What is the current South Africa Commercial Vehicles Lubricants Market size?

In 2024, the South Africa Commercial Vehicles Lubricants Market size is expected to reach 131.03 million Liters. Read More

Who are the key players in South Africa Commercial Vehicles Lubricants Market?

Astron Energy Pty Ltd, BP PLC (Castrol), Engen Petroleum Ltd, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the South Africa Commercial Vehicles Lubricants Market. Read More

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

In the South Africa Commercial 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 South Africa Commercial Vehicles Lubricants Market?

In 2024, the Hydraulic Fluids segment accounts for the fastest growing by product type in the South Africa Commercial Vehicles Lubricants Market. Read More

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

In 2023, the South Africa Commercial Vehicles Lubricants Market size was estimated at 126.71 million Liters. The report covers the South Africa Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Africa Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

South Africa Commercial Vehicles Lubricants Market Trends

Q: How big is the South Africa Commercial Vehicles Lubricants Market?

The South Africa Commercial Vehicles Lubricants Market size is expected to reach 131.03 million Liters in 2024 and grow at a CAGR of 3.98% to reach 141.67 million Liters by 2026. Read More

Statistics for the 2023 & 2024 South Africa Commercial Vehicles Lubricants market trends, created by Mordor Intelligence™ Industry Reports. South Africa Commercial 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 South Africa Commercial Vehicles Lubricants Industry

This section covers the major market trends shaping the South Africa Commercial Vehicles Lubricants Market according to our research experts:

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

In South Africa, commercial vehicles (CV) form the largest segment in terms of automotive lubricant consumption. During 2015-2019, lubricant consumption registered a CAGR of 1.26% in the CV segment. The growth was majorly driven by the growing freight transportation in the country.
The commercial vehicle lubricant consumption declined by 3.26%, as the COVID-19 pandemic affected freight transportation in 2020. The engine oil segment accounts for around 75.7% share in the CV lubricant consumption. A major decline of 3.97% was observed in the consumption of engine oils in the CV segment during the year.
During 2021-2026, the transmission oils segment is likely to be the fastest-growing product type, exhibiting a CAGR of 4.29%. The recovery in the usage and sales of commercial vehicles is likely to drive the consumption of transmission oils over the coming years.