Iran Commercial Vehicles Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026
The Iran Commercial Vehicles Lubricants Market size is estimated at 101.25 Million Liters in 2024, and is expected to reach 105.64 Million Liters by 2026, growing at a CAGR of 2.14% during the forecast period (2024-2026).
Key Highlights
- Largest Segment by Product Type - Engine Oils : Due to its high volume requirements and shorter drain intervals in different types of commercial vehicles, engine oil is the leading product type, in terms of consumption.
- Fastest Segment by Product Type - Greases : The expected recovery in commercial vehicle sales and production in Iran from 2021 is likely to drive the demand for transmission oils during in the coming years.
Iran Commercial Vehicles Lubricants Market Trends
Largest Segment By Product Type : Engine Oils
- In Iran, commercial vehicles (CV) forms the second largest segment in terms of automotive lubricant consumption. During 2015-2019, lubricant consumption grew at a CAGR of 3% in the CV segment. The growth was majorly driven by the growing freight ransportation in the country.
- The commercial vehicle lubricant consumption declined by 6.8% as COVID-19 affected the freight transportation, in 2020. The engine oil segment accounts for around 87% share in the CV lubricant consumption. A major decline of 7.68% was observed in the consumption of greases in CV segment during the year.
- During 2021-2026, the greases segment is likely to be the fastest-growing product type, exhibiting a CAGR of 4.24%. The recovery in usage activity, and sales of commercial vehicles is likely to drive the consumption of greases over the coming years.
Iran Commercial Vehicles Lubricants Industry Overview
The Iran Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 86.27%. 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 Product Type
- 4.1.1 Engine Oils
- 4.1.2 Greases
- 4.1.3 Hydraulic Fluids
- 4.1.4 Transmission & Gear Oils
- 5 Competitive Landscape
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
- 5.3 Company Profiles
- 5.3.1 AZAR RAVAN SAZ (Petronol)
- 5.3.2 Behran Oil Company
- 5.3.3 FUCHS
- 5.3.4 Ghatran Kaveh Motor Oil Co.
- 5.3.5 Iranol Oil Company
- 5.3.6 LIQUI MOLY
- 5.3.7 Pardis Engine Oil Company
- 5.3.8 Pars Oil Company
- 5.3.9 Sepahan Oil Company
- 5.3.10 TotalEnergies
- 6 Appendix
- 6.1 Appendix-1 References
- 6.2 Appendix-2 List of Tables & Figures
- 7 Key Strategic Questions for Lubricants CEOs
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook