The North Africa Automotive Lubricants Market is estimated to grow at a CAGR of around 4.5% during the forecast period, i.e., 2024-30.
Key Findings of the Study: North Africa Automotive Lubricants Market
North Africa Automotive Lubricants Market Opportunity: Growth in E-commerce Sector to Provide New Opportunities for Market Players
Online shopping is gradually becoming one of the key growth factors for the retail sector. The increased consciousness among consumers about shopping from websites or via mobile applications has encouraged various businesses to expand their online presence through the adoption of digital technologies. With the growing inclination of end-users toward online platforms, e-commerce companies are quickly grabbing on the opportunity. Hence, new startups have been emerging in the region’s e-commerce sector. As these startups expand in the region by gaining investment, the fleet of vehicles such as trucks, two-wheelers, etc., for product transportation and delivery is projected to increase in the years to come.
For instance, in 2023, a B2B e-commerce startup based in Morocco raised USD 1 million from Orange Ventures. Therefore, this is anticipated to provide new opportunities to the automotive lubricants suppliers during the forecast period.
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Scope of the Report and North Africa Automotive Lubricants Market Segmentation
By Type
-Engine Oil
-Gear Oil
-Transmission Fluids
-Brake Fluids
-Greases
-Coolants & Antifreezes
-Others (Additives, Oil Benders, etc.)
- the engine oil segment holds a significant market share due to its extensive usage in vehicles, particularly diesel and light-duty cars.
By Base Oil
-Mineral Oil Lubricants
-Synthetic Lubricants
-Bio Lubricants
By Vehicle Type
-Two-Wheelers
--Mopeds & Scooter
--Motorcycle
-Passenger Cars
--Hatchback
--Sedan
--SUV
-Commercial Vehicles
--Light Commercial Vehicle
--Medium & Heavy Commercial Vehicle
-Off the Road (OTR) Vehicles
--Earthmoving Equipment
--Material Handling Equipment
--Agricultural Equipment
Top leading companies in the North Africa Automotive Lubricants Market includes:
TotalEnergies SE, Shell International B.V., Rubis Energie, Exxon Mobil Corporation, Misr Petroleum, Castrol Limited, Chevron Alkhalij, Rymax Lubricants, PetroMix Company, Egyptian Company for Oil & Grease, Others
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.
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
Geographical analysis:
Egypt
Morocco
Algeria
Libya
Rest of North Africa
- Egypt has gained a significant share of the North Africa Automotive Lubricants Market.
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