Iran Passenger Vehicles Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026
The Iran Passenger Vehicles Lubricants Market size is estimated at 374.17 Million Liters in 2024, and is expected to reach 391.56 Million Liters by 2026, growing at a CAGR of 2.30% during the forecast period (2024-2026).
Key Highlights
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and shorter drain intervals, as it is used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : In Iran, the predicted rebound in passenger vehicle imports and sales beginning in 2021 is expected to increase grease consumption at a healthy rate in near future.
Iran Passenger Vehicles Lubricants Market Trends
Largest Segment By Product Type : Engine Oils
- Passenger vehicles (PVs) is the largest segment in terms of automotive lubricant consumption in Iran. During 2015-2019, the PV lubricant consumption grew at a CAGR of 3.06% primarily owing to the surge in the car popualtion of the country.
- In 2020, PVs accounted for about 67% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in the PV lubricant consumption, with a share of over 94% during the year. During 2020, PV lubricants consumption declined by 7.4% due to the lower usage of the vehicle fleet post COVID-19 outbreak.
- During 2021-2026, the greases segment is projected grow at a steady rate exhibiting a CAGR of 2.47%. This growth is likely to be driven by rise in sales of passenger cars (both new and used), and recovery in average distance travelled in the country.
Iran Passenger Vehicles Lubricants Industry Overview
The Iran Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 84.18%. 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 Addinol
- 5.3.2 AZAR RAVAN SAZ (Petronol)
- 5.3.3 Behran Oil Company
- 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 Zarrin Oil
- 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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