According to the report by Expert Market Research (EMR), the Saudi Arabia Automotive Engine Oils Market Size reached a value of USD 66.25 million in 2023. Aided by the dynamic shifts in the automotive industry and evolving consumer preferences, the market is projected to grow at a CAGR of 2.40% between 2024 and 2032 to reach a value of USD 824.55 million by 2032.
Automotive engine oils are crucial for the efficient operation of vehicle engines, offering lubrication that reduces wear, minimises heat accumulation, and extends engine life. The demand for high-quality engine oils is rising in Saudi Arabia, reflecting the country’s hot climate, which imposes significant stress on vehicle engines.
Saudi Arabia’s automotive market is expanding due to increasing disposable income and the easing of driving restrictions for women, which has led to a rise in vehicle ownership. This increase in automotive sales directly boosts the demand for engine oils. Moreover, the introduction of advanced engine oil formulations that offer better protection against wear and tear, improve fuel efficiency, and reduce oil change intervals is attracting consumers seeking to maximise their vehicle’s performance and lifespan. This is expected to drive the Saudi Arabia automotive engine oils market expansion.
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Rapid urbanisation and robust economic growth are enhancing consumer mobility needs, subsequently driving the demand for automotive lubricants. Moreover, the Saudi government’s stringent environmental regulations are pushing manufacturers to develop engine oils that comply with these standards, thereby fostering innovations in environmentally friendly and high-performance products.
Several trends are shaping the Saudi Arabia automotive engine oils market development. The trend of ‘Do It Yourself’ (DIY) car maintenance is growing among consumers, influenced by digital platforms that offer educational content on vehicle upkeep. This trend is promoting higher direct consumer purchases of engine oils.
The expansion of commercial activities and logistics in Saudi Arabia due to economic diversification plans under Vision 2030 is increasing the demand for commercial vehicles, which, in turn, boosts the market.
There is a noticeable shift from conventional mineral oils to synthetic oils, which provide enhanced lubrication, better temperature stability, and longer oil life, particularly beneficial in the Saudi desert climate. This is one of the key Saudi Arabia automotive engine oils market trends.
Despite the optimistic growth prospects, the market faces challenges. The volatility in global oil prices affects the cost of raw materials for engine oils, impacting the market stability and pricing strategies of manufacturers. Moreover, the presence of counterfeit engine oils in the market poses a risk to engine health and challenges brand reputations, necessitating strict monitoring and quality control measures.
As per the Saudi Arabia automotive engine oils market analysis, Riyadh, the capital and economic hub of Saudi Arabia, anchors the Central Region’s engine oil market. This area experiences a significant demand for both passenger and commercial vehicle lubricants due to its high population density and vast number of economic activities. The presence of governmental and corporate headquarters in Riyadh also stimulates demand for high-performance, premium engine oils. Moreover, the extreme temperatures in this desert region heighten the need for oils that offer excellent thermal stability and oxidation resistance.
The Eastern Province, known for its oil production and petrochemical industries, is a crucial market for automotive engine oils. The heavy industrial activity necessitates robust lubricants capable of handling harsh operational conditions. The proximity to major export facilities also influences the market dynamics, with a substantial portion of engine oils potentially directed towards international markets. The humid coastal climate adds another layer of consideration, as it requires lubricants that can prevent corrosion-related issues in vehicles.
The Saudi Arabia automotive engine oils market is poised for continued growth in the forecast period, supported by technological innovations, regulatory frameworks, and evolving consumer preferences. As the market adapts to these changes, companies that focus on quality, innovation, and strategic market expansion are likely to emerge as leaders in this evolving landscape. This forecast period presents a pivotal opportunity for stakeholders to capitalise on the burgeoning demand and navigate the challenges to steer the market toward sustainable growth.
Saudi Arabia Automotive Engine Oils Market Segmentation
The market can be divided based on grade, engine type, and vehicle type.
Market Breakup by Grade
- Mineral
- Semi-Synthetic
- Fully-Synthetic
Market Breakup by Engine Type
- Gasoline
- Diesel
- Alternative Fuels
Market Breakup by Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy-Duty Vehicles
- Motorcycles
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Competitive Landscape of Saudi Arabia Automotive Engine Oils Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Saudi Arabia automotive engine oils market. Some of the major players explored in the report by Expert Market Research are as follows:
- BP PLC
- Exxon Mobil Corporation
- FUCHS Group
- Chevron Corporation
- TotalEnergies SE
- Motul
- Ravensberger Schmierstoffvertrieb GmbH
- PETRONAS Lubricants International
- BIZOL Germany GmbH
- Others
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