How big is the South Africa Passenger Vehicles Lubricants Market?

The South Africa Passenger Vehicles Lubricants Market size is expected to reach 107.63 million Liters in 2024 and grow at a CAGR of 3.61% to reach 115.55 million Liters by 2026. Read More

What is the current South Africa Passenger Vehicles Lubricants Market size?

In 2024, the South Africa Passenger Vehicles Lubricants Market size is expected to reach 107.63 million Liters. Read More

Who are the key players in South Africa Passenger Vehicles Lubricants Market?

Astron Energy Pty Ltd, BP PLC (Castrol), Engen Petroleum Ltd, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the South Africa Passenger Vehicles Lubricants Market. Read More

Which segment has the biggest share in the South Africa Passenger Vehicles Lubricants Market?

In the South Africa Passenger Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type. Read More

Which is the fastest growing segment in the South Africa Passenger Vehicles Lubricants Market?

In 2024, the Transmission & Gear Oils segment accounts for the fastest growing by product type in the South Africa Passenger Vehicles Lubricants Market. Read More

What years does this South Africa Passenger Vehicles Lubricants Market cover, and what was the market size in 2023?

In 2023, the South Africa Passenger Vehicles Lubricants Market size was estimated at 104.32 million Liters. The report covers the South Africa Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Africa Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

South Africa Passenger Vehicles Lubricants Market Trends

Statistics for the 2023 & 2024 South Africa Passenger Vehicles Lubricants market trends, created by Mordor Intelligence™ Industry Reports. South Africa Passenger 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.

Market Trends of South Africa Passenger Vehicles Lubricants Industry

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

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

The passenger vehicle (PV) segment is the second-largest segment in terms of automotive lubricant consumption in South Africa. During 2015-2019, PV lubricant consumption recorded a CAGR of 1.83%, primarily due to the surge in the car population of the country.
In 2020, PVs accounted for about 39% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in PV lubricant consumption, with a share of over 85% during the year. During 2020, PV lubricants consumption declined by 2.87% due to the lower usage of the vehicle fleet post the COVID-19 outbreak.
During 2021-2026, the transmission oils segment is projected to grow at a steady rate, exhibiting a CAGR of 5.5%. This growth is likely to be driven by the rise in sales of passenger cars (both new and used) and recovery in average distance traveled in the country.