Africa Commercial Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 856.57 Million Liters |
| Market Volume (2026) | 912.20 Million Liters |
| CAGR (2024 - 2026) | 3.20 % |
| Market Concentration | High |
Africa Commercial Vehicles Lubricants Market Analysis
The Africa Commercial Vehicles Lubricants Market size is estimated at 856.57 Million Liters in 2024, and is expected to reach 912.20 Million Liters by 2026, growing at a CAGR of 3.20% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Since it has high-temperature and high-pressure uses, engine oil is the most popular product type in Africa, with large volume needs and shorter drain intervals.
- Fastest Segment by Product Type - Transmission & Gear Oils : Transmission oil is expected to be the fastest growing in the African CV industry since imports of used LCVs and penetration of old used trucks are expected to rise.
- Largest Country Market - Egypt : Egypt is the largest consumer of CV lubricants among all African countries due to the high engine oil volume consumed in one of the world's oldest commercial vehicle fleets.
- Fastest Growing Country Market - Morocco : Morocco is the fastest growing user of commercial vehicle lubricants among major African countries due to a steady increase in imports of used LCVs and trucks from France.
Africa Commercial Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Africa Commercial Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : Engine Oils
- During 2015-2019, lubricant consumption in the African commercial vehicle sector increased at a CAGR of 1.65%. Engine oil was the dominating lubricant product type in this sector, accounting for a share of 75% in 2020, followed by transmission oils, which accounted for a share of 11%.
- In 2020, due to the COVID-19 outbreak, freight transportation significantly dropped due to lockdowns imposed in response to the pandemic. Hence, lubricant consumption in the sector declined by over 4.5% compared to 2019.
- The projected boom in logistic requirements and recovery in sales of new commercial vehicles are likely to drive lubricant consumption in this sector. Hence, commercial vehicle lubricant consumption is likely to increase at a CAGR of 3.09% during 2021-2026.
Largest Country : Egypt
- In Africa, the consumption volume of commercial vehicle (CV) lubricants was the highest in Egypt, at 29.4% of the total consumption of CV lubricants, followed by Nigeria and South Africa, at 18.3% and 15.06%, respectively.
- The restrictions imposed on business and transportation activities after the COVID-19 outbreak negatively affected CV lubricant consumption in 2020. South Africa was the most affected, as it witnessed a 10% drop in consumption during 2019-2020, followed by Egypt, which recorded an 8.1% drop.
- During 2021-2026, Morocco will likely be the fastest-growing CV lubricant market. The consumption is likely to increase at a CAGR of 5.96%, followed by South Africa and Egypt, with an expected CAGR of 3.65% and 3.19%, respectively.
Africa Commercial Vehicles Lubricants Industry Overview
The Africa Commercial Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 46.60%. The major players in this market are Coperative Soceite des petroleum, ExxonMobil Corporation, Misr Petroleum, Royal Dutch Shell PLC and TotalEnergies (sorted alphabetically).
Africa Commercial Vehicles Lubricants Market Leaders
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Coperative Soceite des petroleum
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ExxonMobil Corporation
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Misr Petroleum
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Royal Dutch Shell PLC
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TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Africa Commercial Vehicles Lubricants Market News
- March 2022: FUCHS company introduced Maintain Fricofin and Titan GT1 Flex small pack lubricants for automotive applications.
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- September 2021: Engen has made a ground-breaking development by launching its Engen App for the convenience of its customers. Engen will offer all its products and services through this app, making it easier for the consumers. This is expected to increase the sales of its lubricants and gain brand recognition in the region.
Africa Commercial Vehicles Lubricants Market Report - Table of Contents
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
4.2 By Country
4.2.1 Egypt
4.2.2 Morocco
4.2.3 Nigeria
4.2.4 South Africa
4.2.5 Rest of Africa
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 Afriquia
5.3.2 BP PLC (Castrol)
5.3.3 Coperative Soceite des petroleum
5.3.4 Engen Petroleum Ltd
5.3.5 ExxonMobil Corporation
5.3.6 FUCHS
5.3.7 Misr Petroleum
5.3.8 Ola Energy
5.3.9 Royal Dutch Shell PLC
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
Africa Commercial Vehicles Lubricants Industry Segmentation
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
| By Country | |
| Egypt | |
| Morocco | |
| Nigeria | |
| South Africa | |
| Rest of Africa |
Africa Commercial Vehicles Lubricants Market Research FAQs
How big is the Africa Commercial Vehicles Lubricants Market?
The Africa Commercial Vehicles Lubricants Market size is expected to reach 856.57 million Liters in 2024 and grow at a CAGR of 3.20% to reach 912.20 million Liters by 2026.
What is the current Africa Commercial Vehicles Lubricants Market size?
In 2024, the Africa Commercial Vehicles Lubricants Market size is expected to reach 856.57 million Liters.
Who are the key players in Africa Commercial Vehicles Lubricants Market?
Coperative Soceite des petroleum, ExxonMobil Corporation, Misr Petroleum, Royal Dutch Shell PLC and TotalEnergies are the major companies operating in the Africa Commercial Vehicles Lubricants Market.
Which segment has the biggest share in the Africa Commercial Vehicles Lubricants Market?
In the Africa Commercial Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which country has the biggest share in the Africa Commercial Vehicles Lubricants Market?
In 2024, Egypt accounts for the largest share by country in the Africa Commercial Vehicles Lubricants Market.
What years does this Africa Commercial Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Africa Commercial Vehicles Lubricants Market size was estimated at 831.27 million Liters. The report covers the Africa Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Africa Commercial Vehicles Lubricants Industry Report
Statistics for the 2023 Africa Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Africa Commercial Vehicles Lubricants analysis includes a market forecast outlook to 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
