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

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

The Egypt Commercial Vehicles Lubricants Market size is estimated at 252.25 Million Liters in 2024, and is expected to reach 270.66 Million Liters by 2026, growing at a CAGR of 3.58% during the forecast period (2024-2026).

Key Highlights

• Largest Segment by Product Type - Engine Oils : Engine oil is the most popular product in the Egyptian CV fleets since it is used in large quantities in heavy-duty trucks and is refilled frequently than other product types.
• Fastest Segment by Product Type - Greases : Greases are expected to be the fastest-growing segment in Egypt's CV industry due to the expected growth in production and sales of trucks and a surge in industrial activity.

Egypt Commercial Vehicles Lubricants Market Trends

Largest Segment By Product Type : Engine Oils

• In Egypt, commercial vehicles (CV) form the largest segment in terms of automotive lubricant consumption. During 2015-2019, lubricant consumption recorded a CAGR of around 1.8% in the CV segment. The growth was majorly driven by the growing freight transportation activities in the country.
• The commercial vehicle lubricant consumption declined by 8.1% as the COVID-19 pandemic affected freight transportation in 2020. While the engine oil segment accounts for more than a 90% share in CV lubricant consumption, a significant decline of 10.56% was observed in the consumption of greases by the CV segment during the year.
• During 2021-2026, the greases segment is likely to be the fastest-growing product type, exhibiting a CAGR of 5.4%. The recovery in usage and production of commercial vehicles is likely to drive the consumption of greases over the coming years.

Egypt Commercial Vehicles Lubricants Industry Overview

The Egypt Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 87.71%. The major players in this market are Coperative Soceite des petroleum, ExxonMobil Corporation, Misr Petroleum, Royal Dutch Shell PLC and TotalEnergies (sorted alphabetically).

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• The market estimate (ME) sheet in Excel format
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