Qatar Commercial Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 18.76 Million Liters |
| Market Volume (2026) | 19.53 Million Liters |
| CAGR (2024 - 2026) | 2.03 % |
| Market Concentration | High |
Qatar Commercial Vehicles Lubricants Market Analysis
The Qatar Commercial Vehicles Lubricants Market size is estimated at 18.76 Million Liters in 2024, and is expected to reach 19.53 Million Liters by 2026, growing at a CAGR of 2.03% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and shorter drain intervals, as it is used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Greases : In Qatar, the predicted rebound in commercial vehicle imports and sales beginning in 2021 is expected to increase the consumption of greases during the next few years.
Qatar Commercial Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Qatar Commercial Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : Engine Oils
- In Qatar, commercial vehicles (CVs) forms the second-largest vehicle type in terms of automotive lubricant consumption. During 2015-2019, lubricant consumption in the CV sector has been fluctuating. This can be attributed to the growing vehicle fleet along with expanding service intervals for engine oils and transmission oils.
- The commercial vehicle lubricant consumption declined by almost 8.3% as COVID-19 affected the freight transportation in 2020. The engine oil segment accounted for around 78% share in CV lubricant consumption in 2020. A major decline of 9.5% was observed in the consumption of greases in CV segment during the year.
- The grease segment is likely to be the fastest-growing segment with a CAGR of 5.19% during 2021-2026. The recovery in production and sales of commercial vehicles is likely to drive the consumption of greases in the short term.
Qatar Commercial Vehicles Lubricants Industry Overview
The Qatar Commercial Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 47.14%. The major players in this market are ExxonMobil Corporation, Qatar Lubricants Company (QALCO), Royal Dutch Shell PLC, TotalEnergies and Valvoline Inc. (sorted alphabetically).
Qatar Commercial Vehicles Lubricants Market Leaders
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ExxonMobil Corporation
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Qatar Lubricants Company (QALCO)
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Royal Dutch Shell PLC
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TotalEnergies
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Valvoline Inc.
*Disclaimer: Major Players sorted in no particular order
Qatar 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.
- October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.
- March 2021: Castrol announced the launch of Castrol ON (a Castrol e-fluid range that includes e-gear oils, e-coolants, and e-greases) to its product portfolio. This range is specially designed for electric vehicles.
Qatar 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 BP PLC (Castrol)
5.3.2 Chevron Corporation
5.3.3 ENEOS Corporation
5.3.4 ExxonMobil Corporation
5.3.5 Gulf Continental Oil and Grease Factory (GulfCon)
5.3.6 Indian Oil Corporation Limited
5.3.7 Qatar Lubricants Company (QALCO)
5.3.8 Royal Dutch Shell PLC
5.3.9 TotalEnergies
5.3.10 Valvoline Inc.
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Qatar Commercial Vehicles Lubricants Industry Segmentation
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Qatar Commercial Vehicles Lubricants Market Research FAQs
How big is the Qatar Commercial Vehicles Lubricants Market?
The Qatar Commercial Vehicles Lubricants Market size is expected to reach 18.76 million Liters in 2024 and grow at a CAGR of 2.03% to reach 19.53 million Liters by 2026.
What is the current Qatar Commercial Vehicles Lubricants Market size?
In 2024, the Qatar Commercial Vehicles Lubricants Market size is expected to reach 18.76 million Liters.
Who are the key players in Qatar Commercial Vehicles Lubricants Market?
ExxonMobil Corporation, Qatar Lubricants Company (QALCO), Royal Dutch Shell PLC, TotalEnergies and Valvoline Inc. are the major companies operating in the Qatar Commercial Vehicles Lubricants Market.
Which segment has the biggest share in the Qatar Commercial Vehicles Lubricants Market?
In the Qatar Commercial Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Qatar Commercial Vehicles Lubricants Market?
In 2024, the Greases segment accounts for the fastest growing by product type in the Qatar Commercial Vehicles Lubricants Market.
What years does this Qatar Commercial Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Qatar Commercial Vehicles Lubricants Market size was estimated at 18.42 million Liters. The report covers the Qatar Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Qatar Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Qatar Commercial Vehicles Lubricants Industry Report
Statistics for the 2024 Qatar Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Qatar 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.
