UAE Automotive Lubricants Market Size & Outlook, 2022-2030
UAE automotive lubricants market, 2018-2030 (US$M)
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UAE automotive lubricants market highlights
- The UAE automotive lubricants market generated a revenue of USD 55.6 million in 2022 and is expected to reach USD 71.8 million by 2030.
- The UAE market is expected to grow at a CAGR of 3.2% 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.
Automotive lubricants market data book summary
| Market revenue in 2022 | USD 55.6 million |
| Market revenue in 2030 | USD 71.8 million |
| Growth rate | 3.2% (CAGR from 2022 to 2030) |
| Largest segment | Engine oil |
| Fastest growing segment | Brake Fluids |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, UAE accounted for 0.1% of the global automotive lubricants market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Iran automotive lubricants market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 205.4 million by 2030.
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Automotive Lubricants Market Scope
Automotive Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UAE 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 55.04% in 2022. Horizon Databook has segmented the UAE 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.
UAE is among the fastest growing automotive markets in the world, with a high level of automation and technological innovation. The population base in the UAE is also increasing owing to the exponential increase in the number of expatriates seeking employment opportunities in the middle east. This has promoted passenger car sales, which in turn is driving lubricants consumption in the region.
All these factors are expected to collectively drive the automotive lubricants market growth across the region. Several OEMs are also taking advantage of the favorable environment and have established local manufacturing facilities in the UAE.
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Target buyers of UAE 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 country-level data and insights on the UAE automotive lubricants market , including forecasts for subscribers. This country databook contains high-level insights into UAE automotive lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE automotive lubricants market size, by product, 2018-2030 (US$M)
UAE Automotive Lubricants Market Outlook Share, 2022 & 2030 (US$M)
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