Africa Commercial Vehicles Lubricants Market Size

Statistics for the 2023 & 2024 Africa Commercial Vehicles Lubricants market size, created by Mordor Intelligence™ Industry Reports. Africa Commercial Vehicles Lubricants size report includes a market forecast to 202 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Africa Commercial Vehicles Lubricants Industry

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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
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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 SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026