AFRICA AUTOMOTIVE ENGINE OILS MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026
- Engine Oil
- June 19, 2023
Accounting for approximately 8% of the global finished lubricant demand, Africa and the Middle East is a region ripe for growth. The region is forecast to grow at a modest compound annual growth rate (CAGR) of 3% until 2019. Infrastructure and a modernizing vehicle parc will play a role in altering the landscape for finished
READ MOREHigher commodity prices, propelled upwards by war in Ukraine, will have a significant economic impact on the region.
READ MOREAfrica Automotive Engine Oils Market Analysis The Africa Automotive Engine Oils Market stood at 1.02 billion liters in 2021 and is projected to register a CAGR of 4.07% to reach 1.24 billion liters in 2026. Largest Segment by Vehicle Type – Commercial Vehicles : Due to the large average engine oil capacity of heavy-duty trucks, pickup trucks,
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