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

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

The South Africa Automotive Lubricants Market size is estimated at 240.41 Million Liters in 2024, and is expected to reach 259.14 Million Liters by 2026, growing at a CAGR of 3.82% 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 lubricants as the country has roughly 3.4 million CVs, with a high percentage of old CVs.
• Fastest Segment by Vehicle Type - Passenger Vehicles : During the next few years, the demand for motorcycle lubricants is projected to be driven by the strong rebound in low-cost motorcycle sales and rising travel rates.
• Largest Segment by Product Type - Engine Oils : As it is used in enormous amounts and replenished more frequently than other product categories, engine oil is highly popular in different vehicles in South Africa.
• Fastest Segment by Product Type - Greases : Hydraulic fluid is projected to have the fastest growth among all product types due to increased travel rates and expected growth in production outputs in the coming years.

South Africa Automotive Lubricants Market Trends

Largest Segment By Vehicle Type : Commercial Vehicles

• In South Africa, the passenger vehicles (PV) segment accounted for the largest share of 66.7% in the total number of on-road vehicles in 2020, followed by the commercial vehicles (CV) and motorcycles (MC) segments, which held shares of 30.24% and 3.01%, respectively.
• The CV segment accounted for the highest share of around 56% in total automotive lubricant consumption in 2020, followed by PV (39%) and MC (4.95%), respectively. In 2020, the COVID-19 pandemic led to a notable dip in lubricants consumption, whereas CV lubricant consumption recorded the highest drop of 3.2%, followed by PV (2.87%) and MC (0.84%).
• The motorcycle segment is projected to be the fastest-growing lubricant consumer, registering a CAGR of 5.42% over 2021-2026. This growth is expected to be driven by a recovery in low-cost moped sales and increasing penetration of foreign motorcycle brands over the coming years.

South Africa Automotive Lubricants Industry Overview

The South Africa Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 150.94%. The major players in this market are Astron Energy Pty Ltd, BP PLC (Castrol), Engen Petroleum Ltd, Shell plc and TotalEnergies (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support