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

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

The Egypt Automotive Lubricants Market size is estimated at 364.20 Million Liters in 2024, and is expected to reach 391.68 Million Liters by 2026, growing at a CAGR of 3.70% during the forecast period (2024-2026).

Key Highlights

• Largest Segment by Vehicle Type - Commercial Vehicles : Egypt's commercial vehicle sector is the largest lubricant consumer as it has a large CV fleet with a high proportion of older trucks needing high frequencies of oil changes.
• Fastest Segment by Vehicle Type - Motorcycles : Egypt is expected to have the fastest surge in motorcycle lubricant consumption, owing to a strong rebound in low-cost motorcycle sales and increased travel rates.
• Largest Segment by Product Type - Engine Oils : Engine oil is the most used product type in old Egyptian vehicles. Old vehicles require higher quantities of oil and are replenished frequently than other product categories.
• Fastest Segment by Product Type - Transmission & Gear Oils : Transmission oil consumption is predicted to be the highest among all types in the Egyptian automotive industry, as the penetration of automatic and used cars may rise.

Automotive Engine Oils Market Trends

Largest Segment By Vehicle Type : Commercial Vehicles

• In Egypt, passenger vehicles (PV) accounted for the largest share of around 50% in the total number of on-road vehicles in 2020, followed by motorcycles (MC) and commercial vehicles (CV), with a share of 33.2% and 17%, respectively.
• The CV segment accounted for the highest share of around 70% in total automotive lubricant consumption in 2020, followed by PV (23.5%) and MC (6.6%), respectively. In 2020, the COVID-19 outbreak led to a notable dip in lubricants consumption, where PV lubricant consumption recorded the highest dip of 8.2%, followed by CV (8.1%) and MC (4.7%).
• The motorcycles segment is projected to be the fastest-growing lubricant consumer, with a CAGR of 5.76% during 2021-2026. The growth is expected to be driven by a recovery in low-cost moped sales and increasing penetration of foreign motorcycle brands in the coming years.

Automotive Engine Oils Industry Overview

The Egypt Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 86.50%. 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