According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on UAE Automotive Lubricants Market - Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.
UAE Automotive Lubricants Market Analysis and Size
The UAE Automotive Lubricants Market size is estimated to grow at a CAGR of around 3.1% during the forecast period, i.e., 2024-30.
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Some of the major players operating in the UAE Automotive Lubricants Market are Shell UAE, ADNOC, Chevron Alkhalij, Gulf Oil International Ltd., Fuchs Oil Middle East Ltd., Exxon Mobil Corporation, British Petroleum, Valvoline Middle East & Africa, Total Energies, Oscar Lubricants LLC, EPPCO Lubricants, Others.
UAE Automotive Lubricants Market Growth Driver:
Escalating Commercial Vehicle Fleet Supporting the Market Demand – The UAE is witnessing economic development owing to increased tourism and mega infrastructure projects. As a result, the demand for transportation services has increased in the country, which in turn is leading to a substantial increase in the number of commercial and private vehicles. For Instance,
- In 2022, CAFU, the car service in UAE increased its headcount by 30% owing to increasing consumer demand in the country.
This growing automotive fleet requires regular maintenance, including lubrication, to ensure optimal performance and longevity. This is paving the way for the automakers to invest & bring better quality lubricants for the vehicles. Consequently, the automotive lubricant market in the UAE experienced robust growth in recent years, with lubricant manufacturers and suppliers catering to the needs of this expanding vehicle population
Furthermore, the ambitious projects outlined in initiatives like Abu Dhabi Vision 2030 and the National Programme for Infrastructure Development are set to amplify construction activities in the coming years. The construction of mega projects such as Burj Binghatti Residential Tower, Sharjah Floating Theatre, etc., are expected to elevate the utilization of construction vehicles and machinery, consequently escalating the demand for automotive lubricants in the forthcoming years.
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Market Segment and Geographical Analysis
By Type
- Engine Oil- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Gear Oil- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Transmission Fluids- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Brake Fluids- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Greases- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Coolants & Antifreezes- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Others (Additives, Oil Benders, etc.) - Market Size & Forecast 2019-2030F, (Thousand Tons)
By Base Oil
- Mineral Oil Lubricants- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Synthetic Lubricants- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Bio Lubricants- Market Size & Forecast 2019-2030F, (Thousand Tons)
By Vehicle Type
- Two-Wheelers- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Passenger Cars- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Commercial Vehicles- Market Size & Forecast 2019-2030F, (Thousand Tons)
By Region
- Dubai
- Abu Dhabi & Al Ain
- Sharjah & Northern Emirates
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