Africa Passenger Vehicles Lubricants Market Trends

Statistics for the 2023 & 2024 Africa Passenger Vehicles Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Africa Passenger Vehicles Lubricants trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Corporate License

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Market Trends of Africa Passenger Vehicles Lubricants Industry

This section covers the major market trends shaping the Africa Passenger Vehicles Lubricants Market according to our research experts:

Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>

  • The lubricant consumption in the African passenger vehicle (PV) market recorded a CAGR of 2.6% from 2015-2019. Engine oil was the dominating lubricant product type in this sector, accounting for a share of over 82% in lubricant consumption by this sector in 2020. Engine oil was followed by transmission oils, which accounted for 9.3% of the lubricant consumption in 2020.
  • In 2020, post the COVID-19 pandemic, the usage of passenger cars significantly dropped due to the restrictions put in place as a response to the pandemic. As a result, automotive lubricant consumption in this sector fell by nearly 5.8% compared to 2019.
  • The expected recovery in production and sales of new passenger vehicles is likely to drive the lubricant consumption in this sector. As a result, PV lubricant consumption is expected to record a CAGR of 5.69% during 2021-2026.
Africa Passenger Vehicles Lubricants Market

Largest Country : <span style="font-family: 'regular_bold';color:#0e7db3;">South Africa</span>

  • In Africa, lubricant consumption in passenger vehicles (PVs) was the highest in South Africa, which accounted for 22% of the total PV lubricant consumption in the region, followed by Egypt and Nigeria, which accounted for shares of 17.9% and 17.2%, respectively.
  • In 2020, the declined usage of the passenger vehicle fleet after the COVID-19 pandemic negatively affected the PV lubricant consumption across the region. Egypt was the most affected as it witnessed an 8.2% drop in consumption during 2019-2020, followed by South Africa (a 7.95% drop).
  • During 2021-2026, Morocco is expected to be the fastest-growing PV lubricant market. The consumption is likely to record a CAGR of 6.05%, followed by South Africa and Egypt, which are expected to register a CAGR of 3.45% and 2.98%, respectively.
Africa Passenger Vehicles Lubricants Market

Africa Passenger Vehicles Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026