Statistics for the 2023 & 2024 Egypt Automotive Engine Oils market trends, created by Mordor Intelligence™ Industry Reports. Egypt Automotive Engine Oils trend report includes a market forecast to 2030 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.
Market Trends of Egypt Automotive Engine Oils Industry
Largest Segment By Vehicle Type : Commercial Vehicles
In Egypt, engine oils accounted for over 90% of overall automotive lubricants in 2020. During 2015-2019, engine oil consumption increased at a CAGR of over 1.59%. The growing active vehicle fleet in the country was the key driver for this trend.
In 2020, the COVID-19 outbreak led to a massive decline in the usage rate of the existing vehicle fleets in the country, which led to an 8% dip in engine oil consumption. The passenger vehicle (PV) segment recorded the largest decline of 8.48% in engine oil consumption during 2020, over 2019.
During 2021-2026, the motorcycles segment is expected to register the highest growth of 5.77% in engine oil consumption, followed by the CV segment (2.94%). The growth in the motorcycles segment is likely to be driven by strong demand for mopeds and motorcycles in the country over the next five years.
Egypt Automotive Engine Oils Market
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