Market Size of Africa Automotive Engine Oils Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 3.39 % |
| Market Concentration | High |
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Africa Automotive Engine Oils Market Analysis
The Africa Automotive Engine Oils Market size is estimated at 1.16 Billion Liters in 2024, and is expected to reach 1.24 Billion Liters by 2026, growing at a CAGR of 3.39% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Commercial Vehicles : Due to the large average engine oil capacity of heavy-duty trucks, pickup trucks, and buses, Africa's commercial vehicle (CV) sector consumes the bulk of engine oil.
- Fastest Segment by Vehicle Type - Passenger Vehicles : Since 2020, there has been an increase in demand for used SUVs in African nations like Egypt, which is projected to increase engine oil consumption in passenger vehicles.
- Largest Country Market - Egypt : Egypt's significant lubricant consumption is attributable to the country's vehicle fleet and the growing average age of cars that require substantial lubricant usage.
- Fastest Growing Country Market - Morocco : Morocco is fastest growing automotive engine oil consumer among all African countries due to its constant growth in domestic production and motor vehicle registrations.
