Morocco Automotive Engine Oils Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 71.64 Million Liters |
| Market Volume (2026) | 79.98 Million Liters |
| CAGR (2024 - 2026) | 5.66 % |
| Market Concentration | High |
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Morocco Automotive Engine Oils Market Analysis
The Morocco Automotive Engine Oils Market size is estimated at 71.64 Million Liters in 2024, and is expected to reach 79.98 Million Liters by 2026, growing at a CAGR of 5.66% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : Morocco's passenger vehicle (PV) fleet consumes more than half of the country's engine oil, with 3.1 million units of PVs, and it has high engine oil replacement frequencies.
- Fastest Segment by Vehicle Type - Motorcycles : Morocco is expected to have the fastest increase in demand for motorcycle engine oil, owing to a strong rebound in low-cost motorcycle sales and increased travel rates.
Morocco Automotive Engine Oils Market Trends
This section covers the major market trends shaping the Morocco Automotive Engine Oils Market according to our research experts:
Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Passenger Vehicles</span>
- Engine oils accounted for about 75% of the overall automotive lubricants in Morocco in 2020. During 2015-2019, engine oil consumption increased at a CAGR of over 6%. 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 a 1.75% dip in engine oil consumption. The commercial vehicle (CV) segment recorded the largest decline of 4.1% in engine oil consumption during 2019.
- During 2021-2026, the motorcycles segment is expected to register the highest growth of 9.4% in engine oil consumption, followed by the PV segment (5.69%). The growth in the motorcycles segment is likely to be driven by the country's strong demand for mopeds and motorcycles over the next five years.
Morocco Automotive Engine Oils Industry Overview
The Morocco Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 66.47%. The major players in this market are Afriquia, OLA Energy, Petrom, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).
Morocco Automotive Engine Oils Market Leaders
Afriquia
OLA Energy
Petrom
Royal Dutch Shell Plc
TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Morocco Automotive Engine Oils Market News
- August 2021: During 2017-2020, OLA Energy invested around EUR 200 million and established 80 new service stations every year across its pan-African network, including Gabon, Morocco, Kenya, Reunion, and Egypt.
- April 2021: Motul launched two engine oils, namely CLASSIC EIGHTIES 10W-40 and CLASSIC NINETIES 10W-30, for classic cars manufactured between the 1970s and 2000s.
- March 2021: Hyundai Motor Company and Royal Dutch Shell PLC announced a five-year global business cooperation agreement, with a new focus on clean energy and carbon reduction, to help Hyundai continue its transformation as a Smart Mobility Solution Provider.
Morocco Automotive Engine Oils Market Report - 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 Vehicle Type
4.1.1 Commercial Vehicles
4.1.2 Motorcycles
4.1.3 Passenger Vehicles
4.2 By Product Grade
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 Afriquia
5.3.2 FUCHS
5.3.3 Motul
5.3.4 OLA Energy
5.3.5 Petrom
5.3.6 Petromin Corporation
5.3.7 Royal Dutch Shell Plc
5.3.8 TotalEnergies
5.3.9 Winxo
5.3.10 Ziz Lubrifiants
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Morocco Automotive Engine Oils Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
Morocco Automotive Engine Oils Market Research FAQs
How big is the Morocco Automotive Engine Oils Market?
The Morocco Automotive Engine Oils Market size is expected to reach 71.64 million Liters in 2024 and grow at a CAGR of 5.66% to reach 79.98 million Liters by 2026.
What is the current Morocco Automotive Engine Oils Market size?
In 2024, the Morocco Automotive Engine Oils Market size is expected to reach 71.64 million Liters.
Who are the key players in Morocco Automotive Engine Oils Market?
Afriquia, OLA Energy, Petrom, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Morocco Automotive Engine Oils Market.
Which segment has the biggest share in the Morocco Automotive Engine Oils Market?
In the Morocco Automotive Engine Oils Market, the Passenger Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Morocco Automotive Engine Oils Market?
In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the Morocco Automotive Engine Oils Market.
What years does this Morocco Automotive Engine Oils Market cover, and what was the market size in 2023?
In 2023, the Morocco Automotive Engine Oils Market size was estimated at 67.72 million Liters. The report covers the Morocco Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Morocco Automotive Engine Oils Market size for years: 2024, 2025 and 2026.
Morocco Automotive Engine Oils Industry Report
Statistics for the 2024 Morocco Automotive Engine Oils market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Morocco Automotive Engine Oils analysis includes a market forecast outlook 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
