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

The Africa Passenger Vehicles Lubricants Market stood at 448.41 million liters in 2021 and is projected to register a CAGR of 5.69% to reach 591.33 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 - Engine Oils: In Africa, the estimated recovery in the sales and production in the automotive sector since 2021 is expected to drive the demand for engine oils during the next few years.
• Largest Country Market - South Africa: South Africa consumes the largest passenger vehicle lubricants of any African country, owing to the highest population of passenger cars (7.5 million units in 2020).
• Fastest Growing Country Market - Morocco: Morocco is the fastest growing user of passenger vehicle lubricants among the major African countries, owing to a steady increase in used car imports from France.

Key Market Trends

Largest Segment By Product Type: Engine Oils

• The lubricant consumption in the African passenger vehicle (PV) market recorded a CAGR of 2.6% from 2015-2019. Engine oil was the dominating lubricant product type in this sector, accounting for a share of over 82% in lubricant consumption by this sector in 2020. Engine oil was followed by transmission oils, which accounted for 9.3% of the lubricant consumption in 2020.
• In 2020, post the COVID-19 pandemic, the usage of passenger cars significantly dropped due to the restrictions put in place as a response to the pandemic. As a result, automotive lubricant consumption in this sector fell by nearly 5.8% compared to 2019.
• The expected recovery in production and sales of new passenger vehicles is likely to drive the lubricant consumption in this sector. As a result, PV lubricant consumption is expected to record a CAGR of 5.69% during 2021-2026.

Largest Country: South Africa

• In Africa, lubricant consumption in passenger vehicles (PVs) was the highest in South Africa, which accounted for 22% of the total PV lubricant consumption in the region, followed by Egypt and Nigeria, which accounted for shares of 17.9% and 17.2%, respectively.
• In 2020, the declined usage of the passenger vehicle fleet after the COVID-19 pandemic negatively affected the PV lubricant consumption across the region. Egypt was the most affected as it witnessed an 8.2% drop in consumption during 2019-2020, followed by South Africa (a 7.95% drop).
• During 2021-2026, Morocco is expected to be the fastest-growing PV lubricant market. The consumption is likely to record a CAGR of 6.05%, followed by South Africa and Egypt, which are expected to register a CAGR of 3.45% and 2.98%, respectively.

Competitive Landscape

The Africa Passenger Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 53.64%. The major players in this market are BP PLC (Castrol), Engen Petroleum Ltd, ExxonMobil Corporation, Royal Dutch Shell PLC and TotalEnergies (sorted alphabetically).

Additional Benefits:

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