South Africa Automotive Lubricants Market Trends

Statistics for the 2023 & 2024 South Africa Automotive Lubricants market trends, created by Mordor Intelligence™ Industry Reports. South Africa Automotive 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.

Market Trends of South Africa Automotive Lubricants Industry

This section covers the major market trends shaping the South Africa Automotive Lubricants Market according to our research experts:

Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Commercial Vehicles</span>

  • In South Africa, the passenger vehicles (PV) segment accounted for the largest share of 66.7% in the total number of on-road vehicles in 2020, followed by the commercial vehicles (CV) and motorcycles (MC) segments, which held shares of 30.24% and 3.01%, respectively.
  • The CV segment accounted for the highest share of around 56% in total automotive lubricant consumption in 2020, followed by PV (39%) and MC (4.95%), respectively. In 2020, the COVID-19 pandemic led to a notable dip in lubricants consumption, whereas CV lubricant consumption recorded the highest drop of 3.2%, followed by PV (2.87%) and MC (0.84%).
  • The motorcycle segment is projected to be the fastest-growing lubricant consumer, registering a CAGR of 5.42% over 2021-2026. This growth is expected to be driven by a recovery in low-cost moped sales and increasing penetration of foreign motorcycle brands over the coming years.
South Africa Automotive Lubricants Market

South Africa Automotive Lubricants Market Size & Share Analysis - Growth Trends & Forecasts Up To 2026