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. According to MarkNtel Advisors Study.
UAE Automotive Lubricants Market 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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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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UAE Automotive Lubricants Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- 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
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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 looking forward to strengthening their market positions.
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