Middle East & Africa Automotive Lubricants Market Size & Outlook
Middle East & Africa automotive lubricants market, 2018-2030 (US$M)
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MEA automotive lubricants market highlights
- The MEA automotive lubricants market generated a revenue of USD 1,626.0 million in 2022.
- The market is expected to grow at a CAGR of 3.4% from 2023 to 2030.
- In terms of segment, engine oil was the largest revenue generating product in 2022.
- Brake Fluids is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 1,626.0 million |
| Market revenue in 2030 | USD 2,124.2 million |
| Growth rate | 3.4% (CAGR from 2022 to 2030) |
| Largest segment | Engine oil |
| Fastest growing segment | Brake Fluids |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Greases, Engine oil, Gear oil, Transmission Fluids, Brake Fluids, Coolants |
| Key market players worldwide | Exxon Mobil Corp, BP Castrol KK, Shell PLC, Repsol SA, Sasol, Cepsa, Fuchs SE Registered Shares, LUKOIL, Indian Oil Corporation, Hindustan Petroleum Corporation Limited, Phillips 66 |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.3% of the global automotive lubricants market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 55,611.9 million by 2030.
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Automotive Lubricants Market Scope
Automotive Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa automotive lubricants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive lubricants market will help companies and investors design strategic landscapes.
Engine oil was the largest segment with a revenue share of 55.82% in 2022. Horizon Databook has segmented the Middle East & Africa automotive lubricants market based on greases, engine oil, gear oil, transmission fluids, brake fluids, coolants covering the revenue growth of each sub-segment from 2018 to 2030.
The automotive industry in GCC economies is primarily driven by the government’s favorable policies and schemes directed towards economic diversification in order to reduce dependence on oil industry. The GCC countries witness modest growth rate in 2015, Strong recovery in Jordan, Lebanon and Yemen has led to increasing penetration of reputable world-class auto manufactures across UAE, Saudi Arabia and Iran as well. These factors are anticipated to positively influence the industry growth over the forecast period.
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Target buyers of Middle East & Africa automotive lubricants market databook
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Our clientele includes a mix of automotive lubricants market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa automotive lubricants market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa automotive lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Automotive Lubricants Market Outlook Share, 2022 & 2030 (US$M)
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