Market Size of Morocco 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) | 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.