Morocco Commercial Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 44.62 Million Liters |
| Market Volume (2026) | 49.87 Million Liters |
| CAGR (2024 - 2026) | 5.72 % |
| Market Concentration | High |
Morocco Commercial Vehicles Lubricants Market Analysis
The Morocco Commercial Vehicles Lubricants Market size is estimated at 44.62 Million Liters in 2024, and is expected to reach 49.87 Million Liters by 2026, growing at a CAGR of 5.72% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the most popular product in Moroccan CV fleets, as it is used in large quantities in heavy-duty trucks and is refilled more frequently than other product types.
- Fastest Segment by Product Type - Greases : Greases are expected to be the fastest-growing segment in Morocco's CV industry, owing to the country's expanding business activities and recovering production outputs.
Morocco Commercial Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Morocco Commercial Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : Engine Oils
- In Morocco, commercial vehicles (CV) form the largest segment in terms of automotive lubricant consumption. During 2015-2019, lubricant consumption increased at a CAGR of around 5% in the CV segment. The growth was majorly driven by the growing freight transportation in the country.
- Lubricant consumption of commercial vehicles declined by 4.5% as COVID-19 affected freight transportation activity in 2020. The engine oil segment accounted for a share of 67.8% in the CV lubricant consumption during the year, a sudden decline of 4.17%.
- The greases segment is likely to be the fastest-growing product type, exhibiting a CAGR of 7.2% during 2021-2026. The recovery in usage and production of commercial vehicles will likely drive the consumption of greases in the coming years.
Morocco Commercial Vehicles Lubricants Industry Overview
The Morocco Commercial Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 62.15%. The major players in this market are Afriquia, OLA Energy, Royal Dutch Shell PLC, TotalEnergies and Winxo (sorted alphabetically).
Morocco Commercial Vehicles Lubricants Market Leaders
-
Afriquia
-
OLA Energy
-
Royal Dutch Shell PLC
-
TotalEnergies
-
Winxo
*Disclaimer: Major Players sorted in no particular order
Morocco Commercial Vehicles Lubricants Market News
- August 2021: During 2017-2020, OLA Energy invested around EUR 200 million and established 80 new service stations every year across its pan-African network, including Gabon, Morocco, Kenya, Reunion, and Egypt.
- March 2021: Hyundai Motor Company and Royal Dutch Shell PLC announced a five-year global business cooperation agreement, with a new focus on clean energy and carbon reduction, to help Hyundai continue its transformation as a Smart Mobility Solution Provider.
- January 2021: TotalEnergies introduced new packaging for its lubricant products in Morocco. This initiative aims to reduce 9,500 metric tons of CO2 each year and help the company be a more responsible energy player.
Morocco 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
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 Afriquia
5.3.2 FUCHS
5.3.3 OLA Energy
5.3.4 Petromin Corporation
5.3.5 Royal Dutch Shell PLC
5.3.6 TotalEnergies
5.3.7 Winxo
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Morocco Commercial Vehicles Lubricants Industry Segmentation
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Morocco Commercial Vehicles Lubricants Market Research FAQs
How big is the Morocco Commercial Vehicles Lubricants Market?
The Morocco Commercial Vehicles Lubricants Market size is expected to reach 44.62 million Liters in 2024 and grow at a CAGR of 5.72% to reach 49.87 million Liters by 2026.
What is the current Morocco Commercial Vehicles Lubricants Market size?
In 2024, the Morocco Commercial Vehicles Lubricants Market size is expected to reach 44.62 million Liters.
Who are the key players in Morocco Commercial Vehicles Lubricants Market?
Afriquia, OLA Energy, Royal Dutch Shell PLC, TotalEnergies and Winxo are the major companies operating in the Morocco Commercial Vehicles Lubricants Market.
Which segment has the biggest share in the Morocco Commercial Vehicles Lubricants Market?
In the Morocco Commercial Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Morocco Commercial Vehicles Lubricants Market?
In 2024, the Greases segment accounts for the fastest growing by product type in the Morocco Commercial Vehicles Lubricants Market.
What years does this Morocco Commercial Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Morocco Commercial Vehicles Lubricants Market size was estimated at 42.10 million Liters. The report covers the Morocco Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Morocco Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Morocco Commercial Vehicles Lubricants Industry Report
Statistics for the 2024 Morocco Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Morocco Commercial Vehicles Lubricants analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Morocco Commercial Vehicles Lubricants Report Snapshots
