East Africa Automotive Lubricants Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2028 – MarkNtel Advisors

According to Markntel Advisors Report, East Africa Automotive Lubricants Market is expected to grow at a significant growth rate, and the analysis period is 2023-2028, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Automotive lubricants are liquids/fluids used in internal combustion engines to reduce the friction, overheating, and wear & tear that occurs during the functioning of the motor. They are manufactured from different materials, including natural, synthetic, and semi-synthetic, which offer different degrees of protection to the engine parts.

East Africa Automotive Lubricants Market Research Report & Summary:

The East Africa Automotive Lubricants market is projected to grow at a CAGR of around 4.83% during the forecast period, i.e., 2023-28.  

Time Period Captured in the Report:

·         Historical Years: 2018-21

·         Base Years: 2022

·         Forecast Years: 2023-2028

Who are the Key Players Operating in the East Africa Automotive Lubricants Market?

The top companies of the East Africa Automotive Lubricants Market ruling the industry are: 

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

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East Africa Automotive Lubricants Market Recent Development:

·         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.

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The East Africa Automotive Lubricants Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-By Type

-Engine Oil

-Gear Oil

-Transmission Fluids

-Brake Fluids

-Greases

-Coolants & Antifreezes

-Others (Additives, Oil Bender, etc.)

-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

-By Country

-Ethiopia

-Kenya

-Somalia

-Tanzania

-Uganda

-South Sudan

-Others

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Market Dynamics - East Africa Automotive Lubricants Market:

Key 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.

Additionally, the region is also experiencing a sizeable influx of pre-owned cars from other regional markets, such as the Middle East & Asia-Pacific regions, that are relatively economical compared to the newer ones. Hence, this is again a notable factor due to which the market is expected to witness a substantial growth rate in the forecast years.

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