How big is the Morocco Passenger Vehicles Lubricants Market?

The Morocco Passenger Vehicles Lubricants Market size is expected to reach 49.52 million Liters in 2024 and grow at a CAGR of 6.21% to reach 55.86 million Liters by 2026. Read More

What is the current Morocco Passenger Vehicles Lubricants Market size?

In 2024, the Morocco Passenger Vehicles Lubricants Market size is expected to reach 49.52 million Liters. Read More

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

Afriquia, OLA Energy, Petrom, Royal Dutch Shell PLC and TotalEnergies are the major companies operating in the Morocco Passenger Vehicles Lubricants Market. Read More

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

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

Which is the fastest growing segment in the Morocco Passenger Vehicles Lubricants Market?

In 2024, the Greases segment accounts for the fastest growing by product type in the Morocco Passenger Vehicles Lubricants Market. Read More

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

In 2023, the Morocco Passenger Vehicles Lubricants Market size was estimated at 46.66 million Liters. The report covers the Morocco Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Morocco Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

Morocco Passenger Vehicles Lubricants Market Trends

Statistics for the 2023 & 2024 Morocco Passenger Vehicles Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Morocco 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 Morocco Passenger Vehicles Lubricants Industry

This section covers the major market trends shaping the Morocco 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>

Passenger vehicles (PVs) are the largest segment in terms of automotive lubricant consumption in Morocco. During 2015-2019, the PV lubricant consumption expanded a CAGR of 6%, primarily due to a surge in the car population in the country.
In 2020, PVs accounted for about 52% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in PV lubricant consumption, i.e., over 82%, during the year. During 2020, PV lubricant consumption declined by 2.6% due to lower usage of the vehicle fleet post the COVID-19 outbreak.
During 2021-2026, the greases segment is projected to register a healthy CAGR of 7.82%, likely to be driven by the recovery of passenger car production and average distance traveled in the country.