Africa Automotive Lubricants Market Size & Share Analysis - Industry Research Report - Growth Trends
Analysis of the African Automotive Lubricants Market
The market for automotive lubricants in Africa, which had a volume of 1.29 billion litres in 2021, is anticipated to grow at a CAGR of 4.13% to reach 1.58 billion litres by 2026.
Largest Segment by Vehicle Type - Commercial Vehicles: Pickup trucks are widely used in Africa for the transportation of goods. The need for lubricants while in use has increased due to Africa's ageing CV fleet.
Fastest Segment by Vehicle Type - Passenger Cars: Since 2020, used SUV demand has increased in African countries like Egypt, which is expected to boost lubricant consumption in passenger cars.
Comments
Post a Comment