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

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  • September 2022
  • Region: Egypt
  • Mordor Intelligence
  • ID: 5656689
UP TO OFF until Dec 31st 2023
The Egypt Commercial Vehicles Lubricants Market stood at 231.36 million liters in 2021 and is projected to register a CAGR of 3.19% to reach 270.66 million liters in 2026.

Key Highlights

  • Largest Segment by Product Type - Engine Oils: Engine oil is the most popular product in the Egyptian CV fleets since it is used in large quantities in heavy-duty trucks and is refilled frequently than other product types.
  • Fastest Segment by Product Type - Greases: Greases are expected to be the fastest-growing segment in Egypt's CV industry due to the expected growth in production and sales of trucks and a surge in industrial activity.

Key Market Trends

Largest Segment By Product Type: Engine Oils

  • In Egypt, commercial vehicles (CV) form the largest segment in terms of automotive lubricant consumption. During 2015-2019, lubricant consumption recorded a CAGR of around 1.8% in the CV segment. The growth was majorly driven by the growing freight transportation activities in the country.
  • The commercial vehicle lubricant consumption declined by 8.1% as the COVID-19 pandemic affected freight transportation in 2020. While the engine oil segment accounts for more than a 90% share in CV lubricant consumption, a significant decline of 10.56% was observed in the consumption of greases by the CV segment during the year.
  • During 2021-2026, the greases segment is likely to be the fastest-growing product type, exhibiting a CAGR of 5.4%. The recovery in usage and production of commercial vehicles is likely to drive the consumption of greases over the coming years.

Competitive Landscape

The Egypt Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 87.71%. 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
5 Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 BP PLC (Castrol)
5.3.2 Chevron Corporation
5.3.3 Coperative Soceite des petroleum
5.3.4 Emarat
5.3.5 ExxonMobil Corporation
5.3.6 FUCHS
5.3.7 Misr Petroleum
5.3.8 Petromin Corporation
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:

  • BP PLC (Castrol)
  • Chevron Corporation
  • Coperative Soceite des petroleum
  • Emarat
  • ExxonMobil Corporation
  • Misr Petroleum
  • Petromin Corporation
  • Royal Dutch Shell PLC
  • TotalEnergies