Iran Automotive Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026
The Iran Automotive Lubricants Market size is estimated at 561.03 Million Liters in 2024, and is expected to reach 587.29 Million Liters by 2026, growing at a CAGR of 2.31% during the forecast period (2024-2026).
Key Highlights
- Largest Segment by Vehicle Type - Passenger Vehicles : Iran operates a large active diesel passenger vehicle parc. As a result, this sector's lubricant consumption accounts for the largest's share of the overall lubricant market.
- Fastest Segment by Vehicle Type - Motorcycles : Post the rebound in economic and business activity, the increasing sales and presence of used motorcycles are expected to boost the demand for motorcycle lubricants in Iran.
- 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 - Transmission Oils : In Iran, the demand for transmission oils is likely grow steadily in future due to the growing adoption of automatic transmissions in passenger and commercial vehicles.
Iran Automotive Lubricants Market Trends
Largest Segment By Vehicle Type : Passenger Vehicles
- In Iran, passenger vehicles (PV) accounted for the largest share of 58.28% in the total number of on-road vehicles in 2020, followed by motorcycles (MC) and commercial vehicles (CV), with a share of 37.8% and 3.92%, respectively.
- The PV segment accounted for the highest share of around 67% in total automotive lubricant consumption in 2020, followed by CV (18.2%) and MC (14.5%), respectively. In 2020, COVID-19 outbreak led to notable dip in lubricants consumption, where PV lubricant consumption recorded highest dip of 7.4%, followed by CV (6.8%) and MC (5.8%).
- The motorcycle segment is projected to be the fastest-growing lubricant consumer, with a CAGR of 3.41% over the period 2021-2026. The growth is expected to be driven by a recovery in low-cost moped sales and increasing penetration of Chinese motorcycle brands in the coming years.
Iran Automotive Lubricants Industry Overview
The Iran Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 83.90%. 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 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 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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