According to Markntel Advisors Report, UAE Automotive Lubricants Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Automotive lubricants are fluids made up of base oils and additives that are designed to reduce friction between the moving parts of vehicles such as engines transmissions, etc. These lubricants are designed to protect vehicle components by minimizing friction and increasing overall efficiency and longevity. Lubricants also serve as a noise-canceling cushion, coolant, and sealant between the engine piston rings and the cylinder walls.
Global UAE Automotive Lubricants Market Research Report Summary:
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.
Time Period Captured in the Report:
- Historical Years: 2019-22
- Base Years: 2023
- Forecast Years: 2024-30
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Who are the Key Players Operating in the UAE Automotive Lubricants Market?
The top companies of the UAE Automotive Lubricants Market ruling the industry are:
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
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What is Included in UAE Automotive Lubricants Market Segmentation?
The UAE Automotive Lubricants Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-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)
-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)
-By Region
-Dubai
-Abu Dhabi Al Ain
-Sharjah Northern Emirates
Explore the Complete UAE Automotive Lubricants Market Analysis Report – https://www.marknteladvisors.com/research-library/uae-automotive-lubricants-market.html
Global UAE Automotive Lubricants Market Driver:
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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