Market Trends of South Africa Automotive Lubricants Industry
This section covers the major market trends shaping the South Africa Automotive Lubricants Market according to our research experts:
Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Commercial Vehicles</span>
- In South Africa, the passenger vehicles (PV) segment accounted for the largest share of 66.7% in the total number of on-road vehicles in 2020, followed by the commercial vehicles (CV) and motorcycles (MC) segments, which held shares of 30.24% and 3.01%, respectively.
- The CV segment accounted for the highest share of around 56% in total automotive lubricant consumption in 2020, followed by PV (39%) and MC (4.95%), respectively. In 2020, the COVID-19 pandemic led to a notable dip in lubricants consumption, whereas CV lubricant consumption recorded the highest drop of 3.2%, followed by PV (2.87%) and MC (0.84%).
- The motorcycle segment is projected to be the fastest-growing lubricant consumer, registering a CAGR of 5.42% over 2021-2026. This growth is expected to be driven by a recovery in low-cost moped sales and increasing penetration of foreign motorcycle brands over the coming years.
Understand The Key Trends Shaping This Market
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