South Africa Commercial Vehicles Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026
The South Africa Commercial Vehicles Lubricants Market size is estimated at 131.03 Million Liters in 2024, and is expected to reach 141.67 Million Liters by 2026, growing at a CAGR of 3.98% during the forecast period (2024-2026).
Key Highlights
- Largest Segment by Product Type - Engine Oils : As it is used in large quantities and replenished more frequently than other product categories, engine oil is highly popular in commercial vehicle fleets in South Africa.
- Fastest Segment by Product Type - Hydraulic Fluids : Hydraulic fluid will likely 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 Commercial Vehicles Lubricants Market Trends
Largest Segment By Product Type : Engine Oils
- In South Africa, commercial vehicles (CV) form the largest segment in terms of automotive lubricant consumption. During 2015-2019, lubricant consumption registered a CAGR of 1.26% in the CV segment. The growth was majorly driven by the growing freight transportation in the country.
- The commercial vehicle lubricant consumption declined by 3.26%, as the COVID-19 pandemic affected freight transportation in 2020. The engine oil segment accounts for around 75.7% share in the CV lubricant consumption. A major decline of 3.97% was observed in the consumption of engine oils in the CV segment during the year.
- During 2021-2026, the transmission oils segment is likely to be the fastest-growing product type, exhibiting a CAGR of 4.29%. The recovery in the usage and sales of commercial vehicles is likely to drive the consumption of transmission oils over the coming years.
South Africa Commercial Vehicles Lubricants Industry Overview
The South Africa Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 84.96%. 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 Product Type
- 4.1.1 Engine Oils
- 4.1.2 Greases
- 4.1.3 Hydraulic Fluids
- 4.1.4 Transmission & Gear Oils
- 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 Royal Dutch Shell Plc
- 5.3.8 Sasol
- 5.3.9 TotalEnergies
- 5.3.10 Valvoline Inc.
- 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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