Morocco Passenger Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 49.52 Million Liters |
| Market Volume (2026) | 55.86 Million Liters |
| CAGR (2024 - 2026) | 6.21 % |
| Market Concentration | High |
Morocco Passenger Vehicles Lubricants Market Analysis
The Morocco Passenger Vehicles Lubricants Market size is estimated at 49.52 Million Liters in 2024, and is expected to reach 55.86 Million Liters by 2026, growing at a CAGR of 6.21% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Since it is used in enormous amounts and replenished more frequently than other product categories, engine oil is the most popular product in Moroccan SUVs and sedans.
- Fastest Segment by Product Type - Greases : Greases are expected to be the fastest-growing segment in Morocco's PV industry due to the expected recovery in travel rates and vehicle production outputs in the country.
Morocco Passenger Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Morocco Passenger Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : Engine Oils
- Passenger vehicles (PVs) are the largest segment in terms of automotive lubricant consumption in Morocco. During 2015-2019, the PV lubricant consumption expanded a CAGR of 6%, primarily due to a surge in the car population in the country.
- In 2020, PVs accounted for about 52% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in PV lubricant consumption, i.e., over 82%, during the year. During 2020, PV lubricant consumption declined by 2.6% due to lower usage of the vehicle fleet post the COVID-19 outbreak.
- During 2021-2026, the greases segment is projected to register a healthy CAGR of 7.82%, likely to be driven by the recovery of passenger car production and average distance traveled in the country.
Morocco Passenger Vehicles Lubricants Industry Overview
The Morocco Passenger Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 64.90%. The major players in this market are Afriquia, OLA Energy, Petrom, Royal Dutch Shell PLC and TotalEnergies (sorted alphabetically).
Morocco Passenger Vehicles Lubricants Market Leaders
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Afriquia
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OLA Energy
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Petrom
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Royal Dutch Shell PLC
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TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Morocco Passenger 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.
- July 2021: RAVENOL and ABT Sportsline formed technical cooperation in the fields of engine oils, gearbox and limited-slip differential oils, and brake fluids, thus, bringing together first-rate experience in the high-performance category.
- April 2021: Motul launched two engine oils, namely CLASSIC EIGHTIES 10W-40 and CLASSIC NINETIES 10W-30, for classic cars manufactured between the 1970s and 2000s.
Morocco Passenger 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 Motul
5.3.4 OLA Energy
5.3.5 Petrom
5.3.6 Petromin Corporation
5.3.7 Ravensberger Schmierstoffvertrieb GmbH
5.3.8 Royal Dutch Shell PLC
5.3.9 TotalEnergies
5.3.10 Winxo
5.3.11 Ziz Lubrifiants
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Morocco Passenger Vehicles Lubricants Industry Segmentation
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Morocco Passenger Vehicles Lubricants Market Research FAQs
How big is the Morocco Passenger Vehicles Lubricants Market?
The Morocco Passenger Vehicles Lubricants Market size is expected to reach 49.52 million Liters in 2024 and grow at a CAGR of 6.21% to reach 55.86 million Liters by 2026.
What is the current Morocco Passenger Vehicles Lubricants Market size?
In 2024, the Morocco Passenger Vehicles Lubricants Market size is expected to reach 49.52 million Liters.
Who are the key players in Morocco Passenger Vehicles Lubricants Market?
Afriquia, OLA Energy, Petrom, Royal Dutch Shell PLC and TotalEnergies are the major companies operating in the Morocco Passenger Vehicles Lubricants Market.
Which segment has the biggest share in the Morocco Passenger Vehicles Lubricants Market?
In the Morocco Passenger Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Morocco Passenger Vehicles Lubricants Market?
In 2024, the Greases segment accounts for the fastest growing by product type in the Morocco Passenger Vehicles Lubricants Market.
What years does this Morocco Passenger Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Morocco Passenger Vehicles Lubricants Market size was estimated at 46.66 million Liters. The report covers the Morocco Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Morocco Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Morocco Passenger Vehicles Lubricants Industry Report
Statistics for the 2024 Morocco Passenger Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Morocco Passenger 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.
