Market Trends of Uae Automotive Lubricants Industry
This section covers the major market trends shaping the UAE 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 UAE, passenger vehicles (PV) accounted for the largest share of 88.24% in the total number of on-road vehicles in 2020, followed by commercial vehicles (CV) and motorcycles (MCs), with a share of 10.16% and 1.60%, respectively.
- The PV segment accounted for the highest share of around 74.3% in total automotive lubricant consumption in 2020, followed by CV (25.5%) and MC (0.18%), respectively. In 2020, COVID-19 outbreak led to notable dip in lubricants consumption, where MC lubricant consumption recorded highest dip of 16.28%, followed by PV (12.88%) and CV (11.11%).
- The commercial vehicles segment is projected to be the fastest-growing lubricant consumer, with a CAGR of 3.88% over the period 2021-2026. The growth is expected to be driven by recovery in the sales and average annual distance travelled by commercial vehicles in near future.
Understand The Key Trends Shaping This Market
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