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Africa Commercial Vehicles Lubricants Market - Size, Share, COVID-19 Impact & Forecasts Up To 2026

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  • September 2022
  • Region: Africa
  • Mordor Intelligence
  • ID: 5656681
UP TO OFF until Dec 31st 2023
The Africa Commercial Vehicles Lubricants Market stood at 783.27 million liters in 2021 and is projected to register a CAGR of 3.09% to reach 912.20 million liters in 2026.

Key Highlights

  • Largest Segment by Product Type - Engine Oils: Since it has high-temperature and high-pressure uses, engine oil is the most popular product type in Africa, with large volume needs and shorter drain intervals.
  • Fastest Segment by Product Type - Transmission & Gear Oils: Transmission oil is expected to be the fastest growing in the African CV industry since imports of used LCVs and penetration of old used trucks are expected to rise.
  • Largest Country Market - Egypt: Egypt is the largest consumer of CV lubricants among all African countries due to the high engine oil volume consumed in one of the world's oldest commercial vehicle fleets.
  • Fastest Growing Country Market - Morocco: Morocco is the fastest growing user of commercial vehicle lubricants among major African countries due to a steady increase in imports of used LCVs and trucks from France.

Key Market Trends

Largest Segment By Product Type: Engine Oils

  • During 2015-2019, lubricant consumption in the African commercial vehicle sector increased at a CAGR of 1.65%. Engine oil was the dominating lubricant product type in this sector, accounting for a share of 75% in 2020, followed by transmission oils, which accounted for a share of 11%.
  • In 2020, due to the COVID-19 outbreak, freight transportation significantly dropped due to lockdowns imposed in response to the pandemic. Hence, lubricant consumption in the sector declined by over 4.5% compared to 2019.
  • The projected boom in logistic requirements and recovery in sales of new commercial vehicles are likely to drive lubricant consumption in this sector. Hence, commercial vehicle lubricant consumption is likely to increase at a CAGR of 3.09% during 2021-2026.

Largest Country: Egypt

  • In Africa, the consumption volume of commercial vehicle (CV) lubricants was the highest in Egypt, at 29.4% of the total consumption of CV lubricants, followed by Nigeria and South Africa, at 18.3% and 15.06%, respectively.
  • The restrictions imposed on business and transportation activities after the COVID-19 outbreak negatively affected CV lubricant consumption in 2020. South Africa was the most affected, as it witnessed a 10% drop in consumption during 2019-2020, followed by Egypt, which recorded an 8.1% drop.
  • During 2021-2026, Morocco will likely be the fastest-growing CV lubricant market. The consumption is likely to increase at a CAGR of 5.96%, followed by South Africa and Egypt, with an expected CAGR of 3.65% and 3.19%, respectively.

Competitive Landscape

The Africa Commercial Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 46.60%. The major players in this market are Coperative Soceite des petroleum, ExxonMobil Corporation, Misr Petroleum, Royal Dutch Shell PLC and TotalEnergies (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

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
4.2 By Country
4.2.1 Egypt
4.2.2 Morocco
4.2.3 Nigeria
4.2.4 South Africa
4.2.5 Rest of Africa
5 Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 Afriquia
5.3.2 BP PLC (Castrol)
5.3.3 Coperative Soceite des petroleum
5.3.4 Engen Petroleum Ltd
5.3.5 ExxonMobil Corporation
5.3.6 FUCHS
5.3.7 Misr Petroleum
5.3.8 Ola Energy
5.3.9 Royal Dutch Shell PLC
5.3.10 TotalEnergies
6 Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7 Key Strategic Questions for Lubricants CEOs

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Afriquia
  • BP PLC (Castrol)
  • Coperative Soceite des petroleum
  • Engen Petroleum Ltd
  • ExxonMobil Corporation
  • Misr Petroleum
  • Ola Energy
  • Royal Dutch Shell PLC
  • TotalEnergies