Egypt Automotive Engine Oils - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026
The Egypt Automotive Engine Oils Market size is estimated at 327.46 Million Liters in 2024, and is expected to reach 350.70 Million Liters by 2026, growing at a CAGR of 3.49% during the forecast period (2024-2026).
Key Highlights
- Largest Segment by Vehicle Type - Commercial Vehicles : Egypt's commercial vehicle category consumes the most engine oil since it has around 1.78 million CVs, with a high proportion of outdated CVs with higher service needs.
- Fastest Segment by Vehicle Type - Motorcycles : Egypt is expected to have the fastest rise in motorcycle engine oil consumption, owing to a strong rebound in low-cost motorcycle sales and increased travel rates.
Egypt Automotive Engine Oils Market Trends
Largest Segment By Vehicle Type : Commercial Vehicles
- In Egypt, engine oils accounted for over 90% of overall automotive lubricants in 2020. During 2015-2019, engine oil consumption increased at a CAGR of over 1.59%. The growing active vehicle fleet in the country was the key driver for this trend.
- In 2020, the COVID-19 outbreak led to a massive decline in the usage rate of the existing vehicle fleets in the country, which led to an 8% dip in engine oil consumption. The passenger vehicle (PV) segment recorded the largest decline of 8.48% in engine oil consumption during 2020, over 2019.
- During 2021-2026, the motorcycles segment is expected to register the highest growth of 5.77% in engine oil consumption, followed by the CV segment (2.94%). The growth in the motorcycles segment is likely to be driven by strong demand for mopeds and motorcycles in the country over the next five years.
Egypt Automotive Engine Oils Industry Overview
The Egypt Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 86.44%. The major players in this market are Coperative Soceite des petroleum, ExxonMobil Corporation, Misr Petroleum, Royal Dutch Shell PLC and TotalEnergies (sorted alphabetically).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
- 1 Executive Summary & Key Findings
- 2 Introduction
- 2.1 Study Assumptions & Market Definition
- 2.2 Scope of the Study
- 2.3 Research Methodology
- 3 Key Industry Trends
- 3.1 Automotive Industry Trends
- 3.2 Regulatory Framework
- 3.3 Value Chain & Distribution Channel Analysis
- 4 Market Segmentation
- 4.1 By Vehicle Type
- 4.1.1 Commercial Vehicles
- 4.1.2 Motorcycles
- 4.1.3 Passenger Vehicles
- 4.2 By Product Grade
- 5 Competitive Landscape
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
- 5.3 Company Profiles
- 5.3.1 BP PLC (Castrol)
- 5.3.2 Chevron Corporation
- 5.3.3 Coperative Soceite des petroleum
- 5.3.4 Emarat
- 5.3.5 ENOC Misr
- 5.3.6 ExxonMobil Corporation
- 5.3.7 FUCHS
- 5.3.8 Misr Petroleum
- 5.3.9 Royal Dutch Shell PLC
- 5.3.10 TotalEnergies
- 6 Appendix
- 6.1 Appendix-1 References
- 6.2 Appendix-2 List of Tables & Figures
- 7 Key Strategic Questions for Lubricants CEOs
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