Qatar Automotive Engine Oils - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026
The Qatar Automotive Engine Oils Market size is estimated at 25.02 Million Liters in 2024, and is expected to reach 26.31 Million Liters by 2026, growing at a CAGR of 2.55% during the forecast period (2024-2026).
Key Highlights
- Largest Segment by Vehicle Type - Commercial Vehicles : The average engine oil capacity of heavy-duty trucks and buses was high, resulting in the commercial vehicle (CV) sector consuming the highest engine oil in Qatar.
- Fastest Segment by Vehicle Type - Motorcycles : Following the COVID-19 outbreak, there has been a dramatic increase in used motorcycle sales in Qatar, which could drive engine oil consumption in the motorcycle market.
Qatar Automotive Engine Oils Market Trends
Largest Segment By Vehicle Type : Commercial Vehicles
- In Qatar, engine oils accounted for about 77% of automotive lubricants in 2020. During 2015-2019, engine oil consumption increased at a CAGR of 2.4%. The growing active vehicle fleet and increasing service needs in the country were the key drivers 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 a 8.16% dip in engine oil consumption. Passenger Vehicles (PV) segment recorded the largest decline of 8.54% in engine oil consumption during the year.
- During 2021-2026, the motorcycles segment is expected to register highest growth of about 9.3% in the engine oil consumption, followed by PV segment (4.06%). The growth is likely to be driven by increasing demand for mopeds and motorcycles in the country over the next five years.
Qatar Automotive Engine Oils Industry Overview
The Qatar Automotive Engine Oils Market is moderately consolidated, with the top five companies occupying 50.23%. The major players in this market are ExxonMobil Corporation, Qatar Lubricants Company (QALCO), Royal Dutch Shell PLC, TotalEnergies and Valvoline Inc. (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 BP PLC (Castrol)
- 5.3.2 Chevron Corporation
- 5.3.3 Dana Lubricants Factory LLC
- 5.3.4 ExxonMobil Corporation
- 5.3.5 Gulf Continental Oil and Grease Factory (GulfCon)
- 5.3.6 Lucas Oil Products, Inc.
- 5.3.7 Qatar Lubricants Company (QALCO)
- 5.3.8 Royal Dutch Shell PLC
- 5.3.9 TotalEnergies
- 5.3.10 Valvoline Inc.
- 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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