lubricant consumption recorded highest dip of 7.4%, followed by CV (6.8%) and MC (5.8%).
- The motorcycle segment is projected to be the fastest-growing lubricant consumer, with a CAGR of 3.41% over the period 2021-2026. The growth is expected to be driven by a recovery in low-cost moped sales and increasing penetration of Chinese motorcycle brands in the coming years.
Iran Automotive Lubricants Industry Overview
The Iran Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 83.90%. 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 Lubricants 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 Lubricants 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 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
4.1 By Vehicle Type
4.1.1 Commercial Vehicles
4.1.2 Motorcycles
4.1.3 Passenger Vehicles
4.2 By Product Type
4.2.1 Engine Oils
4.2.2 Greases
4.2.3 Hydraulic Fluids
4.2.4 Transmission & Gear Oils
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 Lubricants Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Iran Automotive Lubricants Market Research FAQs
How big is the Iran Automotive Lubricants Market?
The Iran Automotive Lubricants Market size is expected to reach 561.03 million Liters in 2024 and grow at a CAGR of 2.31% to reach 587.29 million Liters by 2026.
What is the current Iran Automotive Lubricants Market size?
In 2024, the Iran Automotive Lubricants Market size is expected to reach 561.03 million Liters.
Who are the key players in Iran Automotive Lubricants 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 Lubricants Market.
Which segment has the biggest share in the Iran Automotive Lubricants Market?
In the Iran Automotive Lubricants Market, the Passenger Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Iran Automotive Lubricants Market?
In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the Iran Automotive Lubricants Market.
What years does this Iran Automotive Lubricants Market cover, and what was the market size in 2023?
In 2023, the Iran Automotive Lubricants Market size was estimated at 546.89 million Liters. The report covers the Iran Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Iran Automotive Lubricants Market size for years: 2024, 2025 and 2026.
Iran Automotive Lubricants Industry Report
Statistics for the 2023 Iran Automotive Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Iran Automotive Lubricants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
