Egypt Passenger Vehicles Lubricants Market Trends

Statistics for the 2023 & 2024 Egypt Passenger Vehicles Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Egypt Passenger Vehicles Lubricants trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Single User License

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Team License

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Corporate License

$8750

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Market Trends of Egypt Passenger Vehicles Lubricants Industry

This section covers the major market trends shaping the Egypt Passenger Vehicles Lubricants Market according to our research experts:

Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>

  • Passenger vehicle (PV) is the second-largest segment in terms of automotive lubricant consumption in Morocco. During 2015-2019, the PV lubricant consumption witnessed a CAGR of 1.9%, primarily due to the country's car population surge.
  • In 2020, PVs accounted for about 23.5% of the country's total automotive lubricant consumption. Engine oils accounted for the largest share in PV lubricant consumption, with a share of over 88%. During 2020, PV lubricants consumption declined by 8.2% due to the lower usage of the vehicle fleet post-COVID-19 outbreak.
  • The transmission oil segment is projected to grow steadily, exhibiting a CAGR of 5.7% during 2021-2026. This growth is likely to be driven by the recovery of passenger car production and a recovery in average distance traveled in the country.
Egypt Passenger Vehicles Lubricants Market

Egypt Passenger Vehicles Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026