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Morocco Automotive Engine Oils Market Size

Statistics for the 2023 & 2024 Morocco Automotive Engine Oils market size, created by Mordor Intelligence™ Industry Reports. Morocco Automotive Engine Oils size report includes a market forecast to 202 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Morocco Automotive Engine Oils Industry

Morocco Automotive Engine Oils Market Summary
Study Period 2015 - 2026
Base Year For Estimation 2020
Forecast Data Period 2024 - 2026
Historical Data Period 2015 - 2019
CAGR (2024 - 2026) 5.66 %
Market Concentration High

Morocco Automotive Engine Oils Market Analysis

The Morocco Automotive Engine Oils Market size is estimated at 71.64 Million Liters in 2024, and is expected to reach 79.98 Million Liters by 2026, growing at a CAGR of 5.66% during the forecast period (2024-2026).

  • Largest Segment by Vehicle Type - Passenger Vehicles : Morocco's passenger vehicle (PV) fleet consumes more than half of the country's engine oil, with 3.1 million units of PVs, and it has high engine oil replacement frequencies.
  • Fastest Segment by Vehicle Type - Motorcycles : Morocco is expected to have the fastest increase in demand for motorcycle engine oil, owing to a strong rebound in low-cost motorcycle sales and increased travel rates.

Morocco Automotive Engine Oils Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026