MarkNtel Advisors recently published a detailed industry analysis of the Global UAE Automotive Lubricants Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global UAE Automotive Lubricants Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The UAE Automotive Lubricants Market size is estimated to grow at a CAGR of around 3.1% during the forecast period, i.e., 2024-30.
Key Findings in Global UAE Automotive Lubricants Market:
- Historical Analysis: 2019–2022
- Base Year: 2023
- Forecast Period: 2024–2030
Leading Market Players- Shell UAE, ADNOC, Chevron Alkhalij, Gulf Oil International Ltd., Fuchs Oil Middle East Ltd., Exxon Mobil Corporation, British Petroleum, Valvoline Middle East & Africa, Total Energies, Oscar Lubricants LLC, EPPCO Lubricants, Others
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the UAE Automotive Lubricants industry?
Escalating Commercial Vehicle Fleet Supporting the Market Demand – The UAE is witnessing economic development owing to increased tourism and mega infrastructure projects. As a result, the demand for transportation services has increased in the country, which in turn is leading to a substantial increase in the number of commercial and private vehicles. For Instance,
- In 2022, CAFU, the car service in UAE increased its headcount by 30% owing to increasing consumer demand in the country.
This growing automotive fleet requires regular maintenance, including lubrication, to ensure optimal performance and longevity. This is paving the way for the automakers to invest & bring better quality lubricants for the vehicles. Consequently, the automotive lubricant market in the UAE experienced robust growth in recent years, with lubricant manufacturers and suppliers catering to the needs of this expanding vehicle population.
Furthermore, the ambitious projects outlined in initiatives like Abu Dhabi Vision 2030 and the National Programme for Infrastructure Development are set to amplify construction activities in the coming years. The construction of mega projects such as Burj Binghatti Residential Tower, Sharjah Floating Theatre, etc., are expected to elevate the utilization of construction vehicles and machinery, consequently escalating the demand for automotive lubricants in the forthcoming years.
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What segments define the Global UAE Automotive Lubricants Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Type
- Engine Oil- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Gear Oil- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Transmission Fluids- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Brake Fluids- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Greases- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Coolants & Antifreezes- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Others (Additives, Oil Benders, etc.) - Market Size & Forecast 2019-2030F, (Thousand Tons)
According to report, In the UAE, the demand for engine oil is significantly higher.
By Base Oil
- Mineral Oil Lubricants- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Synthetic Lubricants- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Bio Lubricants- Market Size & Forecast 2019-2030F, (Thousand Tons)
By Vehicle Type
- Two-Wheelers- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Passenger Cars- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Commercial Vehicles- Market Size & Forecast 2019-2030F, (Thousand Tons)
According to report, Passenger cars are projected to hold a substantial market share in the upcoming years, driven by the augmenting ownership of vehicle fleets and the growth of tourism and car rental services.
Explore the Complete Global UAE Automotive Lubricants Market Analysis Report – https://www.marknteladvisors.com/research-library/uae-automotive-lubricants-market.html
Geographical Analysis: Global UAE Automotive Lubricants Market
By Region
- Dubai
- Abu Dhabi & Al Ain
- Sharjah & Northern Emirates
UAE Automotive Lubricants Industry Recent Development:
- In 2023: ADNOC signed an agreement with Indian fuel retailer Hindustan Petroleum Corporation Limited to explore opportunities for expanding their lubricants and allied products businesses in the UAE, India & other markets.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Global UAE Automotive Lubricants Market?
- How is the Global UAE Automotive Lubricants Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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