According to MarkNtel Advisors study the North Africa Automotive Lubricants Market size is estimated to grow at a CAGR of around 4.5% during the forecast period, i.e., 2024-30.
Access Free Sample Report - https://www.marknteladvisors.com/query/request-sample/north-africa-automotive-lubricants-market.html
Key Findings of the Study: North Africa Automotive Lubricants market
North Africa Automotive Lubricants Market Driver:
Rising Industrial Development to Propel Market Growth – The thriving industrial sector across the region has positively impacted the demand for commercial vehicles in countries such as Egypt, Algeria, etc. Along with this, these nations have appropriate geostrategic locations, adequate land availability, solar and wind power capacity, and skilled human capital, as well as a big domestic market, owing to which, the market players have been investing in the region. Furthermore, the official authorities of Morocco and Algeria are also increasing their focus on the development of the manufacturing sector in the countries. Hence, these countries have been experiencing the launch of new production plants which would boost the demand for light trucks both during the construction and post the initiation of the plant operations.
- In 2024, Haier Smart Home announced the inauguration of Egypt Ecological Park which is the first Arab-based plant of the company. The plant would produce air conditioners washing machines, etc.
- In 2023, to produce upcoming Fiat models, including the Fiat 500 and Fiat Doblò, Stellantis announced the establishment of its manufacturing plant in Tafraoui, Algeria.
These facilities would create requirements for automobiles that will be used during construction and the delivery of the products to and from the production plant to the warehouse to the end users. Hence, this would increase the vehicle fleet across the countries. The expanding automotive fleet necessitates regular maintenance and lubrication, thus driving the demand for high-quality lubricants tailored to various vehicle applications. So, the thriving industrial sector across the region is augmenting the size volume of the Automotive Lubricants Industry.
North Africa Automotive Lubricants Market Challenge:
Increasing Adoption of Electric Vehicles to Hinder Market Growth – To reduce emissions and combat environmental issues in the transportation sector, there has been an inclination toward Electric Vehicles (EVs) in the last few years. However, electric vehicles do not require lubricant oil since the engines in the EVs generate much less friction than the other types of engines. Thus, the increasing sales of EVs are hampering the market growth. Along with this, there is a disparity in the quality of lubricants between countries, such as Egypt and Morocco. As a result, the imported lubricants that do not adhere to the standardized quality are stopped at customs and fail to reach the customers. Moreover, this is causing the market players to develop different products for each country, leading to higher spending on RD and production, refraining the companies from expanding their sales production, and negatively impacting the market growth expansion.
For more detailed information about the North Africa Automotive Lubricants market report, click here – https://www.marknteladvisors.com/research-library/north-africa-automotive-lubricants-market.html
Scope of the Report and North Africa Automotive Lubricants Market Segmentation:
By Type
- Engine Oil- Market Size Forecast 2019-2030F, (Thousand Tons)
- Gear Oil- Market Size Forecast 2019-2030F, (Thousand Tons)
- Transmission Fluids- Market Size Forecast 2019-2030F, (Thousand Tons)
- Brake Fluids- Market Size Forecast 2019-2030F, (Thousand Tons)
- Greases- Market Size Forecast 2019-2030F, (Thousand Tons)
- Coolants Antifreezes- Market Size Forecast 2019-2030F, (Thousand Tons)
- Others (Additives, Oil Benders, etc.) - Market Size Forecast 2019-2030F, (Thousand Tons)
By Base Oil
- Mineral Oil Lubricants- Market Size Forecast 2019-2030F, (Thousand Tons)
- Synthetic Lubricants- Market Size Forecast 2019-2030F, (Thousand Tons)
- Bio Lubricants- Market Size Forecast 2019-2030F, (Thousand Tons)
By Vehicle Type
- Two-Wheelers- Market Size Forecast 2019-2030F, (Thousand Tons)
- Mopeds Scooter
- Motorcycle
- Passenger Cars- Market Size Forecast 2019-2030F, (Thousand Tons)
- Hatchback
- Sedan
- SUV
- Commercial Vehicles- Market Size Forecast 2019-2030F, (Thousand Tons)
- Light Commercial Vehicle
- Medium Heavy Commercial Vehicle
- Off the Road (OTR) Vehicles- Market Size Forecast 2019-2030F, (Thousand Tons)
- Earthmoving Equipment
- Material Handling Equipment
- Agricultural Equipment
The passenger cars segment held the largest share of the North Africa Automotive Lubricants Market.
North Africa Automotive Lubricants Market Development:
- 2024: TotalEnergies SE introduced a new range of lubricants developed with the use of premium base oils. This lubricant is also approved by several vehicle manufacturers, building trust among consumers regarding the product quality.
Geographical Analysis:
By Countries
- Egypt
- Morocco
- Algeria
- Libya
- Rest of North Africa
Note: If you require specific information not covered in the current report, we can provide it through customized option
Why choose Us?
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
For Media Inquiries, Please Contact:
Call: +1 628 895 8081 | +91 120 4278433
Email: [email protected]
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
