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Saudi Arabia Automotive Lubricants Market Size, Share, Trends, Forecast: By Grade: Mineral Oil Lubricants, Synthetic Lubricants, Semi-Synthetic Lubricants, Bio-Based Lubricants; By Product: Engine Oil, Gear Oil, Transmission Fluids, Brake Fluids, Coolants, Greases; By Vehicle Type: Passenger Vehicles, Others; Competitive Landscape; 2024-2032
Saudi Arabia Automotive Lubricants Market Outlook
The Saudi Arabia automotive lubricants market size attained approximately USD 1.15 billion in 2023. The market is estimated to grow at a CAGR of 4.10% in the forecast period of 2024-2032, reaching a value of around USD 1.65 billion by 2032.
Key Trends in the Market
Automotive lubricants refer to a fluid or a substance which is primarily used on vehicle parts to reduce friction, heat, corrosion, and wear and tear. It comes in solid, semi-solid, liquid, and gas forms and can also be used for cooling the engine.
- Growing focus on enhancing the fuel efficiency of vehicles to reduce carbon emission is one of the crucial Saudi Arabia automotive lubricants market trends. Lubricants can minimise friction and reduce fuel consumption in vehicles.
- A surge in the production of electric vehicles in the country propels the demand for EV- specific lubricants such as nanotechnology-based anti-wear and friction lubricants, ionic liquids, and low-viscosity oils, among others.
- Properties of automotive lubricants such as protection against wear and tear and increased durability also catalyses their usage in vehicles. Besides, the introduction of stringent regulations by the Saudi Arabian government to encourage the implementation of sustainable or bio-based lubricants as an alternative to petroleum-based lubricants due to the rise in environmental concerns fuels the Saudi Arabia automotive lubricants market growth.
Market Analysis
Based on grade, the market is divided into mineral oil lubricants, synthetic lubricants, semi-synthetic lubricants, and bio-based lubricants. The Saudi Arabia automotive lubricants market segmentation, on the basis of product, includes engine oil, gear oil, transmission fluids, brake fluids, coolants, and greases. Based on vehicle type, the market is categorised into passenger vehicles, commercial vehicles, and motorcycle.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Saudi Arabia automotive lubricants market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- BP PLC (Castrol)
- Exxon Mobil Corporation
- FUCHS Group
- Chevron Corporation
- TotalEnergies
- Motul
- Amsoil Inc.
- Ravensberger Schmierstoffvertrieb GmbH
- PETRONAS Lubricants International
- BIZOL Germany GmbH
- Others
Market Share by Product
Engine oil accounts for a significant portion of the Saudi Arabia automotive lubricants market share due to its high usage for ensuring smooth functioning of the vehicle by reducing wear and tear. It is also a cost-effective option and easily available at any auto repair shop, which boosts its popularity among car owners.
Furthermore, it reduces overheating of an engine by providing a protective barrier. Its compatibility with different types of vehicles such as motorcycles, commercial vehicles, and heavy-duty vehicles, among others, makes it a viable option for use in the automotive sector.
Market Share by Vehicle Type
According to the Saudi Arabia automotive lubricants market analysis, passenger vehicles account for a substantial share of the market due to the growing ownership of passenger cars. Moreover, a rise in per capita income also bolsters the demand for passenger vehicles, further accelerating the implementation of automotive lubricants. Additionally, investments in research and development by key market players for the manufacture of superior-quality automotive lubricants for passenger vehicles heighten the growth of the market.
Competitive Landscape
BP PLC (Castrol), founded in 1899 with its headquarters in London, the United Kingdom, is an oil production company. It provides oils, lubricants, fuel cards, oil and gas trading, and other lubricant applications.
Exxon Mobil Corporation is a multinational oil and gas company, founded in 1999 and based in Texas, the United States. The company provides refining and production of petroleum and natural gas as well as manufacturing of petrochemicals.
FUCHS Group, established in 1931, is a lubricant manufacturer based in Mannheim, Germany. The group provides a wide array of products such as automotive lubricants and industrial and hydraulic products, among others.
Other Saudi Arabia automotive lubricants market players include Chevron Corporation, TotalEnergies, Motul, Amsoil Inc., Ravensberger Schmierstoffvertrieb GmbH, PETRONAS Lubricants International, and BIZOL Germany GmbH, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Grade |
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| Breakup by Product |
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| Breakup by Vehicle Type |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Automotive Lubricants Market Overview
8.1 Key Industry Highlights
8.2 Global Automotive Lubricants Historical Market (2018-2023)
8.3 Global Automotive Lubricants Market Forecast (2024-2032)
8.4 Global Automotive Lubricants Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Saudi Arabia Automotive Lubricants Market Overview
9.1 Key Industry Highlights
9.2 Saudi Arabia Automotive Lubricants Historical Market (2018-2023)
9.3 Saudi Arabia Automotive Lubricants Market Forecast (2024-2032)
10 Saudi Arabia Automotive Lubricants Market by Grade
10.1 Mineral Oil Lubricants
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Synthetic Lubricants
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Semi-Synthetic Lubricants
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Bio-Based Lubricants
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Saudi Arabia Automotive Lubricants Market by Product
11.1 Engine Oil
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Gear Oil
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Transmission Fluids
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Brake Fluids
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Coolants
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Greases
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
12 Saudi Arabia Automotive Lubricants Market by Vehicle Type
12.1 Passenger Vehicles
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Commercial Vehicles
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Motorcycle
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 BP PLC (Castrol)
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Exxon Mobil Corporation
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 FUCHS Group
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Chevron Corporation
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 TotalEnergies
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Motul
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Amsoil Inc.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Ravensberger Schmierstoffvertrieb GmbH
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 PETRONAS Lubricants International
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 BIZOL Germany GmbH
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Lubricants Market: Key Industry Highlights, 2018 and 2032
2. Saudi Arabia Automotive Lubricants Market: Key Industry Highlights, 2018 and 2032
3. Saudi Arabia Automotive Lubricants Historical Market: Breakup by Grade (USD Billion), 2018-2023
4. Saudi Arabia Automotive Lubricants Market Forecast: Breakup by Grade (USD Billion), 2024-2032
5. Saudi Arabia Automotive Lubricants Historical Market: Breakup by Product (USD Billion), 2018-2023
6. Saudi Arabia Automotive Lubricants Market Forecast: Breakup by Product (USD Billion), 2024-2032
7. Saudi Arabia Automotive Lubricants Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
8. Saudi Arabia Automotive Lubricants Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
9. Saudi Arabia Automotive Lubricants Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 1.15 billion.
The market is projected to grow at a CAGR of 4.10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 1.65 billion by 2032.
The major market drivers are the growing production of vehicles in the country and the rising demand for reducing friction and wear and tear of automotive parts.
The key trends of the market include the increasing focus on improving the fuel economy of vehicles, the rising demand for specific EV-based lubricants, and the growing usage of automotive lubricants for reducing wear and tear.
The various products considered in the market report are engine oil, gear oil, transmission fluids, brake fluids, coolants, and greases.
The different vehicle types using automotive lubricants are passenger vehicles, commercial vehicles, and motorcycle.
The key players in the market are BP PLC (Castrol), Exxon Mobil Corporation, FUCHS Group, Chevron Corporation, TotalEnergies, Motul, Amsoil Inc., Ravensberger Schmierstoffvertrieb GmbH, PETRONAS Lubricants International, and BIZOL Germany GmbH, among others.
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