Saudi Arabia Automotive Engine Oils Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 351.45 Million Liters |
| Market Volume (2026) | 366.77 Million Liters |
| CAGR (2024 - 2026) | 2.16 % |
| Market Concentration | High |
Saudi Arabia Automotive Engine Oils Market Analysis
The Saudi Arabia Automotive Engine Oils Market size is estimated at 351.45 Million Liters in 2024, and is expected to reach 366.77 Million Liters by 2026, growing at a CAGR of 2.16% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : The average engine oil capacity of heavy-duty trucks and buses was higher, resulting in the commercial vehicle sector dominating the engine oil consumption in Saudi Arabia.
- Fastest Segment by Vehicle Type - Motorcycles : Following the COVID-19 outbreak, there has been a dramatic increase in used motorcycle sales in Saudi Arabia, in turn driving engine oil consumption in the motorcycle market.
Saudi Arabia Automotive Engine Oils Market Trends
This section covers the major market trends shaping the Saudi Arabia Automotive Engine Oils Market according to our research experts:
Largest Segment By Vehicle Type : Passenger Vehicles
- In Saudi, engine oils accounted for about 88.6% of automotive lubricants in 2020. During 2015-2019, engine oil consumption increased at a CAGR of around 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 7.2% dip in engine oil consumption. Commercial vehicle (PV) segment recorded the largest decline of 7.39% in engine oil consumption during the year.
- During 2021-2026, the motorcycles segment is expected to register highest growth of about 3.43% in the engine oil consumption, followed by PV segment (2.97%). The growth is likely to be driven by increasing demand for mopeds and motorcycles in the country over the next five years.
Saudi Arabia Automotive Engine Oils Industry Overview
The Saudi Arabia Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 77.75%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, FUCHS, Petromin Corporation and Royal Dutch Shell PLC (sorted alphabetically).
Saudi Arabia Automotive Engine Oils Market Leaders
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BP PLC (Castrol)
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ExxonMobil Corporation
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FUCHS
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Petromin Corporation
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Royal Dutch Shell PLC
*Disclaimer: Major Players sorted in no particular order
Saudi Arabia Automotive Engine Oils 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.
- November 2021: PETRONAS Lubricants International Sdn Bhd (PLI) announced the debut of PETRONAS iona Electric Vehicle (EV) Fluids solutions at its Global Research & Technology Centre in Turin, Italy, marking another milestone in fluid technology innovation.
- July 2021: Taajeer Group and APSCO agreed to work together on a long-term strategic relationship to deliver engine oil change services for MG automobiles at "Mobil Service" locations across the Kingdom.
Saudi Arabia 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 AMSOIL Inc.
5.3.2 BP PLC (Castrol)
5.3.3 CHEVRON CORPORATION
5.3.4 Eni SpA
5.3.5 ExxonMobil Corporation
5.3.6 FUCHS
5.3.7 Petromin Corporation
5.3.8 PETRONAS Lubricants International
5.3.9 Royal Dutch Shell PLC
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
Saudi Arabia Automotive Engine Oils Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
Saudi Arabia Automotive Engine Oils Market Research FAQs
How big is the Saudi Arabia Automotive Engine Oils Market?
The Saudi Arabia Automotive Engine Oils Market size is expected to reach 351.45 million Liters in 2024 and grow at a CAGR of 2.16% to reach 366.77 million Liters by 2026.
What is the current Saudi Arabia Automotive Engine Oils Market size?
In 2024, the Saudi Arabia Automotive Engine Oils Market size is expected to reach 351.45 million Liters.
Who are the key players in Saudi Arabia Automotive Engine Oils Market?
BP PLC (Castrol), ExxonMobil Corporation, FUCHS, Petromin Corporation and Royal Dutch Shell PLC are the major companies operating in the Saudi Arabia Automotive Engine Oils Market.
Which segment has the biggest share in the Saudi Arabia Automotive Engine Oils Market?
In the Saudi Arabia Automotive Engine Oils Market, the Passenger Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Saudi Arabia Automotive Engine Oils Market?
In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the Saudi Arabia Automotive Engine Oils Market.
What years does this Saudi Arabia Automotive Engine Oils Market cover, and what was the market size in 2023?
In 2023, the Saudi Arabia Automotive Engine Oils Market size was estimated at 344.03 million Liters. The report covers the Saudi Arabia Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Automotive Engine Oils Market size for years: 2024, 2025 and 2026.
Saudi Arabia Automotive Engine Oils Industry Report
Statistics for the 2024 Saudi Arabia Automotive Engine Oils market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia 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.
