MarkNtel Advisors recently published a detailed industry analysis of the East Africa Automotive Lubricants Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the East Africa Automotive Lubricants Market (2023-2028)
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.
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What is driving the East Africa Automotive Lubricants 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.
What segments define the East Africa Automotive Lubricants market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Type
(Engine Oil, Gear Oil, Transmission Fluids, Brake Fluids, Greases, Coolants & Antifreezes, Others),
By Base Oil
(Mineral Oil Lubricants, Synthetic Lubricants, Semi-Synthetic Lubricants),
By Vehicle Type
(Two-Wheelers, Passenger Cars, Commercial Vehicles)
By Country
(Ethiopia, Kenya, Somalia, Tanzania, Uganda, South Sudan, Others)
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Who are the leading key players shaping the East Africa Automotive Lubricants Market landscape?
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
Questions Addressed in this Study
1.What factors are driving the East Africa Automotive Lubricants Market growth?
2.How is the East Africa Automotive Lubricants Market expected to grow over the next five years?
3.What are the key insights into the current trends in the East Africa Automotive Lubricants Market?
4.What is the current size of the East Africa Automotive Lubricants Market, and how is it projected to change in the future?
6.What is the future outlook for the East Africa Automotive Lubricants Market in terms of technological advancements and market expansion?
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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