The Uae Automotive Engine Oils Market size is estimated at 83.52 Million Liters in 2024, and is expected to reach 89.76 Million Liters by 2026, growing at a CAGR of 3.67% during the forecast period (2024-2026).
Key Highlights
- Largest Segment by Vehicle Type - Passenger Vehicles : The passenger vehicle segment is the largest market for automotive lubricants in UAE due to the large active passenger vehicle parc, sales volumes, and usage activity.
- Fastest Segment by Vehicle Type - Commercial Vehicles : The forecasted rebound in commercial vehicle sales and usage in the country beginning in 2021 is likely to increase engine oil consumption levels over the next few years.
UAE Automotive Engine Oils Market Trends
Largest Segment By Vehicle Type : Passenger Vehicles
- In UAE, engine oils accounted for about 92% of automotive lubricants in 2020. During 2015-2019, engine oil consumption increased at a CAGR of around 1.8%. The growing active vehicle fleet in the country was the key driver for this trend.
- In 2020, the COVID-19 outbreak led to a massive decline in the usage rate of the existing vehicle fleets in the country, which led to 12.7% dip in engine oil consumption. Motor Cycle (MC) segment recorded the largest decline of 16.5% in engine oil consumption during the year.
- During 2021-2026, the commercial vehicles segment is expected to register highest growth of about 3.85% in the engine oil consumption, followed by motorcycles segment (2.86%). The growth is likely to be driven by increasing demand for personal mobility in the country over the next five years.
UAE Automotive Engine Oils Industry Overview
The Uae Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 71.25%. 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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