Saudi Arabia Automotive Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 399.93 Million Liters |
| Market Volume (2026) | 419.03 Million Liters |
| CAGR (2024 - 2026) | 2.36 % |
| Market Concentration | High |
Saudi Arabia Automotive Lubricants Market Analysis
The Saudi Arabia Automotive Lubricants Market size is estimated at 399.93 Million Liters in 2024, and is expected to reach 419.03 Million Liters by 2026, growing at a CAGR of 2.36% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : Saudi Arabia's commercial vehicle industry has the largest lubricant consumption owing to the country' high average lubricant requirements and the presence of older trucks.
- Fastest Segment by Vehicle Type - Motorcycles : Post the rebound in economic and business activity, the rising sales and usage of motorcycles are expected to boost the demand for motorcycle lubricants in Saudi Arabia.
- 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 & Gear Oils : In Saudi Arabia, the demand for transmission oilsis likely grow in the future due to the growing adoption of automatic transmissions in passenger and commercial vehicles.
Saudi Arabia Automotive Lubricants Market Trends
This section covers the major market trends shaping the Saudi Arabia Automotive Lubricants Market according to our research experts:
Largest Segment By Vehicle Type : Passenger Vehicles
- In Saudi Arabia, passenger vehicles (PV) accounted for the largest share of 71.04% in the total number of on-road vehicles in 2020, followed by commercial vehicles (CV) and motorcycles (MC), with a share of 28.23% and 0.73%, respectively.
- The PV segment accounted for the highest share of around 52% in total automotive lubricant consumption in 2020, followed by CV (48%) and MC (0.09%), respectively. In 2020, COVID-19 outbreak led to notable dip in lubricants consumption, where CV lubricant consumption recorded highest dip of 7.3%, followed by PV (6.84%) and MC (5.57%).
- The motorcycle segment is projected to be the fastest-growing lubricant consumer, with a CAGR of 3.39% over the period 2021-2026. The growth is expected to be driven by recovery in the sales and average annual distance travelled by motorcycles during the coming years.
Saudi Arabia Automotive Lubricants Industry Overview
The Saudi Arabia Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 77.78%. 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 Lubricants 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 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.
- 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 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 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 Lubricants Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Saudi Arabia Automotive Lubricants Market Research FAQs
How big is the Saudi Arabia Automotive Lubricants Market?
The Saudi Arabia Automotive Lubricants Market size is expected to reach 399.93 million Liters in 2024 and grow at a CAGR of 2.36% to reach 419.03 million Liters by 2026.
What is the current Saudi Arabia Automotive Lubricants Market size?
In 2024, the Saudi Arabia Automotive Lubricants Market size is expected to reach 399.93 million Liters.
Who are the key players in Saudi Arabia Automotive Lubricants Market?
BP PLC (Castrol), ExxonMobil Corporation, FUCHS, Petromin Corporation and Royal Dutch Shell PLC are the major companies operating in the Saudi Arabia Automotive Lubricants Market.
Which segment has the biggest share in the Saudi Arabia Automotive Lubricants Market?
In the Saudi Arabia Automotive Lubricants Market, the Passenger Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Saudi Arabia Automotive Lubricants Market?
In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the Saudi Arabia Automotive Lubricants Market.
What years does this Saudi Arabia Automotive Lubricants Market cover, and what was the market size in 2023?
In 2023, the Saudi Arabia Automotive Lubricants Market size was estimated at 390.58 million Liters. The report covers the Saudi Arabia Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Automotive Lubricants Market size for years: 2024, 2025 and 2026.
Saudi Arabia Automotive Lubricants Industry Report
Statistics for the 2024 Saudi Arabia Automotive Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Automotive Lubricants analysis includes a market forecast outlook 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
