How big is the Africa Passenger Vehicles Lubricants Market?

The Africa Passenger Vehicles Lubricants Market size is expected to reach 550.46 million Liters in 2024 and grow at a CAGR of 3.65% to reach 591.33 million Liters by 2026. Read More

What is the current Africa Passenger Vehicles Lubricants Market size?

In 2024, the Africa Passenger Vehicles Lubricants Market size is expected to reach 550.46 million Liters. Read More

Who are the key players in Africa Passenger Vehicles Lubricants Market?

BP PLC (Castrol), Engen Petroleum Ltd, ExxonMobil Corporation, Royal Dutch Shell PLC and TotalEnergies are the major companies operating in the Africa Passenger Vehicles Lubricants Market. Read More

Which segment has the biggest share in the Africa Passenger Vehicles Lubricants Market?

In the Africa Passenger Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type. Read More

Which country has the biggest share in the Africa Passenger Vehicles Lubricants Market?

In 2024, South Africa accounts for the largest share by country in the Africa Passenger Vehicles Lubricants Market. Read More

What years does this Africa Passenger Vehicles Lubricants Market cover, and what was the market size in 2023?

In 2023, the Africa Passenger Vehicles Lubricants Market size was estimated at 512.78 million Liters. The report covers the Africa Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

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.

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

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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.