South Africa Passenger Vehicles Lubricants Market Trends

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

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Single User License

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Team License

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Corporate License

$8750

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Market Trends of South Africa Passenger Vehicles Lubricants Industry

This section covers the major market trends shaping the South Africa 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>

  • The passenger vehicle (PV) segment is the second-largest segment in terms of automotive lubricant consumption in South Africa. During 2015-2019, PV lubricant consumption recorded a CAGR of 1.83%, primarily due to the surge in the car population of the country.
  • In 2020, PVs accounted for about 39% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in PV lubricant consumption, with a share of over 85% during the year. During 2020, PV lubricants consumption declined by 2.87% due to the lower usage of the vehicle fleet post the COVID-19 outbreak.
  • During 2021-2026, the transmission oils segment is projected to grow at a steady rate, exhibiting a CAGR of 5.5%. This growth is likely to be driven by the rise in sales of passenger cars (both new and used) and recovery in average distance traveled in the country.
South Africa Passenger Vehicles Lubricants Market

South Africa Passenger Vehicles Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026