Global GCC Off-Highway Construction Equipment Lubricants Market by Product (Gear Oil, Hydraulic Fluid, Transmission Fluid, Heavy-Duty Engine Oil, Greases) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

GCC off-highway construction equipment oil lubricants market was worth USD 745.8 millions in 2018. It is expected to grow at 4.8% CAGR between 2019 and 2025. The regional market will be driven by a growing demand for heavy-duty motor oils, transmission fluids and gear oils. The rapid industrialization and urbanization has also contributed to an increase in the sales of construction equipment. The GCC region will reflect the rapid and continuous sales in construction equipment lubricants, owing to significant infrastructure investment.

The Association of Southeast Asian Nations has seen a significant increase in heavy machinery exports to the GCC region. This is due to large foreign investments in the region, which will be used for future infrastructural projects. The ASEAN region is the second largest importer of heavy-duty machinery from the region. The main consumers of heavy-duty oil and gear are road construction projects and agricultural machinery. Market growth is expected to be boosted by the implementation of federal programs for reconstruction and development of different sectors, including transportation, roadway infrastructure and residential housing. Industry development will also be supported by agricultural support and increased investments in the sector.

Many advanced technologies have been implemented in this product segment, including lubricating grease that contains ash-free ingredients, thickener matrix to increase "spray off", properties of Lubricants, as well as lithium and calcium soaps for improved water resistance. Due to the increasing demand for technology, there was a lot of construction work in the province. Stringent policies and environmental regulations enforced by governments throughout the GCC are driving the building equipment lubricant industry. M/38 requires a license to transport lubricants in Saudi Arabia.

ExxonMobil and British Petroleum have developed specific lubricants for their applications, which will help boost the market. The market will also be driven by growing demand and preference for bio-based lubricants. Regional governments and regulatory bodies have taken steps to promote bio-based products and increase awareness of their minimal environmental impact. Regional formulators are subject to these regulations as an effort to create a cleaner environment and encourage market expansion.

Product Insights

Heavy-duty oil prevents friction between parts of the engine, reduces wear and tear, seals the gap and prevents corrosion. They are also resistant to heat fluctuations, which ensures the engine's smooth operation and efficiency. These oils have high-performance activities that help clean the engine for a longer drain time. It also helps to prevent the buildup of soot and deposits.

Transmission fluids are used for the operation of valves, brake band friction and gear lubrication in both manual and automatic transmissions in the heavy-construction equipment. They offer many benefits such as reduced wear, increased temperature range and conditioning gaskets. Hydraulic oils are synthetic or mineral-grade base oils.

These fluids are used to prevent rust and wear and tear and can be combined with additives such as mono ethylene glycols and organophosphate ester. Segment growth will be aided by the improved hydraulic fluids' ability to withstand extreme pressure and temperatures. Grease has exceptional properties. They allow parts to move freely at extreme temperatures without restriction and prevent moisture contamination. They are also compatible with elastomer seals, ensuring that various parts of automobiles perform well and run efficiently.

Grease grade is determined by the working environment and geographical conditions. NLGI 1 is recommended in colder areas for better pumpability. Gear oil reduces engine overheating and provides proper clutch friction. It also improves transmission efficiency. High sales of gear oils were evident in the region to meet rising demand for heavy cargo vehicles such as trucks and construction machinery which includes bulldozers and excavators. They help improve engine performance by smoothly transmitting the lubricants within the gear trains.

Regional Insights

The Russian economy is a significant influence on the industry. Any fluctuations in Russia's housing and construction sector have an immediate impact on the GCC's construction market. The overall demand for lubricants has declined due to falling world oil prices, economic sanctions against Russia, and the instabilities in Russia's political and economic environment. However, the Russian industrial sector was stable due to an increase in manufacturing activity and a shift towards allies with oil-exporting countries, which contributed to the increase in industrial output.

Saudi Arabia is the fastest-growing region that has transformed the construction industry in the GCC. This is due to the continued rise in heavy machinery lubricants consumption as a result of several pipeline projects such as the KA CARE Renewable Energy Program.

Qatar National Vision 2030 is driving Qatar's construction growth. The FIFA World Cup will cost USD 30 billion. The country's economic growth is driven by continued spending by its government. 25% of total spending for fiscal year 2016 was to fund infrastructure projects. Between 2016 and 2022, the government plans to invest USD 200 Billion in infrastructure projects.

The country is currently implementing new laws to enable PPP models and create a framework that allows for efficient delivery of projects. Between 2010 and 2016, investments in infrastructure and housing were valued at USD 27 million. For the next ten year, PPP models will generate USD 30 billion in investments. As Qatar prepares for the largest sporting event, the market for earthmoving equipment will grow.

Market growth will also be supported by the implementation of infrastructure and building projects such as Abu Dhabi Vision 2030 2030 and Dubai Expo 2020. The UAE government has plans to construct 17 projects, with an investment of USD410 million. The ministry of public work is actively working on 148 housing units as well as 26 complexes across all emirates. Investing has increased in Dubai as a result of the municipality's vision for making the city sustainable by 2021.

Oman's government plans to diversify its economy by investing USD 50 million in infrastructure projects over 15 years, to reduce oil dependence. Tourism and travel will grow, which will help to develop the industry. By 2020, 175,000 units of government-funded housing are expected to be in demand. The Kuwait Development Plan actively seeks PPP agreements to structure affordable homes, hospitals, educational institutes, airports, and other facilities.

These factors will likely contribute to market growth over the next few years. Bahrain is the GCC country with the highest ASEAN heavy machinery exports. The announcement of several major projects that are not residential in nature has helped to improve the outlook for the construction industry. Nearly 53,000 social housing projects will be approved in the country.

Market Share Insights & Key Companies

Due to active government participation and increased investments in infrastructure projects (e.g. commercial spaces, residential complexes and educational and healthcare facilities), the regional market will experience rapid growth. Major companies are focusing on expanding and implementing operational strategies to expand their operations in the GCC.

Numerous dynamic oil and gas multinationals such as Total UAE and Shell, Sinopec UAE and ExxonMobil Corporation have integrated lubricants manufacturers that provide a steady and continuous supply to the formulators and mineral oil producers of lubricants for construction and off-highway machinery.

GCC Off-Highway Construction Equipment Lubricants Market Scope

The Report Covers Certain Segments

This report forecasts volume and revenue growth at the country and regional levels. It also provides analysis of industry trends for each sub-segment from 2014-2025. Grand View Research has divided the GCC off-highway construction equipment oil lubricants market report by product and region.

• Product Outlook (Volume of Kilotons; Revenues, USD Millions, 2014-2025)

  • Oils for heavy-duty engines

  • Transmission Fluids

  • Hydraulic Fluids

  • Greases

  • Gear oils

  • Other

• Regional Outlook (Volume of Kilotons; Revenues, USD Millions, 2014-2025)

  • GCC

    • Saudi Arabia

    • Qatar

    • UAE

    • Oman

    • Kuwait

    • Bahrain

These are the most frequently asked questions about this report

b. GCC off-highway construction equipment oil lubricants market was valued at USD 779.2 millions in 2019, and is forecast to grow to USD 814.9 in 2020.

b. GCC off-highway construction equipment oil lubricants market will grow at a compound annual rate of 4.8% between 2019 and 2025, to reach USD 1,033.4 Million by 2025.

b. With a 53.2% share in 2019, Heavy Duty Engine Oils dominated GCC off-highway construction equipment oil lubricants. Their ability to reduce friction between engine components, minimize wear and tear, prevent corrosion, and reduce dust accumulation are some of the reasons.

b. Shell, Total UAE, Shell and Sinopec UAE are some of the key players in the GCC off highway construction equipment lubricants marketplace. Idemitsu Kosan is another.

b. b.

Up Market Research published a new report titled “GCC Off-Highway Construction Equipment Lubricants Market research report which is segmented by Product (Gear Oil, Hydraulic Fluid, Transmission Fluid, Heavy-Duty Engine Oil, Greases), By Players/Companies Shell, Total UAE, Sinopec UAE, ExxonMobil Corporation, Idemitsu Kosan”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global GCC Off-Highway Construction Equipment Lubricants Market Report Segments:

The market is segmented by Product (Gear Oil, Hydraulic Fluid, Transmission Fluid, Heavy-Duty Engine Oil, Greases).

GCC Off-Highway Construction Equipment Lubricants Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the GCC Off-Highway Construction Equipment Lubricants Market

Overview of the regional outlook of the GCC Off-Highway Construction Equipment Lubricants Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The GCC Off-Highway Construction Equipment Lubricants Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of GCC Off-Highway Construction Equipment Lubricants Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Gear Oil

                2. Hydraulic Fluid

                3. Transmission Fluid

                4. Heavy-Duty Engine Oil

                5. Greases

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the GCC Off-Highway Construction Equipment Lubricants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the GCC Off-Highway Construction Equipment Lubricants Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.