South Africa Automotive Engine Oils - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026
The South Africa Automotive Engine Oils Market size is estimated at 192.26 Million Liters in 2024, and is expected to reach 206.90 Million Liters by 2026, growing at a CAGR of 3.74% during the forecast period (2024-2026).
Key Highlights
- Largest Segment by Vehicle Type - Commercial Vehicles : The commercial vehicle (CV) category in South Africa consumes the bulk of engine oil as the country has roughly 3.4 million CVs, with a high percentage of old CVs.
- Fastest Segment by Vehicle Type - Motorcycles : In the next few years, the demand for motorcycle engine oil will likely be driven by a strong rebound in low-cost motorcycle sales, production rates, and rising travel rates.
South Africa Automotive Engine Oils Market Trends
Largest Segment By Vehicle Type : Commercial Vehicles
- In South Africa, engine oils accounted for about 80.7% of the overall automotive lubricants in 2020. During 2015-2019, engine oil consumption increased at a CAGR of over 1.83%. 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 8.54% dip in engine oil consumption. The commercial vehicle (CV) segment recorded the largest decline of 9.39% in engine oil consumption during 2019.
- During 2021-2026, the motorcycles segment is expected to register the highest growth of 4.46% in engine oil consumption, followed by the CV segment (3.53%). The growth in the motorcycles segment is likely to be driven by the country's strong demand for mopeds and motorcycles over the next five years.
South Africa Automotive Engine Oils Industry Overview
The South Africa Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 80.30%. The major players in this market are Astron Energy Pty Ltd, BP Plc (Castrol), Engen Petroleum Ltd, 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 Astron Energy Pty Ltd
- 5.3.2 BP Plc (Castrol)
- 5.3.3 Engen Petroleum Ltd
- 5.3.4 ExxonMobil Corporation
- 5.3.5 FUCHS
- 5.3.6 Puma Energy
- 5.3.7 Q8Oils
- 5.3.8 Royal Dutch Shell Plc
- 5.3.9 Sasol
- 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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