The Qatar Commercial Vehicles Lubricants Market size is estimated at 23.67 million liters in 2025, and is expected to reach 57.89 million liters by 2035, at a CAGR of 7.57% during the forecast period (2025-2035).
Our experts has advised that,Qatar, an oil-based economy, is one of the richest countries with GDP per capita being the highest in the world. With a population of only about 2.17 million, out of which almost 85% comprises expatriates, Qatar has the highest human development index amongst the Arab countries. There will be major changes with this market and one needs to know before its too late. With considerable demand for commercial vehicles emanating from oil as well as non-oil sectors, the commercial vehicle sales in the country have been witnessing growth over the last five years. The Government of Qatar is also increasing its focus on boosting the country’s tourism industry, which is catapulting demand for commercial buses in the country. According to the Qatar National Vision-2035, the Government of Qatar is aiming at transforming Qatar into a leading urban settlement by 2035, which would result in continuing growth in construction activities in the country, thereby propelling demand for commercial vehicles over the next decade.
- Largest Segment by Product Type - Engine Oils Engine oil is the leading product type due to its high volume requirements and shorter drain intervals, as it is used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Greases In Qatar, the predicted rebound in commercial vehicle imports and sales beginning in 2024 is expected to increase the consumption of greases during the next few years.
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Qatar Commercial Vehicles Lubricants Market Trends
Largest Segment By Product Type Engine Oils
- In Qatar, commercial vehicles (CVs) forms the second-largest vehicle type in terms of automotive lubricant consumption. During 2015-2019, lubricant consumption in the CV sector has been fluctuating. This can be attributed to the growing vehicle fleet along with expanding service intervals for engine oils and transmission oils.
- The commercial vehicle lubricant consumption declined by almost 11.34% as COVID-19 affected the freight transportation in 2020. The engine oil segment accounted for around 78% share in CV lubricant consumption in 2020. A major decline of 9.5% was observed in the consumption of greases in CV segment during the year.
- The grease segment is likely to be the fastest-growing segment with a CAGR of 5.19% during 2021-2029. The recovery in production and sales of commercial vehicles is likely to drive the consumption of greases in the short term.
According to “Qatar Commercial Vehicles Market Forecast & Opportunities, 2025”, the market for commercial vehicles in Qatar is forecast to increase at a CAGR of over 13% during 2015-20. Rising number of development projects coupled with growing building and construction activities is anticipated to drive the demand for medium and heavy commercial vehicles over the next few years. Moreover, hosting of FIFA World Cup-2022 by Qatar is also expected to fuel the need for sustainable infrastructure for accommodating large number of incoming tourists and sports enthusiasts in the country. This is expected to positively influence the sales of MHCVs as well as buses in coming years. “Qatar Commercial Vehicles Market Forecast & Opportunities, 2025” discusses the following aspects about commercial vehicles market in Qatar
- Qatar Commercial Vehicles Market Size, Share & Forecast
- Segmental Analysis – Light Commercial Vehicles, Medium-Heavy Commercial Vehicles & Buses
- Policy & Regulatory Landscape
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report?
- To gain an in-depth understanding of commercial vehicle market in Qatar
- To help industry consultants, automotive manufacturers and other stakeholders align their market-centric strategies
- To obtain research based business decision and add weight to presentations and marketing material
- To gain competitive knowledge of leading players
- To identify the on-going trends, and anticipated growth over the next five years
- To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs
Qatar Commercial Vehicles Lubricants Market News
- January 2023Effective April 4, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- October 2022Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.
- March 2022Castrol announced the launch of Castrol ON (a Castrol e-fluid range that includes e-gear oils, e-coolants, and e-greases) to its product portfolio. This range is specially designed for electric vehicles.
Report Methodology
The information contained in this report is based on both primary and secondary sources. Primary research included interviews with automotive distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
