Egypt Takes Lead in African Automotive Lubricants Market, Says M&M in Cutting-Edge Report Published at MarketPublishers.com
06 May 2016 • by Natalie Aster
LONDON – Driven by mineral oil lubricants segment, the African automotive lubricants market is expected to grow significantly, registering a CAGR of 3.5% from 2016 till 2020. Automobiles industry is the key end-use sphere for mineral oil lubricants. The key factors spurring growth in the automotive lubricants market include rise in on-road vehicles number and also increasing automotive industry.
Passenger vehicles application takes lead in the African automotive lubricants market, and this trend is likely to continue in the years ahead. The demand for lubricants from passenger car sector is expected to be driven by increasing purchasing power, rising number of fleet vehicles and expanding high-end cars sector. Owing to fast service delivery and comparatively low prices independent workshops form the most preferred sales channel for lubricants refills in the passenger vehicles sector.
Egypt is the leading regional market for automotive lubricants in Africa. It is followed by South Africa. The demand for passenger vehicles in Egypt is anticipated to grow at a 3.6% CAGR through 2020. The Egyptian automotive lubricants market is driven by growth in the domestic tourism industry, increasing investments in private transport fleet, rising number of vehicles, among other drivers.
New research report “Automotive Lubricants for Africa - Brand Awareness, Market Share, Sales Channel Analysis and Market Size & Forecast to 2020” elaborated by M&M is an in-depth analysis of the African market for automotive lubricants. It reviews the recent product launches and industry developments, examines the competitive landscape and performance of top market players. The report includes a detailed market segmentation assessment by application, type, volume, sale channel and geography. It is a unique source of information on the market dynamics, drivers, restraints, challenges and opportunities. In addition, the research study comprises Porter’s Five Forces analysis and value-chain analysis, and offers forecasts for the market up to 2020.
To find other research studies worked out by M&M follow to its page.