UAE Commercial Vehicles Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2021 - 2026)

The Uae Commercial Vehicles Lubricants Market size is estimated at 24.63 Million Liters in 2024, and is expected to reach 26.59 Million Liters by 2026, growing at a CAGR of 3.9% during the forecast period (2024-2026).

Key Highlights

• Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type in UAE's commercial vehicles segment, due to the higher average volume needs of the existing fleet and rising vehicle usage activities.
• Fastest Segment by Product Type - Greases : In UAE, the anticipated rebound in commercial vehicle imports, sales, and usage, beginning in 2021 is projected to drive the consumption of greases in the coming years.

UAE Commercial Vehicles Lubricants Market Trends

Largest Segment By Product Type : Engine Oils

• In UAE, commercial vehicles (CV) forms the second-largest vehicle type in terms of automotive lubricant consumption. During 2015-2019, lubricant consumption grew at a CAGR of 2.5% in CV segment. The growth was majorly driven by the growing freight ransportation in the country.
• In 2020, commercial vehicle lubricant consumption declined by 11.1% as COVID-19 affected the freight transportation. The engine oil segment accounted for around 89.6% share in CV lubricant consumption in 2020. A major decline of 11.35% was observed in the consumption of engine oils in CV segment during the year.
• During 2021-2026, the greases segment is likely to be the fastest-growing segment with a CAGR of 5.09%. The growing need for service of existing fleet along with expected boom in trade activity are likely to drive the consumption of greases over the coming years.

UAE Commercial Vehicles Lubricants Industry Overview

The Uae Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 72.24%. The major players in this market are ADNOC, Emirates Lube Oil Co. Ltd, EPPCO Lubricants, Royal Dutch Shell PLC and TotalEnergies (sorted alphabetically).

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• The market estimate (ME) sheet in Excel format
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