Saudi Arabia Automotive Lubricant Market By Vehicle Type (Two-Wheeler, Passenger Car, LCV, M&HCV, OTR), By Demand Category (OEM, Replacement), By Type (Mineral Based, Synthetic), By Application (Engine Oil, Transmission Oil, Hydraulic Fluids, Greases, Others), By Region, Competition Forecast & Opportunities, 2027

  • Industry : Automotive
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Saudi Arabia automotive lubricant market is anticipated to register steady growth in the forecast period, 2023-2027. The market is driven by the rise in the demand of consumers to ensure the long life of vehicles and the need to extend the lifetime and protection of automobiles. Growing disposable income of middle-class families, rapid urbanization, and road infrastructure development are accelerating the demand for vehicles. Also, the advent of synthetic lubricants and high-end investments and innovation in lubricant technology is expected to create lucrative growth opportunities for the market players in the forecast period.

Growing Automotive Industry Drives the Market Demand

The oil & gas industry is the major revenue-generating industry across the country. To diversify the income sources and generate new income sources, the government of Saudi Arabia introduced an initiative Saudi Vision 2030, with an aim to boost the economic activities in the country. They have planned to support the growth of the automotive industry by making a target for original equipment manufacturers to produce 300,000+ vehicles annually in the country between 2020 to 2030. It also plans to fuel the growth of the logistics industry by investing a significant amount in road infrastructure development under the Saudi Vision 2030. Projects including the construction of Shaikh Khalifa Bin Zayed Road, and  680 Km Saudi-Oman highway are expected to increase access to each part of the country. Also, in compliance with Saudi Vision 2030, the National Industrial Development Center (NIDC) aims to attract 3-4 original equipment manufacturers into the country. It aims to provide income tax incentives, tax exemptions, and loans at affordable rates to the new market players to support industrialization across the country. Therefore, the rise in the expenditure capacity of the consumers to buy automobiles and the favorable government policies are expected to propel the growth of Saudi Arabia automotive lubricants market over the next five years.

Advent of Synthetic Lubricants Supports the High Market Demand

Synthetic lubricants are mineral oils that have to undergo a number of treatments to improve their performance characteristics and meet the demand for modern automobile technologies. Previously, synthetic lubricants were considered to be luxury products and witnessed limited demand across the country. As of now, the ongoing technological advancements and engine technologies, along with the growing environmental concerns, are increasing the use of synthetic lubricants in automobiles. For most commercial vehicle applications greasing should be done at three-month intervals for petroleum and six month intervals for synthetics. They offer several benefits, including the longer oil drain intervals compared to mineral lubricants. Synthetic lubricants also ensure higher fuel efficiency, lower vehicle emissions, and improve hardware compatibility. The rise in awareness about the benefits of using synthetic lubricants is expected to bolster the demand for the Saudi Arabia automotive lubricants market in the coming years.


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Market Segmentation

The Saudi Arabia automotive lubricant market is segmented into vehicle type, demand category, type, application, regional distribution, and competitive landscape. Based on vehicle type, the market is divided into two-wheeler, passenger car, LCV, M&HCV, and OTR. Based on demand category, the market is divided into OEM and replacement. Based on type, the market is divided into mineral based and synthetic. Based on application, the market is divided into engine oil, transmission oil, hydraulic fluids, greases, and others. To analyze the market based on the region, the Saudi Arabia automotive lubricant market is studied in major regions namely north & central region, southern region, western region, and eastern region.

Market Players

AMSOIL Inc., BP PLC (Castrol), Chevron Corporation, Eni SpA, ExxonMobil Corporation, Fuchs Petrolub SE, Petromin Corporation, Petronas Lubricants International, Royal Dutch Shell PLC, TotalEnergies, are the major market players operating in the Saudi Arabia automotive lubricant market.


Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Vehicle Type

·         Demand Category

·         Type

·         Application

Regional scope

Northern & Central, Southern, Eastern, Western

Key companies profiled

AMSOIL Inc., BP PLC (Castrol), Chevron Corporation, Eni SpA, ExxonMobil Corporation, Fuchs Petrolub SE, Petromin Corporation, Petronas Lubricants International, Royal Dutch Shell PLC, TotalEnergies

Customization scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Saudi Arabia automotive lubricant market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Saudi Arabia Automotive Lubricant Market, By Vehicle Type:
    • Two-Wheeler
    • Passenger Car
    • LCV
    • M&HCV
    • OTR
  • Saudi Arabia Automotive Lubricant Market, By Demand Category:
    • OEM
    • Replacement
  • Saudi Arabia Automotive Lubricant Market, By Type:
    • Mineral Based
    • Synthetic
  • Saudi Arabia Automotive Lubricant Market, By Application:
    • Engine Oil
    • Transmission Oil
    • Hydraulic Fluids
    • Greases
    • Others
  • Saudi Arabia Automotive Lubricant Market, By Region:
    • Northern & Central
    • Southern
    • Eastern
    • Western

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia automotive lubricant market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Saudi Arabia automotive lubricant market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Saudi Arabia Automotive Lubricant Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Aided Brand Recall and Unaided Brand Recall

5.3.  Brand Satisfaction Level

6.    Saudi Arabia Automotive Lubricant Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value and Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Two-Wheeler, Passenger Car, LCV, M&HCV, OTR)

6.2.2.     By Demand Category (OEM, Replacement)

6.2.3.     By Type (Mineral Based, Synthetic)

6.2.4.     By Application (Engine Oil, Transmission Oil, Hydraulic Fluids, Greases, Others)

6.2.5.     By Region

6.2.6.     By Company (2021)

6.3.  Product Market Map (By Vehicle Type, By Region)

7.    Saudi Arabia Two-Wheeler Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value and Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type (Scooter, Motorcycle)

7.2.2.     By Demand Category

7.2.3.     By Type

7.2.4.     By Application

8.    Saudi Arabia Passenger Car Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value and Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type (Hatchback, Sedan, SUV/MPV)

8.2.2.     By Demand Category

8.2.3.     By Type

8.2.4.     By Application

9.    Saudi Arabia LCV Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value and Volume

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type (Pick Up Truck, Van)

9.2.2.     By Demand Category

9.2.3.     By Type

9.2.4.     By Application

10.  Saudi Arabia M&HCV Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value and Volume

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type (Truck, Bus)

10.2.2.  By Demand Category

10.2.3.  By Type

10.2.4.  By Application

11.  Saudi Arabia OTR Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value and Volume

11.2.              Market Share & Forecast

11.2.1.  By Vehicle Type (Tractors, Drills, Dozers, Excavators, Dump Trucks, Others)

11.2.2.  By Demand Category

11.2.3.  By Type

11.2.4.  By Application

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends and Developments

14.  Policy & Regulatory Landscape

15.  Saudi Arabia Economic Profile

16.  Competitive Landscape

16.1.              Company Profiles (Partial List of Leading Companies)

16.1.1.  AMSOIL Inc.

16.1.2.  BP PLC (Castrol)

16.1.3.  Chevron Corporation

16.1.4.  Eni SpA

16.1.5.  ExxonMobil Corporation

16.1.6.  Fuchs Petrolub SE

16.1.7.  Petromin Corporation

16.1.8.  Petronas Lubricants International

16.1.9.  Royal Dutch Shell PLC

16.1.10.      TotalEnergies

17.  Strategic Recommendations

Figures and Tables

Frequently asked questions

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The major segments of the Saudi Arabia automotive lubricant market are vehicle type, demand category, type, application, regional distribution, and competitive landscape.

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Based on vehicle type, the market is divided into two-wheeler, passenger car, LCV, M&HCV, and OTR. Passenger car is expected to capture the highest market share in the forecast period.

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AMSOIL Inc., BP PLC (Castrol), Chevron Corporation, Eni SpA, ExxonMobil Corporation, Fuchs Petrolub SE, Petromin Corporation, Petronas Lubricants International, Royal Dutch Shell PLC, TotalEnergies are the key players operating in the Saudi Arabia automotive lubricant market.

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Growing sales and production of electric vehicles as they do not use oil for running may hinder the market growth in the forecast period.

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Srishti Verma

Business Consultant
Press Release

Saudi Arabia Automotive Lubricant Market to be dominated by Passenger Cars through 2027

Sep, 2022

An increase in demand for commercial utility vehicles and supportive government policies for the automotive industry is driving the demand for Saudi Arabia automotive lubricant market in the forecast

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