Uae Automotive Lubricants Market - Size, Share, COVID-19 Impact & Forecasts Up To 2026

The Uae Automotive Lubricants Market stood at 84.17 million liters in 2021 and is projected to register a CAGR of 3.02% to reach 97.69 million liters in 2026.

Key Highlights

• Largest Segment by Vehicle Type - Passenger Vehicles: UAE operates a large active passenger vehicle parc. As a result, this sector's lubricant consumption accounts for the highest share in the overall lubricant market.
• Fastest Segment by Vehicle Type - Commercial Vehicles: The resurgence in economic activity, supported by the need for engine oils for the existing fleet in UAE, is likely to drive the demand for commercial vehicle lubricants.
• 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: In UAE, the predicted rebound in automotive vehicle imports and sales beginning in 2021 is expected to increase the grease consumption at a steady rate in the coming years.

Key Market Trends

Largest Segment By Vehicle Type: Passenger Vehicles

• 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.

Competitive Landscape

The Uae Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 71.26%. The major players in this market are ADNOC, Emirates Lube Oil Co. Ltd, EPPCO Lubricants, Royal Dutch Shell PLC and TotalEnergies (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support