South Africa Commercial Vehicles Lubricants Market Trends

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

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Team License

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Corporate License

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Market Trends of South Africa Commercial Vehicles Lubricants Industry

This section covers the major market trends shaping the South Africa Commercial Vehicles Lubricants Market according to our research experts:

Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>

  • In South Africa, commercial vehicles (CV) form the largest segment in terms of automotive lubricant consumption. During 2015-2019, lubricant consumption registered a CAGR of 1.26% in the CV segment. The growth was majorly driven by the growing freight transportation in the country.
  • The commercial vehicle lubricant consumption declined by 3.26%, as the COVID-19 pandemic affected freight transportation in 2020. The engine oil segment accounts for around 75.7% share in the CV lubricant consumption. A major decline of 3.97% was observed in the consumption of engine oils in the CV segment during the year.
  • During 2021-2026, the transmission oils segment is likely to be the fastest-growing product type, exhibiting a CAGR of 4.29%. The recovery in the usage and sales of commercial vehicles is likely to drive the consumption of transmission oils over the coming years.
South Africa Commercial Vehicles Lubricants Market

South Africa Commercial Vehicles Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026