Iran Commercial Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 101.25 Million Liters |
| Market Volume (2026) | 105.64 Million Liters |
| CAGR (2024 - 2026) | 2.14 % |
| Market Concentration | High |
Iran Commercial Vehicles Lubricants Market Analysis
The Iran Commercial Vehicles Lubricants Market size is estimated at 101.25 Million Liters in 2024, and is expected to reach 105.64 Million Liters by 2026, growing at a CAGR of 2.14% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Due to its high volume requirements and shorter drain intervals in different types of commercial vehicles, engine oil is the leading product type, in terms of consumption.
- Fastest Segment by Product Type - Greases : The expected recovery in commercial vehicle sales and production in Iran from 2021 is likely to drive the demand for transmission oils during in the coming years.
Iran Commercial Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Iran Commercial Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : Engine Oils
- In Iran, commercial vehicles (CV) forms the second largest segment in terms of automotive lubricant consumption. During 2015-2019, lubricant consumption grew at a CAGR of 3% in the CV segment. The growth was majorly driven by the growing freight ransportation in the country.
- The commercial vehicle lubricant consumption declined by 6.8% as COVID-19 affected the freight transportation, in 2020. The engine oil segment accounts for around 87% share in the CV lubricant consumption. A major decline of 7.68% was observed in the consumption of greases in CV segment during the year.
- During 2021-2026, the greases segment is likely to be the fastest-growing product type, exhibiting a CAGR of 4.24%. The recovery in usage activity, and sales of commercial vehicles is likely to drive the consumption of greases over the coming years.
Iran Commercial Vehicles Lubricants Industry Overview
The Iran Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 86.27%. 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 Commercial Vehicles Lubricants Market Leaders
-
Behran Oil Company
-
Iranol Oil Company
-
Pardis Engine Oil Company
-
Pars Oil Company
-
Sepahan Oil Company
*Disclaimer: Major Players sorted in no particular order
Iran Commercial Vehicles 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.
Iran 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
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
5.3 Company Profiles
5.3.1 AZAR RAVAN SAZ (Petronol)
5.3.2 Behran Oil Company
5.3.3 FUCHS
5.3.4 Ghatran Kaveh Motor Oil Co.
5.3.5 Iranol Oil Company
5.3.6 LIQUI MOLY
5.3.7 Pardis Engine Oil Company
5.3.8 Pars Oil Company
5.3.9 Sepahan Oil Company
5.3.10 TotalEnergies
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Iran Commercial Vehicles Lubricants Industry Segmentation
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Iran Commercial Vehicles Lubricants Market Research FAQs
How big is the Iran Commercial Vehicles Lubricants Market?
The Iran Commercial Vehicles Lubricants Market size is expected to reach 101.25 million Liters in 2024 and grow at a CAGR of 2.14% to reach 105.64 million Liters by 2026.
What is the current Iran Commercial Vehicles Lubricants Market size?
In 2024, the Iran Commercial Vehicles Lubricants Market size is expected to reach 101.25 million Liters.
Who are the key players in Iran Commercial Vehicles 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 Commercial Vehicles Lubricants Market.
Which segment has the biggest share in the Iran Commercial Vehicles Lubricants Market?
In the Iran Commercial Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Iran Commercial Vehicles Lubricants Market?
In 2024, the Greases segment accounts for the fastest growing by product type in the Iran Commercial Vehicles Lubricants Market.
What years does this Iran Commercial Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Iran Commercial Vehicles Lubricants Market size was estimated at 99.03 million Liters. The report covers the Iran Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Iran Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Iran Commercial Vehicle Lubricant Industry Report
Statistics for the 2023 Iran Commercial Vehicle Lubricant market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Iran Commercial Vehicle Lubricant analysis includes a market forecast outlook to 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
