The East Africa Automotive Lubricants Market is expected to grow at a CAGR of around 4.83% during the forecast period, i.e., 2023-28. MarkNtel Advisors' recently published versions of the study on the East Africa Automotive Lubricants Industry (2023-2028) have been closely monitored. The factual data related to it has been intensively crafted, conducting primary and other market research processes & strategies.
Essential Parameters
- Timefrvame and Metrics
- Historical Period: 2018-21
- Base Year: 2022
- Forecast Years: 2023-2028
- Units: USD Million/Billion
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- We use both primary and secondary research approaches to gather unbiased and comprehensive market information.
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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.
Analyzing the Segmentations for the East Africa Automotive Lubricants Market
Knowing the fragmentation of the market makes one understand the versatility & nature of the industry in a very detailed and informed way. This section of the research report talks about how every segmentation plays a role in enhancing the market share & size. Read further to get familiar with the market segmentations:
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
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Exploring the Geographical Landscape of the East Africa Automotive Lubricants Industry
Our skilled researchers and analysts provide a detailed overview of each region or country, to help stakeholders understand the market status in these areas. They are:
-Ethiopia
-Kenya
-Somalia
-Tanzania
-Uganda
-South Sudan
-Others.
Do You Know Who are the Leading Companies in the East Africa Automotive Lubricants Market?
Key competitors are the major role-players of any market, working to innovating & expanding the industry landscape. Look below to know about the East Africa Automotive Lubricants Market companies:
-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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Key Questions Addressed in the East Africa Automotive Lubricants Market Research Report:
- What is the estimated size, share, and CAGR of the East Africa Automotive Lubricants Market in the forecast period?
- What are the key trends projected to impact the East Africa Automotive Lubricants Market during 2023-2028?
- What are the different segments & sub-segments considered in the East Africa Automotive Lubricants Market research study?
- Who are the key stakeholders and players participating in the East Africa Automotive Lubricants Market?
- What are the major aspects creating opportunistic arena for the East Africa Automotive Lubricants Market?
- What would be the demand for different types of products/services in the East Africa Automotive Lubricants Market through 2028?
- What all factors would create challenge for the East Africa Automotive Lubricants Industry growth?
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