Market Size of Africa Passenger Vehicles Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 3.65 % |
| Market Concentration | High |
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Africa Passenger Vehicles Lubricants Market Analysis
The Africa Passenger Vehicles Lubricants Market size is estimated at 550.46 Million Liters in 2024, and is expected to reach 591.33 Million Liters by 2026, growing at a CAGR of 3.65% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Since it has high-temperature and high-pressure uses, engine oil is the most popular product type in Africa, with large volume needs and shorter drain intervals.
- Fastest Segment by Product Type - Engine Oils : In Africa, the estimated recovery in the sales and production in the automotive sector since 2021 is expected to drive the demand for engine oils during the next few years.
- Largest Country Market - South Africa : South Africa consumes the largest passenger vehicle lubricants of any African country, owing to the highest population of passenger cars (7.5 million units in 2020).
- Fastest Growing Country Market - Morocco : Morocco is the fastest growing user of passenger vehicle lubricants among the major African countries, owing to a steady increase in used car imports from France.
