Africa Automotive Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026

Africa Automotive Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026

The Africa Automotive Lubricants Market size is estimated at 1.48 Billion Liters in 2024, and is expected to reach 1.58 Billion Liters by 2026, growing at a CAGR of 3.32% during the forecast period (2024-2026).

Key Highlights

• Largest Segment by Vehicle Type - Commercial Vehicles : A large number of pickup trucks are employed for freight transportation throughout Africa. Africa's aging CV fleet has increased the demand for lubricants during service.
• Fastest Segment by Vehicle Type - Passenger Vehicles : Since 2020, there has been an increase in demand for used SUVs in African nations like Egypt, which is projected to augment lubricant consumption in passenger vehicles.
• Largest Country Market - Egypt : Egypt is the largest consumer of automotive lubricants among all African countries due to the high proportion of all used vehicles, such as SUVs, LCVs, and motorcycles.
• Fastest Growing Country Market - Morocco : Morocco is the fastest growing automotive lubricant consumer among all major African countries due to its constant growth in domestic production & motor vehicle registrations.

Africa Automotive Lubricants Market Trends

Largest Segment By Vehicle Type : Commercial Vehicles

• In the African region, the passenger vehicle (PV) segment accounted for almost 55% share among the total number of on-road vehicles during 2020, followed by motorcycles and commercial vehicles with 35% and 10% shares, respectively.
• The commercial vehicles segment accounted for the highest share of about 62% in the total automotive lubricant volume consumption in 2020, followed by the passenger vehicles segment with a share of 34%. During the same year, travel restrictions to curb COVID-19 significantly affected the usage of these vehicles and their lubricant consumption.
• During 2021-2026, the motorcycles lubricants segment is expected to witness the highest CAGR of 5.41%. The recovery of motorcycle sales and the easing of COVID-19-related travel restrictions are likely to be the key factors driving this trend.

Largest Country : Egypt

• In Africa, automotive lubricant consumption is the highest in Egypt, followed by Nigeria and South Africa. In 2020, Egypt accounted for about 26% of the total automotive lubricant consumption, while Nigeria and South Africa accounted for shares of around 17.5% and 17%, respectively.
• The COVID-19 outbreak in 2020 significantly affected automotive lubricant consumption in many countries in the region. South Africa was the most affected, with a 9% drop, during 2019-2020, whereas Morocco was the least affected, with a 3.4% drop in its automotive lubricant consumption.
• During 2021-2026, Morocco is likely to be the fastest-growing lubricant market, as the consumption is likely to increase at a CAGR of 6.06%, followed by South Africa and Egypt, which are expected to record a CAGR of 3.57% and 3.33%, respectively.

Africa Automotive Lubricants Industry Overview

The Africa Automotive Lubricants Market is moderately consolidated, with the top five companies occupying 47.57%. The major players in this market are BP PLC (Castrol), Engen Petroleum Ltd, ExxonMobil Corporation, Royal Dutch Shell PLC and TotalEnergies (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support