Showing posts with label Saudi Arabia Lubricants Market Competition. Show all posts
Showing posts with label Saudi Arabia Lubricants Market Competition. Show all posts

Friday, April 5, 2019

Saudi Arabia Lubricants Market Outlook to 2023: Ken Research


The report titled “Saudi Arabia Lubricants Market Outlook to 2023 – By Automotive (Passenger Car Motor Oil, Heavy Duty Engine oils, Hydraulic Oils, Gear Oils & transmission, and Greases), Industrial Lubricants (Engine Oils, Turbine oils, Hydraulic oils, Industrial Gear oils, Transformer oils, Compressor Oils, Greases); By Origin (Mineral, Synthetic and Semi-Synthetic)” covers market overview, trade scenario, trends and developments, issues and challenges, SWOT analysis, competitive landscape and government regulations. The report concludes with future market projection and analyst recommendations highlighting the major opportunities and cautions.
Market Overview and Size
Saudi Arabia Lubricant market is at the maturity stage. Saudi Arabia Lubricants Market in terms of revenue has increased at a positive CAGR during the period 2008-2014, but due to the Oil slump in the year 2014-15, the growth of the market slowed down, hence the market is experiencing a negative growth during the period 2014-2018. Economies such as China, Brazil, Russia and India whose rapid growth and expansion created an unquenchable thirst for oil initially, began to slow after 2010. USA and Canada started exporting oil due to high oil prices, cut their oil imports, which further increased the supply of oil.
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Saudi Arabia's continued to supply crude oil after the fall of Oil prices in 2014 in a bid to maintain its market share with the rest of the world. The customers in the market highly price sensitive and lack of awareness about the advantages of synthetic-based lubricants over mineral-based lubricants leading to mineral oils having a higher market share. Saudi Arabia is dependent on import for Specialty lubricants and other preparatory raw materials as they constitute a niche share in the total lubricant market. The domestic demand is majorly fulfilled by global companies which produce the lubricants in the country.
Saudi Arabia Lubricant Market Segmentation:-
By Mineral, Synthetic and Semi-Synthetic
Mineral lubricants dominated the market of Saudi Arabia lubricant market in terms of domestic sales volume in the year 2018. The availability of crude oil at reasonable prices has amplified the demand for these lubricants in the country. On the other hand, Synthetic and Semi-Synthetic lubricants accounted for the remaining domestic sales volume share in the lubricant market.
Automotive Lubricants:-
By Application Type
In Automotive lubricants, Passenger Car Motor Oils had the highest market share followed by Heavy Duty Engine oils, Hydraulic Oils, Gear Oils & transmission and Greases in 2018.
By End User
The Increase in the number of passenger vehicles over the years accounted for a major share in the lubricants market followed by commercial vehicle lubricants and Marine & Aviation segments.
By Distribution Channel
The puncture shops located close to gas stations and are more in numbers than OEMs,  which accounted to the most market share in terms of domestic retail sales volume in million liters followed by company owned-company operated outlets, Auto OEM’s and others(wholesalers, retailers, and OEM service centers) in 2018.
Industrial Lubricants:-
By Application Type
In industrial Lubricants, the Engine oil dominated the market in terms of domestic sales volumes as engine oils are widely used in vehicles such as trucks, lorries, cranes and other industrial equipment. The turbine oils, Hydraulic oils industrial Gear Oils, Transformer Oils, Compressor Oils, Greases and others (specialty lubricants which are custom made like bearing and circuiting oils, rolling oils, spindle oils, slideway oils, and process oils) followed the rest of the market share in 2018.
By End Users
The construction and heavy transport/Fleet contributed to the highest domestic sales volume share in Saudi Arabia in the year 2018. This was followed by the market share contribution from Power generation sector, Manufacturing sector and others (agriculture, mining, petrochemicals, and others). The construction sector was largely driven by Saudi Arabia expansion program of non-oil sectors in Saudi Arabia Vision 2030.
By Distribution Channel
The Saudi Arabia Lubricant market in 2018 gained most of its sales through direct sales as per approval of OEM’s. The major reason is that companies do not prefer dealer networks due to their irregular payment nature.
Competitive Landscape
The Saudi Arabia Lubricant market is highly concentrated. Petromin Corporation is the market leader and has the largest market share on the basis of both domestic sales revenue and domestic production in 2018. This was followed by Shell (JOSLOC), Alhamrani-Fuchs Petroleum Saudi Arabia, Mobil (Delta Group), Castrol (Alkhorayef), Total and others. In order to gain market share, companies are partnering with major local distributors, partnering with cab and car rental services and opening a chain of service and express lube services.
Saudi Arabia Lubricant Market Future Outlook
In the future, it is anticipated the Saudi Arabian Lubricant market in terms of revenue will increase at a positive CAGR during the period 2018-2023. In Saudi Arabia, it is also expected that the demand for both Synthetic and Semi-Synthetic Lubricants will be further augmented largely due to increasing awareness of their advantages over mineral lubricants. Moreover, the increase in demand for both automotive and industrial lubricants will be observed due to the increase in sales of vehicles and industrial activity to support the Saudi Arabia Vision 2030.
Key Segments Covered:-
By Origin
Mineral
Synthetic
Semi-Synthetic
By Type of Lubricant
Automotive
Industrial
By Type of Automotive Lubricant
Passenger Car Motor Oils
Heavy Duty Diesel Engine Oils
Hydraulic Oils
Gear Oils & Transmission Fluids
Greases
By Automotive Type, End User
Passenger Vehicles
Commercial Vehicles
Marine and Aviation
Segmentation of Automotive Lubricant, By Distribution Channel
Puncture Shops
Company Owned-Operated Outlets
Auto OEM’s
Others: include wholesalers, retailers, and OEM service centers.
Segmentation of Industrial Lubricants, By Type
Engine Oils
Turbine Oils
Hydraulic Oils
Industrial Gear Oils
Transformer Oils
Compressor Oils
Greases
Others: Include specialty lubricants which are custom made like bearing and circuiting oils, rolling oils, spindle oils, slideway oils and process oils.
Segmentation of Industrial Lubricants, By End User
Construction and Heavy Transport/Fleet
Power generation
Manufacturing
Segmentation of Industrial Lubricants, By Distribution Channel
Direct Sales as per Approval of OEMs
Dealer Networks
Key Target Audience:-
Automobile Manufacturers
Plastic Manufacturers
Metal Working Companies
Auto and Auto Component Manufacturers
Construction Companies
Textile Companies
Cement Companies
Mining Companies
Paper and Pulp Manufacturers
Power Generation Companies
Steel Manufacturers
Food & Beverage Companies
Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2018-2023
Companies Covered:-
Petromin Corporation
Shell (JOSLOC)
Castrol
Alhamrani-Fuchs Petroleum Saudi Arabia
Mobil (Delta Group)
Total
Petronas (Unified Lubricants Company)
Chevron Al Bakri Lubricants Company
Raf Oil Industries
Gulf Oil Middle East Limited
Chevron AlBakri Lubricants Company (Caltex)
Haji Abdullah Alireza & Co. Ltd
United Lube Oil Company. (UNILUBE)
Amsoil
Arabian Plant for Lubricants and Greases (APLG)
United Lube Oil Company. (UNILUBE)
Yanbu United Industrial Services
Saudi Oil Company
Key Topics Covered in the Report:-
Executive Summary
Research Methodology
Value Chain Analysis
Market Overview and Genesis
Market Size, 2013-2018
Market Segmentation
Competitive Scenario
Company Profiles of Major Players
Best Selling Products
SWOT Analysis
Trends and Developments
Issues and Challenges
Trade Scenario
Regulatory Framework
Future Market Outlook and Projections, 2018-2023E
Future Market Segmentation
Analyst Recommendations
For More Information On The Research Report, Refer To Below Link:-
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