Iran Commercial Vehicles Lubricants Market Analysis
The Iran Commercial Vehicles Lubricants Market size is estimated at 103.42 million liters in 2025, and is expected to reach 114.97 million liters by 2030, at a CAGR of 2.14% during the forecast period (2025-2030).
- Largest Segment by Product Type - Engine Oils : Due to its high volume requirements and shorter drain intervals in different types of commercial vehicles, engine oil is the leading product type, in terms of consumption.
- Fastest Segment by Product Type - Greases : The expected recovery in commercial vehicle sales and production in Iran from 2021 is likely to drive the demand for transmission oils during in the coming years.
Iran Commercial Vehicles Lubricants Market Trends
Largest Segment By Product Type : Engine Oils
- In Iran, commercial vehicles (CV) forms the second largest segment in terms of automotive lubricant consumption. During 2015-2019, lubricant consumption grew at a CAGR of 3% in the CV segment. The growth was majorly driven by the growing freight ransportation in the country.
- The commercial vehicle lubricant consumption declined by 6.8% as COVID-19 affected the freight transportation, in 2020. The engine oil segment accounts for around 87% share in the CV lubricant consumption. A major decline of 7.68% was observed in the consumption of greases in CV segment during the year.
- During 2021-2026, the greases segment is likely to be the fastest-growing product type, exhibiting a CAGR of 4.24%. The recovery in usage activity, and sales of commercial vehicles is likely to drive the consumption of greases over the coming years.
Iran Commercial Vehicles Lubricants Industry Overview
The Iran Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 86.27%. The major players in this market are Behran Oil Company, Iranol Oil Company, Pardis Engine Oil Company, Pars Oil Company and Sepahan Oil Company (sorted alphabetically).
Iran Commercial Vehicles Lubricants Market Leaders
Behran Oil Company
Iranol Oil Company
Pardis Engine Oil Company
Pars Oil Company
Sepahan Oil Company
- *Disclaimer: Major Players sorted in no particular order
Iran Commercial Vehicles Lubricants Market News
- January 2021: All of Iranol's products would be available on the Iran Mercantile Exchange and Iran Energy Exchange, resulting in greater financial transparency for the company and a significant contribution to the country's financial stability.
- August 2020: Iranol Oil Co. unveiled its latest product, Euro Diesel, that is designed for use in large diesel engines and meets the Euro 5 emission standard or below.