The International Engine Oil Brand UAE market is projected to grow by a compound annual rate of 1.5% to 2% during the next four years, according to a forecast that predicts North UAE’s demand – due mostly to Mexico – will grow at the highest rate over that time. North UAE and South UAE together accounted for just fewer than 20% of global diesel engine oil UAE demand in 2019. Which pegs that global demand at between 1.5 million and 1.6 million tons?
The company predicted that global demand for oils used in gear engine oil UAE, scooters and mopeds demand will slip to as low as 1.3 million tons in 2020 due to the COVID-19 pandemic’s impacts. For 2020, “the degree of decrease in different countries will depend on how severely the pandemic affected the economy, the duration of lockdown and the kind of services that were considered non-essential during period of lockdown.” Though, that demand should recover in 2021.
The study covered factory and service-fill lubricants used in two-wheelers and excluded lubes used in three-wheelers, all-terrain vehicles and snowmobiles. Ninety-five percent of the hydraulic engine oils used in two-wheelers is four-stroke engine oils. Other types of lubricants used in two-wheelers include fork oil suspension oil, greases, chain oil and gear oil.
In the business use category, those two wheelers are used for commercial purposes like food delivery, bike taxies and rentals. Depending on the size and ownership of the vehicle fleet, servicing is done either on site or by specialty repair shops. Riders of such vehicles are not very brand conscious but are definitely quality conscious and like to purchase quality lubricants that are cost effective to them.
The industrial lubricants UAE oils market is highly fragmented, technolubeuae noted, with a large number of smaller suppliers accounting for about half of global demand in 2019. The leading suppliers don’t have a very large share in this overall market. Technolubeuae is the leading supplier because it is present in most of the [diesel engine oil UAE] consuming countries. Similarly, Technolubeuae has a presence as diesel engine oil supplier in many markets. “Both these companies focus on innovative products, marketing and offer from time to time promotions to their customers and invest in advertising. All these activities make these companies the two leading suppliers to this market.” Contact technolube today.
