Morocco Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026
The Morocco Lubricants Market size is estimated at 139.51 Million Liters in 2024, and is expected to reach 153.61 Million Liters by 2026, growing at a CAGR of 4.93% during the forecast period (2024-2026).
Key Highlights
- Largest Segment by End-user Industry - Automotive : Automotive was the largest end-user among all categories due to the huge volume of engine and gear oils used in motor vehicles compared to any other industrial application.
- Fastest Segment by End-user Industry - Automotive : Power generation will be Morocco's fastest-growing end-user due to increased demand for energy from wind turbines and steep drops in wind turbines' installation costs.
- Largest Segment by Product Type - Engine Oils : Engine oil is the largest consumed product category in Morocco due to the differing engine sizes of cars, motorcycles, trucks, and buses and high oil changing frequencies.
- Fastest Segment by Product Type - Transmission & Gear Oils : As Morocco expects an increase in the outputs of industrial production and electric cars, transmission and gear oils may grow at a faster rate than other product types.
Morocco Lubricants Market Trends
Largest Segment By End User : Automotive
- In 2020, the Moroccan lubricants market was dominated by the automotive industry, which accounted for over 68% of the total lubricant consumption in the country. During 2015-2019, lubricant consumption in the automotive industry increased by around 29.1%.
- In 2020, COVID-19-related restrictions led to declined maintenance requirements from several industries. The major impact was observed in the automotive industry, which recorded a dip of 3.45% in its lubricant consumption during 2019-2020, followed by the metallurgy and metalworking industry (3.42%).
- Automotive is likely to be the fastest-growing end-user industry of the market studied, with a CAGR of 6% during 2021-2026, followed by power generation (3.96%). The growing vehicle sales and production are likely to drive the consumption of lubricants in the automotive industry in the coming years.
Morocco Lubricants Industry Overview
The Morocco Lubricants Market is fairly consolidated, with the top five companies occupying 74.56%. The major players in this market are Afriquia, OLA Energy, Petrom, 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 Manufacturing Industry Trends
- 3.3 Power Generation Industry Trends
- 3.4 Regulatory Framework
- 3.5 Value Chain & Distribution Channel Analysis
- 4 Market Segmentation
- 4.1 By End User
- 4.1.1 Automotive
- 4.1.2 Heavy Equipment
- 4.1.3 Metallurgy & Metalworking
- 4.1.4 Power Generation
- 4.1.5 Other End-user Industries
- 4.2 By Product Type
- 4.2.1 Engine Oils
- 4.2.2 Greases
- 4.2.3 Hydraulic Fluids
- 4.2.4 Metalworking Fluids
- 4.2.5 Transmission & Gear Oils
- 4.2.6 Other Product Types
- 5 Competitive Landscape
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
- 5.3 Company Profiles
- 5.3.1 Afriquia
- 5.3.2 FUCHS
- 5.3.3 Motul
- 5.3.4 OLA Energy
- 5.3.5 Petrom
- 5.3.6 Petromin Corporation
- 5.3.7 Royal Dutch Shell PLC
- 5.3.8 TotalEnergies
- 5.3.9 Winxo
- 5.3.10 Ziz Lubrifiants
- 6 Appendix
- 6.1 Appendix-1 References
- 6.2 Appendix-2 List of Tables & Figures
- 7 Key Strategic Questions for Lubricants CEOs
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook