Turkey Automotive Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 241.32 Million Liters |
| Market Volume (2026) | 274.08 Million Liters |
| CAGR (2024 - 2026) | 6.57 % |
| Market Concentration | High |
Turkey Automotive Lubricants Market Analysis
The Turkey Automotive Lubricants Market size is estimated at 241.32 Million Liters in 2024, and is expected to reach 274.08 Million Liters by 2026, growing at a CAGR of 6.57% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Commercial Vehicles : The country's commercial vehicle industry has the largest lubricant consumption owing to Turkey's high average lubricant volumes and the presence of older trucks.
- Fastest Segment by Vehicle Type - Passenger Vehicles : The expected recovery of passenger vehicle sales and production in Turkey from 2021 is anticipated to drive the demand for engine oils and other lubricants at a steady rate.
- 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 - Greases : The expected recovery in sales, production and imports of cars and motrocycles in Turkey from 2021 is expected to increase grease consumption in the coming years.
Turkey Automotive Lubricants Market Trends
This section covers the major market trends shaping the Turkey Automotive Lubricants Market according to our research experts:
Largest Segment By Vehicle Type : Commercial Vehicles
- In Turkey, passenger vehicles (PV) accounted for the largest share of 59.25% in the total number of on-road vehicles in 2020, followed by commercial vehicles (CVs) and motorcycles (MCs), with a share of 24.88% and 15.88%, respectively.
- The CV segment accounted for the highest share of around 56% in the total automotive lubricant consumption in 2020, followed by PV (40.87%) and MC (3.14%), respectively. In 2020, COVID-19 outbreak led to notable dip in lubricants consumption, where CV lubricant consumption recorded highest dip of 7.18%, followed by PV (5.47%) and MC (3.75%).
- The passenger vehicle segment is projected to be the fastest-growing lubricant consumer, at a CAGR of 7.91% over the period 2021-2026. In the coming years, the expected growth in annual travel rates, recovery in the sales and average annual distance travelled by commercial vehicles.
Turkey Automotive Lubricants Industry Overview
The Turkey Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 86.92%. The major players in this market are BP PLC (Castrol), FUCHS, Petrol Ofisi, Royal Dutch Shell PLC and TotalEnergies (sorted alphabetically).
Turkey Automotive Lubricants Market Leaders
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BP PLC (Castrol)
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FUCHS
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Petrol Ofisi
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Royal Dutch Shell PLC
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TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Turkey 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.
- September 2021: Total Turkey Pazarlama and Nissan Turkey signed a new arrangement under which Nissan Turkey will deliver Nissan Genuine Engine Oils to its Turkish clients for the next three years. Nissan Genuine Engine Oils are created with the help of TotalEnergies' lubricant expertise.
- 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.
Turkey 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 Altinbas Holdings (Alpet Madeni Yağları)
5.3.2 BELGIN Oil
5.3.3 BP PLC (Castrol)
5.3.4 Demiroren (M Oil)
5.3.5 ExxonMobil Corporation
5.3.6 FUCHS
5.3.7 Gulf Oil International
5.3.8 LUKOIL
5.3.9 Petrol Ofisi
5.3.10 Royal Dutch Shell PLC
5.3.11 TotalEnergies
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Turkey Automotive Lubricants Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Turkey Automotive Lubricants Market Research FAQs
How big is the Turkey Automotive Lubricants Market?
The Turkey Automotive Lubricants Market size is expected to reach 241.32 million Liters in 2024 and grow at a CAGR of 6.57% to reach 274.08 million Liters by 2026.
What is the current Turkey Automotive Lubricants Market size?
In 2024, the Turkey Automotive Lubricants Market size is expected to reach 241.32 million Liters.
Who are the key players in Turkey Automotive Lubricants Market?
BP PLC (Castrol), FUCHS, Petrol Ofisi, Royal Dutch Shell PLC and TotalEnergies are the major companies operating in the Turkey Automotive Lubricants Market.
Which segment has the biggest share in the Turkey Automotive Lubricants Market?
In the Turkey Automotive Lubricants Market, the Commercial Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Turkey Automotive Lubricants Market?
In 2024, the Passenger Vehicles segment accounts for the fastest growing by vehicle type in the Turkey Automotive Lubricants Market.
What years does this Turkey Automotive Lubricants Market cover, and what was the market size in 2023?
In 2023, the Turkey Automotive Lubricants Market size was estimated at 225.08 million Liters. The report covers the Turkey Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Turkey Automotive Lubricants Market size for years: 2024, 2025 and 2026.
Turkey Automotive Lubricants Industry Report
Statistics for the 2024 Turkey Automotive Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Turkey 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.
