Saudi Arabia Automotive Lubricants Market Trends

Statistics for the 2023 & 2024 Saudi Arabia Automotive Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Automotive 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.

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Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Market Trends of Saudi Arabia Automotive Lubricants Industry

This section covers the major market trends shaping the Saudi Arabia Automotive Lubricants Market according to our research experts:

Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Passenger Vehicles</span>

  • 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 Market

Saudi Arabia Automotive Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026