Qatar Passenger Vehicles Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026

Qatar Passenger Vehicles Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026

The Qatar Passenger Vehicles Lubricants Market size is estimated at 13.96 Million Liters in 2024, and is expected to reach 15.11 Million Liters by 2026, growing at a CAGR of 4.04% 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 - Greases : Recovery in the sales of new vehicles along with expected growth in the usage and sales of used imported vehicles are likely to augment the grease consumption in near future.

Qatar Passenger Vehicles Lubricants Market Trends

Largest Segment By Product Type : Engine Oils

• In Qatar, passenger vehicles (PVs) is the second-largest vehicle type in terms of automotive lubricant consumption. During 2015-2019, the PV lubricant consumption grew with a CAGR of 4.18% primarily owing to the surge in the car popualtion of the country.
• In 2020, PVs accounted for about 39.62% 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 around 76% during the year. During 2020, PV lubricants consumption declined by 8.33% due to the lower usage of the vehicle fleet post COVID-19 outbreak.
• During 2021-2026, the grease segment is likely to be the fastest-growing lubricant type at a CAGR of 5.49%. This growth is likely to be driven by rise in sales of passenger cars and recovery in average distance travelled in the country.

Qatar Passenger Vehicles Lubricants Industry Overview

The Qatar Passenger Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 54.65%. The major players in this market are ExxonMobil Corporation, Qatar Lubricants Company (QALCO), Royal Dutch Shell PLC, TotalEnergies and Valvoline Inc. (sorted alphabetically).

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