East Africa Automotive Lubricants Market Poised for 4.83% CAGR Growth Through 2028 – MarkNtel Advisors
MarkNtel Advisors has released its comprehensive analysis of East Africa Automotive Lubricants Market, projecting a steady 4.83% CAGR growth from 2023-2028. Our team of industry specialists has exactly compiled the latest market intelligence to support stakeholders—entrepreneurs, financial analysts, and corporate strategists—in making informed, data-backed decisions.
East Africa Automotive Lubricants Market Statistics:
Study Period- Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028): 4.83%
Market Study Report Coverage:
- Market Fundamentals: Size, share, Revenue, and historical performance metrics.
- Emerging Opportunity: Collaboration with Automotive Manufacturers for Efficient Product Placement
- Geographical Analysis: Growth hotspots – Kenya & Uganda are expected to be the most prominent regions contributing to the growth of the Automotive Lubricant market during the forecast years.
- Competitive Benchmarking: Market leaders vs. emerging players.
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East Africa Automotive Lubricants Market Segmentation Analysis (2023–2028)
The study analyzes significant trends in each segment of East Africa Automotive Lubricants Market report, as well as growth estimates for 2023–2028 at the geographical levels.
As per the Report the market segment bifurcated into:
By Type
-
- Engine Oil
- Gear Oil
- Transmission Fluids
- Brake Fluids
- Greases
- Coolants & Antifreezes
- Others (Additives, Oil Bender, etc.)
Of all, Engine Oil grabbed a significant market share in the East Africa Automotive Lubricants market.
By Base Oil
-
- Mineral Oil Lubricants
- Synthetic Lubricants
- Semi-Synthetic Lubricants
By Vehicle Type
-
- Two-Wheelers
- Passenger Cars
- Commercial Vehicles
- Light Commercial Vehicles
- Medium & Heavy Commercial Vehicles
Commercial Vehicles & Passenger Cars held a sizeable share of the East Africa Automotive Lubricants market during 2018-22.
By Country
-
- Ethiopia
- Kenya
- Somalia
- Tanzania
- Uganda
- South Sudan
- Others
East Africa Automotive Lubricants Market Sector Growth Driver:-
Rising Vehicle Fleet Size Due to Improved Living Standard to Promote the Market
The East African countries have witnessed a sustained upsurge in the sales of automotive vehicles that has led to an increase in the demand for automotive lubricants such as engine oil. Brake & gear oil, transmission fluid, etc. The lower prices of pre-owned cars in East African countries have enhanced the sales of automobiles. The sales in the countries have also increased with the growing need for personal vehicles by customers. For instance, as per the automotive database service provider Focus2Move, Kenya’s automotive market, with sales of around 5,400 new cars, exhibited an increase of nearly 4.7% in 2022 compared to 2021. A similar growth trend was observed in Ethiopia, with sales of about 1,503 cars in 2022 & around 5.6% growth from 2021.
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East Africa Automotive Lubricants Market Competitive Outlook (2023–2028)
This section discusses the major participants in East Africa Automotive Lubricants Market, with a focus on securing new contracts in developing nations to strengthen their footprint
Competitive Analysis Cover:
- Business Description
- Product Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
List of Major East Africa Automotive Lubricants Market Competitor
- Total Energies-Kenya
- Shell-Kenya
- Kenol Kobil
- Vevo Energy
- Rubis Energy Uganda
- Puma Energy Tanazania
- Oryx Energies
- Yetebaberut Beherawi Petroleum (YBP)
- East Africa Gasoil Ltd.
- Africa Fuel & Lubricants Ltd.
- Others
The market is highly fragmented, with a mix of global and regional players competing for market share. To Learn More About the Global Trends Impacting the Future of Top 10 Companies in East Africa Automotive Lubricants Market
East Africa Automotive Lubricants Industry Recent Developments –
- 2023: Castrol Kenya & Rubis Energy Kenya announced their partnership to launch a wide range of automotive lubricants. According to Castrol, the respective categories are targeted – petrol, diesel, and transmission machinery.
- 2022: Indian automotive lubricant manufacturer Maxximus announced to triple its capacity in the East Africa region, as the company operates through a wholly owned subsidiary, Nairobi, Kenya-based MX Africa Ltd. The company would enhance from its existing 20,000 kl/year to 60,000 kl/year with a total cost of USD3.1 million.
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