Market Size of Morocco Passenger Vehicles Lubricants Industry
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.