Iran Commercial Vehicles Lubricants Market Trends

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

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Market Trends of Iran Commercial Vehicles Lubricants Industry

This section covers the major market trends shaping the Iran 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 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 Market

Iran Commercial Vehicles Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026