Iran Automotive Engine Oils - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026
The Iran Automotive Engine Oils Market size is estimated at 522.45 Million Liters in 2024, and is expected to reach 545.92 Million Liters by 2026, growing at a CAGR of 2.22% during the forecast period (2024-2026).
Key Highlights
- Largest Segment by Vehicle Type - Passenger Vehicles : The passenger vehicle segment is the largest market for automotive engine oils in Iran due to the large active passenger vehicle parc, sales volumes, and usage activity.
- Fastest Segment by Vehicle Type - Motorcycles : Following the COVID-19 outbreak, there has been a dramatic increase in used motorcycle sales in Iran, which is likely drive engine oil consumption in the next few years.
Iran Automotive Engine Oils Market Trends
Largest Segment By Vehicle Type : Passenger Vehicles
- In Iran, engine oils accounted for about 93% of overall automotive lubricants in 2020. During 2015-2019, engine oil consumption increased at a CAGR of over 2.5%. The growing active vehicle fleet in the country was the key driver for this trend.
- In 2020, the COVID-19 outbreak led to a massive decline in the usage rate of the existing vehicle fleets in the country, which led to 7.28% dip in engine oil consumption. Passenger vehicle (PV) segment recorded the largest decline of 7.65% in engine oil consumption during the year, over 2019.
- During 2021-2026, the motorcycles segment is expected to register highest growth of 3.41% in the engine oil consumption, followed by PV segment (2.34%). The growth in motorcycles segment is likely to be driven by strong demand for mopeds and motorcycles in the country over the next five years.
Iran Automotive Engine Oils Industry Overview
The Iran Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 83.46%. The major players in this market are Behran Oil Company, Iranol Oil Company, Pardis Engine Oil Company, Pars Oil Company and Sepahan Oil Company (sorted alphabetically).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
- 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 Grade
- 5 Competitive Landscape
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
- 5.3 Company Profiles
- 5.3.1 Addinol
- 5.3.2 AZAR RAVAN SAZ (Petronol)
- 5.3.3 Behran Oil Company
- 5.3.4 FUCHS
- 5.3.5 Ghatran Kaveh Motor Oil Co.
- 5.3.6 Iranol Oil Company
- 5.3.7 LIQUI MOLY
- 5.3.8 Pardis Engine Oil Company
- 5.3.9 Pars Oil Company
- 5.3.10 Sepahan Oil Company
- 6 Appendix
- 6.1 Appendix-1 References
- 6.2 Appendix-2 List of Tables & Figures
- 7 Key Strategic Questions for Lubricants CEOs
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