Qatar Automotive Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026
The Qatar Automotive Lubricants Market size is estimated at 32.75 Million Liters in 2024, and is expected to reach 34.68 Million Liters by 2026, growing at a CAGR of 2.9% during the forecast period (2024-2026).
Key Highlights
- Largest Segment by Vehicle Type - Commercial Vehicles : The country's commercial vehicle industry has the largest lubricant consumption owing to higher average lubricant volumes, and increasing average travel rates over the years.
- Fastest Segment by Vehicle Type - Motorcycles : Following the recovery in economic and business activity, increased motorcycle sales and presence are predicted to increase demand for motorcycle lubricants in Qatar.
- 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 - Greases : In Qatar, the predicted rebound in automotive vehicle imports and sales beginning in 2021 is expected to consumption of greases at a healthy rate in near future.
Qatar Automotive Lubricants Market Trends
Largest Segment By Vehicle Type : Commercial Vehicles
- In Qatar, passenger vehicles (PV) accounted for the largest share of 69.78% in the total number of on-road vehicles in 2020, followed by commercial vehicles (CV) and motorcycles (MC), with a share of 28.35% and 1.87%, respectively.
- The CV segment accounted for the highest share of around 60% in the total automotive lubricant consumption in 2020, followed by PV (39.62%) and MC (0.08%), respectively. In 2020, COVID-19 outbreak led to notable dip in lubricants consumption, where CV lubricant consumption recorded highest dip of 8.33%, followed by PV (7.67%). Conversely, the motorcycle lubricants segment witnessed a growth of almost 5% in 2020.
- The motorcycle segment is projected to be the fastest-growing lubricant consumer, exhibiting a CAGR of 9.44% over the period 2021-2026. The growth is expected to be driven by the growing demand for high-end sports bikes and imported used bikes.
Qatar Automotive Lubricants Industry Overview
The Qatar Automotive Lubricants Market is moderately consolidated, with the top five companies occupying 52.32%. 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 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 BP PLC (Castrol)
- 5.3.2 Chevron Corporation
- 5.3.3 Dana Lubricants Factory LLC
- 5.3.4 ENEOS Corporation
- 5.3.5 ExxonMobil Corporation
- 5.3.6 Gulf Continental Oil and Grease Factory (GulfCon)
- 5.3.7 Indian Oil Corporation Limited
- 5.3.8 Lucas Oil Products, Inc.
- 5.3.9 Qatar Lubricants Company (QALCO)
- 5.3.10 Royal Dutch Shell PLC
- 5.3.11 TotalEnergies
- 5.3.12 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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